Significant Accounting Policies (Policies)

3 Months Ended

Mar. 31, 2020

Accounting Policies [Abstract]

New Accounting Pronouncements, Policy [Policy Text Block]

Impact of Recently Issued Accounting Pronouncements

In

June 2016,

the Financial Accounting Standards Board issued Accounting Standards Update (ASU)

No.

2016

-

13,

“Financial Instruments-Credit Losses (Topic

326

)”, which requires the measurement and recognition of expected credit losses for financial assets held at amortized cost. The ASU replaces the existing incurred loss impairment model with a forward-looking expected credit loss model which will result in earlier recognition of credit losses. The adoption of this ASU did

not

have a material impact on the Company’s Consolidated Financial Statements.