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Note 12 - Employee Benefit Plan
12 Months Ended
Dec. 31, 2020
Notes to Financial Statements  
Compensation and Employee Benefit Plans [Text Block]

NOTE 12 – EMPLOYEE BENEFIT PLAN

 

Profit Sharing Plan/401(k) Plan. The Company has a defined contribution plan (“profit sharing plan”) covering all of its eligible employees. Employees are eligible to participate in the profit sharing plan after attainment of age 21 and completion of one year of service. The Company provides a match of $0.50 on each $1.00 of contribution up to 6% of eligible compensation beginning April 1, 2007. The Company may also contribute an additional amount annually at the discretion of the Board of Directors. Contributions totaling $331,000 and $323,000 were made for the years ended December 31, 2020 and 2019, respectively.