401(k) PLAN	12 Months Ended
Dec. 31, 2016
401(k) PLAN
401(k) PLAN	16.401(k) PLAN The Company implemented an employee savings and retirement plan (the “401(k) Plan”) in 2005 that is intended to be a tax-qualified plan covering substantially all employees. Under the terms of the 401(k) Plan, employees may elect to contribute up to 88% of their compensation, or the statutory prescribed limit, if less. The Company may, at its discretion, match employee contributions. In the first quarter of 2016, the Company reinstituted a policy of matching. For 2016, the Company matched each participant’s elective deferrals up to 2% of the participant’s compensation for the pay period. The total match for 2016 was $122,369. The Company did not match contributions in 2015 or 2014.

401(k) PLAN

12 Months Ended

Dec. 31, 2016

16.401(k) PLAN

The Company implemented an employee savings and retirement plan (the “401(k) Plan”) in 2005 that is intended to be a tax-qualified plan covering substantially all employees. Under the terms of the 401(k) Plan, employees may elect to contribute up to 88% of their compensation, or the statutory prescribed limit, if less. The Company may, at its discretion, match employee contributions. In the first quarter of 2016, the Company reinstituted a policy of matching. For 2016, the Company matched each participant’s elective deferrals up to 2% of the participant’s compensation for the pay period. The total match for 2016 was $122,369. The Company did not match contributions in 2015 or 2014.