Quarterly report pursuant to Section 13 or 15(d)

Deferred Compensation Plan

v3.23.1
Deferred Compensation Plan
 3 Months Ended
Mar. 31, 2023
Deferred Compensation Plan [Abstract]  
Deferred Compensation Plan
12.
Deferred Compensation Plan
 
Effective October 1st, 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 payroll-by-payroll basis. During the three months ended March 31, 2023 and 2022, the Company contributed $34,000 and $25,000 to the 401K Plan, respectively.