Recent Accounting Pronouncement

6 Months Ended

Jun. 30, 2015

Accounting Policies [Abstract]

Recent Accounting Pronouncement

3. RECENT ACCOUNTING PRONOUNCEMENT

In January 2015, the Financial Accounting Standards Board issued Accounting Standards Update 2015-01, Income Statement - Extraordinary and Unusual Items (“ASU 2015-01”), as part of its initiative to reduce complexity in accounting standards. ASU 2015-01 eliminates the concept of extraordinary items from generally accepted accounting principles. The amendments in the update are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted if the guidance is applied from the beginning of the fiscal year of adoption. As permitted, the Company adopted the provisions of ASU 2015-01 effective January 1, 2015.