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Commitments and Contingencies (Tables)
9 Months Ended
Sep. 30, 2019
Commitments and Contingencies  
Schedule of future minimum lease payments due under operating leases

The future minimum lease payments due under the Company’s operating leases as of December 31, 2018 were as follows (in thousands):

 

 

 

 

 

Year Ending December 31, 

    

 

 

2019

    

$

888

2020

 

 

901

2021

 

 

915

2022

 

 

483

2023

 

 

 —

 

 

$

3,187

 

Schedule of components of lease expense

The components of the Company’s lease expense, which are recorded as a component of research and development expenses and general and administrative expenses in the condensed consolidated statement of operations and comprehensive loss are as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

Three 

 

Nine

 

 

 

Months 

 

Months 

 

 

 

Ended 

 

Ended 

 

 

 

September 30, 

 

September 30, 

 

 

    

2019

    

2019

 

Operating lease cost

    

$

219

    

$

669

 

Variable lease cost

 

 

91

 

 

282

 

Total lease cost

 

$

310

 

$

951

 

Weighted‑average remaining operating lease term (years)

 

 

2.9

 

 

2.9

 

Weighted‑average discount rate

 

 

8.50

%  

 

8.50

%

 

Schedule of maturities of operating leases

The following table summarizes the maturities of the Company’s operating leases as of September 30, 2019 (in thousands):

 

 

 

 

 

Year Ending December 31, 

    

 

 

2019

 

$

434

2020

 

 

848

2021

 

 

753

2022

 

 

443

2023

 

 

 —

Present value adjustment

 

 

(460)

Total lease liabilities

 

$

2,018

Less: current lease liabilities

 

 

(602)

Long term lease liabilities

 

$

1,416