Commitments and Contingencies (Tables)

6 Months Ended

Jun. 30, 2021

Commitments And Contingencies Disclosure [Abstract]

Summary of Lease Liabilities and Right-of-Use Assets

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

	June 30, 2021
Assets
Operating	$	638
Total leased assets	$	638
Liabilities
Current:
Operating	$	127
Noncurrent:
Operating	530
Total lease liabilities	$	657
Weighted-average remaining lease term (years) - operating leases	5.79
Weighted-average discount rate - operating leases		7.0	%

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 and six months ended June 30, 2021 and 2020 (in thousands):

	Three Months Ended				Six Months Ended
	June 30, 2021		June 30, 2020		June 30, 2021		June 30, 2020
Lease expense:
Operating lease expense	$	58	$	53	$	108	$	108
Finance lease expense:
Depreciation of right-of-use assets		3	31		7		63
Interest expense on lease liabilities		—	1			—	3
Total lease expense	$	61	$	85	$	115	$	174
Cash payment information:
Operating cash used for operating leases	$	56	$	48	$	106	$	99
Financing cash used for financing leases		3		33		8		51
Total cash paid for amounts included in the measurement of lease liabilities	$	59	$	81	$	114	$	150

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

The Company’s future minimum annual lease payments under operating and financing leases at June 30, 2021 are as follows (in thousands):


	Operating Leases

Remaining 2021	$	100
2022	154
2023	131
2024	114
2025	108
Thereafter	234
Total minimum lease payments	$	841
Less: amount representing interest		(184	)
Present value of obligations under leases	$	657
Less: current portion		(127	)
Noncurrent lease obligations	$	530