Note 13 - 401(k) Plan

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Pension and Other Postretirement Benefits Disclosure [Text Block]

1

3

.

401

(k) Plan

The Company has a qualified retirement plan under section 

401

(k) of the Internal Revenue Code (“IRC”) under which participants

may

contribute up to

90%

of their eligible compensation, subject to maximum deferral limits specified by the IRC. The Company

may

make a discretionary matching contribution to the

401

(k) plan, and

may

make a discretionary employer contribution to each eligible employee each year. Eligible employees vest in the Company’s contributions over a graded

four

year schedule. To date, the Company has made

no

contributions to the

401

(k) plan.