Commitments and Contingencies	3 Months Ended
Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	9. Commitments and Contingencies Leases In June 2020, the Company amended the existing office leases to enter into a noncancelable operating lease to extend the lease terms through August 2023 with a renewal option for an additional year (“Amended Lease”). The Amended Lease monthly base rent will increase approximately 4% annually from $20,019 to $21,444 over the life of the lease, including utilities and other operating costs. Upon the execution of the Amended Lease, the Company recorded an operating lease right-of-use (“ROU”) asset and corresponding lease liability for $667,000. In August 2020, the Company entered into an additional noncancelable operating lease agreement for certain office space with a lease term from August 2020 through August 2023 with a renewal option for an additional year (“New Lease”). The New Lease also includes a buyout option to terminate the lease prior to its expiration with at least one month’s prior written notice and a one-time payment equal to four months’ rent. The New Lease monthly base rent will increase approximately 4% to 9% from $12,462 to $14,033 over the life of the lease, including utilities and other operating costs. In connection with the execution of the New Lease, the Company recorded an operating lease ROU asset and corresponding lease liability for $439,000. Total lease expense for the three months ended March 31, 2022 and 2021 was $104,000 and $71,000, respectively. At March 31, 2022, the Company had remaining lease liabilities of $567,000 of which $175,000 was recorded as noncurrent lease liability as of March 31, 2022, and operating lease ROU assets of $549,000. Total cash paid for amounts included in the measurement of operating lease liabilities was $105,000 and $99,000 for the three months ended March 31, 2022 and 2021, respectively. The weighted average discount rate for the operating leases recorded in 2020 was 8.0% and the weighted average remaining lease term was 1.4 years as of March 31, 2022. Indemnifications As permitted under Delaware law, the Company indemnifies its officers, directors, and employees for certain events and occurrences while the officer, or director is, or was, serving at the Company’s request in such capacity.

Commitments and Contingencies

3 Months Ended

Mar. 31, 2022

Commitments and Contingencies Disclosure [Abstract]

9. Commitments and Contingencies

Leases

In June 2020, the Company amended the existing office leases to enter into a noncancelable operating lease to extend the lease terms through August 2023 with a renewal option for an additional year (“Amended Lease”). The Amended Lease monthly base rent will increase approximately 4% annually from $20,019 to $21,444 over the life of the lease, including utilities and other operating costs. Upon the execution of the Amended Lease, the Company recorded an operating lease right-of-use (“ROU”) asset and corresponding lease liability for $667,000.

In August 2020, the Company entered into an additional noncancelable operating lease agreement for certain office space with a lease term from August 2020 through August 2023 with a renewal option for an additional year (“New Lease”). The New Lease also includes a buyout option to terminate the lease prior to its expiration with at least one month’s prior written notice and a one-time payment equal to four months’ rent. The New Lease monthly base rent will increase approximately 4% to 9% from $12,462 to $14,033 over the life of the lease, including utilities and other operating costs. In connection with the execution of the New Lease, the Company recorded an operating lease ROU asset and corresponding lease liability for $439,000.

Total lease expense for the three months ended March 31, 2022 and 2021 was $104,000 and $71,000, respectively. At March 31, 2022, the Company had remaining lease liabilities of $567,000 of which $175,000 was recorded as noncurrent lease liability as of March 31, 2022, and operating lease ROU assets of $549,000. Total cash paid for amounts included in the measurement of operating lease liabilities was $105,000 and $99,000 for the three months ended March 31, 2022 and 2021, respectively. The weighted average discount rate for the operating leases recorded in 2020 was 8.0% and the weighted average remaining lease term was 1.4 years as of March 31, 2022.

Indemnifications

As permitted under Delaware law, the Company indemnifies its officers, directors, and employees for certain events and occurrences while the officer, or director is, or was, serving at the Company’s request in such capacity.