Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2020

Employee Benefit Plans

Schedule of amounts recognized in the balances sheets

	December 31,		December 31,
	2020		2019
Long-term liabilities - retirement benefits and other	$	2,529,000	$	2,126,000
Accumulated other comprehensive loss,  before income taxes:
Net actuarial loss	$	1,716,000	$	1,419,000

Schedule of beginning and ending balances of accumulated postretirement benefit obligations

	December 31,		December 31,
	2020		2019
Accumulated postretirement benefit obligations at the beginning of the year	$	2,126,000	$	1,730,000
Service Cost		38,000		30,000
Interest Cost		70,000		71,000
Actuarial loss		357,000		390,000
Benefits paid		(62,000)		(95,000)
Accumulated postretirement benefit obligations at the end of the year	$	2,529,000	$	2,126,000

Schedule of financial information for this Plan

	December 31,		December 31,
	2020		2019
Pension cost	$	168,000	$	144,000
Company contribution and benefits paid	$	62,000	$	95,000

Schedule of assumptions used as of and for the years

	December 31,		December 31,
	2020		2019
Discount rate used in determining
Benefit obligation	2.625	%	3.375	%
Pension cost	3.375	%	4.250	%

Schedule of one-percentage-point increase and a one-percentage-point decrease in the assumed health care cost trend rates on the aggregate of the service and interest cost components of net periodic postretirement health care benefit costs and the accumulated postretirement benefit obligation for health care benefits

	December 31,		December 31,
	2020		2019
Effect of 1% increase in health care trend rates:
Benefit obligation	$	465,000	$	399,000
Aggregate of service and interest cost	$	28,000	$	26,000
Effect of 1% decrease of health care trend rates:
Benefit obligation	$	(356,000)	$	(305,000)
Aggregate of service and interest cost	$	(20,000)	$	(19,000)

Schedule of benefit payments

Years ending December 31,
2022	$	69,000
2023		71,000
2024		73,000
2025		75,000
2026 - 2030	$	403,000