Annual report pursuant to Section 13 and 15(d)

Defined Contribution Plan

Defined Contribution Plan
12 Months Ended
Dec. 31, 2018
Defined Contribution Pension And Other Postretirement Plans Disclosure [Abstract]  
Defined Contribution Plan

13. Defined Contribution Plan

The Company established a defined contribution savings plan under Section 401(k) of the Internal Revenue Code. This plan covers substantially all employees who meet minimum age and service requirements and allows participants to defer a portion of their annual compensation on a pretax or post-tax basis. Company contributions to the plan may be made at the discretion of the board of directors. Effective September 1, 2017, the Company instituted an employer match of 100% of the amount the employees contribute to the Plan for each payroll period up to the first 1% of Plan Compensation plus 50% of the amount the employees contribute between 1% and 6% of Plan Compensation. For the years ended December 31, 2018 and 2017, the Company contributed $0.4 million and $0.3 million, respectively, to the 401(k) Plan.