Leases (Tables)

9 Months Ended

Sep. 30, 2020

Leases [Abstract]

Summary of operating leases

The following summarizes quantitative information about the Company’s operating leases (table in thousands):

	Three Months Ended September 30, 2020			Three Months Ended September 30, 2019			Nine Months Ended September 30, 2020			Nine Months Ended September 30, 2019
Operating leases
Operating lease cost	$	382		$	532		$	1,228		$	1,592
Variable lease cost	90			90			403			258
Operating lease expense	472			622			1,631			1,850
Short-term lease rent expense	4			4			12			12
Total rent expense	$	476		$	626		$	1,643		$	1,862
Other information
Operating cash flows from operating leases	$	393		$	494		$	1,248		$	1,532
Right of use assets exchanged for operating lease liabilities	$	—		$	136		$	—		$	4,442
Weighted-average remaining lease term – operating leases	2.3			1.8			2.3			1.8
Weighted-average discount rate – operating leases	6.8		%	6.8		%	6.8		%	6.8		%

Future minimum rental payments under operating leases

Future minimum rental payments under operating lease agreements are as follows (in thousands):

Year ending December 31, 2020 (remaining)	$	387
Year ending December 31, 2021	1,055
Year ending December 31, 2022	592
Year ending December 31, 2023	234
Year ending December 31, 2024	98
Total	$	2,366
Less present value discount	(172)
Operating lease liabilities	$	2,194