Note 9 - Recently Adopted Accounting Pronouncements
|3 Months Ended|
Mar. 31, 2022
|Notes to Financial Statements|
|New Adopted Accounting Pronouncements [Text Block]||
NOTE 9 – RECENTLY ADOPTED ACCOUNTING PRONOUNCEMENTS
In July 2021, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) 2021-05, Leases (Topic 842): Lessors-Certain Leases with Variable Lease Payments, which amends guidance so that lessors are no longer required to record a selling loss at lease commencement for a lease with any variable lease payments that do not depend on an index or rate. A lessor would classify such leases as an operating lease rather than a sales-type or direct financing lease. The update was effective for the Company as of January 1, 2022. The adoption of ASU 2021-05 did not have an impact on the Company’s consolidated financial statements.