Quarterly report pursuant to Section 13 or 15(d)

Note 10

v3.5.0.2
Note 10
 6 Months Ended
Jun. 30, 2016
Notes to Financial Statements  
Commitments and Contingencies Disclosure [Text Block]
(10)
In February 2016, the FASB issued ASU No. 2016-02, “
Leases (Topic 842)”
(“ASU 2016-02”). This ASU requires lessees to recognize on the balance sheet, the assets and liabilities arising from leases with terms of more than twelve months. This ASU also requires both qualitative and quantitative disclosures sufficient to enable investors and other users of the financial statements to assess the amount, timing and uncertainty of cash flows arising from these leases. This standard is effective for fiscal years beginning after December 15, 2018, including interim periods within that reporting period. The Trust is currently evaluating the new guidance to determine the impact it will have on our financial statements.