ASU 2014-10

The objective of the amendments in this Update is to improve financial reporting
by reducing the cost and complexity associated with the incremental reporting
requirements for development stage entities. Users of financial statements of
development stage entities told the Board that the development stage entity
distinction, the inception-to-date information, and certain other disclosures
currently required under U.S. generally accepted accounting principles (GAAP) in
the financial statements of development stage entities provide information that
has limited relevance and is generally not decision useful.