Annual report pursuant to Section 13 and 15(d)

Retirement Plan

v3.3.1.900
Retirement Plan
12 Months Ended
Dec. 31, 2015
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, 2015 and 2014 were $24,634 and $34,488, respectively.