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Leases (Tables)
12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Schedule of Cost Components of Operating Lease

The cost components of the operating lease were as follows for the year ended December 31, 2019:

 

 

Year Ended

 

 

December 31, 2019

 

Lease Cost

 

 

 

Operating lease expense

$

436

 

Variable lease expense(1)

 

542

 

Lease Term and Discount Rate

 

 

 

Remaining lease term (years)

2.25

 

Discount rate

 

3.75

%

(1)

Variable lease costs are payments that vary because of changes in facts or circumstances and include common area maintenance and property taxes related to the premises. Variable lease costs are excluded from the calculation of minimum lease payments.

Future Minimum Lease Payments Future minimum lease payments as of December 31, 2019 were as follows:

Year ending December 31:

 

 

 

 

2020

 

650

 

2021

 

614

 

2022

 

147

 

Total future minimum lease payments

 

$

1,411

 

Less: imputed interest

 

 

(49

)

Less: future lease incentives reasonably certain of use

 

 

(451

)

Present value of lease liabilities

 

$

911