Leases (Tables)

9 Months Ended

Sep. 30, 2019

Leases [Abstract]

Summary of Operating and Finance Leases Presented in Balance Sheet

The following table summarizes the Company’s recognition of its operating and finance leases (in thousands):

	Classification	September 30, 2019
Assets
Operating	Operating lease right-of-use assets	$	4,872
Finance	Other non-current assets		63
Total leased assets			4,935
Liabilities
Current
Operating	Operating lease liabilities		289
Finance	Accrued and other current liabilities		28
Non-current
Operating	Non-current operating lease liabilities		4,867
Finance	Other non-current liabilities		38
Total lease liabilities		$	5,222

Summary of Weighted Average Remaining Lease Term and Discount Rates For Company's Operating and Finance Leases

The following table summarizes the weighted-average remaining lease term and discount rates for the Company’s operating and finance leases:

	September 30, 2019
Lease term (years)
Operating leases		7.9
Finance leases		2.5
Discount rate
Operating leases	10.6%
Finance leases	9.5%

Schedule of Maturities of Operating and Finance Lease Liabilities

The maturities of the Company’s operating and finance lease liabilities as of September 30, 2019 were as follows (in thousands):

	Operating Leases			Finance Leases
2019 (excluding the nine months ended September 30, 2019)	$	169		$	9
2020		1,252			32
2021		1,061			32
2022		1,007			—
2023		1,037			—
Thereafter		4,865			—
Total lease payments		9,391			73
Less:
Imputed interest		(3,231	)		(7	)
Tenant allowance		(1,004	)		—
Total	$	5,156		$	66

Summary of Future Annual Minimum Lease Payments Due Under Non-cancellable Operating Leases

As of December 31, 2018, future annual minimum lease payments, as defined under the previous lease accounting guidance of ASC Topic 840, due under non-cancelable operating leases at December 31 of each year are as follows (in thousands):

2019	$	397
2020		409
2021		83
Thereafter		—
Total minimum lease payments	$	889