Employee Benefit Plans |
12 Months Ended |
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Dec. 31, 2020 | |
| Employee Benefit Plans | |
| Employee Benefit Plans |
12. Employee Benefit Plans The Company has an employee benefit plan for its United States-based employees under Section 401(k) of the Internal Revenue Code. The Plan allows all eligible employees to make contributions up to a specified percentage of their compensation. Under the Plan, the Company may, but is not obligated to, match a portion of the employee contribution up to a defined maximum. As a result of the 401(k) plan compliance review for the year ended December 31, 2019, the Company contributed approximately $37,000 to eligible employees during the year ended December 31, 2020. The Company has accrued an estimate of approximately $26,000 for contributions likely due as a result of the 401(k) plan compliance review for the year ended December 31, 2020. The Company made no matching contributions in the years ended December 31, 2020 and 2019. |
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- Definition The entire disclosure for an entity's employee compensation and benefit plans, including, but not limited to, postemployment and postretirement benefit plans, defined benefit pension plans, defined contribution plans, non-qualified and supplemental benefit plans, deferred compensation, share-based compensation, life insurance, severance, health care, unemployment and other benefit plans. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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