Note 10 - Employee Benefit Plan

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Compensation and Employee Benefit Plans [Text Block]

NOTE

10

–

Employee Benefit Plan

The Company maintains a

401K

Plan which covers all employees of the Company (the

“401K

Plan”). Effective

January 1, 2020,

the Company switched to a Safe Harbor

401K

plan. The Safe Harbor

401K

Plan stipulates that, going forward, all employees become vested

100%

on day one. Employer contributions prior to the change vest over a

five

-year period on a

20%

per year basis. The Company’s Safe Harbor

401K

Plan provides that the Company match each participant's contribution at

100%

up to

4%

of the employee’s deferral. The employer match prior to the change was

50%

up to

6%

of the employee’s deferral. Company contributions to the

401K

Plan totaled approximately

$31,000

and

$30,000

for the years ended

December 31, 2019

and

2018,

respectively.