Company: EQS
Filing Date: 2025-04-10
Form Type: 10-K
Source: 0001712543-25-000016
Chunk: 52

Company: EQUUS TOTAL RETURN, INC.
Filing Date: 2025-04-10
Form: 10-K
Item: Item 8
Chunk 52
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 to be not applicable or expected
to have minimal impact on our financial statements.

Accounting
Standards Not Yet Adopted - In December 2023, FASB issued ASU 2023-09, “ Income Taxes (Topic 740): Improvements to Income
Tax Disclosures”. The amendments in this ASU require improved annual income tax disclosures surrounding rate reconciliation, income
taxes paid, and other disclosures. This update will be effective for financial statements issued for fiscal years beginning after December
15, 2024. The Fund is currently evaluating the impact of this standard on the financial statements.

.

In November 2024,
FASB issued ASU 2024-03, “ Income Statement - Reporting Comprehensive Income-Expense Disaggregation Disclosures (Subtopic 220-40),
Disaggregation of Income Statement Expenses”. The amendments in this Update require disclosure, in the notes to financial statements,
of specified information about certain costs and expenses. This update will be effective for financial statements issued for fiscal years
beginning after December 15, 2026. Early adoption is permitted. The Fund is currently evaluating the impact of this standard on the
financial statements.

In January 2025,
FASB issued ASU 2025-01, “ Income Statement - Reporting Comprehensive Income-Expense Disaggregation Disclosures (Subtopic 220-40),
Clarifying the Effective Date”. The amendment in this Update amends the effective date of Update 2024-03 to clarify that all public
business entities are required to adopt the guidance in annual reporting periods beginning after December 15, 2026. Early adoption of
Update 2024-03 is permitted. The Fund is currently evaluating the impact of this standard on the consolidated financial statements.

In November 2024,
FASB issued ASU 2024-04, “ 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. Under the amendments, to account for a settlement of a convertible debt instrument as an induced
conversion, an inducement offer is required to provide the debt holder with, at a minimum, the consideration (in form and amount) issuable
under the conversion privileges provided in the terms of the instrument. An entity should assess whether this criterion is satisfied as
of the date the inducement