Annual report pursuant to Section 13 and 15(d)

Employee Benefit Plan

v3.3.1.900
Employee Benefit Plan
12 Months Ended
Dec. 31, 2015
Compensation And Retirement Disclosure [Abstract]  
Employee Benefit Plan

NOTE 11—EMPLOYEE BENEFIT PLAN

In November 2002, the Company implemented a 401(k) plan to provide a retirement savings program for the employees of the Company. The 401(k) plan is maintained for the exclusive purpose of benefiting the 401(k) plan participants. The 401(k) plan is intended to operate in accordance with all applicable state and federal laws and regulations and, to the extent applicable, the provisions of Department of Labor regulations issued pursuant to ERISA Section 404(c). As of December 31, 2015, the Company has not made any contributions to the 401(k) plan.