XML 68 R16.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 10 - Retirement Plan
12 Months Ended
Dec. 31, 2013
Accounting Policies [Abstract]  
Retirement Plan

NOTE 10 — Retirement Plan

 

The Company has a tax-deferred savings plan, the Socket Mobile, Inc. 401(k) Plan (“401(k) Plan”), for the benefit of qualified employees. The 401(k) Plan is designed to provide employees with an accumulation of funds at retirement. Qualified employees may elect to make contributions to the 401(k) Plan on a monthly basis. No contributions were made by the Company during the years ended December 31, 2013 and 2012. Administrative expenses relating to the 401(k) Plan are not significant.