We have entered into leases for our corporate headquarters and office equipment with remaining lease terms up to 11 years. Some of these leases include both lease and nonlease components, which are accounted for as a single lease component as we have elected the practical expedient to combine these components for all leases. As most of the leases do not provide an implicit rate, we calculated the right-of-use assets and lease liabilities using our secured incremental borrowing rate at the lease commencement date. We currently do not have any finance leases outstanding.

Effective March 10, 2020, we consummated our agreement with Elevation Labs (“Elevation”), wherein we were relieved of our warehouse leases on the effective date. Effective March 30, 2020, we assigned our office lease to Elevation who then subleased a portion of the office space to us through June 30, 2020 to allow us time to transition to our new corporate offices.

On March 11, 2020, we executed an office lease for a new corporate headquarters. As of that date, we had the right to control the use of the asset, which qualified as an operating lease. There were no initial direct costs associated with our new office lease and our deposit is fully refundable.


	Three Months Ended June 30, 2020	Six Months Ended June 30, 2020
Operating lease information:
Operating lease cost	$ 105	$ 145
Operating cash flows from operating leases	7	14
Net assets obtained in exchange for new operating lease liabilities	-	3,156

Weighted average remaining lease term in years	10.33	10.33
Weighted average discount rate	5.1%	5.1%

2020 (remaining)	$	46
2021		411
2022		399
2023		413
2024		420
Thereafter		2,586
Total minimum lease payments	$	4,275
Less imputed interest		(1,032	)

Total operating lease liability	$	3,243