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Note 9 - Retirement Plan
 12 Months Ended
Dec. 31, 2024
Notes to Financial Statements  
Retirement Benefits [Text Block]

NOTE 9 – RETIREMENT PLAN

 

The Company has a defined-contribution retirement plan (the “Retirement Plan”) that allows for a matching safe harbor contribution. For 2024, the Board of Directors elected to match participant deferred salary contributions up to a maximum of 4% of the participant’s annual compensation. Discretionary profit sharing contributions are allowed under the Retirement Plan in years that the Board does not elect a safe harbor match. During 2024, the Company contributed $116,000 to the Retirement Plan for the safe harbor match for the year ended December 31, 2024. The Company has accrued approximately $10,000 for additional safe harbor matching contribution for the year ended December 31, 2024. Also during 2024, the Company contributed $35,000 to the Retirement Plan for the safe harbor match for the year ended December 31, 2023.