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Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 2019
Commitments and Contingencies  
Summary of lease costs

Other information related to the Company’s lease was as follows (in thousands, except lease term and discount rate):

 

 

 

 

 

 

 

 

 

For Three Months Ended

 

 

For Six Months Ended

 

 

June 30, 

    

    

June 30, 

    

 

2019

 

 

2019

 

Lease Cost:

 

 

 

 

 

 

 

Operating lease cost

$

343

 

 

$

686

 

Variable lease cost

 

179

 

 

 

358

 

Total lease cost

$

522

 

 

$

1,044

 

 

 

 

 

 

 

For Six Months Ended

 

 

June 30, 

 

 

2019

 

Other information:

 

 

 

Operating cash flows used for operating leases

$

572

 

Weighted average remaining lease term

 

4.17 years

 

Weighted average discount rate

 

6.47

%  

 

Summary of minimum lease payments

The following is a maturity analysis of the annual undiscounted cash flows reconciled to the carrying value of the operating lease liabilities as of June 30, 2019 (in thousands):

 

 

 

 

Year Ending December 31, 

    

 

 

2019 (excluding the six months ended June 30, 2019)

 

$

696

2020

 

 

1,447

2021

 

 

1,623

2022

 

 

1,672

2023

 

 

1,137

Thereafter

 

 

 —

Total lease payments

 

 

6,575

Less imputed interest

 

 

(857)

Total operating lease liabilities

 

$

5,718