Note 12 - Defined Contribution Plan

12 Months Ended

Dec. 31, 2017

Notes to Financial Statements

Pension and Other Postretirement Benefits Disclosure [Text Block]

NOTE

1

2

–

Defined Contribution Plan

On

August 1, 1998,

the Company adopted a

401

(k) Plan for the benefit of all eligible employees. All employees as of the effective date of the

401

(k) Plan became eligible. An employee

is eligible to become a participant after

three

months of continuous service.

Participants

may

elect to contribute from their compensation any amount up to the maximum deferral allowed by the Internal Revenue Code. Employer contributions are optional. During the years ended

December 31,

201

7

and

2016,

the Company incurred administrative and audit fees totaling

$13,325

and

$14,636,

respectively.

No

discretionary employer contribution has been made for

2017

and

2016.