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Change in Accounting Policy | 12 Months Ended
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Dec. 31, 2024
Change in Accounting Policy [Abstract] |
Change in Accounting Policy | 2. CHANGE IN ACCOUNTING POLICY The new USGAAP accounting policy that is applicable to, and adopted by the Company in 2024, is described as follows: Improvements to Reportable Segment Disclosures The Company adopted Accounting Standard Update (“ASU”) 2023-07, Segment Reporting (Topic 280), Improvements to Reportable Segment Disclosures. The change in the standard improves reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. The changes improve financial reporting by requiring disclosure of incremental segment information on an annual and interim basis for all public entities to enable investors to develop more decision-useful financial analyses. The guidance was effective for annual reporting periods beginning after December 15, 2023, and for interim periods beginning after December 15, 2024. Adoption of the standard resulted in additional qualitative disclosures provided in note 5.

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