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Note 14 - Recent Accounting Pronouncements
9 Months Ended
Sep. 30, 2020
Notes to Financial Statements  
Accounting Standards Update and Change in Accounting Principle [Text Block]

Note 14 — Recent Accounting Pronouncements

 

The following table provides a brief description of recent accounting standards that have not been adopted by the Company as of September 30, 2020:

 

Standard

 

Description

 

Expected Date of Adoption

 

Effect on our Consolidated Financial Statements or Other Significant Matters

ASU 2020-06, Accounting for Convertible Instruments and Contracts in Entity's Own Equity

(Subtopic 815-40)

 

This standard requires entities to provide expanded disclosures about the terms and features of
convertible instruments. For convertible instruments, the instruments primarily affected are those issued with beneficial conversion features or cash conversion features because the accounting models for those specific features are removed. 

 

January 1, 2022

 

We are currently evaluating the effect of this standard on our Consolidated Financial Statements.