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Leases (Tables)
12 Months Ended
Dec. 31, 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

 

December 31, 2019

 

Assets

 

 

 

 

 

 

Operating

 

Operating lease right-of-use assets

 

$

4,726

 

Finance

 

Other non-current assets

 

 

56

 

Total leased assets

 

 

 

 

4,782

 

 

 

 

 

 

 

 

Leases

 

 

 

 

 

 

Current

 

 

 

 

 

 

Operating

 

Operating lease liabilities

 

 

351

 

Finance

 

Accrued and other current liabilities

 

 

28

 

Non-current

 

 

 

 

 

 

Operating

 

Non-current operating lease liabilities

 

 

4,712

 

Finance

 

Other non-current liabilities

 

 

31

 

Total lease liabilities

 

 

 

$

5,122

 

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:

 

 

 

December 31, 2019

 

Lease term (years)

 

 

 

 

Operating leases

 

 

7.7

 

Finance leases

 

 

2.0

 

 

 

 

 

 

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 December 31, 2019 were as follows (in thousands):

 

 

 

Operating Leases

 

 

Finance Leases

 

2020

 

$

1,167

 

 

$

32

 

2021

 

 

1,061

 

 

 

32

 

2022

 

 

1,007

 

 

 

 

2023

 

 

1,037

 

 

 

 

2024

 

 

1,069

 

 

 

 

 

Thereafter

 

 

3,796

 

 

 

 

Total lease payments

 

 

9,137

 

 

 

64

 

Less:

 

 

 

 

 

 

 

Imputed interest

 

 

(3,070

)

 

 

(5

)

Tenant allowance

 

 

(1,004

)

 

 

 

Total

 

$

5,063

 

 

$

59

 

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