Commitments and Contingencies (Tables)

9 Months Ended

Sep. 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):

	September 30, 2021
Assets
Operating	$	559
Total leased assets	$	559
Liabilities
Current:
Operating	$	106
Noncurrent:
Operating	504
Total lease liabilities	$	610
Weighted-average remaining lease term (years) - operating leases	5.97
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 nine months ended September 30, 2021 and 2020 (in thousands):

	Three Months Ended				Nine Months Ended
	September 30, 2021		September 30, 2020		September 30, 2021		September 30, 2020
Lease expense:
Operating lease expense	$	58	$	52	$	166	$	160
Finance lease expense:
Depreciation of right-of-use assets		—	32		7		95
Interest expense on lease liabilities		—	1			—	4
Total lease expense	$	58	$	85	$	173	$	259
Cash payment information:
Operating cash used for operating leases	$	56	$	56	$	162	$	155
Financing cash used for financing leases		—		42		8		93
Total cash paid for amounts included in the measurement of lease liabilities	$	56	$	98	$	170	$	248

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 September 30, 2021 are as follows (in thousands):

	Operating Leases

Remaining 2021	$	44
2022	154
2023	131
2024	114
2025	108
Thereafter	234
Total minimum lease payments	$	785
Less: amount representing interest		(175	)
Present value of obligations under leases	$	610
Less: current portion		(106	)
Noncurrent lease obligations	$	504