Commitments and Contingencies

6 Months Ended

Jun. 30, 2021

Commitments And Contingencies Disclosure [Abstract]

Commitments and Contingencies

(11) Commitments and Contingencies

Operating Lease

Rent expense for the three and six months ended June 30, 2020 was $0.2 million and $0.3 million, respectively. Rent expense for the three and six months ended June 30, 2021 was $0.2 million and $0.3 million, respectively.

In December 2017, the Company signed an operating lease for 7,531 rentable square feet of office space in Cambridge, Massachusetts to commence on February 1, 2018. The lease expires on June 30, 2024. Rent expense will be recorded ratably over the lease period. The lease includes escalating rental payments, which are also being charged to rent expense ratably over the lease period.

The following table summarizes future minimum payments due under the operating lease as of June 30, 2021:

	(in thousands)
Remainder of 2021	$	300,299
2022		608,442
2023		617,856
2024		312,850
	$	1,839,447