Commitments and Contingencies

6 Months Ended

Jun. 30, 2020

Commitments And Contingencies Disclosure [Abstract]

Commitments and Contingencies

Note 8. Commitments and Contingencies

Operating Leases

The Company leases its headquarters with its main offices and laboratory facilities in Mountain View, California under two lease agreements that end in September 2024 and April 2025.

Information related to the Company’s ROU assets and related lease liabilities were as follows (in thousands except for remaining lease term and discount rate):

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2020		2019		2020		2019
Cash paid for operating lease liabilities	$	750	$	350	$	1,490	$	566
Operating lease cost		767		523		1,534		694
Variable lease cost		68		—		114		—

	June 30, 2020			December 31, 2019
Current operating lease liabilities	$	2,575		$	2,483
Non-current operating lease liabilities		10,932			12,244
Weighted average remaining lease term in years		4.6			5.1
Weighted average discount rate		3.8	%		3.8	%

Maturities of lease liabilities as of June 30, 2020 were as follows (in thousands):

	Operating
	Lease
Year Ending December	Commitments
2020 (remaining six months)	$	1,512
2021		3,086
2022		3,172
2023		3,261
2024		3,008
Thereafter		733
Total		14,772
Less imputed interest		(1,265	)
Total lease liabilities	$	13,507

Legal Proceedings

The Company, from time to time, may be party to litigation arising in the ordinary course of business. The Company was not subject to any material legal proceedings during the six months ended June 30, 2020 and, to the best of its knowledge, no material legal proceedings are currently pending or threatened.

Indemnification

The Company enters into standard indemnification arrangements in the ordinary course of business. Pursuant to these arrangements, the Company indemnifies, holds harmless and agrees to reimburse the indemnified parties for losses suffered or incurred by the indemnified party, in connection with any trade secret, copyright, patent or other intellectual property infringement claim by any third party with respect to its technology. The term of these indemnification agreements is generally perpetual any time after the execution of the agreement. The maximum potential amount of future payments the Company could be required to make under these arrangements is not determinable. The Company has never incurred costs to defend lawsuits or settle claims related to these indemnification agreements. As a result, the Company believes the fair value of these agreements is not material.