Other Postretirement Benefit Plan

12 Months Ended

Dec. 31, 2022

Retirement Benefits [Abstract]

OTHER POSTRETIREMENT BENEFIT PLAN

NOTE 9–- OTHER POSTRETIREMENT BENEFIT PLAN

Relmada participates in a multiemployer 401(k) plan that permits eligible employees to contribute funds on a pretax basis subject to maximum allowed under federal tax provisions. The Company matches 100% of the first 3% of employee contributions, plus 50% of employee contributions that exceed 3% but do not exceed 5%.

The employees choose an amount from various investment options for both their contributions and the Company’s matching contribution. The Company’s contribution expense was $105,216 and $112,910 for the years ended December 31, 2022 and 2021, respectively.