Lease Commitments (Tables)

9 Months Ended

Sep. 30, 2020

Leases [Abstract]

Summary of Supplemental Balance Sheet Information Related to the Operating Leases

The following table summarizes supplemental balance sheet information related to the operating leases as of September 30, 2020 and December 31, 2019.

	September 30,		December 31,
	2020		2019
Assets:
Operating lease right-of-use assets		2,485		933
Total right-of-use assets	$	2,485	$	933
Liabilities:
Operating lease liabilities, current		431		161
Operating lease liabilities, non-current		1,644		635
Total operating lease liabilities	$	2,075	$	796

Summary of Future Minimum Lease Payments Under Operating Leases

As of September 30, 2020, the future minimum annual lease payments under the operating leases were as follows (in thousands):

2020	$	120
2021		490
2022		503
2023		516
2024		529
Thereafter		342
Total minimum lease payments	$	2,500
Less: amount representing interest		(425	)
Present value of operating lease liabilities		2,075
Less: operating lease liabilities, current		(431	)
Operating lease liabilities	$	1,644
Weighted-average remaining lease term (in years)		4.81
Weighted-average incremental borrowing rate		7.25	%