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Subsequent Events
12 Months Ended
Dec. 31, 2021
Subsequent Events [Abstract]  
Subsequent Events

16. Subsequent Events

 

The Company evaluates subsequent events occurring between the most recent balance sheet date and the date that the financial statements are available to be issued in order to determine whether the subsequent events are to be recorded and/or disclosed in the Company’s financial statements and footnotes. The financial statements are considered to be available to be issued at the time that they are filed with the SEC.

 

Other than the event described below, there were no subsequent events or transactions that required recognition or disclosure in the unaudited interim consolidated financial statements.

 

 

During the first quarter 2022, the Company completed the transition of manufacturing from its Tianjin manufacturing facility to contract manufacturers. The Company terminated 69 positions from the Tianjin facility and incurred restructuring expense of $0.8 million related to employee severance and related benefits.