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EMPLOYEE BENEFIT PLANS
12 Months Ended
Dec. 31, 2021
Retirement Benefits [Abstract]  
EMPLOYEE BENEFIT PLANS

NOTE 14. EMPLOYEE BENEFIT PLANS

 

The Company maintains an employee savings plan under Section 401(k) of the Internal Revenue Code. This plan covers substantially all full-time employees who have attained the age of 21. Employees may contribute a percentage of their annual gross salary as limited by the federal tax laws. The Company matches employee contributions based on the plan guidelines. The Company contribution totaled $0.5 million for both years ended December 31, 2021 and 2020.

The Company has a compensated expense policy that allows employees to accrue paid time off for vacation, sick or other unexcused absences up to a specified number of days each year. Employees may carry-over a limited amount of unused sick time at the end of each year to an accrued sick time account which is forfeited if unused at termination.