Deferred Compensation Plan |
3 Months Ended | ||
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Mar. 31, 2024 | |||
Deferred Compensation Plan [Abstract] | |||
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, 2024 and 2023, the Company contributed $58,000 and $34,000 to the 401K Plan, respectively.
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