Employee 401(k) Plan |
6 Months Ended |
|---|---|
Jun. 30, 2025 | |
| Employee 401(k) Plan [Abstract] | |
| EMPLOYEE 401(k) PLAN | 17 - EMPLOYEE 401(k) PLAN
The Company sponsors a 401(k) plan (the “Plan”) to provide retirement benefits for its employees.
As allowed under Section 401(k) of the Internal Revenue Code, the Plan provides for tax-deferred salary contributions and after-tax contributions for eligible employees. The Plan provides for tax-deferred salary contributions and after-tax contributions for eligible employees. Employee contributions are limited to a maximum annual amount as set periodically by the Internal Revenue Code. The Company matches pretax and Roth employee contributions up to 4% of eligible earnings that are contributed by employees. All matching contributions vest immediately. The Company’s matching contributions to the Plan for the six months ended June 30, 2025 and 2024, totaled $37,240 and $77,697, respectively. A total of $202,050 is reflected in accrued expenses in the condensed consolidated balance sheet for matching contributions accrued but not yet paid. |