Annual report pursuant to Section 13 and 15(d)

Employee Defined Contribution Plan

v2.4.0.8
Employee Defined Contribution Plan
12 Months Ended
Dec. 31, 2013
Employee Defined Contribution Plan [Abstract]  
Employee Defined Contribution Plan
Note 9 – Employee Defined Contribution Plan
 
In 2004, the Company established an employee defined contribution plan. The plan requires 12 consecutive months of service and a minimum of 500 hours of service for participation. The Plan provides for employer matching of 50% of the employee contribution and discretionary contributions. Employees can contribute up to the maximum allowable under the Internal Revenue Service Code Section 401(k). The amount contributed by the Company for the years ended December 31, 2013 and 2012 was approximately $13,000 and $9,000, respectively.