Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Retirement Plan

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Retirement Plan
12 Months Ended
Dec. 31, 2012
Retirement Plan [Abstract]  
RETIREMENT PLAN

NOTE L – RETIREMENT PLAN

We maintain a defined-contribution 401(k) retirement plan covering substantially all employees (as defined). Our employees may make voluntary contributions to the plan, subject to limitations based on IRS regulations and compensation. In addition, we match any employees’ contributions at the rate of 50% on the dollar up to a 4% employee contribution (2% Company match) of the respective employee’s salary. We made matching contributions of approximately $220,000 and $105,000 during the years ended December 31, 2012 and 2011, respectively.