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Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 2021
Commitments And Contingencies Disclosure [Abstract]  
Remaining Purchase Requirements

In May 2021, the Company and Amphastar amended the Insulin Supply Agreement to extend the term and restructure the annual purchase commitments. In connection with the amendment, the Company agreed to pay $2.0 million of amendment fees, which were recognized in cost of goods sold for the three and six months ended June 30, 2021. The remaining purchase commitments as of June 30, 2021 and March 31, 2021 (pre-amendment) were as follows:

 

 

June 30, 2021

 

March 31, 2021

 

2021

2.0 million

 

7.0 million

 

2022

5.4 million

 

8.5 million

 

2023

8.7 million

 

10.9 million

 

2024

14.6 million

 

14.6 million

 

2025

15.5 million

 

15.5 million

 

2026

19.4 million

 

19.4 million

 

2027

9.2 million

 

 

 

 

Summary of Lease Information

Lease information is as follows (in thousands):

 

Three Months Ended

June 30,

 

 

Six Months Ended

June 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Operating lease costs

 

$

340

 

 

$

352

 

 

$

685

 

 

$

703

 

Variable lease costs

 

 

114

 

 

 

79

 

 

 

231

 

 

 

180

 

Cash paid

 

 

454

 

 

 

431

 

 

 

916

 

 

 

883

 

Schedule of Lease Term and Discount Rate

 

June 30, 2021

 

 

December 31, 2020

 

Weighted average remaining lease term (in years)

 

 

1.5

 

 

 

1.9

 

Weighted average discount rate

 

 

7.3

%

 

 

7.5

%

Schedule of Future Minimum Office And Vehicle Lease Payments

Future minimum office and vehicle lease payments as of June 30, 2021 and December 31, 2020, are as follows (in thousands):

 

 

June 30, 2021

 

 

December 31, 2020

 

2021

 

$

722

 

 

$

1,494

 

2022

 

 

1,213

 

 

 

1,239

 

2023

 

 

88

 

 

 

88

 

Total

 

$

2,023

 

 

$

2,821