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401(k) Plan
 9 Months Ended
Sep. 30, 2021
401(k) Plan  
401(k) Plan

Note 14. 401(k) Plan

The Company has a retirement and savings plan under Section of 401(k) of Internal Revenue Code (“401(k) Plan”) covering all U.S. employees. The 401(k) Plan allows employees to make pre- and post-tax contributions up to the maximum allowable amount set by the Internal Revenue Service. The Company may make contributions to this plan at its discretion. For the three and nine months ended September 30, 2021, the Company plans to match 50% of each employee’s contribution up to a maximum of $3,500, and recognized expense of approximately $0.1 million and $0.3 million, respectively, relating to these contributions. No contributions were made to the plan by the Company for the three and nine months ended September 30, 2020.