Employee Benefit Plan

9 Months Ended

Sep. 30, 2023

Retirement Benefits [Abstract]

Employee Benefit Plan

(15) Employee Benefit Plan

The Company sponsors a defined contribution retirement plan. All the Company’s employees are eligible to be enrolled in the employer-sponsored contributory retirement savings plan, which include features under Section 401(k) of the Internal Revenue Code of 1986, as amended, and provides for Company matching contributions. The Company’s contributions to the plan are determined by its Board of Directors, subject to certain minimum requirements specified in the plan. The Company has historically made matching contributions of 100% on 3% of the employee contributions, with an additional 50% match on the next 2% of employee contributions. The Company made contributions of approximately $71 thousand and $91 thousand, respectively, during the three months ended September 30, 2023 and 2022, and approximately $211 thousand and $350 thousand, respectively, during the nine months ended September 30, 2023 and 2022.