Annual report [Section 13 and 15(d), not S-K Item 405]

DEFINED CONTRIBUTION PLAN

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DEFINED CONTRIBUTION PLAN
12 Months Ended
Dec. 31, 2025
Retirement Benefits [Abstract]  
DEFINED CONTRIBUTION PLAN

NOTE 17 – DEFINED CONTRIBUTION PLAN

 

The Company has a 401(k)-retirement savings plan (the “401(k) Plan”) covering all eligible employees. The 401(k) Plan allows employees to defer a portion of their annual compensation, and the Company may match a portion of the employees’ contributions generally after the first six months of service. At December 31, 2025, the Company matched 100% of the first 4% of eligible employee compensation that was contributed to the 401(k) Plan. At December 31, 2025, the Company recognized expense for matching cash contributions to the 401(k) Plan totaling $336,332.