Recently Issued Accounting Standards

9 Months Ended

Sep. 30, 2013

Recently Issued Accounting Standards

Recently Issued Accounting Standards

M.       Recently Issued Accounting Standards

In July 2013, the Financial Accounting Standards Board issued a standard update on the presentation of certain unrecognized tax benefits in the financial statements.  The standard requires unrecognized tax benefits to be offset against deferred tax assets for a net operating loss carryforward, similar tax loss or tax credit carryforward in certain situations.  The Company early adopted this standard in its financial statements during the quarter ended September 30, 2013.  The standard did not have a material impact on the Company’s financial statements.