COMMITMENTS AND CONTINGENCIES |
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| Commitments and Contingencies Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| COMMITMENTS AND CONTINGENCIES |
8. COMMITMENTS AND CONTINGENCIES
Operating Lease Commitment
See Note 6 to the consolidated financial statements in the Company’s 2020 Annual Report for additional information regarding leases.
Pursuant to the terms of our non-cancelable lease agreements in effect at September 30, 2021, the following table summarizes the Company’s maturities of operating lease liabilities as of September 30, 2021:
Sublease Commitment
Effective August 26, 2021, the Company entered into a sublease agreement with a third party to sublease 12,112 square feet of the 30,023 square feet currently being leased under one of its two existing lease agreements. The sublease commences on October 1, 2021 and ends October 31, 2026. The Company notes no sublease income was recognized and offset against rent expense for the three and nine months ended September 30, 2021 and 2020.
Undiscounted sublease cash inflows have been summarized in the following table:
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