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RETIREMENT SAVINGS PLANS
12 Months Ended
Dec. 31, 2012
Compensation and Retirement Disclosure [Abstract]  
Pension and Other Postretirement Benefits Disclosure [Text Block]

NOTE 10 – RETIREMENT SAVINGS PLANS

 

We have a pre-tax salary reduction/profit-sharing plan under the provisions of Section 401(k) of the Internal Revenue Code, which covers employees meeting certain eligibility requirements. In fiscal 2012, its inception year, we matched 100%, of the employee’s contribution up to 4.0% of their earnings. The employer contribution was $1,654 for fiscal 2012. There were no discretionary contributions to the plan in fiscal 2012.