Leases (Tables)

3 Months Ended

Mar. 31, 2021

Schedule of Right of Use Asset and Related Lease Liability and Supplemental Cash Flow Information

Because the rate implicit in the lease is not readily determinable, we use our incremental borrowing rate to determine the present value of lease payments. Information related to our right of use asset and related lease liability were as follows:

		March 31,		December 31,
(in thousands)	Balance Sheet Classification	2021		2020
Right-of-use asset	Right-of-use lease asset, net	$	8,437	$	8,622

Operating lease liability (current)	Accounts payable, accrued and other liabilities	$	698	$	691
Operating lease liability (non-current)	Long-term lease liability		7,775		7,952
		$	8,473	$	8,643

	For the Three Months Ended March 31,
(in thousands)	2021		2020
Cash paid for operating lease liabilities	$	250	$	—

Schedule of Future Amortization of Lease Liability

Operating lease expense is recognized on a straight-line basis over the lease term. Future amortization of our lease liability as of March 31, 2021 was as follows:

(in thousands)
2021 (remaining)	$	751
2022		1,001
2023		1,001
2024		1,008
2025		1,035
Thereafter		5,317
Future lease payments, gross		10,113
Less: Imputed interest		(1,640	)
Operating lease liability	$	8,473