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Commitments and Contingencies (Tables)
3 Months Ended
Mar. 31, 2020
Commitments And Contingencies Disclosure [Abstract]  
Schedule of Future Minimum Lease Payments for Operating Leases

The future minimum lease payments for the next five years and thereafter as of March 31, 2020, are as follows:

 

Year Ending December 31,

 

Operating

 

(in thousands)

Leases

 

2020 (April - December)

 

 

824

 

2021

 

 

1,120

 

2022

 

 

1,143

 

2023

 

 

1,165

 

2024

 

 

1,189

 

Thereafter

 

 

5,396

 

Total lease payments

 

 

10,837

 

Less: imputed interest

 

 

(4,081

)

Present value of lease liabilities

 

$

6,756

 

Schedule of Components of Leases Expense The components of lease expense are as follows:

 

 

 

Three Months Ended March 31,

 

 

2020

 

 

2019

 

 

 

(in thousands)

 

Operating lease cost

 

$

331

 

 

$

127

 

Short-term lease cost

 

 

 

 

 

41

 

Sublease income

 

 

(28

)

 

 

(28

)

Total lease cost

 

$

303

 

 

$

140

 

 

Schedule of Weighted Average Remaining Lease Term and Weighted Average Discount Rate of Operating Leases

The weighted average remaining lease term and weighted average discount rate of our operating leases are as follows:

 

 

 

As of March 31,

 

 

As of December 31,

 

 

2020

 

 

2019

 

Weighted average remaining lease term in years

 

 

9.24

 

 

 

9.49

 

Weighted average discount rate

 

 

11.1

%

 

 

11.1

%