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SUBSEQUENT EVENTS
3 Months Ended
Mar. 31, 2022
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

(9) SUBSEQUENT EVENTS

 

Lease agreement

 

In April 2022, the Company entered into a lease agreement in Foster City, California (the “Foster City Lease”). The term of the Foster City Lease is thirty-nine months from the lease commencement date and the Company has the option to extend the lease for one additional period of one year. Base rent under the Foster City Lease is approximately $22,600 per month and is subject to annual increases of 3% on each annual anniversary during the term. The expected lease commencement date under the Foster City Lease is August 1, 2022.