401(k) PLAN	12 Months Ended
Dec. 31, 2017
401(k) PLAN
401(k) PLAN	15. 401(k) PLAN The Company implemented an employee savings and retirement plan (the “401(k) Plan”) in 2005 that is intended to be a tax-qualified plan covering substantially all employees. The 401(k) Plan is available to all employees on the first day of the month after 90 days of service. Under the terms of the 401(k) Plan, employees may elect to contribute up to 88% of their compensation, or the statutory prescribed limit, if less. The Company may, at its discretion, match employee contributions. In the first quarter of 2016, the Company reinstituted a policy of matching. For 2016 and 2017, the Company matched each participant’s elective deferrals up to 2% of the participant’s compensation for the pay period. The total match was $122,369 in 2016 and $145,474 in 2017. The Company did not match contributions in 2015.

15. 401(k) PLAN

The Company implemented an employee savings and retirement plan (the “401(k) Plan”) in 2005 that is intended to be a tax-qualified plan covering substantially all employees. The 401(k) Plan is available to all employees on the first day of the month after 90 days of service. Under the terms of the 401(k) Plan, employees may elect to contribute up to 88% of their compensation, or the statutory prescribed limit, if less. The Company may, at its discretion, match employee contributions. In the first quarter of 2016, the Company reinstituted a policy of matching. For 2016 and 2017, the Company matched each participant’s elective deferrals up to 2% of the participant’s compensation for the pay period. The total match was $122,369 in 2016 and $145,474 in 2017. The Company did not match contributions in 2015.