Note 14 - Impact of Recently Issued Accounting Standards Not yet Adopted

3 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Description of New Accounting Pronouncements Not yet Adopted [Text Block]

NOTE

1

4

: IMPACT OF RECENTLY ISSUED ACCOUNTING STANDARDS

NOT

YET ADOPTED

In

January 2016,

the FASB issued ASU

2016

-

13,

“Financial Instruments – Credit Losses on Financial Instruments,” which requires that expected credit losses relating to financial assets be measured on an amortized cost basis and available-for-sale debt securities be recorded through an allowance for credit losses. ASU

2016

-

13

limits the amount of credit losses to be recognized for available-for-sale debt securities to the amount by which carrying value exceeds fair value and also requires the reversal of previously recognized credit losses if fair value increases. The new standard will be effective for interim and annual periods beginning after

January 1, 2020,

and early adoption is permitted. The Company is currently evaluating whether to early adopt this standard and the potential effect of such adoption on its consolidated financial statements.