Leases (Tables)

3 Months Ended

Mar. 31, 2020

Leases

Summary of the lease costs recognized under ASC 842

Operating leases (in thousands)	For the three months ended March 31, 2020
Lease Costs (1)
Operating lease costs	$	660
Total lease cost	$	660
Other information
Operating cash flows used for operating leases	$	407
Weighted average remaining lease term		10.3 years
Weighted average discount rate		9.73%

(1) Short-term lease costs and variable lease costs incurred by the Company for the three months ended March 31, 2020 were immaterial.

Schedule of future minimum commitments under ASC 842

Maturity of lease liabilities (in thousands)	As of March 31, 2020
Remainder 2020	$	1,696
2021		3,363
2022		3,435
2023		3,487
2024		3,557
2025 and thereafter		22,203
Total lease payments	$	37,741
Less: imputed interest		14,695
Total operating lease liabilities	$	23,046

Schedule of future minimum commitments under ASC 840

As previously disclosed in the Company’s 2019 Annual Report on Form 10-K and under the previous lease accounting standard, ASC 840, the total commitment for non-cancelable operating leases was $38.0 million as of December 31, 2019 (amounts in thousands):

2020	$	2,081
2021		3,322
2022		3,396
2023		3,480
2024 and Forward		25,760
	$	38,039