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Employee benefit plan
3 Months Ended
Mar. 31, 2013
Employee benefit plan  
Employee benefit plan

11.                               Employee benefit plan

 

In January 2012, the Company adopted a 401(k) retirement and savings plan (the “401(k) Plan”) covering all employees. The 401(k) Plan allows employees to make pre-tax contributions up to the maximum allowable amount set by the Internal Revenue Service. Under the 401(k) Plan, the Company may make discretionary contributions as approved by the board of directors. During the three months ended March 31, 2013 the Company made contributions to the 401(k) Plan of $31,000.