Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

Commitments and Contingencies (Tables)

6 Months Ended

Jun. 30, 2020

Commitments And Contingencies Disclosure [Abstract]

Summary of Quantitative Information Associated with Amounts Recognized in Unaudited Condensed Consolidated Financial Statements for Lease

The following table summarizes certain quantitative information associated with the amounts recognized in the unaudited condensed consolidated financial statements for the Lease (dollars in thousands):

	Three Months Ended June 30, 2020		Six Months Ended June 30, 2020
Operating lease cost	$	166	$	332
Variable lease cost		6		27
Total operating lease expense	$	172	$	359

Cash paid for amounts included in the measurement of operating lease liability	$	56	$	223

			June 30, 2020
Remaining Lease term (years)				9.09
Discount rate				15	%

Future Minimum Lease Payments

Future minimum lease payments for the Lease as of June 30, 2020 are as follows (in thousands):

	June 30, 2020
2020	$	284
2021		517
2022		527
2023		715
2024		730
Thereafter		3,533
Total	$	6,306

Presentation of Operating Lease Liability and Right-of-Use Asset

The presentation of the operating lease liability and right-of-use asset as of June 30, 2020 are as follows (in thousands):

	June 30, 2020
Present value of future minimum lease payments	$	3,373

Operating lease liability, current portion	$	43
Operating lease liability, long-term portion		3,330
Total operating lease liability	$	3,373

Difference between future minimum lease payments and discounted cash flows	$	2,933

Operating lease right-of-use asset	$	3,094