SUBSEQUENT EVENT

9 Months Ended

Sep. 30, 2022

SUBSEQUENT EVENT [Abstract]

SUBSEQUENT EVENT

14. SUBSEQUENT EVENT

As discussed in Note 7, the Company leases an office building and equipment from Areth. The lease term was for a period of 12 months and provided for automatic one-year renewals unless ADMA provided written notice of termination to Areth 60 days prior to the end of the term. Effective as of October 1, 2022, the Company and Areth agreed to extend the term of the lease to December 31, 2026 at the current monthly rent.