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Note 2 - Recently Issued Accounting Standards
6 Months Ended
Jun. 30, 2019
Notes to Financial Statements  
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]
NOTE
2
- RECENTLY ISSUED ACCOUNTING STANDARDS
 
The Company considers the applicability and impact of all Accounting Standard Updates (“ASUs”). ASUs
not
listed below were assessed and determined either to be
not
applicable or are expected to have minimal impact on the Company’s Consolidated Financial Statements.
 
Recently Adopted Accounting Standards
 
In
February 2016,
the FASB issued ASU
2016
-
02,
“Leases (Topic
842
),” which requires lessees to recognize assets and liabilities on the balance sheet for the rights and obligations created by all leases with a term of more than
one
year. Accounting by lessors remains similar to pre-existing U.S. GAAP. Subsequent accounting standards updates have been issued, which amend and/or clarify the application of ASU
2016
-
02.
The Company adopted Topic
842
effective
January 1, 2019.
See Note
9,
Leases for further details.