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Recent Accounting Pronouncements
12 Months Ended
Dec. 31, 2020
Recent Accounting Pronouncements [Abstract]  
Recently Adopted Accounting Pronouncements [Text Block]

5. Recent Accounting Pronouncements

From time to time, new accounting pronouncements are issued by the financial accounting standards board (the "FASB") or other standard setting bodies and adopted by the Company as of the specified effective date or possibly early adopted, where permitted.

In December 2019, the Financial Accounting Standards Board (the "FASB") issued ASU 2019-12 - Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes, an authoritative guidance that simplifies the accounting for income taxes by removing certain exceptions and making simplifications in other areas. It is effective from the first quarter of fiscal year 2022, with early adoption permitted in any interim period. If adopted early, the Company must adopt all the amendments in the same period. The amendments have differing adoption methods including retrospectively, prospectively and/or modified retrospective basis through a cumulative-effect adjustment to retained earnings as of the beginning of the fiscal year of adoption, depending on the specific change. The Company is assessing the impact that the adoption of ASU 2019-12 will have on the consolidated balance sheet and consolidated statement of operations.