Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

Commitments and Contingencies (Tables)

3 Months Ended

Mar. 31, 2020

Commitments And Contingencies Disclosure [Abstract]

Schedule of Reconciliation of Maturity Analysis of Annual Undiscounted Cash Flows

The following is a maturity analysis of the annual undiscounted cash flows reconciled to the carrying value of the operating and financing lease liabilities as of March 31, 2020 (in thousands):

	Operating		Financing
Nine months ending December 31, 2020	$	2,792	$	234
Year ended December 31, 2021		3,824		313
Year ended December 31, 2022		3,935		313
Year ended December 31, 2023		4,049		65
Year ended December 31, 2024 and beyond		27,709		—
Total minimum lease payments	$	42,309	$	925
Less imputed interest		15,330		121
Less leasehold incentive receivable		1,448		—
Total lease liability	$	25,531	$	804

Schedule of Total Lease Cost for Operating and Financing Leases as well as Weighted Average Information for Leases

The following table outlines the total lease cost for the Company’s operating and financing leases as well as weighted average information for these leases as of March 31, 2020 (in thousands):

	Three Months Ended March 31, 2020
Lease cost:
Operating lease cost	$	330
Financing lease cost:
Amortization of right-of-use asset	$	65
Interest on lease liabilities		20
Total financing lease cost	$	85
Cash paid for amounts included in the measurement of liabilities:
Operating cash flows from operating leases	$	714
Operating cash flows from financing lease	$	78

Other information:	Three Months Ended March 31, 2020
Weighted-average remaining lease term (in years) - operating lease		9.93
Weighted-average discount rate - operating lease		9.30	%
Weighted-average remaining lease term (in years) - financing lease		3.05
Weighted-average discount rate - financing lease		9.47	%