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Defined Contribution Retirement Plan
6 Months Ended
Jun. 30, 2017
Defined Contribution Retirement Plan  
Defined Contribution Retirement Plan

Note 12: Defined Contribution Retirement Plan

 

Starting in 2016, we offered our U.S. employees the ability to participate in a 401(k) plan. Eligible U.S. employees may contribute up to 60% of their eligible compensation, subject to limitations established by the Internal Revenue Code. The Company contributes a matching contribution equal to 100% of each such participant’s contribution up to the first 3% of their annual eligible compensation. We charged $54,579 and $23,815 to expense in the three months ended June 30, 2017 and 2016, respectively, associated with our matching contribution in those periods. We charged $91,074 and $53,486 to expense in the six months ended June 30, 2017 and 2016, respectively, associated with our matching contribution in those periods.