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Note 3 - Significant Accounting Policies and Recent Accounting Pronouncements
9 Months Ended
Sep. 30, 2017
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, 2016
those accounting policies that we consider significant in determining our results of operations and financial position. 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
March 2016,
the
Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update
2016
-
09,
Improvements to Employee Share-Based Payment Accounting
(“ASU
2016
-
09”
), which amends Accounting Standards Codification Topic
718,
Compensation – Stock Compensation. ASU
2016
-
09
is an attempt to simplify several aspects of the accounting for stock-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. We adopted ASU
2016
-
09
effective
January 
1,
2017;
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
Compensation – Stock Compensation, to a change to the terms or conditions of a share-based payment award. ASU
2017
-
09
is effective for the Company beginning
January 
1,
2018.
We are currently evaluating the impact of the adoption of ASU
2017
-
09
on our financial statements.
 
In
July 2017,
the FASB issued Accounting Standards Update
2017
-
11,
(Part I) Accounting for Certain Financial Instruments with Down Round Features, (Part II) Replacement of the Indefinite Deferral for Mandatorily Redeemable Financial Instruments of Certain Nonpublic Entities and Certain Mandatorily Redeemable Noncontrolling Interests with a Scope Exception
(“ASU
2017
-
11”
), which amends Accounting Standards Codification Topic
260,
Earnings Per Share, Topic
480,
Distinguishing Liabilities from Equity, and Topic
815,
Derivatives and Hedging. ASU
2017
-
11
changes the classification of certain equity-linked financial instruments (or embedded features) with down round features, and clarifies existing disclosure requirements for equity-classified instruments. ASU
2017
-
11
is effective for the Company beginning
January 
1,
2019.
We are currently evaluating the impact of the adoption of ASU
2017
-
11
on our financial statements.
 
T
here have been
no
other recent accounting pronouncements or changes in accounting pronouncements during the
nine
months ended
September 30, 2017,
as compared to the recent accounting pronouncements described in our Annual Report on Form
10
-K for the fiscal year ended
December 31, 2016,
which we expect to have a material impact on our financial statements.