Annual report pursuant to Section 13 and 15(d)

Employee Benefit Plan

v2.4.0.6
Employee Benefit Plan
12 Months Ended
Dec. 31, 2011
Employee Benefit Plan [Text Block]
12.
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, 2011 and 2010, the Company made no contributions to the Plan.