Note 16 - Employee Benefit Plan

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

Compensation and Employee Benefit Plans [Text Block]

Note

16.

Employee Benefit Plan

In

October

2010,

the Company established a safe harbor

401(k)

plan, which is available to full-time office employees who meet the plan’s eligibility requirements. The plan allows participants to contribute to the plan a percentage of pre-tax compensation, but not in excess of the maximum allowed under the Internal Revenue Code. The Company is matching contributions amounting to

100%

of the

first

3%

and

50%

of the next

2%

of each employee’s salary.  The matching contribution vests immediately.  The total matching contribution paid by the Company and included in general and administrative expenses for the years ended

December

31,

2016

and

2015

and for the period between

October

16,

2014

and

December

31,

2014

for the Successor was

$167,778,

$212,223

and

$43,333,

respectively. The matching contribution paid by the Company and included in general and administrative expenses for the period between

January

1,

2014

and

October

15,

2014

for the Predecessor was

$157,078.

The Company has a discretionary profit sharing contribution program under which employees

may

receive profit sharing contributions based on the Company’s annual operating performance.  For the years ended

December

31,

2016,

2015

and

2014,

the Company did not make a profit sharing contribution.