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Note 6 - Employee Benefit and Savings Plan
12 Months Ended
Dec. 31, 2014
Compensation and Retirement Disclosure [Abstract]  
Pension and Other Postretirement Benefits Disclosure [Text Block]

6. EMPLOYEE BENEFIT AND SAVINGS PLANS


We have a 401(k) plan to provide retirement benefits for our employees. As allowed under Section 401(k) of the Internal Revenue Code, the plan provides tax-deferred salary contributions for eligible employees and allows employees to contribute a percentage of their annual compensation to the plan on a pretax basis. Employee contributions are limited to a maximum annual amount as set periodically by the Internal Revenue Code. In 2014, 2013, and 2012, we matched 100% of the pretax employee contributions on the first 3% of eligible earnings and 50% of the pretax employee contributions on the next 2% of eligible earnings that are contributed by employees.


Year Ended December 31,

 

Maximum Matching

Contribution per Participant*

   

Total Matching

Contribution

 

2014

  $ 10,400     $ 286,224  

2013

  $ 10,200     $ 301,434  

2012

  $ 7,500     $ 308,567  

* Due to the annual limit on eligible earnings imposed by the Internal Revenue Code


The plan allows employees who meet the age requirements and reach the plan contribution limits to make a catch-up contribution. The catch-up contributions are not eligible for matching contributions. In addition, the plan provides for discretionary matching contributions as determined by the Board of Directors. There were no discretionary matching contributions made in 2014, 2013, or 2012.


We currently offer no postretirement or postemployment benefits to our employees.