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RETIREMENT PLAN	12 Months Ended
Dec. 31, 2022
Retirement Plan
RETIREMENT PLAN	11. RETIREMENT PLAN The Company has a defined contribution 401(k) plan that covers all employees who meet certain age and length of service requirements and allows an employer contribution of up to 50% of the first 3% of each participating employee’s eligible compensation contributed to the plan and 50% of the next two percent of each participating employee’s eligible compensation. Participants are 100% vested in these matching contributions when they are made. Eligible employees may elect to defer pre-tax contributions regulated under Section 401(k) of the Internal Revenue Code. Employer matching expense was $165,953 and $205,146 for the years ended December 31, 2022 and 2021, respectively.

RETIREMENT PLAN

12 Months Ended

Dec. 31, 2022

11. RETIREMENT PLAN

The Company has a defined contribution 401(k) plan that covers all employees who meet certain age and length of service requirements and allows an employer contribution of up to 50% of the first 3% of each participating employee’s eligible compensation contributed to the plan and 50% of the next two percent of each participating employee’s eligible compensation. Participants are 100% vested in these matching contributions when they are made. Eligible employees may elect to defer pre-tax contributions regulated under Section 401(k) of the Internal Revenue Code. Employer matching expense was $165,953 and $205,146 for the years ended December 31, 2022 and 2021, respectively.