Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2020

Commitments and Contingencies Disclosure [Abstract]

Summary of quantitative operating lease information

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

	For the year ended December 31,			For the year ended December 31,
	2020			2019
Operating leases
Operating lease cost	$	1,609		$	2,076
Variable lease cost	488			318
Operating lease expense	2,097			2,394
Finance leases
Amortization of right-of-use assets	18			—
Interest on lease obligations	5			—
Finance lease expense	23			—
Short-term lease rent expense	17			17
Total rent expense	$	2,137		$	2,411
Other information
Operating cash flows from operating leases	$	1,648		$	2,015
Operating cash flows from finance leases	$	5		$	—
Financing cash flows from finance leases	$	17		$	—
Right of use assets exchanged for operating lease liabilities	$	268		$	5,077
Right of use assets exchanged for finance lease liabilities	$	930		$	—
Weighted-average remaining lease term - operating leases	2.3			1.9
Weighted-average remaining lease term – finance leases	5.8			0
Weighted-average discount rate - operating leases	6.4		%	6.8		%
Weighted-average discount rate – finance leases	5.1		%	—		%

Schedule of future minimum rental payments under operating lease agreements

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

	Operating		Finance
Year ending December 31, 2021	$	1,131	$	176
Year ending December 31, 2022	668		179
Year ending December 31, 2023	314		181
Year ending December 31, 2024	118		178
Year Ended December 31, 2025	6		176
Year Ended December 31, 2026	—		163
Total	2,237		1,053
Less present value discount	$	(162)	$	(140)
Operating and Finance lease liabilities.	$	2,075	$	913