Annual report pursuant to Section 13 and 15(d)

Deferred Compensation Plan

v3.23.1
Deferred Compensation Plan
 12 Months Ended
Dec. 31, 2022
Deferred Compensation Plan [Abstract]  
Deferred Compensation Plan
13.
Deferred Compensation Plan

Effective October 1, 2021, the Company began offering a 401(k) plan (“401K Plan”) to its employees. All employees are eligible to participate in the 401K Plan. The Company makes matching contributions equal to 100% on the first 3% of compensation that is deferred as an elective deferral and an additional 50% on the next 2% of compensation. The Company’s matching contributions are made on a monthly basis. During the years ended December 31, 2022 and 2021, the Company contributed $76,000 and $15,000 to the 401K Plan, respectively.