Quarterly report pursuant to Section 13 or 15(d)

Recent Accounting Pronouncements (Tables)

v3.19.2
Recent Accounting Pronouncements (Tables)
6 Months Ended
Jun. 30, 2019
Accounting Policies [Abstract]  
Cumulative Effect of Changes Made to the Consolidated Balance Sheets
In accordance with ASC 842 transition disclosure requirements, the cumulative effect of changes made to the Consolidated Balance Sheets as of January 1, 2019 for the adoption of ASC 842 were as follows:
Balance Sheet
 
Balance at December 31, 2018
 
Adjustments Due to ASC 842
 
Balance at
January 1, 2019
Assets
 
 
 
 
 
 
Prepaid expenses and other assets
 
$
668,584

 
$
74,534

 
$
743,118

Liabilities
 
 
 
 
 
 
Accounts payable and other accrued liabilities
 
3,493,490

 
74,534

 
3,568,024

Equity
 
 
 
 
 
 
Retained earnings
 
9,147,701

 

 
9,147,701