Leases (Tables)

6 Months Ended

Jun. 30, 2020

Leases

Summary of the lease costs recognized under ASC 842

The following table contains a summary of the lease costs recognized under ASC 842 and other information pertaining to the Company’s operating leases for the three and six months ended June 30, 2020:

Operating leases (in thousands)	For the three months ended June 30, 2020			For the six months ended June 30, 2020
Lease Costs (1)
Operating lease costs	$	667		$	1,327
Total lease cost	$	667		$	1,327
Other information
Operating cash flows used for operating leases	$	407			832
Weighted average remaining lease term		10.1	years
Weighted average discount rate		9.73%

(1) Short-term lease costs and variable lease costs incurred by the Company for the three and six months ended June 30, 2020 were immaterial.

Schedule of future minimum commitments under ASC 842

Maturity of lease liabilities (in thousands)	As of June 30, 2020
Remainder 2020	$	1,271
2021		3,363
2022		3,435
2023		3,487
2024		3,557
2025 and thereafter		22,211
Total lease payments	$	37,324
Less: imputed interest		14,137
Total operating lease liabilities	$	23,187