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Note 3 - Significant Accounting Policies and Recent Accounting Pronouncements
6 Months Ended
Jun. 30, 2018
Notes to Financial Statements  
Significant Accounting Policies [Text Block]
3.
         Significant Accounting Policies and Recent Accounting Pronouncements
 
We disclosed in Note
2
to our consolidated financial statements included in our Annual Report on Form
10
-K for the year ended
December 31, 2017
those accounting policies that we consider significant in determining our results of operations and financial position. Other than as described below, there have been
no
material changes to, or in the application of, the accounting policies previously identified and described in the Form
10
-K.
 
In
May 2014,
the Financial Accounting Standards Board (FASB) issued Accounting Standards Update
2014
-
09,
Revenue from Contracts with Customers
(ASU
2014
-
09
), which creates a new Topic, Accounting Standards Codification Topic
606.
The standard is principle-based and provides a
five
-step model to determine when and how revenue is recognized. The core principle is that an entity should recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. We adopted ASU
2014
-
09
effective
January 1, 2018;
such adoption had
no
material impact on our financial statements.
 
In
May 2017,
the FASB issued Accounting Standards Update
2017
-
09,
Scope of Modification Accounting
(ASU
2017
-
09
), which amends Accounting Standards Codification Topic
718,
Compensation – Stock Compensation. ASU
2017
-
09
is an attempt to provide clarity and reduce both (
1
) diversity in practice and (
2
) cost and complexity when applying the guidance in Topic
718
to a change to the terms or conditions of a share-based payment award. We adopted ASU
2017
-
09
effective
January 1, 2018;
such adoption had
no
material impact on our financial statements.
 
In
June 2018,
the FASB issued Accounting Standards Update
2018
-
07,
Improvements to Nonemployee Share-Based Payment Accounting
(ASU
2018
-
07
), that expands the scope of Topic
718
to include share-based payment transactions for acquiring goods and services from nonemployees. The guidance is effective for fiscal years beginning after
December 15, 2018,
including interim reporting periods within that fiscal year. We are currently evaluating the impact of the adoption of ASU
2018
-
07
on our financial statements.
 
There have been
no
other recent accounting pronouncements or changes in accounting pronouncements during the
six
months ended
June 30, 2018,
as compared to the recent accounting pronouncements described in our Annual Report on Form
10
-K for the fiscal year ended
December 31, 2017,
which we expect to have a material impact on our financial statements.