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Basis of Presentation and Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2019
Accounting Policies [Abstract]  
Schedule of Recently Issued Accounting Pronouncements Adopted/Not Yet Adopted
Recently Issued Accounting Pronouncements Adopted
Standard
 
Description
 
Date of adoption
 
Effect on the financial statements or other significant matters
ASU No. 2016-02,
Leases, (Topic 842)
and related updates

 
ASU No. 2016-02 amends the existing
guidance for lease accounting for both parties
to a lease contract (i.e., lessees and lessors).
The new standard requires a modified
retrospective transition method for all leases
existing at the date of initial application, with
an option to use certain practical expedients
available.
 
January 2019
 
The Company adopted ASU No. 2016-02 and the
related updates on a modified retrospective basis
and applied the effective date method in which
the elected practical expedients were applied
consistently to all leases commenced before the
ASU effective date of January 1, 2019.

The incremental policies and disclosures pertaining to the Company as a lessor and lessee have been included in "Note 2. Basis of Presentation and Summary of Significant Accounting Policies", "Note 3. Revenue Recognition" and "Note 12. Commitments and Contingencies," respectively.
 
 
 
 
 
 
 
Recently Issued Accounting Pronouncements Not Yet Adopted
Standard
 
Description
 
Date of adoption
 
Effect on the financial statements or other significant matters
 
 
 
 
 
 
 
ASU No. 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement
 
ASU No. 2018-13 is intended to improve the effectiveness of the disclosures required by Topic 820, Fair Value Measurement by eliminating, amending, or adding certain disclosures. Certain amendments require a prospective transition method, while others require a retrospective transition method. The guidance is effective for all entities for fiscal years beginning after December 15, 2019, and early adoption is permitted.
 
January 2020
 
The Company has evaluated this guidance and determined that it will only impact fair value measurement disclosures and will not have an impact on the Company's financial position, results of operations, or cash flows.