Significant Accounting Policies

3 Months Ended

Mar. 31, 2014

Accounting Policies [Abstract]

Significant Accounting Policies [Text Block]

Summary of Significant Accounting Policies

Use of Estimates—The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and also requires the disclosure of contingent assets and liabilities at the date of the financial statements. In addition, it requires management to make estimates and assumptions that affect the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates.

Subsequent Events—The Company has evaluated events and transactions subsequent to March 31, 2014 through May 14, 2014, the date of issuance of its unaudited Condensed Consolidated Financial Statements.

Recently Issued Accounting Standards

There were no newly issued accounting standards in the first quarter of 2014 applicable to the Company’s unaudited Condensed Consolidated Financial Statements.