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Leases (Tables)
9 Months Ended
Sep. 30, 2020
Leases [Abstract]  
Components of Lease Cost

The components of lease cost for the three and nine months ended September 30, 2020 were as follows (in thousands):

 

 

 

Three Months Ended September 30, 2020

 

 

Nine Months Ended September 30, 2020

 

Operating lease cost

 

$

424

 

 

$

1,282

 

Sublease income

 

$

(56

)

 

$

(168

)

Variable lease cost

 

 

28

 

 

 

114

 

 

 

$

396

 

 

$

1,228

 

Schedule of Amounts Recognized

The amounts recognized as of September 30, 2020 were as follows (in thousands):

 

 

 

September 30, 2020

 

Right of use asset

 

$

2,652

 

Long-term lease liability

 

 

1,748

 

Other current liabilities

 

 

1,335

 

Schedule of Supplemental Information Related to Leases

Supplemental information related to leases for the periods reported is as follows (in thousands):

 

 

 

Nine Months Ended September 30, 2020

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

Operating cash flows from operating leases

 

 

1,306

 

Right-of-use assets obtained in exchange for new operating lease liabilities

 

 

135

 

Weighted-average remaining lease term of operating leases

 

2.40 years

 

Weighted-average discount rate of operating leases

 

5.42%

 

Schedule of Undiscounted Cash Flows to be Received Under Operating Sublease on an Annual Basis

As of September 30, 2020 undiscounted cash flows to be received under the Company’s operating sublease on an annual basis was as follows (in thousands):

 

 

 

Operating Leases

 

Years ending December 31,

 

 

 

 

Remainder of 2020

 

$

57

 

2021

 

 

235

 

2022

 

 

243

 

2023

 

 

251

 

2024

 

 

49

 

2025 and thereafter

 

 

 

 

$

835

 

Schedule of Sublease Income Recognized Net within Operating Expenses

Sublease income is recognized net within operating expenses. Sublease income for the three and nine months ended September 30, 2020 was as follows (in thousands):

 

 

 

Three Months Ended September 30, 2020

 

 

Nine Months Ended September 30, 2020

 

Sublease income from fixed lease payments

 

$

56

 

 

$

168