NOTE 6. LEASES

All of the Company’s leases, which primarily include the right to use office and laboratory space, are operating leases, and certain of the leases have both lease and non-lease components. The Company has elected to account for each separate lease component and the non-lease components associated with that lease component as a single lease component for all classes of underlying assets.

The following table provides additional details related to our facility leases, as presented in the Company’s condensed balance sheet as of March 31, 2020:


Facilities
Right of use assets	$	3,468

Current portion of lease liabilities		2,715
Operating lease liability, net of current portion		1,355
Total	$	4,070

Weighted-average remaining life (years)		1.5
Weighted-average discount rate		12.99	%

Other information related to the Company’s facilities lease is as follows:


	Three Months Ended March 31,
	2020		2019
Operating lease expense	$	648	$	648
Cash paid for operating lease	$	760	$	614

The following table summarizes the Company’s undiscounted cash payment obligations for its operating lease liabilities as of March 31, 2020:


Remainder of 2020	$	2,306
2021		2,183
Total undiscounted operating lease payments		4,489
Imputed interest expenses		(419)
Total operating lease liabilities		4,070
Less: Current portion of operating lease liability		2,715
Operating lease liability, net of current portion	$	1,355