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Employee Benefit Plans | 6 Months Ended
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Jun. 30, 2024
Retirement Benefits [Abstract] |
Employee Benefit Plans | Employee Benefit Plans The Company operates a defined benefit pension plan in Switzerland (the "Plan”) and a defined contribution pension plan in the United Kingdom and Portugal, in accordance with local regulations and practices. As of June 30, 2024, the Plan covers the Company’s employees in Switzerland with benefits in the event of death, disability, retirement, or termination of employment. Components of Net Periodic Benefit Cost under the Plan
|  | Three Months Ended June 30, 2024 |  | Three Months Ended June 30, 2023 |  | Six Months Ended June 30, 2024 |  | Six Months Ended June 30, 2023
Service cost |  | $ | 68,238 |  | $ | 30,663 |  | $ | 139,355 |  | $ | 60,477
Interest cost |  | 8,047 |  | 7,657 |  | 16,436 |  | 15,102
Expected return on plan assets |  | (14,718) |  | (9,127) |  | (30,058) |  | (18,002)
Amortization of unrecognized loss |  | 2,502 |  | — |  | 5,111 |  | —
Prior service credit recognized in current year |  | (2,478) |  | — |  | (5,059) |  | —
Total Net Periodic Benefit Cost |  | $ | 61,591 |  | $ | 29,193 |  | $ | 125,785 |  | $ | 57,577
The components of net periodic benefit cost other than the service cost component are included in general and administrative expense in the Company's unaudited condensed consolidated statements of operations and comprehensive loss. Employer Contributions under the Plan For the six months ended June 30, 2024, $126,341 (CHF 111,899) of contributions were made to the Plan. The Company presently anticipates contributing an additional estimated amount of $126,341 (CHF 111,899) to fund the Plan in 2024 for a total of $252,682 (CHF 223,798).

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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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 710 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/710/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 712 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/712/tableOfContent Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 715 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/715/tableOfContent Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/718/tableOfContent + Details
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