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Recently Issued and Proposed Accounting Pronouncements
9 Months Ended
Sep. 30, 2020
Accounting Changes and Error Corrections [Abstract]  
Recently Issued and Proposed Accounting Pronouncements RECENTLY ISSUED AND PROPOSED ACCOUNTING PRONOUNCEMENTS
From time to time, new accounting pronouncements are issued by FASB or other standard setting bodies that are adopted by us as of the specified effective date.
In August 2020, the FASB issued ASU No. 2020-06, Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity (“ASU 2020-06”). This standard simplifies the accounting for certain financial instruments with characteristics of liabilities and equity, including convertible instruments and contracts in an entity’s own equity. ASU 2020-06 is effective for annual reporting periods beginning after December 15, 2021 and interim periods within those annual periods. Early adoption is permitted but no earlier than annual reporting periods beginning after December 15, 2020 and interim periods within those annual periods. We are currently evaluating the impact of adoption of ASU 2020-06 on our condensed consolidated financial statements.