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RETIREMENT PLAN
9 Months Ended
Sep. 30, 2016
Compensation and Retirement Disclosure [Abstract]  
RETIREMENT PLAN

NOTE 9 – RETIREMENT PLAN

 

The Company established a 401(k) retirement plan covering all eligible employees beginning November 15, 2013. A contribution of $15,000 was charged to expense and accrued for the nine months ending September 30, 2016 to all eligible non-executive participants. A contribution of $5,000 was charged to expense and accrued for the three months ending September 30, 2016 to all eligible non-executive participants. There were no contributions charged to expense in 2015.