Annual report pursuant to Section 13 and 15(d)

Retirement Plan

Retirement Plan
12 Months Ended
Dec. 31, 2016
Compensation and Retirement Disclosure [Abstract]  
Retirement Plan

11. Retirement Plan

In January 2004, the Company established a defined contribution Simple Individual Retirement Arrangement plan, replacing the previous plan that had been established in 2001. The new plan covers all employees and provides for a Company match of up to 3% of all employee compensation to the plan. Total matching contributions made by the Company for the years ended December 31, 2016 and 2015 were $33,237 and $24,634, respectively.