Annual report pursuant to Section 13 and 15(d)

Benefit Plans

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Benefit Plans
12 Months Ended
Dec. 31, 2015
Benefit Plans
13 Benefit Plans:

The Company has established a profit sharing plan that permits participants to make contributions by salary reduction pursuant to Section 401(k) of the Internal Revenue Code of 1986, as amended. On November 1, 2008, the Company elected to cease matching contributions. The Company elected to reinstate the matching contribution during 2013. During 2015, 2014 and 2013, the Company had $166,000, $120,000 and $39,000, respectively, in expenses related to this plan.