Annual report pursuant to Section 13 and 15(d)

Lease (Tables)

v3.20.1
Lease (Tables)
12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Details of Right-of-Use Assets and Lease Liabilities

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

 

 

 

Twelve months

Ended December 31, 2019

 

 

 

 

 

 

 

 

Cash paid for operating lease liabilities

 

$

774

 

 

Operating lease costs

 

 

1,099

 

 

Variable lease costs

 

 

505

 

 

ROU asset obtained in exchange for operating lease obligation

 

 

4,236

 

 

 

Maturities of lease liabilities as of December 31, 2019 were as follows

   for the years ending December 31:

 

 

 

 

 

2020

 

$

1,497

 

 

2021

 

 

1,542

 

 

2022

 

 

1,588

 

 

2023

 

 

1,635

 

 

2024

 

 

1,684

 

 

Thereafter

 

 

282

 

 

Total undiscounted lease payments

 

 

8,228

 

 

Less: imputed interest

 

 

(1,864

)

 

Total lease liabilities

 

$

6,364

 

 

 

 

 

 

 

 

Operating lease liabilities, current

 

 

900

 

 

Operating lease liabilities, noncurrent

 

 

5,464

 

 

Total operating lease liabilities

 

$

6,364

 

 

Schedule of Future Minimum Lease Payments Under Noncancelable Facility Operating Lease

ASC 840 Disclosure

The Company elected the alternative modified transition method and included the following table previously disclosed. As of December 31, 2018, future minimum lease payments under the noncancelable facility operating lease, were as follows (in thousands):

 

Year ending December 31:

 

 

 

 

2019

 

$

1,453

 

2020

 

 

1,497

 

2021

 

 

1,542

 

2022

 

 

1,588

 

2023

 

 

1,635

 

2024

 

 

1,684

 

Thereafter

 

 

282

 

Total future minimum lease payments

 

$

9,681