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Deferred Compensation
6 Months Ended
Jun. 30, 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 June 30, 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 six months ended June 30, 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 and six months ended June 30, 2020, we paid $3,292 and $16,338, respectively, in deferred incentive compensation, which amounts were reflected as a reduction in our deferred compensation liability.