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Note 2 - Recent Accounting Pronouncements
9 Months Ended
Sep. 30, 2018
Notes to Financial Statements  
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]
NOTE
2
– RECENT ACCOUNTING PRONOUNCEMENTS
 
Recent accounting guidance
not
yet adopted
 
In
July 2018,
the FASB issued ASU
2018
-
10
and
2018
-
11
to provide additional guidance related to accounting for leases, such as the application of an implicit rate, lessee reassessment of lease classification and certain transition adjustments. This standard is effective for fiscal years beginning after
December 15, 2018.
We are evaluating the impact of ASU
2018
-
10
and
2018
-
11
may
have on our condensed consolidated financial statements.
 
In
July 2018,
the FASB issued ASU
2018
-
09,
“Codification Improvements”. This ASU makes changes to a variety of topics to provide clarification and correction of errors to the Accounting Standards Codification. The majority of the amendments in ASU
2018
-
09
are effective for the Company after
December 15, 2018.
We are evaluating the impact ASU
2018
-
09
may
have on our condensed consolidated financial statements.
 
In
June 2018,
the FASB issued ASU
2018
-
07
as a simplification for the accounting for nonemployee share-based payment transactions resulting from expanding the scope of Topic
718,
Compensation-Stock Compensation. This standard is effective for fiscal years beginning after
December 15, 2018.
We are evaluating the impact ASU
2018
-
07
may
have on our condensed consolidated financial statements.
 
In
February 2018,
the FASB issued ASU
2018
-
02
to provide guidance related to adjustments for deferred tax assets and liabilities based on the changes created by the U.S. federal government tax bill enacted
December 22, 2017.
This standard is effective for fiscal years beginning after
December 15, 2018.
We are evaluating the impact ASU
2018
-
02
may
have on our condensed consolidated financial statements.
 
In
February 2016,
the FASB issued ASU
2016
-
02
to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. For related party leases, the basis will be the legally enforceable terms and conditions of the arrangement. The FASB has also issued ASU
2018
-
10
to narrow aspects of the guidance in
2016
-
02,
with the same effective date. This standard is effective for fiscal years beginning after
December 15, 2018.
We are evaluating the impact ASU
2016
-
02
may
have on our condensed consolidated financial statements.