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Other Postretirement Benefit Plan
 3 Months Ended
Mar. 31, 2025
Other Postretirement Benefit Plan [Abstract]  
OTHER POSTRETIREMENT BENEFIT PLAN

NOTE 9 - OTHER POSTRETIREMENT BENEFIT PLAN

 

Relmada participates in a multiemployer 401(k) plan that permits eligible employees to contribute funds on a pretax basis subject to maximum allowed under federal tax provisions. The Company matches 100% of the first 3% of employee contributions, plus 50% of employee contributions that exceed 3% but do not exceed 5%.

 

The employees choose an amount from various investment options for both their contributions and the Company’s matching contribution. The Company’s contribution expense was $47,700 and $35,000 for the three months ended March 31, 2025 and 2024, respectively.