|3 Months Ended|
Mar. 31, 2022
|Subsequent Events [Abstract]|
On April 18, 2022, the Company entered into an operating lease agreement for its office space in Lexington, Massachusetts for the period from June 1, 2022 through July 31, 2025. The lease contains escalating payments during the lease period. Upon execution of this lease agreement, the Company prepaid one month of rent and a security deposit, one of which will be held in escrow and credited at the termination of the lease and the other of which was applied to the first month’s rent. The Company will adopt the provisions of ASU No. 2018-10, Leases (Topic 842) in the quarter ending June 30, 2022.
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef