Commitments and Contingencies (Tables)

6 Months Ended

Jun. 30, 2020

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 Three Months Ended		For Six Months Ended
	June 30,		June 30,
	2020		2020
Lease Cost:
Operating lease cost	$	344	$	687
Variable lease cost		210		377
Total lease cost	$	554	$	1,064

	For Six Months Ended
	June 30,
	2020
Other information:
Operating cash flows used for operating leases	$	706
Weighted average remaining lease term		3.25 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 June 30, 2020 (in thousands):

Year Ending December 31,
2020 (excluding the six months ended June 30, 2020)	$	740
2021		1,619
2022		1,668
2023		1,279
Total lease payments		5,306
Less imputed interest		(544)
Total operating lease liabilities	$	4,762