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Significant Accounting Policies (Policies)
3 Months Ended
Mar. 31, 2019
Accounting Policies [Abstract]  
Basis of Accounting, Policy [Policy Text Block]
Basis of Presentation:
 
The accompanying unaudited Condensed Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and with the instructions to Form
10
-Q and Rule
10
-
01
of Regulation S-
X.
They do
not
include all information and notes required by GAAP for complete financial statements. However, except as disclosed herein, there has been
no
material change in the information disclosed in the Notes to Consolidated Financial Statements included in the Annual Report on Form
10
-K of the Company for the year ended
December 31, 2018.
 
In the opinion of management, all adjustments (including normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the
three
months ended
March 31, 2019,
are
not
necessarily indicative of the results that
may
be expected for the year ending
December 31, 2019.
Use of Estimates, Policy [Policy Text Block]
Use of Estimates:
 
The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. Actual results could differ from those estimates.
New Accounting Pronouncements, Policy [Policy Text Block]
Recently Adopted Accounting Pronouncements:
 
In the
first
quarter of
2019,
we adopted Accounting Standards Update (“ASU”)
No.
2016
-
02,
Lease Accounting
Topic
842
: ("
Topic
842
")
 and recognized on our Condensed Consolidated Balance Sheet 
$101,000
of lease liabilities with corresponding right-of-use assets for operating leases. The new lease standard requires a lessee to measure its operating lease liabilities at the present value of the remaining minimum lease payments with a discounted cash flow model using the interest rate implicit in the lease. If the implicit interest rate cannot be readily determined, the lessee must use its incremental borrowing rate (“IBR”). If the lessee does
not
have an IBR, the lessee must use a rate that approximates the rate of interest that the lessee would have to pay to borrow on a collateralized basis over a similar term in an amount equal to the lease payments in a similar economic environment. The implicit interest rate was readily determinable for our copier lease; however, we used an IBR to measure our adoption date operating lease liability related to our office space which rate represents our estimated borrowing rate on a secured loan collateralized by similar assets for a similar term. The adoption did
not
have an impact on the Condensed Consolidated Statements of Cash Flows. As permitted under the standard, we elected prospective application of the new guidance and prior periods continue to be presented in accordance with Accounting Standards Codification ("ASC") Topic
840.
Refer to our
2018
Annual Report on Form
10
-K for disclosures required by Topic
840.
The new standard provides a number of optional practical expedients in transition. We elected the practical expedients to
not
reassess its prior conclusions about lease identification under the new standard, to
not
reassess lease classification, and to
not
reassess initial direct costs. We did
not
elect the practical expedient allowing the use-of-hindsight which would require us to reassess the lease term of its leases based on all facts and circumstances through the effective date and did
not
elect the practical expedient pertaining to land easements as this is
not
applicable to our current contract portfolio. See Note
11,
Commitments and Contingencies,
of the notes to our unaudited condensed consolidated financial statements for additional discussion of our leases and the amounts recognized in these unaudited condensed consolidated financial statements.
 
On
January 1, 2019,
we adopted ASU
2018
-
08,
Not
-for-Profit Entities (Topic
958
): Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made.
This ASU affects
not
-for-profit entities and business entities that receive or make contributions of cash. The ASU clarifies and improves the scope and accounting guidance to assist entities in evaluating if those transactions should be accounted for as contributions under the scope of Topic
958
or as an exchange transaction subject to other guidance. The adoption did
not
have any impact on the financial statements.
 
Recent Accounting Pronouncements:
 
 
In
August 2018,
the FASB issued ASU
No.
2018
-
13,
Fair Value Measurement (Topic
820
): Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement
, to improve the effectiveness of disclosures. The amendments remove, modify, and add certain disclosure requirements in Topic
820,
“Fair Value Measurement.” The amendments on changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level
3
fair value measurements, and the narrative description of measurement uncertainty should be applied prospectively for only the most recent interim or annual period presented in the initial fiscal year of adoption. All other amendments should be applied retrospectively to all periods presented upon their effective date. The amendments are effective for fiscal years beginning after
December 15, 2019.
Early adoption is permitted, including adoption in an interim period. Furthermore, an entity is permitted to early adopt any removed or modified disclosures upon issuance of the update and delay adoption of the additional disclosures until their effective date. We do
not
expect this amendment to have a material impact on our consolidated financial statements.