Quarterly report pursuant to Section 13 or 15(d)

Employee Benefit Plan

v3.21.2
Employee Benefit Plan
9 Months Ended
Sep. 30, 2021
Retirement Benefits [Abstract]  
Employee Benefit Plan

12. Employee Benefit Plan

 

The Company has a 401(k) plan to provide defined contribution retirement benefits for all eligible employees. Participants may contribute a portion of their compensation to the 401(k) plan, subject to the limitations under the Internal Revenue Code. The Company’s contributions to the 401(k) plan are at the discretion of the Board of Directors. During the three months ended September 30, 2021, and 2020 the Company made contributions of $25,000 and $17,000, respectively, and $80,000 and $63,000 for the nine months ended September 30, 2021, and 2020, respectively, to the 401(k) plan.