Nature of Business and Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2025

Schedule of Accounting Standards Update and Change in Accounting Principle

The following table provides a description of accounting standards that are not yet adopted that could have an impact to the consolidated financial statements upon adoption.


Accounting Standard Update	Description	Required date of adoption	Effect on consolidated financial statements


Accounting Standards Not Yet Adopted
Improvements to Income Tax Disclosures (ASU 2023-09)	The guidance enhances the transparency and decision usefulness of income tax disclosures.	December 31, 2025	The Company will adopt the standard prospectively as of December 31, 2025. ASU 2023-09 requires additional tax related disclosures and is not expected to have a material impact on the Company's consolidated financial statements.
Reporting Comprehensive Income—Expense Disaggregation Disclosures (ASU 2024-03)	This guidance enhances the disaggregated disclosure of income statement expenses.	December 31, 2027	The Company is currently evaluating the impact this guidance may have on the consolidated financial statements.
Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software (ASU 2025-06)	This update modernizes the guidance to reflect the software development approaches currently used.	December 31, 2028	The Company is currently evaluating the impact this guidance may have on the consolidated financial statements.
Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets (ASU 2025-05)	This update provides a practical expedient that assumes that current conditions as of the balance sheet date do not change for the remaining life of an asset when developing reasonable and supportable forecasts as part of estimating expected credit losses	December 31, 2026	The Company is currently evaluating the impact this guidance may have on the consolidated financial statements and whether the Company will adopt this practical expedient.