OTHER NONCURRENT ASSETS

12 Months Ended

Dec. 31, 2020

OTHER NONCURRENT ASSETS

OTHER NONCURRENT ASSETS

11. OTHER NONCURRENT ASSETS

The following table summarizes the Company’s components of other noncurrent assets (in thousands):

	December 31,
	2020		2019
Other investments	$	3,000	$	—
Right of use asset		1,810		2,289
Long-term deposits		69		—
Total other noncurrent assets	$	4,879	$	2,289

During the year ended December 31, 2020, the Company made an investment in a privately held company in the form of convertible debt for $3.0 million. Under the terms of this agreement, the debt will be converted to common stock of the investee upon the closing of a qualified financing, acquisition or change in control. The full principal balance plus 3% annual interest is due in two years and does not allow voluntary prepayment. As of December 31, 2020, the balance of other investments was $3.0 million. As of December 31, 2019, there were no other investments.