Quarterly report pursuant to Section 13 or 15(d)

Employee Benefit Plans

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Employee Benefit Plans
 6 Months Ended
Jun. 30, 2024
Retirement Benefits [Abstract]  
Employee Benefit Plans Employee Benefit Plans
The Company maintains a 401(k) plan that covers substantially all U.S. based employees and to which the Company provides a matching contribution equal to 25% of an employee's contribution up to the first 4% of the employee's eligible compensation. The matching contribution vests after 1 year of service. The Company match expense for was $67 thousand and $38 thousand during the three months ended June 30, 2024 and 2023, respectively, and $126 thousand and $90 thousand during the six months ended June 30, 2024 and 2023, respectively.
For employees in Bangladesh and India, the Company provides post-employment benefit plans as required by local requirements. Under these plans, employees are entitled to receive a cash benefit upon leaving the Company after completion of a minimum of five years of service with the Company. The cash benefit is based on the number of years the employee has worked for the Company. The expense for these benefit plans was $107 thousand and $77 thousand during the three months ended June 30, 2024 and 2023, respectively, and $234 thousand and $201 thousand during the six months ended June 30, 2024 and 2023, respectively. The Company has accrued an aggregate of $361 thousand and $421 thousand in other liabilities in the accompanying condensed consolidated balance sheet as of June 30, 2024 and December 31, 2023, respectively for these benefit plans.