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Leases (Tables) | 12 Months Ended
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Dec. 31, 2020
Leases [Abstract] |
Summary of Lease Costs | The following tables contains a summary of the lease costs recognized under ASC 842 and other information pertaining to the Company’s operating leases for the years ended December 31, 2020 and 2019:
|  | December 31, 2020 |  |  | December 31, 2019 |
|  | (in thousands) |
Operating Leases |  |  |  |  |  |  |  |
Lease Cost |  |  |  |  |  |  |  |
Operating lease cost |  | $ | 999 |  |  | $ | 411 |
Short-term lease cost |  | 51 |  |  | 12 |
Variable lease cost |  | 161 |  |  | 248 |
Total lease cost |  | $ | 1,211 |  |  | $ | 671 |
Summary of Other Operating Lease Information |
|  | December 31, 2020 |  |  | December 31, 2019 |
Other Operating Lease Information |  | (in thousands, except as specified otherwise) |
Operating cash flows for operating leases |  | $ | 802 |  |  | $ | 426 |
Right-of-use assets obtained in exchange for new operating lease liability |  | $ | 4,538 |  |  | $ | 1,074 |
Weighted-average remaining lease term |  | 4.5 years |  |  | 1.79 years |
Weighted-average discount rate |  |  | 5.1 | % |  |  | 7.6 | %
Summary of Future Minimum Lease Payments under Operating Leases | Future minimum lease payments under the Company’s operating leases as of December 31, 2020 were as follows:
|  | December 31, 2020 |
|  |  | (in thousands) |
Maturity of Lease Liabilities |  |  |  |
2021 |  | $ | 871 |
2022 |  |  | 780 |
2023 |  |  | 1,053 |
2024 |  |  | 1,069 |
2025 |  |  | 720 |
Total lease payments |  | $ | 4,493 |
Less: interest |  |  | (488 | )
Total lease liabilities |  | $ | 4,005 |

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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 + Details
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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 + Details
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