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Note 1 - Basis of Presentation: Recent Accounting Pronouncements (Policies)
9 Months Ended
Sep. 30, 2017
Policies  
Recent Accounting Pronouncements:

Recent Accounting Pronouncements:

 

In March 2017, the Financial Accounting Standards Board (“FASB”) issued ASU 2017-08, “Receivables – Nonrefundable Fees and Other Costs (Topic 310-20), Premium Amortization on Purchased Callable Debt Securities.”  The amendments in this ASU shorten the amortization period for certain callable debt securities held at a premium to the earliest call date.  The amendments do not change the accounting for purchased callable debt securities held at a discount; the discount continues to be amortized to maturity.  The update is effective for annual periods beginning after December 15, 2018 for public companies and annual periods beginning after December 15, 2019 for all other entities.  Early adoption is permitted.  The update is required to be applied on a modified retrospective basis, with a cumulative-effect adjustment directly to retained earnings as of the beginning of the period of adoption.  The adoption of this update is not expected to have a material impact on the Company’s financial statements.