XML 32 R17.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Leases | 12 Months Ended
--- | ---
Dec. 31, 2019
Lessee Disclosure [Abstract] |
Leases |
9. | Leases
The Company leases office space for its corporate headquarters, located in South San Francisco, CA. The lease term is through April 30, 2023 and there are no stated renewal options. Operating lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term. In calculating the present value of the lease payments, the Company has elected to utilize its incremental borrowing rate based on the original lease term and not the remaining lease term. The lease includes non-lease components (e.g., common area maintenance) that are paid separately from rent based on actual costs incurred and therefore were not included in the right-of-use asset and lease liability but are reflected as an expense in the period incurred. For the year ended December 31, 2019, the Company’s operating lease expense was $0.6 million. The present value assumptions used in calculating the present value of the lease payments were as follows:
Weighted-average remaining lease term |  |  |  | 3.33 years |
Weighted-average discount rate |  |  |  |  | 6.0 | %
The maturity of the Company’s operating lease liabilities as of December 31, 2019 were as follows (in thousands):
Undiscounted lease payments |  | Operating Leases |
2020 |  | $ | 578 |
2021 |  |  | 596 |
2022 |  |  | 613 |
2023 |  |  | 209 |
Total undiscounted lease payments |  | $ | 1,996 |
Less: imputed interest |  |  | (194 | )
Total operating lease liability |  |  | 1,802 |
Less: current portion of operating lease liability |  |  | 483 |
Operating lease liability, noncurrent |  | $ | 1,319 |
Supplemental cash flow information for the year ended December 31, 2019 related to operating leases was as follows (in thousands):
Cash paid for leases that were included in operating cash outflows |  | $ | 562 |

X
- References No definition available. + Details
Name: | us-gaap_LesseeDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration