RECENT ACCOUNTING STANDARDS

3 Months Ended

Mar. 31, 2023

Accounting Changes and Error Corrections [Abstract]

RECENT ACCOUNTING STANDARDS

18. RECENT ACCOUNTING STANDARDS

Accounting Pronouncements Adopted

The FASB issued new guidance under ASC Topic 326, Financial Instruments Credit Losses. The guidance changes the allowance on accounts receivable from an incurred method to an expected method. The Company adopted ASC Topic 326 on January 1, 2023 and it had no material effect on the condensed consolidated financial statements.