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Contractual Obligations and Commitments
6 Months Ended
Jun. 30, 2020
Commitments And Contingencies Disclosure [Abstract]  
Contractual Obligations and Commitments

12.

Contractual Obligations and Commitments

Operating Lease

 

The following table summarizes the contractual lease obligations as of June 30, 2020 (in thousands):

 

Years ended December 31,

 

Operating

Leases

 

Remainder of 2020

 

$

1,215

 

2021

 

 

2,371

 

2022

 

 

2,403

 

2023

 

 

2,400

 

2024

 

 

2,395

 

Thereafter

 

 

9,565

 

Total minimum lease payments

 

$

20,349

 

 

Purchase Commitments

Purchase commitments include agreements to purchase goods or services that are enforceable and legally binding on us and that specify all significant terms, including fixed or minimum quantities to be purchased, fixed, minimum or variable price provisions, and the approximate timing of the transaction. Such obligations are related principally to inventory purchase orders based on our current manufacturing needs and require significant lead times to be fulfilled by our vendors. Purchase commitments exclude agreements that are cancelable without penalty. As of June 30, 2020, our purchase commitments for the following 12 months were $1.1 million.