XML 30 R19.htm IDEA: XBRL DOCUMENT v3.22.2.2
Employee Benefit Plan
 3 Months Ended
Sep. 30, 2022
Employee Benefit Plan  
Employee Benefit Plan

 

12. 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, 2022 and 2021, the Company made contributions of approximately $45,479 and $23,613, respectively.