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Employee Benefit Plan | 3 Months Ended
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Sep. 30, 2021
Employee Benefit Plan |
Employee Benefit Plan |
| 9. | Employee Benefit Plan
On August 1, 2021, the Company began sponsoring an employee benefit plan subject to Section 401(K) of the Internal Revenue Service Code (the “401K Plan”) pursuant to which, all employees meeting eligibility requirements are able to participate. Subject to certain limitations in the Internal Revenue Code, eligible employees are permitted to make contributions to the 401K Plan on a pre-tax salary reduction basis and the Company will match 5% of the first 5% of an employee’s contributions to the 401K Plan. For the three months ended September 30, 2021, the Company made contributions of approximately $23,600.

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