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401(k) PROFIT-SHARING PLAN
6 Months Ended
Jun. 30, 2023
Retirement Benefits [Abstract]  
401(k) PROFIT-SHARING PLAN

NOTE 7 - 401(k) PROFIT-SHARING PLAN

 

The Company sponsors a qualified profit-sharing plan with a 401(k) feature that covers all eligible employees. Participation in the 401(k) feature of the plan is voluntary. Participating employees may defer up to 100% of their compensation up to the maximum prescribed by the Internal Revenue Code. The plan permits for employee elective deferrals but has no contribution requirements for the Company. During the three and six month periods ended June 30, 2023 and 2022, no employer contributions were made.