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RETIREMENT PLANS
12 Months Ended
Dec. 31, 2019
Retirement Benefits [Abstract]  
RETIREMENT PLANS [Text Block]

NOTE 12 - RETIREMENT PLANS

Effective January 1, 2019, the Company implemented a retirement plan under the provisions of Section 401(k) of the Internal Revenue Code for the benefit of the Company’s U.S. based employees. Effective June 1, 2019, the Company implemented a provident fund for the benefit of the Company’s permanent South African based employees.

The Company contributes a minimum of 4% on behalf of the Company’s U.S. based employees to the retirement plan and employees have the discretion to contribute to the retirement plan. The Company contributes a minimum of 4.5% on behalf of the Company’s S.A. based employees to the provident fund on a salary sacrifice basis. The Company contributed $24,370 and $23,770 on behalf of the Company’s U.S. based employees to the retirement plan and the Company’s South African based employees respectively, during the 2019 period.