v3.26.1
Employee Benefit Plan
6 Months Ended
Jun. 30, 2026
Employee Benefit Plan  
Employee Benefit Plan

Note 11. Employee Benefit Plan

In April 2024, the Company established a Safe Harbor 401(k) contribution plan under Section 401(k) of the Internal Revenue Code (“401(k) Plan”). Under the terms of the 401(k) Plan, all full-time employees were eligible to make voluntary contributions as a percentage or defined amount of compensation. The Company made matching contributions based on 100% of each employee’s contribution up to the first 3% of pay and then on 50% of employee contributions on the next 2% of pay of the employee’s eligible compensation.

The Company incurred expenses of approximately $36 thousand and $18 thousand related to matching contributions for the three months ended June 30, 2026 and 2025, respectively, and approximately $65 thousand and $32 thousand related to matching contributions for the six months ended June 30, 2026 and 2025, respectively.