Restructuring and Severance

9 Months Ended

Sep. 30, 2022

Restructuring And Related Activities [Abstract]

Restructuring and Severance

13. Restructuring and Severance

During the three and nine months ended September 30, 2022, restructuring expenses consisted of severance related costs of $49,000 and $283,000, respectively. In the first quarter of 2022, the Company entered into a settlement agreement associated with outstanding rental payments due the landlord on leased office space in San Francisco, California. As a result of the settlement, the Company recorded a net credit of $151,000 representing the difference between amounts accrued and the settlement amount.

Restructuring expenses incurred during the three and nine months ended September 30, 2021 of $99,000 and $761,000, respectively, consists of facility rental related costs of $67,000 and $523,000, respectively, and severance related costs of $32,000 and $238,000, respectively. Facility rental related costs during the nine months ended September 30, 2021 included a charge of $281,000 resulting from the impairment of a right-of-use operating lease asset for office space the Company vacated in the first quarter of 2021.