Operating Leases (Tables)

6 Months Ended

Jun. 30, 2020

Leases [Abstract]

Summary Of Quantitative Information About Operating Leases

The following table summarizes quantitative information about the Company’s operating leases for the six months ended June 30, 2020 and 2019 (dollars in thousands):

	Six Months Ended June 30,
	2020			2019
	(unaudited)
Operating cash flows used in operating leases	$	507		$	477
Right-of-use assets exchanged for operating lease liabilities	$	—		$	2,978
Weighted-average remaining lease term – operating leases		1.8 years			2.3 years
Weighted-average discount rate – operating leases		7.0	%		7.0	%

Summary Of Components Of Lease Cost

The following table provides the components of the Company’s lease cost (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
	(unaudited)				(unaudited)
Operating leases
Operating lease cost	$	216	$	216	$	432	$	432
Variable lease cost		92		40		165		104
Total rent expense	$	308	$	256	$	597	$	536

Summary Of Future Minimum Payments Under The Non-cancelable Operating Leases

As of June 30, 2020, future minimum payments under the non-cancelable operating leases under ASC 842 were as follows (in thousands):

Six months ending December 31, 2020	$	507
Year ending December 31, 2021		1,044
Year ending December 31, 2022		1,074
Year ending December 31, 2023		51
Year ending December 31, 2024		51
Total		2,727
Less: present value discount		(251	)
Operating lease liabilities	$	2,476