Employee Benefit Plan

12 Months Ended

Dec. 31, 2018

Retirement Benefits [Abstract]

Employee Benefit Plan

Note 12 – Employee Benefit Plan

Effective January 1, 2018, the Company established a defined contribution 401(k) plan (the Plan) for all employees who are at least 21 years of age. Employees are eligible to participate in the Plan upon commencement of employment. Under the terms of the Plan, employees may make voluntary contributions as a percentage of compensation. The Plan also permits the Company to make discretionary matching contributions. In 2018, the Company made discretionary matching contributions of $0.7 million.

In 2017 and 2016, the Company participated in a professional employer organization sponsored 401(k) plan. The Company did not make any discretionary matching contributions in 2017 or 2016.