Stockholders' Equity

12 Months Ended

Dec. 31, 2015

Stockholders' Equity [Abstract]

Stockholders' Equity

4.STOCKHOLDERS’ EQUITY

Employee Stock Purchase Plan:

The Company offers an Employee Stock Purchase Plan (the “ESPP”) that is open to all employees working more than 15 hours per week.  Shares of the Company’s common stock may be purchased by employees at three-month intervals at 90% of the fair market value on the last trading day of each three-month period. Employees purchased 10,869 and 8,380 shares in 2015 and 2014, respectively.  As of December 31, 2015, a total of 279,200 shares have been issued since inception out of the 350,000 shares authorized. 

KSOP:

The Company offers a KSOP Plan (the “KSOP”) that includes theEmployee Stock Ownership Plan (the “ESOP”) and the 401(k) Plan.  The KSOP allows the Company to use Company stock to match contributions from its employees should it so choose.  The KSOP is available to eligible employees who had completed six months of service.  There was no match of Company stock to the KSOP in 2015or2014.Employer contributions charged to operations for the years ended December 31, 2015 and 2014 were$195,000 and $154,000, respectively, for cash matching of employee contributions.

Stock Repurchase Plan:

On August 24, 2012, the Company announced that its Board of Directors had authorized the repurchase of up to 100,000 shares of the Company’s common stock.  No shares were repurchased in 2015 or 2014.