Quarterly report pursuant to Section 13 or 15(d)

Lease

v3.21.1
Lease
3 Months Ended
Mar. 31, 2021
Leases [Abstract]  
Lease

6. Lease

In August 2017, the Company entered into a lease agreement to lease 24,357 square feet of combination laboratory and office space in South San Francisco, California. This lease expires in February 2025.

Information related to the Company’s ROU asset and related lease liabilities were as follows (in thousands):

 

 

Three months ended

March 31, 2021

 

Cash paid for operating lease liabilities

$

245

 

Operating lease costs

 

275

 

Variable lease costs

 

194

 

 

 

 

 

Maturities of lease liabilities as of March 31, 2021 were as follows

   for the years ending December 31:

 

 

 

2021

$

1,162

 

2022

 

1,588

 

2023

 

1,635

 

2024

 

1,684

 

2025

 

282

 

Total undiscounted lease payments

 

6,351

 

Less: imputed interest

 

(1,132

)

Total lease liabilities

$

5,219

 

 

 

 

 

Operating lease liabilities, current

 

1,080

 

Operating lease liabilities, noncurrent

 

4,139

 

Total operating lease liabilities

$

5,219