Company: NSTS
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001437749-25-009831
Chunk: 1080

Company: NSTS Bancorp, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 9
Chunk 1080
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 Net cash used in operating activities   (1,088)  (1,351)
 Cash flows from investing activities:         
 Principal payments on loan to ESOP  $173  $172 
 Net cash provided by investing activities   173   172 
 Cash flows from financing activities:         
 Purchase of treasury shares   (970)  (2,381)
 Purchase of treasury stock from taxes withheld on stock awards   (109)  — 
 Proceeds from exercise of stock options   215   — 
 Net cash used in financing activities   (864)  (2,381)
 Net change in cash   (1,779)  (3,560)
 Cash at beginning of period   18,634   22,194 
 Cash at end of period  $16,855  $18,634 

       80

   Note 17: Changes in Accounting Principles
    
   In  March 2024, the FASB issued ASU No. 2024-01, “Compensation—Stock Compensation (Topic 718): Scope Applications of Profits Interests and Similar Awards” (ASU 2024-01). ASU 2024-01 adds an example to Topic 718 which illustrates how to apply the scope guidance to determine whether profits interests and similar awards should be accounted for as share-based payment arrangements under Topic 718 or under other U.S. GAAP. ASU 2024-01 is effective for annual periods beginning after  December 15, 2025, although early adoption is permitted. Upon adoption, ASU 2024-01 is not expected to have an impact on the Company’s consolidated balance sheets or consolidated statements of income.
    
   On  November 27, 2023, the FASB issued ASU 2023-07, "Segment Reporting (ASC 280): Improvements to Reportable Segment Disclosures", intended to improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. Provisions in the amendment include: (1) Requirement that a public entity disclose, on an annual and interim basis, significant segment expenses that are regularly provided to the chief operating decision maker ("CODM") and included within each reported measure of segment profit or loss (collectively referred to as the "significant expense principle"); (2) Requirement that a public entity disclose, on an annual and interim basis, an