Annual report [Section 13 and 15(d), not S-K Item 405]

SUMMARY OF SIGNIFICANT ACCOUNTING PRINCIPLES AND PRACTICES (Tables)

v3.25.4
SUMMARY OF SIGNIFICANT ACCOUNTING PRINCIPLES AND PRACTICES (Tables)
 12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
Schedule of Cash and Cash Equivalents The following table provides a reconciliation of cash and restricted cash included in Consolidated Balance Sheets to the amounts included in the Consolidated Statements of Cash Flows.
December 31,
(In thousands) 2025 2024
Cash and Cash Equivalents $ 18,180  $ 9,285 
Restricted Cash —  9,143 
Total Cash and Restricted Cash Shown in Statements of Cash Flows $ 18,180  $ 18,428 
Schedule of Restricted Cash and Cash Equivalents The following table provides a reconciliation of cash and restricted cash included in Consolidated Balance Sheets to the amounts included in the Consolidated Statements of Cash Flows.
December 31,
(In thousands) 2025 2024
Cash and Cash Equivalents $ 18,180  $ 9,285 
Restricted Cash —  9,143 
Total Cash and Restricted Cash Shown in Statements of Cash Flows $ 18,180  $ 18,428 
Schedule of Recent Accounting Pronouncements Adopted and Not Yet Adopted
Recent Accounting Pronouncements Adopted
Standard Description Financial Statement Effect or Other Significant Matters
ASU No. 2024-04 -Debt - Debt with Conversion and Other Options (Subtopic 470-20): Induced Conversions of Convertible Debt Instruments The amendments in this update clarify the requirements for determining whether certain settlements of convertible debt instruments should be accounted for as an induced conversion or an extinguishment.
We early adopted this standard during 2025 and applied it on a prospective basis. Refer to Note 8.
ASU No. 2023-09 -
Income Taxes (Topic 740), Improvements to Income Tax Disclosures		 The amendments in this update require enhanced disclosures within the annual rate reconciliation, including new requirements to present reconciling items on a gross basis in specified categories, disclosure of both percentages and dollar amounts, and disaggregation of the reconciling items by nature when they meet a quantitative threshold. The update also includes enhanced disclosure requirements for income taxes paid.
We adopted this standard beginning in 2025 and applied it on a prospective basis. Refer to Note 11.
ASU No. 2025-06 -Intangibles, Goodwill
and Other - Internal-Use Software
(Subtopic 350-40): Targeted
Improvements to the Accounting for
Internal-Use Software		 The amendments in this update remove all references to project stages and clarify the threshold entities apply to begin capitalizing software costs. The update further specifies required disclosures for all capitalized internal-use software costs. This guidance is effective for fiscal years beginning after December 15, 2027 and interim periods within that period. Early adoption is permitted. We early adopted this standard for the fourth quarter of the fiscal year ending December 31, 2025 using a prospective transition approach. The effect was immaterial to our Consolidated Financial Statements.
Recent Accounting Pronouncements Not Yet Adopted
Standard Description Financial Statement Effect or Other Significant Matters
ASU No. 2025-05 -Financial Instruments,
Credit Losses (Topic 326): Measurement
of Credit Losses for Accounts
Receivable and Contract Assets		 The amendments in this update provide a practical expedient that allows entities to assume current conditions as of the balance sheet date remain unchanged over the life of current accounts receivable and contract assets when developing forecasts for estimated expected credit losses. This guidance is effective for fiscal years beginning after December 15, 2025 and interim periods within that period. Early adoption is permitted. The Company is currently reviewing the guidance and evaluating the impact on our Consolidated Financial Statements and related disclosures.
ASU No. 2024-03 -
Income Statement - Reporting Comprehensive Income-Expense Disaggregation Disclosures (Topic 220), Disaggregation of Income Statement Expenses		 This standard requires disclosure of specified information about certain cost and expenses at each interim and annual reporting period. This includes disclosure of the amounts of purchases of inventory, employee compensation, depreciation and intangible asset for each relevant expense caption on the income statement, as well as the total amount of selling expenses. Additionally, the amendments require disclosing a qualitative description of the amounts remaining in relevant expense captions that are not separately disaggregated. The provisions of the standard are effective for fiscal years beginning after December 15, 2026 and interim periods within fiscal years beginning after December 15, 2027. Early adoption is permitted. The amendments may be applied either prospectively to financial statements issued for reporting periods after the effective date of this ASU or retrospectively to all prior periods presented in the financial statements. The Company is currently reviewing the guidance and evaluating the impact on our Consolidated Financial Statements and related disclosures.