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RETIREMENT PLAN
12 Months Ended
Dec. 31, 2012
RETIREMENT PLAN [Abstract]  
RETIREMENT PLAN

NOTE 10 – RETIREMENT PLAN


We established a 401(k) plan for the benefit of our employees. Employees are eligible to contribute to their 401(k) accounts through payroll deductions. We implemented an employer match benefit effective January 1, 2007, where we match 50% of the employees’ 401(k) contribution up to 3% of their eligible compensation. In September of 2011 the 401(k) match was terminated. The employer match expense was approximately $69,000 in 2011. The assets of the plan are held by a third party trustee. Plan participants may direct the investment of their funds among one or more of the investment choices available to participants.