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EMPLOYEE RETIREMENT PLAN
12 Months Ended
Dec. 31, 2017
Compensation and Retirement Disclosure [Abstract]  
Employee Retirement Plan

NOTE 5 - EMPLOYEE RETIREMENT PLAN

 

The Company maintains a defined contribution retirement plan under Section 401(k) of the Internal Revenue Code which covers substantially all employees. Eligible employees may contribute up to 100.0% of their annual salary up to the IRS limits. Under the plan, the Company matches 25.0% of each eligible employee’s voluntary contribution up to 6.0% of their gross salary. The Company also offers an additional discretionary match for eligible employees who contribute 7.0% - 10.0% of their weekly wages. In an effort to decrease expenses, the Company suspended the employee match under the plan for an undetermined period of time effective March 1, 2014. There was no expense under the plan for the years ended December 31, 2017 and 2016.