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Leases | 9 Months Ended
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Sep. 30, 2020
Leases [Abstract] |
Leases | Note 7. Leases In February 2015, the Company entered into a noncancelable operating lease for approximately 31,280 square feet of space used for its current laboratory and corporate headquarters. In April 2020, the Company extended the lease term. The lease expires on November 30, 2027 and includes an option to extend the term for a period of three years with rent payments equal to then current fair market rental for the space. The Company determined the extension option is not reasonably certain to be exercised. The lease contains a leasehold improvement incentive and escalating rent payments. In August 2019, the Company entered into a noncancelable operating lease for a co-located data center space. The lease expires on August 31, 2022 and includes an option to extend the term for a period of three years immediately following the expiration of the term with rent payments to be negotiated upon such a renewal. The Company determined the extension option is not reasonably certain to be exercised. In April 2020, the lease was modified to increase the data center space available for the Company’s use for the remainder of the lease term. Operating lease cost for the three months ended September 30, 2020 and 2019 was $0.6 million and $0.3 million, respectively, and for the nine months ended September 30, 2020 and 2019 was $1.6 million and $0.8 million, respectively. As of September 30, 2020, the Company’s operating leases had a weighted-average remaining lease term of 6.6 years and a weighted-average discount rate of 10.7%. The Company’s discount rates are based on estimates of its incremental borrowing rate, as the discount rates implicit in the Company’s leases cannot be readily determined. Future lease payments under operating leases as of September 30, 2020 were as follows (in thousands):
|  | Amount |
2020 (remaining three months) |  | $ | 505 |
2021 |  |  | 2,558 |
2022 |  |  | 2,194 |
2023 |  |  | 2,046 |
2024 |  |  | 2,113 |
2025 and thereafter |  |  | 6,560 |
Total future minimum lease payments |  |  | 15,976 |
Less: imputed interest |  |  | (4,777 | )
Present value of future minimum lease payments |  |  | 11,199 |
Less: current portion of operating lease liability |  |  | (2,302 | )
Long-term operating lease liabilities |  | $ | 8,897 |
Cash paid for operating lease liabilities, included in cash flows from operating activities in the condensed consolidated statement of cash flows, for the nine months ended September 30, 2020 and 2019, was $1.2 million and $0.8 million, respectively. Right-of-use assets obtained in exchange for new operating lease liabilities during the nine months ended September 30, 2020 and 2019 were $9.8 million and $2.8 million, respectively, including the impact of adopting ASU 2016-02, Leases (Topic 842) in the first quarter of 2019.

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- 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
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