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Note 15 - Recent Accounting Pronouncements
12 Months Ended
Dec. 31, 2020
Notes to Financial Statements  
Accounting Standards Update and Change in Accounting Principle [Text Block]

Note 15 — Recent Accounting Pronouncements 

 

The following table provides a brief description of recent accounting standards that have not been adopted by the Company during the reporting period:

 

Standard

 

Description

 

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.