XML 44 R23.htm IDEA: XBRL DOCUMENT v3.25.0.1
IMUNON EMPLOYEE BENEFIT PLANS
12 Months Ended
Dec. 31, 2024
Retirement Benefits [Abstract]  
IMUNON EMPLOYEE BENEFIT PLANS

13. IMUNON EMPLOYEE BENEFIT PLANS

 

Imunon maintains a defined-contribution plan under Section 401(k) of the Code. The plan covers substantially all employees over the age of twenty-one. Participating employees may defer a portion of their pretax earnings, up to the IRS annual contribution limit. The Company makes a matching contribution up to a maximum of 3% of an employee’s annual salary. The Company’s total matching contributions for the year ended December 31, 2024 and 2023 were $62,000 and $142,000, respectively.