In the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update - “Financial Instruments (Topic ) Credit Losses”. Topic changes the impairment model for most financial assets and certain other instruments. Under the new standard, entities holding financial assets and net investment in leases that are accounted for at fair value through net income are to be presented at the net amount expected to be collected. An allowance for credit losses will be a valuation account that will be deducted from the amortized cost basis of the financial asset to present the net carrying value at the amount expected to be collected on the financial asset. Topic was originally effective as of although in the FASB delayed the effective date until fiscal years beginning after for SEC filers eligible to be smaller reporting companies under the SEC's definition. The Company qualifies as a smaller reporting company under the SEC's definition. Early adoption is permitted. The Company is currently evaluating the impact of Topic on its consolidated balance sheets, statements of operations, statements of cash flows and related disclosures.