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Commitments and Contingencies (Tables)

3 Months Ended

Mar. 31, 2021

Commitments And Contingencies Disclosure [Abstract]

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 years and rates):

	March 31, 2021
Assets
Operating	$	600
Financing		3
Total leased assets	$	603

Liabilities
Current:
Operating	$	113
Financing	3
Noncurrent:
Operating	503
Financing		—
Total lease liabilities	$	619

Weighted-average remaining lease term (years) - operating leases	6.29
Weighted-average remaining lease term (years) - finance leases	0.17
Weighted-average discount rate - operating leases		7.8	%
Weighted-average discount rate - finance leases		5.0	%

Summary of Lease Costs

The table below summarizes the Company’s lease costs from its unaudited consolidated condensed statement of operations, and cash payments from its unaudited consolidated condensed statement of cash flows during the three months ended March 31, 2021 and 2020 (in thousands):

	Three Months Ended
	March 31, 2021		March 31, 2020
Lease expense:
Operating lease expense	$	50	$	55
Finance lease expense:
Depreciation of right-of-use assets		4	32
Interest expense on lease liabilities		—	2
Total lease expense	$	54	$	89

Cash payment information:
Operating cash used for operating leases	$	49	$	51
Financing cash used for financing leases	6		18
Total cash paid for amounts included in the measurement of lease liabilities	$	55	$	69

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

Total rent expenses for the three months ended March 31, 2021 and 2020 was $50,000 and $95,000, 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 March 31, 2021 are as follows (in thousands):


	Financing Leases		Operating Leases

Remaining 2021	$	3	$	134
2022		—	123
2023		—	100
2024		—	106
2025		—	108
Thereafter		—	233
Total minimum lease payments	$	3	$	804
Less: amount representing interest		—		(188	)
Present value of obligations under leases	$	3	$	616
Less: current portion		—		(113	)
Noncurrent lease obligations	$	3	$	503