EMPLOYEE BENEFIT PLAN

12 Months Ended

Dec. 31, 2021

EMPLOYEE BENEFIT PLAN

EMPLOYEE BENEFIT PLAN

NOTE 15 — EMPLOYEE BENEFIT PLAN

The Company has a 401(k) plan for eligible employees. The contribution for any participant may not exceed the maximum amount allowable by law. Each year, the Company may elect to match a percentage of participant contributions. The Company may also elect each year to make additional discretionary contributions to the plan. The total contributions were $774,000 and $619,000 for the years ended December 31, 2021 and 2020, respectively.