Note 4 - Recent Accounting Pronouncements

3 Months Ended

Mar. 31, 2021

Notes to Financial Statements

Accounting Standards Update and Change in Accounting Principle [Text Block]

Note

4.

Recent Accounting Pronouncements

In

March 2020,

the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU

2020

-

04”

) establishing Accounting Standards Codification (“ASC”) Topic

848,

 

Reference Rate Reform.

ASU

2020

-

04

contains practical expedients for reference rate reform related activities that impact debt, leases, derivatives and other contracts. The guidance in ASU

2020

-

04

is optional and

may

be elected over time as reference rate reform activities occur. The Company is currently evaluating the impact of the guidance and our options related to the practical expedients.