XML 53 R19.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Defined Contribution Plan
12 Months Ended
Sep. 30, 2019
Defined Contribution Plan [Abstract]  
DEFINED CONTRIBUTION PLAN

NOTE 13 - DEFINED CONTRIBUTION PLAN

 

In August 2016, Drone established a qualified 401(k) plan with a discretionary employer matching provision. All employees who are at least twenty-one years of age and no minimum service requirement are eligible to participate in the plan. The plan allows participants to defer up to 90% of their annual compensation, up to statutory limits. Employer contributions charged to operations for the years ended September 30, 2019 and 2018, was $0 and $0, respectively.

 

The Company's subsidiary, Howco, is the sponsor of a qualified 401(k) plan with a safe harbor provision. All employees are eligible to enter the plan within one year of the commencement of employment. Employer contributions charged to expense for the years ended September 30, 2019 and 2018, was $30,683 and $2,080, respectively.