Note 10 - Benefit Plans

3 Months Ended

Mar. 31, 2020

Notes to Financial Statements

Compensation and Employee Benefit Plans [Text Block]

NOTE

10.

BENEFIT PLANS

The Company has established a

401

(k) plan (the

“401

(k) Plan”) for its employees. The

401

(k) Plan allows employees to contribute a portion of their earnings, and the Company

may

match a percentage of the contributions on a discretionary basis. The expense associated with the

401

(k) Plan for the

three

months ended

March 31, 2020

and

2019

, was 

$

0.4

million. In

April 2020,

the Company temporarily suspended 

401

(k) matching contributions.

On

April 

28,

2014,

the board of directors of the Company approved the

2014

Long-Term Incentive Plan (“LTIP”). Under the LTIP, the Company is authorized to grant nonqualified stock options, rights to purchase shares of common stock, restricted stock, restricted stock units and other awards to be settled in, or based upon, shares of common stock to persons who are directors and employees of and consultants to the Company or any of its subsidiaries on the date of the grant. The LTIP will terminate

ten

years after approval by the board. Subject to adjustments in connection with certain changes in capitalization, the maximum number of shares of common stock that

may

be delivered pursuant to awards under the LTIP is

2,253,735

after giving effect to the 

1.5543

 - for -

1

stock split consummated on

January 30, 2018

in connection with our initial public offering.  As of

March 31, 2020

, approximately

423,268

 shares remain available for issuance; however, the Company will

not

issue additional awards under this plan.

On

January 16, 2018,

our board adopted and our stockholders approved the

2018

Omnibus Incentive Plan (the “Omnibus Incentive Plan”) pursuant to which equity-based and cash incentives

may

be granted to participating employees, directors and consultants. The Omnibus Incentive Plan provides for an aggregate of 

1,607,389

shares of our common stock. As of

March 31, 2020

,

479,830

shares remain available for issuance.