RECENT ACCOUNTING PRONOUNCEMENTS

9 Months Ended

Sep. 30, 2016

Notes to Financial Statements

Note 10 - RECENT ACCOUNTING PRONOUNCEMENTS

In August 2016, the FASB issued ASU No. 2016-15, "Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments.” The amendments in this ASU include specific guidance on eight statement of cash flows classification issues, thereby reducing the current and potential future diversity in related financial reporting practice. The amendments in this Update are effective for public business entities for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. We are currently unable to determine the impact on our financial statements of the adoption of this new accounting pronouncement.