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Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 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 under ASC 840 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 consolidated statement of operations and comprehensive loss are as follows (in thousands):

 

 

 

 

 

 

 

December 31, 

 

 

    

2019

    

Operating lease cost

    

$

900

    

Variable lease cost

 

 

390

 

Total lease cost

 

$

1,290

 

Weighted‑average remaining operating lease term (years)

 

 

2.6

 

Weighted‑average discount rate

 

 

8.52

%  

 

Schedule of maturities of operating leases

Future minimum lease payments under non-cancelable operating leases under ASC 842 as of December 31, 2019 are as follows (in thousands):

 

 

 

 

 

Year Ending December 31, 

    

 

 

2020

 

$

879

2021

 

 

777

2022

 

 

443

2023

 

 

 —

2024

 

 

 —

Present value adjustment

 

 

(208)

Total lease liabilities

 

$

1,891

Less: current lease liabilities

 

 

(640)

Long term lease liabilities

 

$

1,251