Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2019

Commitments and Contingencies

Summary of lease costs

Other information related to the Company’s lease is as follows (in thousands, except lease term and discount rate):

	For Year Ended
	December 31,
	2019
Lease Cost:
Operating lease cost	$	1,375
Variable lease cost		674
Total lease cost	$	2,049

	For Year Ended
	December 31,
	2019
Other information:
Operating cash flows used for operating leases	$	1,266
Weighted average remaining lease term		3.75 years
Weighted average incremental borrowing rate		6.47	%

Summary of minimum lease payments

The following is a maturity analysis of the annual undiscounted cash flows reconciled to the carrying value of the operating lease liabilities as of December 31, 2019 (in thousands):

Year Ending December 31,
2020	$	1,446
2021		1,619
2022		1,668
2023		1,279
Total lease payments		6,012
Less imputed interest		(709)
Total operating lease liabilities	$	5,303