Annual report pursuant to Section 13 and 15(d)

Defined Contribution Plan

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Defined Contribution Plan
 12 Months Ended
Dec. 31, 2021
Defined Contribution Plan  
Defined Contribution Plan

10. Defined Contribution Plan

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The Company maintains a defined contribution plan covering substantially all employees. Participating employees may make contributions to the plan, through payroll deductions. Matching contributions are made by the Company equal to 50% of the employee’s contribution to the extent such employee contribution did not exceed 6% of their compensation. During the years ended December 31, 2021 and 2020, the Company expensed approximately $0.3 million, respectively, related to this plan.