Leases

3 Months Ended

Mar. 31, 2020

Leases [Abstract]

Leases

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.

The components of lease expense and related cash flows for the three months ended March 31, 2020 and 2019 were as follows:

	Three Months Ended March 31, 2020		Three Months Ended March 31, 2019
	(in thousands)
Operating lease cost	$	51	$	51
Short-term lease cost		22		29
		73		80
Operating cash flows used for operating leases	$	52	$	40

As of March 31, 2020, the weighted average remaining lease term and discount rate for the operating lease are 2.9 years and 6.5%, respectively.

As of March 31, 2020, maturities of lease liability due under the lease agreement are as follows:

Years Ending December 31:	Operating Leases
	(in thousands)
Remainder of 2020	$	150
2021		203
2022		162
Total lease payments		515
Less imputed interest		(42	)
Total	$	473

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