Quarterly report pursuant to Section 13 or 15(d)

Note 10

v3.7.0.1
Note 10
3 Months Ended
Mar. 31, 2017
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 a right of use asset and lease liability on the balance sheet for all leases, with the exception of short-term leases. The new guidance will also require significant disclosures about the amount, timing, and uncertainty of cash flows from 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.