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Significant Accounting Policies (Policies)
3 Months Ended
Mar. 31, 2019
Accounting Policies [Abstract]  
New Accounting Pronouncements, Policy [Policy Text Block]
Recent Accounting Pronouncements
 
In
February 2016,
the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”)
No.
2016
-
02,
“Leases (Topic
841
).” Among other things, in the amendments in ASU
2016
-
02,
lessees will be required to recognize the following for all leases (with the exception of short-term leases) at the commencement date: (i) a lease liability, which is a lessee’s obligation to make lease payments arising from a lease, measured on a discounted basis; and (ii) a right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. Under the new guidance, lessor accounting is largely unchanged. Certain targeted improvements were made to align, where necessary, lessor accounting with the lessee accounting model and Accounting Standards Codification (“ASC”) Topic
606,
Revenue from Contracts with Customers. The amendments in this ASU are effective for fiscal years beginning after
December 
15,
2018,
and interim periods within those fiscal years. Lessees (for capital and operating leases) and lessors (for sales-type, direct financing, and operating leases) must apply a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The modified retrospective approach would
not
require any transition accounting for leases that expired before the earliest comparative period presented. Lessees and lessors
may
not
apply a full retrospective transition approach. The Company adopted the provisions of ASU
2016
-
02,
effective
January 1, 2019,
by recording an asset of
$1,400,855,
a liability of
$1,527,019,
a
$91,447
adjustment to retained earnings, and a
$34,717
adjustment to deferred income taxes.
 
In
June 2016,
the FASB issued ASU
2016
-
13,
“Financial Instruments – Credit Losses”. The ASU sets forth a “current expected credit loss” (CECL) model which requires the Company to measure all expected credit losses for financial instruments held at the reporting date based on historical experience, current conditions, and reasonable supportable forecasts. This replaces the existing incurred loss model and is applicable to the measurement of credit losses on financial assets measured at amortized cost and applies to some off-balance sheet credit exposures. This ASU is effective for fiscal years beginning after
December 
15,
2019,
including interim periods within those fiscal years. The Company has engaged a
third
-party vendor to assist in the implementation of this ASU.
 
In
August 2018,
the FASB issued ASU
2018
-
13,
 “Fair Value Measurement (Topic
820
) - Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement.” ASU
2018
-
13
modifies the disclosure requirements on fair value measurements in ASC Topic
820.
The amendments in this update remove disclosures that
no
longer are considered cost beneficial, modify/clarify the specific requirements of certain disclosures, and add disclosure requirements identified as relevant. ASU
2018
-
13
will be effective for us on
January 1, 2020,
with early adoption permitted, and is
not
expected to have a material impact on the Company’s financial statements.
 
In
August 2018,
the FASB issued ASU
2018
-
14,
“Compensation - Retirement Benefits-Defined Benefit Plans-General (Subtopic
715
-
20
).” ASU
2018
-
14
amends and modifies the disclosure requirements for employers that sponsor defined benefit pension or other post-retirement plans. The amendments in this update remove disclosures that
no
longer are considered cost beneficial, clarify the specific requirements of disclosures, and add disclosure requirements identified as relevant. ASU
2018
-
14
will be effective for us on
January 1, 2021,
with early adoption permitted, and is
not
expected to have a material impact on the Company’s financial statements.
 
In
August 2018,
the FASB issued ASU 
2018
-
15,
“Intangibles - Goodwill and Other - Internal-Use Software (Subtopic
350
-
40
) - Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract.” ASU 
2018
-
15
clarifies certain aspects of ASU
2015
-
05,
“Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement,” which was issued in
April 2015.
Specifically, ASU
2018
-
15
aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal-use software license). ASU 
2018
-
15
does
not
affect the accounting for the service element of a hosting arrangement that is a service contract. ASU
2018
-
15
will be effective for us on
January 1, 2020,
with early adoption permitted, and is
not
expected to have a material impact on the Company’s financial statements.