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Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2020
Commitments And Contingencies Disclosure [Abstract]  
Summary of Cash Paid for Operating Lease Liabilities and Lease Costs Recognized in Statement of Operations

The following table summarizes the cash paid for operating lease liabilities and the lease costs recognized in the statements of operations:

 

 

 

Year Ended December 31,

 

 

 

2020

 

 

2019

 

Cash paid for operating lease liabilities

 

$

3,002

 

 

$

1,527

 

Operating lease cost

 

 

3,069

 

 

 

1,396

 

Variable lease cost

 

 

216

 

 

 

683

 

Schedule of ROU Assets and Related Lease Liabilities

Information related to the Company’s ROU assets and related lease liabilities was as follows (in thousands except for remaining lease term and discount rate):

 

 

 

December 31,

2020

 

 

December 31,

2019

 

Current operating lease liabilities

 

$

2,667

 

 

$

2,483

 

Non-current operating lease liabilities

 

 

9,577

 

 

 

12,244

 

Weighted average remaining lease term in years

 

 

4.1

 

 

 

5.1

 

Weighted average discount rate

 

 

3.8

%

 

 

3.8

%

Schedule of Maturities of Lease Liabilities

 

Maturities of lease liabilities as of December 31, 2020 were as follows (in thousands):

 

 

 

Operating

 

 

 

Lease

 

Year Ending December

 

Commitments

 

2021

 

$

3,086

 

2022

 

 

3,172

 

2023

 

 

3,261

 

2024

 

 

3,008

 

2025

 

 

733

 

Thereafter

 

 

 

Total

 

 

13,260

 

Less imputed interest

 

 

(1,016

)

Total lease liabilities

 

$

12,244