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Commitments and Contingencies (Tables)
9 Months Ended
Sep. 30, 2020
Commitments And Contingencies Disclosure [Abstract]  
Summary of Classification of Company's Lease Liabilities

Classification of the Company’s lease liabilities included on the its balance sheets at September 30, 2020 was as follows (in thousands):

 

 

 

September 30,

 

 

December 31,

 

 

 

2020

 

 

2019

 

Operating lease liabilities

 

 

 

 

 

 

 

 

Current portion included in accrued expenses and other current liabilities

 

$

471

 

 

$

410

 

Non-current portion included in other long-term liabilities

 

 

7,752

 

 

 

8,112

 

Total operating lease liabilities

 

$

8,223

 

 

$

8,522

 

Summary of Components of Lease Costs

The components of lease costs, which were included in operating expenses in the Company’s statements of operations and comprehensive loss were as follows (in thousands):

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Operating lease cost

 

$

280

 

 

$

279

 

 

$

838

 

 

$

839

 

Variable cost

 

 

87

 

 

 

83

 

 

 

261

 

 

 

259

 

Total lease costs

 

$

367

 

 

$

362

 

 

$

1,099

 

 

$

1,098

 

Summary of Future Minimum Lease Payments Required Under Operating Leases

Future minimum lease payments required under operating leases include on the Company’s balance sheets at September 30, 2020 are as follows (in thousands):

 

Fiscal Year Ending December 31,

 

 

 

 

2020 (remaining 3 months)

 

$

313

 

2021

 

 

1,270

 

2022

 

 

1,308

 

2023

 

 

1,348

 

2024

 

 

1,388

 

Thereafter

 

 

6,916

 

Total minimum future lease payments (1)

 

 

12,543

 

Less:

 

 

 

 

Present value adjustment

 

 

4,320

 

Operating lease liabilities

 

$

8,223

 

 

(1)

Excludes minimum future lease payments of $77.6 million related to the Company’s 2019 San Carlos Lease.