Annual report pursuant to Section 13 and 15(d)

Note 10 - Accrued Expenses

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Note 10 - Accrued Expenses
 12 Months Ended
Dec. 31, 2015
Notes to Financial Statements  
Accounts Payable and Accrued Liabilities Disclosure [Text Block]
NOT
E 10
ACCRUED EXPENSES
 
Accrued expenses at December 31 include the following (in thousands):
 
   
2015
    
2014
  
Salaries and employee benefits
   $ 2,822     $ 2,935  
Accrued sales, property and other tax
     202       410  
Interest payable
     9       22  
Insurance payable
     833       546  
Other
     475       627  
Total accrued expenses
   $ 4,341     $ 4,540  
 
The Company has an individual Management Incentive Plan (“MIP”) for each of our CEO, Chief Financial Officer (“CFO”) and COO, which awards cash compensation based on achievement of certain performance targets for fiscal year 2015. A total of approximately $214,000 (included in “salaries and employee benefits”) was accrued under the three MIPs for 2015. Such amounts are expected to be paid during the second quarter of 2016. No performance incentive payments were made under any of the MIPs in 2014.