Annual report pursuant to Section 13 and 15(d)

Note 12 - Employee Benefit Plan

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Note 12 - Employee Benefit Plan
12 Months Ended
Dec. 31, 2019
Notes to Financial Statements  
Pension and Other Postretirement Benefits Disclosure [Text Block]
12.
Employee Benefit Plan
 
We maintain a defined contribution benefit plan (the
“401
(k) Plan”) in compliance with Section 
401
(k) of the Internal Revenue Code (“IRC”), which covers those employees who meet the
401
(k) Plan’s eligibility requirements.  From
March 5, 2016
to
March 1, 2017,
the Company suspended matching contributions.  During the time periods where matching occurred, the Company’s matching contribution was
100%
of each participant’s contribution up to a maximum of
6%
of the participant’s eligible compensation, subject to limitations imposed by the IRC.  The
401
(k) Plan provides
100%
vesting in Company match contributions on a pro rata basis over
five
years of service (
20%
per year).  Our expenses relating to the
401
(k) Plan were
$2.0
million,
$2.0
million, and
$1.4
million for
2019,
2018
 and
2017,
respectively.