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Leases (Tables)
9 Months Ended
Sep. 30, 2020
Leases [Abstract]  
Schedule of Future Minimum Lease Payments

As of September 30, 2020, the Company’s operating leases had a weighted-average remaining lease term of 6.6 years and a weighted-average discount rate of 10.7%. The Company’s discount rates are based on estimates of its incremental borrowing rate, as the discount rates implicit in the Company’s leases cannot be readily determined. Future lease payments under operating leases as of September 30, 2020 were as follows (in thousands):

 

 

 

Amount

 

2020 (remaining three months)

 

$

505

 

2021

 

 

2,558

 

2022

 

 

2,194

 

2023

 

 

2,046

 

2024

 

 

2,113

 

2025 and thereafter

 

 

6,560

 

Total future minimum lease payments

 

 

15,976

 

Less: imputed interest

 

 

(4,777

)

Present value of future minimum lease payments

 

 

11,199

 

Less: current portion of operating lease liability

 

 

(2,302

)

Long-term operating lease liabilities

 

$

8,897