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Employee Benefit Plan
9 Months Ended
Sep. 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 September 30, 2021 and 2020, the Company recorded expense of $50 and $34, respectively, and for the nine months ended September 30, 2021 and 2020, the Company recorded expense of $185 and $42, respectively, representing employer contributions under the 401(k) Plan.