In the FASB issued ASU - , which requires lessees to present right-of-use assets and lease liabilities on the balance sheet for all leases with terms longer than months. The guidance is to be applied using a modified retrospective approach at the beginning of the earliest comparative period in the financial statements and is effective for fiscal years beginning after including interim periods within those fiscal years. Early adoption is permitted. The Company is evaluating the impact the adoption of this ASU will have on our financial statements.

 

In the FASB issued ASU - which offers amended guidance to simplify the accounting for goodwill impairment by removing Step of the goodwill impairment test. A goodwill impairment will now be measured as the amount by which a reporting unit’s carrying value exceeds its fair value, limited to the amount of goodwill allocated to that reporting unit. This guidance is to be applied on a prospective basis effective for the Company’s interim and annual periods beginning after with early adoption permitted for any impairment tests performed after The Company does believe the adoption of this ASU will have a material impact on our financial statements.