Note 15 - Benefit Plan

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Pension and Other Postretirement Benefits Disclosure [Text Block]

NOTE 

15.

  Benefit Plan

The Company provides a tax-qualified employee savings and retirement plan commonly known as a

401

(k) plan (the “Plan”), which covers the Company’s eligible employees. Pursuant to the Plan, employees

may

elect to defer their current compensation up to the IRS annual contribution limit of 

$19,000

 for calendar year 

2019,

up from

$18,500

for

2018.

Employees age

50

or over

may

elect to contribute an additional 

$6,000

annually.

Employees direct their contributions, which vest immediately, across a series of mutual funds. In the years ended

December 31, 2019

and

2018,

the Company matched employee contributions up to

3%

of each employee’s eligible earnings, vesting immediately. The Company’s matching contributions totaled

$140,000

and

$124,000

in the years ended

December 31, 2019

and

2018,

respectively. The costs of administering the Plan totaled

$14,000

and

$9,000

in the years ended

December 31, 2019

and

2018,

respectively.