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Employee Benefit Plan
6 Months Ended
Jun. 30, 2021
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 months ended June 30, 2021 and 2020, the Company recorded expense of $58 and $8, respectively, and for the six months ended June 30, 2021 and 2020, the Company recorded expense of $135 and $8, respectively, representing employer contributions under the 401(k) Plan.