|12 Months Ended|
Dec. 31, 2020
|Compensation And Retirement Disclosure [Abstract]|
Note 17. Benefit Plan
The Company sponsors a 401(k) plan to provide defined contribution retirement benefits for all eligible employees. Participants may contribute a portion of their compensation to the plan, subject to the limitations under the Internal Revenue Code. The Company is allowed to make 401(k) matching contributions as defined in the plan and as approved by the Board. The Company matched 50% of employee contributions made during 2020 up to a maximum of 2% of compensation; the match will be deposited to the employees’ 401(k) accounts in 2021. During the year ended December 31, 2020 the Company recorded $0.2 million of matching contribution expense. During the year ended December 31, 2019 the Company recorded $0.2 million of matching contribution expense. There was
no matching contribution expense related to the year ended December 31, 2018. These matching contributions are subject to additional vesting criteria.
The entire disclosure for an entity's employee compensation and benefit plans, including, but not limited to, postemployment and postretirement benefit plans, defined benefit pension plans, defined contribution plans, non-qualified and supplemental benefit plans, deferred compensation, share-based compensation, life insurance, severance, health care, unemployment and other benefit plans.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef