Leases (Tables)

3 Months Ended

Mar. 31, 2021

Leases [Abstract]

Reconciliation of Undiscounted Operating Lease Cash Flows to Operating Lease Liability Payments

The following table reconciles the Company’s undiscounted operating lease cash flows to its operating lease liability (in thousands):

	March 31, 2021
Remaining 2021	$	262
2022		406
2023		418
2024		430
2025		443
Thereafter		767
Total undiscounted lease payments		2,726
Present value adjustment for minimum lease commitments		(615	)
Tenant improvement allowance receivable		(211	)
Net lease liability	$	1,900

Weighted Average Remaining Lease Term and Weighted Average Discount Rate to Determine the Operating Lease Liability

The weighted average remaining lease term and the weighted average discount rate used to determine the operating lease liability were as follows:

	March 31, 2021
Weighted average remaining lease term (years)		6.4
Weighted average discount rate		8.1	%