Other Post-Retirement Benefit Plan
|9 Months Ended|
Sep. 30, 2021
|Retirement Benefits [Abstract]|
|OTHER POST-RETIREMENT BENEFIT PLAN||
NOTE 9 - OTHER POST-RETIREMENT BENEFIT PLAN
Relmada participates in a multiemployer 401(k) plan that permits eligible employees to contribute funds on a pretax basis subject to maximum allowed under federal tax provisions. The Company matches 100% of the first 3% of employee contributions, plus 50% of employee contributions that exceed 3% but do not exceed 5%.
The employees choose an amount from various investment options for both their contributions and the Company’s matching contribution. The Company’s contribution expense was approximately $101,100 and $58,500 for the nine months ended September 30, 2021 and 2020, respectively.
The entire disclosure for retirement benefits.
Reference 1: http://www.xbrl.org/2003/role/exampleRef