|12 Months Ended|
Dec. 31, 2019
Note 9 — Subsequent Events
On March 11, 2020, the World Health Organization declared the outbreak of a novel coronavirus (COVID-19) as a global pandemic, which continues to spread throughout the United States and around the world. To date, the Company has not experienced any significant changes in its business that would have a signification negative impact on its statements of position, operations or cash flows. Management believes any disruption, when and if experienced, would be temporary, however, there is uncertainty around when any disruption might occur, the potential impact. As a result, the Company is unable to estimate the potential impact on its business as of the date of issuance of these financial statements.
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef