Leases

6 Months Ended

Jun. 30, 2019

The Company leases office space in South Plainfield, New Jersey for its principal office under three noncancelable operating leases through May 2022 and August 2024, in addition to office space in various countries for international employees primarily through workspace providers. The Company also leases certain vehicles, lab equipment, and office equipment under operating leases. The Company’s operating leases have remaining lease terms ranging from 0.4 years to 7.0 years and certain of the leases include renewal options to extend the lease for up to 10 years.

The components of lease expense were as follows:



	Three Months Ended June 30, 2019		Six Months Ended June 30, 2019
Operating Lease Cost
Fixed lease cost	$	835	$	1,647
Variable lease cost	161		304
Short-term lease cost	88		141
Total operating lease cost	$	1,084	$	2,092

Total operating lease cost is a component of operating expenses on the consolidated statements of operations.

Supplemental balance sheet information related to leases was as follows:



	June 30, 2019

Operating lease ROU asset	$	10,387

Operating lease liabilities- current	$	2,143
Operating lease liabilities- noncurrent	8,416
Total operating lease liability	$	10,559

Operating lease ROU asset is a component of deposits and other assets on the consolidated balance sheet. The current portion of operating lease liability is a component of other current liabilities on the consolidated balance sheet. The long term portion of operating lease liabilities is a component of other long term liabilities on the consolidated balance sheet.

Supplemental lease term and discount rate information related to leases was as follows:



	June 30, 2019

Weighted-average remaining lease terms - operating leases (years)	4.51
Weighted-average discount rate - operating leases	7.18	%

Supplemental cash flow information related to leases was as follows:



	Six Months Ended June 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	1,508
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	11,643

Future minimum lease payments under non-cancelable leases as of June 30, 2019 were as follows:



	Operating Leases
2019 (Excludes the six months ended June 30, 2019)	$	1,371
2020	3,023
2021	2,494
2022	2,147
2023 and thereafter	2,160
Total lease payments	11,195
Less: Imputed Interest	636
Total	$	10,559

As of June 30, 2019, the Company had no operating leases that had not yet commenced.