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Deferred Compensation
3 Months Ended
Mar. 31, 2021
Compensation Related Costs [Abstract]  
Deferred Compensation
11. Deferred Compensation

 

Pursuant to an employment agreement, we have accrued incentive compensation totaling $100,828 in cash as of March 31, 2021 and December 31, 2020 for one of our founders. We deferred these payment obligations until we reasonably believe we have sufficient cash to make those payments in cash. We made no deferred incentive compensation payments during the three months ended March 31, 2021. Following the retirement of founder A. Michael Chretien on December 8, 2017, we made bi-weekly payments until his deferred compensation had been fully paid, which occurred in May 2020. During the three months ended March 31, 2020, we paid $13,046 in deferred incentive compensation, which amount was reflected as a reduction in our deferred compensation liability.