6.	Leases

In June 2017, the Company entered into an operating lease agreement to lease the office space in Vancouver, Canada commencing March 1, 2018. The lease expires on February 28, 2023 and can be extended for an additional term of 5 years.

In January 2016, the Company entered into an operating lease agreement to lease office space near San Francisco, California. The operating lease agreement expires on April 30, 2019. In September 2017, the Company entered into a sublease agreement to sublet the premises to a third party until April 30, 2019.

On January 1, 2019, with the adoption of ASU 2016-02, the Company recognized operating lease right-of-use asset of $0.8 million and operating lease liabilities of $0.7 million for these leases.

The components of lease expense and related cash flows for the three months ended March 31, 2019 were as follows:


	March 31, 2019
	(in thousands)
Operating lease cost		51
Short-term lease cost		29

		80

Operating cash flows used for operating leases	$	40

The total rent expense was $0.1 million for the three months ended March 31, 2018.

As of March 31, 2019, the weighted average remaining lease term and discount rate for the operating leases are 3.9 years and 6.5%, respectively.

As of March 31, 2019, maturities of lease liabilities due under the lease agreements are as follows:


Years Ending December 31:	Operating Leases
	(in thousands)
Remainder of 2019	$	157
2020		212
2021		216
2022		172

Total lease payments		757
Less imputed interest		(83	)

Total	$	674

In addition to base rent, these leases require payment of non-lease and non-component costs. These costs are not included.