Note 14 - Employee Benefit Plans

12 Months Ended

Dec. 31, 2024

Notes to Financial Statements

Retirement Benefits [Text Block]

14.     EMPLOYEE BENEFIT PLANS 

The Company has a 401(k) Savings and Retirement Plans covering all full-time employees. Company contributions for each of these plans, including matching of employee contributions, are at the Company's discretion.

For the years ended December 31, 2024 and 2023, the Company made matching contributions to the plans in the amount of $479,876 and $389,179 respectively. Komtek Forge makes pension contributions to the United Steelworkers pension fund on behalf of its employees. For the years ended December 31, 2024 and December 31, 2023, these contributions amounted to $71,537 and $66,362 respectively. The Company does not provide any other postretirement benefits to its employees.