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NEW ACCOUNTING PRONOUNCEMENTS
6 Months Ended
Jun. 30, 2020
NEW ACCOUNTING PRONOUNCEMENTS  
NOTE 2 - NEW ACCOUNTING PRONOUNCEMENTS

NOTE 2 - NEW ACCOUNTING PRONOUNCEMENTS:

 

Recently Adopted Accounting Pronouncements

 

Compensation Stock Compensation — In June 2018, the FASB issued ASU 2018-07, Compensation – Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting. ASU 2018-07 allows companies to account for nonemployee awards in the same manner as employee awards. The guidance is effective for fiscal years beginning after December 15, 2018, and interim periods within those annual periods. The Company adopted this ASU on January 1, 2019. The adoption of ASU 2018-07 did not have a material impact on the Company’s financial position, results of operations or cash flows.