XML 56 R10.htm IDEA: XBRL DOCUMENT

Note 4 - Changes in Accounting Principle	6 Months Ended
Jun. 30, 2019
Notes to Financial Statements
Note 4 - Changes in Accounting Principle	NOTE 4 – CHANGES IN ACCOUNTING PRINCIPLE As described in Note 6, the Company adopted Topic 842 Leases, effective January 1, 2019 resulting in the retrospective adjustment of the comparative 2018 periods presented. Prior to the application of Topic 842, the rent expense was recorded in the amount of the lease payments, adjusted on straight-line basis over the lease term. The presented condensed consolidated statement of operations and condensed consolidated statement of cash flows for the six-month period ended June 30, 2018 were not adjusted since the lease did not commence until August 1, 2018. The balance sheet presented as of December 31, 2018 is adjusted to reflect the ROU asset and operating lease liability described in Note 6. Stockholders’ equity was not affected since the total 2018 expense remained the same.

Note 4 - Changes in Accounting Principle

6 Months Ended

Jun. 30, 2019

Note 4 - Changes in Accounting Principle

NOTE 4 – CHANGES IN ACCOUNTING PRINCIPLE

As described in Note 6, the Company adopted Topic 842 Leases, effective January 1, 2019 resulting in the retrospective adjustment of the comparative 2018 periods presented. Prior to the application of Topic 842, the rent expense was recorded in the amount of the lease payments, adjusted on straight-line basis over the lease term. The presented condensed consolidated statement of operations and condensed consolidated statement of cash flows for the six-month period ended June 30, 2018 were not adjusted since the lease did not commence until August 1, 2018. The balance sheet presented as of December 31, 2018 is adjusted to reflect the ROU asset and operating lease liability described in Note 6. Stockholders’ equity was not affected since the total 2018 expense remained the same.