401(K) Plan

12 Months Ended

Dec. 31, 2022

401(K) Plan [Abstract]

401(K) Plan

19. 401(K) Plan

The Company has established a 401(k) plan in January 2022 that qualifies as a deferred compensation arrangement under Section 401 of the Internal Revenue Code. All U.S. employees that complete two months of service with the Company are eligible to participate in the plan. The Company did not make any employer contributions to this plan as of December 31, 2022 except for one subsidiary. Exceptional matched the 401K plan contributions amounting to $226,260 for the year ended December 31, 2022.