v3.26.1
Other Postretirement Benefit Plan
6 Months Ended
Jun. 30, 2026
Other Postretirement Benefit Plan [Abstract]  
OTHER POSTRETIREMENT BENEFIT PLAN

NOTE 9 - OTHER POSTRETIREMENT BENEFIT PLAN

 

Relmada participates in a multiemployer 401(k) plan that permits eligible employees to contribute funds on a pretax basis subject to maximum allowed under federal tax provisions. The Company matches 100% of the first 3% of employee contributions, plus 50% of employee contributions that exceed 3% but do not exceed 5%.

 

The employees choose an amount from various investment options for both their contributions and the Company’s matching contribution. The Company’s contribution expense was $109,500 and $100,700 for the six months ended June 30, 2026 and 2025, respectively.