Leases (Tables)

12 Months Ended

Dec. 31, 2019

Leases

Schedule of weighted average lease term and discounts rate

	December 31,
	2019
Operating Lease Term and Discount Rate:
Weighted-average remaining lease term		4.4 years
Weighted-average discount rate		11.0%

Schedule of minimum lease payments and lease liabilities

The following table summarizes the Company’s minimum lease payments and lease liability as of December 31, 2019 (in thousands):

Year Ending December 31:	Amount
2020	$	1,941
2021		2,000
2022		2,059
2023		2,121
2024		895
Thereafter		—
Total future minimum lease payments		9,016
Less: imputed interest		(1,799)
Present value of future minimum lease payments		7,217
Less: current portion of operating lease liability		(1,256)
Operating lease liability - noncurrent	$	5,961

Schedule of future minimum lease payments for operating leases

As previously disclosed in the Company’s 2018 Annual Report on Form 10-K and under the previous lease accounting standard, future minimum operating leases having initial or remaining noncancelable lease terms in excess of one year would have been as follows (in thousands):

Year Ending December 31:	Amount
2019	$	1,941
2020		2,000
2021		2,059
2022		2,121
2023		2,185
Thereafter		922
Total	$	11,228

Schedule of least cost information

Supplemental lease cost information is as follows (in thousands):

		Year Ended
		December 31, 2019
Operating lease cost	$	1,792

Schedule of balance sheet information

Supplemental balance sheet information is as follows (in thousands):

	December 31, 2019
Operating Leases:
Operating lease right-of-use asset, non-current	$	6,042
Operating lease liability - current	$	1,256
Operating lease liability - noncurrent		5,961
Total operating lease liabilities	$	7,217

Schedule of cash flow information

Supplemental cash flow information is as follows (in thousands):

	Year Ended
	December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flow used by operating leases	$	1,885

ASU 2016-02

Leases

Schedule of adopting new guidance

The impact of the changes made to the consolidated balance sheet as of January 1, 2019 as a result of adopting the new guidance was as follows (in thousands):

	Balance at		Adjustments		Balance at
	December 31,		Due to		January 1,
	2018		ASC 842		2019
Balance Sheet:
Operating lease right-of-use asset - noncurrent	$	—		7,499	$	7,499
Operating lease liability - current	$	—		1,080	$	1,080
Operating lease liability - noncurrent	$	—		7,219	$	7,219
Deferred rent - noncurrent	$	799		(799)	$	—