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Employee Benefit Plan
9 Months Ended
Sep. 30, 2020
Retirement Benefits [Abstract]  
EMPLOYEE BENEFIT PLAN

NOTE 9 – EMPLOYEE BENEFIT PLAN

 

The Company maintains a defined contribution benefit plan under section 401(k) of the Internal Revenue Code covering substantially all qualified employees of the Company (the "401(k) Plan"). Under the 401(k) Plan, the Company matches 100% up to a 4% contribution. The 401(k) Plan was implemented in June of 2020. For the three and nine months ended September 30, 2020, the Company recorded expense of $33,553 and $41,509, respectively, under the 401(k) Plan.