EMPLOYEE BENEFIT PLANS

12 Months Ended

Dec. 31, 2020

Disclosure Text Block Supplement [Abstract]

Compensation and Employee Benefit Plans [Text Block]

11 - EMPLOYEE BENEFIT PLANS

We have a defined contribution profit sharing plan pursuant to Section 401(k) of the Internal Revenue Code (“the Plan”) covering only our U.S. based employees. Participants once eligible, as defined by the Plan, may contribute up to the maximum allowed under the Internal Revenue Code. The Plan also provides for safe harbor matching contributions, vesting immediately, at our discretion. For each year ended December 31, 2020 and 2019, employer matching contributions were approximately $34,000 and $28,000, respectively.

Participants in the Plan, through self-directed brokerage accounts, held 487,159 shares in our Class A common stock as of December 31, 2020 and 2019. The Plan does not offer new issues of our common stock as an investment option.