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Leases (Tables)

12 Months Ended

Dec. 31, 2020

Leases [Abstract]

Lease, Cost

For the years ended December 31, 2020, 2019 and 2018, the Company recorded the following lease expenses:

		Year Ended December 31,
		2020				2019				2018
		(in thousands)
Operating lease expense		$	640			$	380			$	380
Variable lease payment		$	289			$	250			$	229
Total lease expense		$	929			$	630			$	609

Additional information related to the operating lease for the period the Company adopted ASC 842 is as follows:

		Year Ended December 31, 2020
		(in thousands)
Cash paid for operating leases included in operating cash flows		$	828
Operating lease ROU assets obtained in exchange for new lease liabilities			5,362
Total		$	6,190
Weighted-average remaining lease term—operating lease (in years)			8.08
Weighted-average discount rate—operating lease			7.72	%

Assets and Liabilities, Lessee

The balance of our operating lease ROU asset and operating lease liability as of December 31, 2020 is summarized below. The current and non-current lease liabilities are reflected in other current liabilities and non-current operating lease liabilities, respectively, on our consolidated balance sheets:

		At December 31, 2020
		(in thousands)
Operating lease right-of-use asset		$	5,911
Accumulated amortization			(178	)
Net Operating lease right-of-use assets, net		$	5,733
Lease liability, current		$	364
Lease liability, non-current			5,138
Total operating lease liability		$	5,502

Lessee, Operating Lease, Liability, Maturity

The maturities of lease liabilities are as follows:

		At December 31, 2020
		(in thousands)
2021		$	774
2022			869
2023			894
2024			920
2025			945
Thereafter			3,073
Total undiscounted liabilities			7,475
Less: Interest			1,973
Present value of lease liabilities		$	5,502

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- Definition

Assets And Liabilities, Lessee

+ References

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- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918686-209980

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- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918701-209980

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