Defined Contribution Plan |
12 Months Ended |
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Dec. 31, 2019 | |
Defined Contribution Plan | |
Defined Contribution Plan |
NOTE 13 - Defined Contribution Plan
In 2014, the Company adopted a qualified 401(K) plan (“the Plan”), in which all employees over the age of 21 may participate. The Company has elected to match 100% of each participant’s contribution up to 3% of salary, and 50% of the next 2% of salary contributed. The costs of matching contributions were $45,080 in 2019 and $51,415 in 2018. |
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- References No definition available.
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- Definition Defined Contribution Plan Disclosure [Text Block] No definition available.
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