DEFINED CONTRIBUTION PLAN

12 Months Ended

Dec. 31, 2024

Retirement Benefits [Abstract]

DEFINED CONTRIBUTION PLAN

15. DEFINED CONTRIBUTION PLAN

The Company has a defined contribution plan under Section 401(k) of the Internal Revenue Code (the “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 contributions to the 401(k) Plan. The Company made matching contributions of $0.2 million and $0.3 million for the years ended December 31, 2024 and 2023, respectively.