Note Q - Employee Benefit Plan

12 Months Ended

Dec. 31, 2020

Notes to Financial Statements

Compensation and Employee Benefit Plans [Text Block]

Q. Employee Benefit Plan

The Company has a

401

(k) retirement plan (the “

401

(k) Plan”) that covers substantially all employees. The Company

may

provide a discretionary match with a maximum amount of

4%

of the participant's compensation, which vests immediately. The Company made matching contributions under the

401

(k) Plan of

$145,000

and

$133,000

 for the years ended

December 31, 2020

and

2019

, respectively.

The Company has a discretionary profit sharing plan (the “

Profit Sharing Plan”) that covers all employees. Employees become eligible participants in the Profit Sharing Plan once they have provided

three

years of service to the Company. The Company made

no

contributions to the Profit Sharing Plan in

2020

or

2019.