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BENEFIT PLANS
12 Months Ended
Dec. 31, 2011
BENEFIT PLANS  
BENEFIT PLANS

NOTE 7.  BENEFIT PLANS

 

Savings Plan - Effective November 1, 1995, the Company adopted a savings plan, which qualifies under Section 401(k) of the Internal Revenue Code.  Under the plan, participating employees may defer up to 15% of their pre-tax compensation, but not more than statutory limits.  Effective January 1, 2009, the Company suspended its contribution and on July 1, 2010, reinstated the contribution.  The Company’s matching contributions were approximately $221,582, $97,180 and $0 for years ended December 31, 2011, 2010 and 2009, respectively.