Annual report pursuant to Section 13 and 15(d)

Commitments and Contingencies (Tables)

v3.20.4
Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]  
Lease Cost
Lease costs, amounts included in measurement of lease obligations and other information related to non-cancellable operating leases and finance leases for the year ended December 31, 2020 and 2019 were as follows (in thousands):
Year Ended December 31,
2020 2019
Amortization of right-of-use assets $ 152  $ 217 
Interest on lease obligations 10 
Finance lease costs 153  227 
Operating lease cost 3,879  4,556 
Short-term lease costs (1)
47  — 
Sublease income (55) (957)
Total lease cost (2)
$ 4,024  $ 3,826 
(1) Short-term lease costs on leases with terms of over one month and less than one year.
(2) The Company had no variable lease costs.
Amounts included in measurement of lease obligations:
Year Ended December 31,
2020 2019
Cash paid:
Operating cash flows from operating leases $ 2,816  $ 3,279 
Operating cash flow from finance leases $ $ 10 
Financing cash flows from finance leases $ 60  $ 242 
Non-cash activity:
Operating Lease - Right-of-use assets obtained in exchange for lease liabilities $ —  $ 26,617 
Finance Lease - Right-of-use assets obtained in exchange for lease liabilities $ —  $ 493 
Operating Lease Finance Lease
Other information:
Weighted-average remaining lease term (in years) 5.5 years — 
Weighted-average discount rate 6.6  % 5.0  %
Operating Lease Maturity
As of December 31, 2020, our maturity analyses of annual undiscounted cash flows of the non-cancellable operating leases are as follows (in thousands):
Years ending December 31, Operating Leases
2021 $ 4,197 
2022 4,285 
2023 4,589 
2024 4,726 
2025 4,868 
Thereafter 8,626 
Total minimum lease payments 31,291 
Less: imputed interest 6,340 
Lease obligations $ 24,951 
An estimated maturity analyses of the annual undiscounted cash flows of the operating lease is as follows (in thousands):
Years ending December 31, Operating lease
2021 $ 208 
2022 2,091
2023 2,582
2024 2,659
2025 2,739
Thereafter 17,690
Total minimum lease payments 27,969
Less: imputed interest 5,328
Lease obligations $ 22,641 
Schedule of Supply Commitment
The following table provides quantitative data regarding our other commitments. Future minimum payments reflect amounts that we expect to pay including potential obligations under services agreements subject to risk of cancellation by us (in thousands):
Other Commitment Agreement Type Agreement Date Future Minimum Payment
Manufacture and supply agreement with expected future payment date of December 2022 April 2016 $ 320 
Development and manufacturing services agreements September 2019 2,341 
Total other commitments $ 2,661