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Subsequent Events
9 Months Ended
Sep. 30, 2022
Subsequent Events [Abstract]  
Subsequent Events

Note 14. Subsequent Events

Completion of Offering

On October 7, 2022, pursuant to the ATM Agreement, the Company completed the sale of 1.1 million shares of common stock under the offering, at a weighted average price of $7.09 per share, resulting in net proceeds of approximately $7.4 million, after deducting offering fees of approximately $0.2 million.

Termination of Lease Agreement

On October 24, 2022, the Company entered into a lease termination agreement with Anaya Holdings LLC (the “Landlord”) (the “Lease Termination Agreement”) pursuant to which it terminated its lease agreement for its corporate headquarters in Carlsbad, California, effective October 28, 2022. In accordance with the terms of the Lease Termination Agreement, the Company has agreed to (i) release its right to the security deposit of approximately $36,000 previously paid to the Landlord and (ii) pay a $0.3 million termination fee to the Landlord.

Entry into Lease Agreement

On October 31, 2022, the Company entered into a month-to-month lease agreement (the “Lease Agreement”) with Avanti Workspace for its corporate headquarters in Carlsbad, California, effective November 1, 2022. The rent expense under the Lease Agreement is approximately $1,000 per month.