9. EMPLOYEE BENEFIT PLAN

 

 The Company has a 401(k) profit sharing plan covering all eligible employees. Employees may contribute amounts ranging from 1% to 50% of their annual salary, up to the maximum statutory amount. The Company is not required to contribute to the plan, however, beginning January 1, 2006 the Company elected to match 25% of the first employee contributions to the plan of up to 4% of pay. For the years ended December 31, 2013 and 2012, the Company contributed $63,000 and  $67,000, respectively, and such amounts are included as an expense in the Company’s consolidated statements of operations in the associated employees’ functional department.