Note 16 - Recent Accounting Pronouncements

9 Months Ended

Sep. 30, 2018

Notes to Financial Statements

Recent Accounting Pronouncements [Text Block]

(

16

) Recent Accounting Pronouncements

In

February 2016,

the FASB issued Accounting Standards Update

No.

2016

-

02,

“Leases” which requires organizations that lease assets to recognize on the balance sheet the assets and liabilities for the rights and obligations created by those leases. The new guidance also requires additional disclosures related to leasing transactions. The standard is effective for the

first

quarter of

2019.

We have substantially completed our evaluation of the quantitative impact of the adoption of this standard and do

not

expect the standard to have a significant impact on our consolidated condensed balance sheets, statements of operations or statements of cash flows. We are still evaluating the additional required disclosures.