Note 12 - Retirement Savings Plans

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Pension and Other Postretirement Benefits Disclosure [Text Block]

NOTE

12

– RETIREMENT SAVINGS PLANS

The Company has 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. During

2019

and

2018,

the Company matched

100%

,

of the employee’s contribution up to

4.0%

of their earnings. The employer contribution was

$110,714

and

$51,647

in

2019

and

2018,

respectively. There were

no

discretionary contributions to the plan in

2019

and

2018.