Annual report pursuant to Section 13 and 15(d)

Note 17 - Employee Benefit Plan

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Note 17 - Employee Benefit Plan
12 Months Ended
Dec. 31, 2021
Notes to Financial Statements  
Compensation and Employee Benefit Plans [Text Block]

17.

Employee Benefit Plan

 

We maintain an employee benefit plan under Section 401(k) of the IRC (the “401(k) Plan”). The 401(k) Plan allows employees to make contributions and we may, but are not obligated to, match a portion of the employee’s contribution with our Common Stock, up to a defined maximum. We also pay certain expenses related to maintaining the 401(k) Plan. Beginning January 1, 2021, the Company’s Board of Directors increased the Company match rate from 40% of employee contributions to the 401(k) Plan up to 5% of the employee’s salary, to 100% of employee contributions to the 401(k) Plan up to 6% of the employee’s salary. We recorded expenses related to the 401(k) Plan of $148,000 and $49,000 during 2021 and 2020, respectively