Commitments

9 Months Ended

Sep. 30, 2019

Commitments and Contingencies Disclosure [Abstract]

Operating Lease

We previously rented approximately 9,500 square feet of office space under an operating lease that expired on March 31, 2019.

In September 2018, we entered into a non-cancelable operating lease agreement to sublease approximately 45,000 square feet of office space for our corporate headquarters. This lease commenced January 15, 2019 and expires November 30, 2020. In May 2019, we entered into a non-cancelable operating lease agreement for the same space that provides for monthly rent, real estate taxes and operating expenses. The initial lease term commences on December 1, 2020 and expires May 31, 2028 with an option to renew for one additional period of five years.

Future minimum annual operating lease payments are as follows:


Year ending December 31:
2019 (remaining)	$	260
2020	1,026
2021	888
2022	1,504
2023	2,043
Thereafter	9,448
Total future operating lease payments	$	15,169

Rental payments are charged to expense on a straight-line basis over the period of the lease. Rent expense was $0.3 million and less than $0.1 million for the three months ended September 30, 2019 and 2018, respectively, and $0.8 million and $0.1 million for the for the nine months ended September 30, 2019 and 2018, respectively.