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Note 9 - Retirement Plan
12 Months Ended
Dec. 31, 2016
Pension and Other Postretirement and Postemployment Benefit Plans, Liabilities, Noncurrent [Abstract]  
Retirement Plan

NOTE 9 — 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, 2016 and 2015. Administrative expenses relating to the 401(k) Plan are not significant.