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Leases (Tables)
12 Months Ended
Dec. 31, 2020
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):

 

 

 

 

 

December 31,

 

 

 

Classification

 

2020

 

 

2019

 

Assets

 

 

 

 

 

 

 

 

 

 

Operating

 

Operating lease right-of-use assets

 

$

4,230

 

 

$

4,726

 

Finance

 

Other non-current assets

 

 

68

 

 

 

56

 

Total leased assets

 

 

 

 

4,298

 

 

 

4,782

 

 

 

 

 

 

 

 

 

 

 

 

Leases

 

 

 

 

 

 

 

 

 

 

Current

 

 

 

 

 

 

 

 

 

 

Operating

 

Operating lease liabilities

 

 

319

 

 

 

351

 

Finance

 

Accrued and other current liabilities

 

 

27

 

 

 

28

 

Non-current

 

 

 

 

 

 

 

 

 

 

Operating

 

Non-current operating lease liabilities

 

 

5,129

 

 

 

4,712

 

Finance

 

Other non-current liabilities

 

 

45

 

 

 

31

 

Total lease liabilities

 

 

 

$

5,520

 

 

$

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,

 

 

 

2020

 

 

2019

 

Lease term (years)

 

 

 

 

 

 

 

 

Operating leases

 

 

7.3

 

 

 

7.7

 

Finance leases

 

 

2.6

 

 

 

2.0

 

 

 

 

 

 

 

 

 

 

Discount rate

 

 

 

 

 

 

 

 

Operating leases

 

 

10.7

%

 

 

10.6

%

Finance leases

 

 

10.2

%

 

 

9.5

%

Summary of Lease Cost

The following table summarizes the lease costs pertaining to the Company’s operating leases (in thousands):

 

 

Year Ended December 31,

 

 

 

2020

 

 

2019

 

 

2018

 

Operating lease cost

 

$

1,258

 

 

$

946

 

 

$

401

 

Variable lease cost

 

 

665

 

 

 

331

 

 

 

198

 

Total lease cost

 

$

1,923

 

 

$

1,277

 

 

$

599

 

 

Schedule of Maturities of Operating and Finance Lease Liabilities

The maturities of the Company’s operating and finance lease liabilities as of December 31, 2020 were as follows (in thousands):

 

 

 

Operating Leases

 

 

Finance Leases

 

2021

 

$

995

 

 

$

32

 

2022

 

 

1,033

 

 

 

32

 

2023

 

 

1,064

 

 

 

17

 

2024

 

 

1,096

 

 

 

 

2025

 

 

1,129

 

 

 

 

Thereafter

 

 

2,765

 

 

 

 

Total lease payments

 

 

8,082

 

 

 

81

 

Less:

 

 

 

 

 

 

 

 

Imputed interest

 

 

(2,525

)

 

 

(9

)

Tenant allowance

 

 

(109

)

 

 

 

Total

 

$

5,448

 

 

$

72