Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

Commitments and Contingencies (Tables)

9 Months Ended

Sep. 30, 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 September 30, 2020 (in thousands):

	Operating		Financing
Three months ending December 31, 2020	$	942	$	78
Year ended December 31, 2021		3,824		313
Year ended December 31, 2022		3,935		313
Year ended December 31, 2023		4,049		66
Year ended December 31, 2024 and beyond		27,709		—
Total minimum lease payments	$	40,459	$	770
Less imputed interest		14,087		86
Total lease liability	$	26,372	$	684

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 September 30, 2020 (in thousands):

	Three Months Ended September 30, 2020		Nine Months Ended September 30, 2020
Lease cost:
Operating lease cost	$	739	$	2,193
Financing lease cost:
Amortization of right-of-use asset	$	65	$	196
Interest on lease liabilities		17		56
Total financing lease cost	$	82	$	252
Cash paid for amounts included in the measurement of liabilities:
Operating cash flows from operating leases	$	925	$	2,179
Operating cash flows from financing lease	$	78	$	234

Other information:			Nine Months Ended September 30, 2020
Weighted-average remaining lease term (in years) - operating lease				9.34
Weighted-average discount rate - operating lease				9.30	%
Weighted-average remaining lease term (in years) - financing lease				2.55
Weighted-average discount rate - financing lease				9.47	%