401(k) Savings Plan

9 Months Ended

Sep. 30, 2019

401(k) Savings Plan [Abstract]

401(k) Savings Plan

16. 401(k) Savings Plan

The Company has a defined contribution savings plan (the “Plan”) under Section 401(k) of the Internal Revenue Code of 1986. This Plan covers substantially all employees who meet minimum age and service requirements and allows participants to defer a portion of their annual compensation on a pre-tax basis. Company contributions to the Plan may be made at the discretion of the Company’s board of directors. The Company has elected to match 4% of employee contributions to the Plan, subject to certain limitations. The Company’s matching contribution for the nine months ended September 30, 2019 and 2018 was $171,382 and $88,700, respectively and $46,178 and $23,037 for the three months ended September 30, 2019 and 2018, respectively.