Debt, Commitments and Contingencies

3 Months Ended

Mar. 31, 2021

Debt Instruments [Abstract]

Debt, Commitments and Contingencies

4. Debt, Commitments and Contingencies

Facility Leases

Future minimum payments under the non-cancelable facility lease and reconciliation to the operating lease liability as of March 31, 2021 were as follows (in thousands):

	Operating Lease
2021	$	776
2022		1,062
2023		404
Less: Amount representing interest		(207	)
Present value of lease payments		2,035
Less: Current portion of operating lease liability		(890	)
Long-term operating lease liability, net of current portion	$	1,145

For each of the three months ended March 31, 2021 and 2020, we recorded an operating lease expense of $0.2 million. As of March 31, 2021, the weighted-average remaining lease term was 2.2 years and the weighted-average discount rate was 9.6%.