Annual report pursuant to Section 13 and 15(d)

Employee Benefit Plan

Employee Benefit Plan
12 Months Ended
Dec. 31, 2012
Notes to Financial Statements  
NOTE 11 - Employee Benefit Plan

The Company has an employee savings plan (the “Plan”) pursuant to Section 401(k) of the Internal Revenue Code (the “Code”), covering all of its employees. Participants in the Plan may contribute a percentage of compensation, but not in excess of the maximum allowed under the Code. The Company may make contributions at the discretion of its Board of Directors. During the years ended December 31, 2012 and 2011, the Company made no contributions to the Plan.