12. Commitments and Contingencies	9 Months Ended
Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
12. Commitments and Contingencies	12. Commitments and Contingencies Leases In March 2019, the Company entered into a nine-month office space rental agreement for its headquarters in New York, New York expiring November 2019. In November 2019, the Company renewed this rental agreement for an additional twelve-months for a base rent of approximately $9,000 per month. In November 2020, the Company renewed this rental agreement for an additional twelve-months for a base rent of approximately $3,800 per month. In March 2021, the Company was notified that the counterparty’s right to occupy the space at 300 Park Avenue, New York, NY was terminated, and the Company was required to vacate by March 26, 2021. The Company vacated the premises and has advised the counterparty that the counterparty is in breach of this rental agreement and therefore, the Company has no further obligations thereunder. In March 2021, the Company entered into an eighteen-month office space rental agreement for its headquarters at 300 Park Avenue, New York, NY, which was due to expire in September 2022. The rental agreement contains a base rent of approximately $4,000 per month. This agreement included one or more renewal options. At September 30, 2022, the Company’s right-of-use assets and lease liability for operating leases was $0. In October 2022, the Company entered into a new eighteen-month office space rental agreement for its existing space, which provides for a base rent starting at approximately $4,000 per month subject to periodic increases. Upon the commencement of the 300 Park Avenue, New York, NY office space in March 2021, in exchange for the new operating lease liability, the Company recognized a right-of-use asset of $74,000. As of September 30, 2022, the weighted-average remaining lease term of the operating lease was 0 years, and the weighted-average discount rate was 8.0%. As of September 30, 2022, there were no future minimum lease payments for the Company’s operating leases with a non-cancelable term of more than one year as the current lease was expiring, while the Company’s new lease was not effective until October 2022. For each of the nine months ended September 30, 2022 and 2021, rent expense totaled $0.1 million. Contractual Commitments The Company has entered into long-term agreements with certain manufacturers and suppliers that require it to make contractual payment to these organizations. The Company expects to enter into additional collaborative research, contract research, manufacturing, and supplier agreements in the future, which may require up-front payments and long-term commitments of cash. Litigation As of September 30, 2022, there was no material litigation against or involving the Company.

12. Commitments and Contingencies

9 Months Ended

Sep. 30, 2022

Commitments and Contingencies Disclosure [Abstract]

12. Commitments and Contingencies

Leases

In March 2019, the Company entered into a nine-month office space rental agreement for its headquarters in New York, New York expiring November 2019. In November 2019, the Company renewed this rental agreement for an additional twelve-months for a base rent of approximately $9,000 per month. In November 2020, the Company renewed this rental agreement for an additional twelve-months for a base rent of approximately $3,800 per month. In March 2021, the Company was notified that the counterparty’s right to occupy the space at 300 Park Avenue, New York, NY was terminated, and the Company was required to vacate by March 26, 2021. The Company vacated the premises and has advised the counterparty that the counterparty is in breach of this rental agreement and therefore, the Company has no further obligations thereunder.

In March 2021, the Company entered into an eighteen-month office space rental agreement for its headquarters at 300 Park Avenue, New York, NY, which was due to expire in September 2022. The rental agreement contains a base rent of approximately $4,000 per month. This agreement included one or more renewal options. At September 30, 2022, the Company’s right-of-use assets and lease liability for operating leases was $0. In October 2022, the Company entered into a new eighteen-month office space rental agreement for its existing space, which provides for a base rent starting at approximately $4,000 per month subject to periodic increases.

Upon the commencement of the 300 Park Avenue, New York, NY office space in March 2021, in exchange for the new operating lease liability, the Company recognized a right-of-use asset of $74,000. As of September 30, 2022, the weighted-average remaining lease term of the operating lease was 0 years, and the weighted-average discount rate was 8.0%.

As of September 30, 2022, there were no future minimum lease payments for the Company’s operating leases with a non-cancelable term of more than one year as the current lease was expiring, while the Company’s new lease was not effective until October 2022.

For each of the nine months ended September 30, 2022 and 2021, rent expense totaled $0.1 million.

Contractual Commitments

The Company has entered into long-term agreements with certain manufacturers and suppliers that require it to make contractual payment to these organizations. The Company expects to enter into additional collaborative research, contract research, manufacturing, and supplier agreements in the future, which may require up-front payments and long-term commitments of cash.

Litigation

As of September 30, 2022, there was no material litigation against or involving the Company.