Defined Contribution Plan

12 Months Ended

Dec. 31, 2023

Defined Contribution Plan

Defined Contribution Plan

10.  Defined Contribution Plan

The Company maintains a defined contribution plan covering substantially all employees. Participating employees may make contributions to the plan, through payroll deductions. Matching contributions are made by the Company equal to 50% of the employee’s contribution to the extent such employee contribution did not exceed 8% of their compensation. During the years ended December 31, 2023 and 2022, the Company expensed approximately $0.5 million and $0.3 million, respectively, related to this plan.