Commitments and Contingencies (Tables)

6 Months Ended

Jun. 30, 2020

Summary of Lease Liabilities and Right-of-Use Assets

The table below summarizes the Company’s lease liabilities and corresponding right-of-use assets (in thousands, except year and rates):

	As of June 30, 2020
Assets
Operating	$	707
Financing	71
Total leased assets	$	778

Liabilities
Current:
Operating	$	139
Financing	79
Noncurrent:
Operating	589
Financing	—
Total lease liabilities	$	807

Weighted-average remaining lease term (years) - operating leases	6.61
Weighted-average remaining lease term (years) - finance leases	0.6
Weighted-average discount rate - operating leases		7.9	%
Weighted-average discount rate - finance leases		5.0	%

Summary of Lease Costs

The table below summarizes the Company’s lease costs from its consolidated condensed statement of operations and comprehensive loss, and cash payments from its consolidated condensed statement of cash flows during the three and six months ended June 30, 2020 (in thousands):

	Three Months Ended				Six Months Ended
	June 30, 2020		June 30, 2019		June 30, 2020		June 30, 2019
Lease expense:
Operating lease expense	$	53	$	55	$	108	$	109
Finance lease expense:
Depreciation of right-of-use assets	31		28		63		56
Interest expense on lease liabilities	1		6		3		12
Total lease expense	$	85	$	89	$	174	$	177

Cash payment information:
Operating cash used for operating leases	$	48	$	55	$	99	$	109
Financing cash used for financing leases	33		20		51		28
Total cash paid for amounts included in the measurement of lease liabilities	$	81	$	75	$	150	$	137

Summary of Future Minimum Annual Lease Payments under Operating and Financing Leases

Total rent expense for the three and six months ended June 30, 2020 was $34,000 and $129,000, respectively, which includes leases in the table above, month-to-month operating leases, and common area maintenance charges.

The Company’s future minimum annual lease payments under operating and financing leases at June 30, 2020 are as follows in (thousands):


	Financing Leases			Operating Leases

Remaining 2020	$	72		$	106
2021	7			183
2022		—		123
2023		—		100
Thereafter		—		448
Total minimum lease payments	$	79		$	960
Less: amount representing interest		—			(232	)
Present value of obligations under leases	79				728
Less: current portion		(79	)		(139	)
Noncurrent lease obligations	$	—		$	589