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Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 2020
Commitments and Contingencies  
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 

 

Six

 

 

 

Months 

 

Months 

 

 

 

June 30, 

 

June 30, 

 

 

    

2020

 

2020

    

Operating lease cost

    

$

220

 

$

443

    

Variable lease cost

 

 

164

 

 

303

 

Total lease cost

 

$

384

 

$

746

 

Weighted‑average remaining operating lease term (years)

 

 

2.2

 

 

2.2

 

Weighted‑average discount rate

 

 

8.59

%  

 

8.59

%  

 

Schedule of maturities of operating leases

The following table summarizes the maturities of the Company’s operating leases as of June 30, 2020 (in thousands):

 

 

 

 

 

Year Ending December 31, 

    

 

 

2020

 

$

443

2021

 

 

753

2022

 

 

443

2023

 

 

 —

Present value adjustment

 

 

(136)

Total lease liabilities

 

$

1,503

Less: current lease liabilities

 

 

(653)

Long term lease liabilities

 

$

850