Quicksilver Resources Inc. (fka KWKAQ)

[DocLevi]

Besides the derivative problems for sure by end of 2015, this could be why they are getting consultants

In May 2014, the FASB issued accounting guidance, “Revenue from Contracts with Customers,” requiring an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The updated standard will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective and permits the use of either the retrospective or cumulative effect transition method. Early adoption is not permitted. The updated standard becomes effective for us in the first quarter of 2017. We have not yet selected a transition method and we are currently evaluating the effect, if any, that the updated standard will have on our consolidated financial statements and related disclosures. http://www.contexxia.com/a/organization/kwk