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COMMITMENTS AND CONTINGENCIES
9 Months Ended
Sep. 30, 2021
Commitments and Contingencies Disclosure [Abstract]  
COMMITMENTS AND CONTINGENCIES COMMITMENTS AND CONTINGENCIES
Contingencies
The Company is party to various legal proceedings from time to time. A liability is accrued when a loss is both probable and can be reasonably estimated. Management believes that the probability of a material loss with respect to any currently pending legal proceeding is remote. However, litigation is inherently uncertain and it is not possible to definitively predict the ultimate disposition of any of these proceedings. The Company does not believe that there are any pending legal proceedings or other loss contingencies that will, either individually or in the aggregate, have a material adverse impact on the Company’s unaudited condensed consolidated financial statements.

Commitments
In June 2021, the Company entered into an agreement to lease 23,533 square feet of office space in San Francisco, California. The lease commenced on September 23, 2021 and expires on February 28, 2029. The lease agreement does not contemplate options to extend or reduce the non-cancelable lease term. Base rent is $160,809 per month with escalating payments. On September 23, 2021, the Company recognized a $12.6 million operating lease liability, and a $12.7 million operating lease right-of-use (“ROU”) asset, which are included in the condensed consolidated balance sheet as of September 30, 2021.