Annual report pursuant to Section 13 and 15(d)

13. Employee Benefit Plans

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13. Employee Benefit Plans
12 Months Ended
Dec. 31, 2020
Retirement Benefits [Abstract]  
Employee Benefit Plans
13. Employee Benefit Plans

 

The Company has a defined contribution 401(k) savings plan (the “401(k) Plan”). The 401(k) Plan covers substantially all U.S. employees, and allows participants to defer a portion of their annual compensation on a pre-tax basis or make post-tax contributions. Company contributions to the 401(k) Plan may be made at the discretion of the Board of Directors. During the year ended December 31, 2020, the Company made contributions of approximately $27,000 to the 401(k) Plan. There were no company contributions to the 401(k) Plan during the year ended December 31, 2019.