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Leases

6 Months Ended

Jun. 30, 2020

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 and six months ended June 30, 2020 and 2019 were as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
	(in thousands)
Operating lease cost	$	50	$	51	$	101	$	102
Short-term lease cost		7		29		29		58

		57		80		130		160

Operating cash flows used for operating leases	$	52	$	52	$	104	$	92

As of June 30, 2020, the weighted average remaining lease term and discount rate for the operating lease are 2.7 years and 6.5%, respectively.

As of June 30, 2020, maturities of lease liability due under the lease agreement are as follows:


Years Ending December 31:	Operating Leases
	(in thousands)
Remainder of 2020	$	103
2021		210
2022		168

Total lease payments		481
Less imputed interest		(35	)

Total	$	446

In addition to base rent, the lease requires payment of

non-lease

and

non-component

costs. These costs are not included in the table above.