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Retirement Plan
12 Months Ended
Dec. 31, 2023
Retirement Benefits [Abstract]  
Retirement Plan

13. Retirement Plan

The Company has a defined-contribution plan under Section 401(k) of the Internal Revenue Code (“401(k) Plan”). The 401(k) Plan covers all employees who meet defined minimum age and service requirements and allows participants to defer a portion of their annual compensation on a pre-tax basis. As currently established, the Company is not required to make any contributions to the 401(k) Plan. For the years ended December 31, 2023 and 2022, the Company made a discretionary match that matches 50%, up to 6% employee contribution, and therefore a maximum of 3% of employees’ salary. Matching contributions are fully vested at the time of contribution. The Company matched $0.4 million and $0.3 million of employee 401(k) contributions for the years ended December 31, 2023 and 2022, respectively, which is included in the statements of operations and comprehensive loss.