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Recently Issued Accounting Pronouncements
 9 Months Ended
Sep. 30, 2025
Accounting Changes and Error Corrections [Abstract]  
Recently Issued Accounting Pronouncements

NOTE 16 – RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS

 

In September 2025, the Financial Accounting Standards Board issued Accounting Standards Update (ASU) No. 2025-06, Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40). This guidance is intended to better align the accounting with how software is developed, for example determining when to begin capitalizing internal-use software costs. The amendments in this ASU are effective for fiscal years beginning after December 15, 2027, and interim periods within those annual reporting periods. They can be applied prospectively, retrospectively or via a modified transition approach where project costs have been capitalized before the date of adoption. Early adoption is permitted as of the beginning of an annual reporting period. The adoption of this

ASU is not expected to have a material impact on the Company’s consolidated financial statements or accounting policies.