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Leases - (Tables)

9 Months Ended

Sep. 30, 2020

Leases [Abstract]

Lease costs

The components of operating lease expense were as follows:

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Three Months Ended

Three Months Ended

Nine Months Ended

Nine Months Ended

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September 30, 2020

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September 30, 2019

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September 30, 2020

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September 30, 2019

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Operating Lease Cost

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Fixed lease cost

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$

4,097

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$

1,431

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$

7,896

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$

3,078

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Variable lease cost

​

890

​

184

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1,914

​

488

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Short-term lease cost

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175

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94

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340

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235

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Total operating lease cost

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$

5,162

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$

1,709

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$

10,150

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$

3,801

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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:

​	​	​	​	​	​	​	​
​		September 30, 2020			December 31, 2019		​
​	​	​	​	​	​	​	​
Operating lease ROU asset	​	$	85,810	​	$	13,693	​
​	​	​	​	​	​	​	​
Operating lease liabilities- current	​	$	5,859	​	$	5,153	​
Operating lease liabilities- noncurrent	​		81,674	​		9,018	​
Total operating lease liability	​	$	87,533	​	$	14,171	​

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​	​	​	​	​	​	​	​
​		September 30, 2020			December 31, 2019		​
Finance lease liabilities- current	​	$	1,251	​	$	—	​
Finance lease liabilities- noncurrent	​		22,608	​		—	​
Total finance lease liability	​	$	23,859	​	$	—	​

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The Company’s leases in Bridgewater, New Jersey and Hopewell Township, New Jersey are the primary drivers of the increase in total operating lease ROU asset and total operating lease liability from December 31, 2019 to September 30, 2020.

Supplemental lease term and discount rate information related to leases was as follows as of September 30, 2020 and December 31, 2019:

​	​	​	​	​	​	​
​		September 30, 2020		December 31, 2019
​	​	​	​	​	​	​
Weighted-average remaining lease terms - operating leases (years)		11.66	​	3.38	​
Weighted-average discount rate - operating leases	​	8.64	%	7.33	%	​
Weighted-average remaining lease terms - finance lease (years)		12.25	​	—	​
Weighted-average discount rate - finance lease		7.80	%	—	​

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Supplemental cash flow information related to leases was as follows as of September 30, 2020 and 2019:

​	​	​	​	​	​	​	​
​		Nine Months Ended September 30,					​
​		2020			2019		​
Cash paid for amounts included in the measurement of lease liabilities:		​		​	​		​
Operating cash flows from operating leases	​	$	5,611	​	$	2,751	​
Financing cash flows from finance lease	​	​	17,829	​	​	—	​
​	​	​	​	​	​	​	​
Right-of-use assets obtained in exchange for lease obligations:	​			​			​
Operating leases	​	$	76,657	​	$	16,120	​
Finance lease	​	​	41,382	​	​	—	​

Lease payments - Operating Leases

Future minimum lease payments under non-cancelable leases as of September 30, 2020 were as follows:

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​	​	​	​	​	​	​	​
​		Operating Leases			Finance Lease		​
2020 (excludes the nine months ended September 30, 2020)	​	$	2,842	​	$	—	​
2021	​		13,472	​		3,000	​
2022	​		13,229	​		3,000	​
2023	​		12,831	​		3,000	​
2024 and thereafter	​		104,142	​		27,000	​
Total lease payments	​		146,516	​		36,000	​
Less: Imputed Interest expense	​		58,983	​		12,141	​
Total	​	$	87,533	​	$	23,859	​

Lease payments - Finance Leases

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​	​	​	​	​	​	​	​
​		Operating Leases			Finance Lease		​
2020 (excludes the nine months ended September 30, 2020)	​	$	2,842	​	$	—	​
2021	​		13,472	​		3,000	​
2022	​		13,229	​		3,000	​
2023	​		12,831	​		3,000	​
2024 and thereafter	​		104,142	​		27,000	​
Total lease payments	​		146,516	​		36,000	​
Less: Imputed Interest expense	​		58,983	​		12,141	​
Total	​	$	87,533	​	$	23,859	​

X

- Definition

Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918701-209980

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X

- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918686-209980

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- References

No definition available.

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X

- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918701-209980

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