Commitments and Contingencies (Tables)

9 Months Ended

Sep. 30, 2020

Commitments And Contingencies Disclosure [Abstract]

Summary of Right of Use Asset and Lease Liabilities Related to Operating Leases

As of September 30, 2020 and December 31, 2019, the right-of-use assets and lease liabilities related to operating leases were as follows (in thousands):

	September 30,		December 31,
	2020		2019
Right-of-use assets	$	1,131	$	1,058
Lease liabilities － Current	$	704	$	549
Lease liabilities － Non-Current		449		518
Total lease liabilities	$	1,153	$	1,067

Schedule of Lease Costs and Weighted-Average Assumptions Used in Determining its Right-of-Use Assets and Lease Liabilities

The following tables summarize the Company’s lease costs and weighted-average assumptions used in determining its right-of-use assets and lease liabilities (in thousands):

	Nine Months Ended			Nine Months Ended
	September 30, 2020			September 30, 2019
Operating lease cost (1)	$	549		$	501
Cash paid for operating leases (2)	$	542		$	508
Right-of-use assets obtained in exchange for operating lease liabilities (3)	$	585		$	839
Weighted average remaining term for operating leases	1.64 years			0.66 years
Weighted average discount rate for operating leases		6.0	%		6.0	%

(1) Operating lease cost for the three months ended September 30, 2020 and 2019 were $0.2 million and $0.2 million, respectively.

(2) Cash paid for operating leases for the three months ended September 30, 2020 and 2019 were $0.2 million and $0.2 million, respectively.

(3) During the nine months ended September 30, 2020, the Company modified 4 existing operating leases. One of the lease modifications was treated as a separate contract as an additional right-of-use asset was granted. During the nine months ended September 30, 2019, there were no new leases that commenced. The balance represents the right-of-use assets recognized upon adoption of ASC 842.

Schedule of Aggregate Future Minimum Lease Payments Under Operating Leases

As of September 30, 2020, the aggregate future minimum lease payments under operating leases consist of the following (in thousands):

Year Ending December 31,	Amount
2020 (remaining three months)	$	197
2021		740
2022		266
Total		1,203
Less effects of discounting		(50	)
Lease liabilities recognized	$	1,153