Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.21.1
Commitments and Contingencies (Tables)
3 Months Ended
Mar. 31, 2021
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 were as follows (in thousands):
Three months ended March 31,
  2021 2020
Finance lease amortization of right-of-use assets $ 26  $ 54 
Operating lease cost 1,032  1,068 
Short-term lease costs (1)
—  31 
Sublease income —  (55)
Total lease cost (2)
$ 1,058  $ 1,098 
(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.
Other information: Operating Leases
Weighted-average remaining lease term (in years) 5.2 years
Weighted-average discount rate 6.6  %

Three months ended March 31,
Cash paid: 2021 2020
Operating cash flows from operating leases $ 1,042  $ 354 
Financing cash flows from finance leases $ —  $ 51 
Operating lease maturity
As of March 31, 2021, our maturity analysis of annual undiscounted cash flows of the non-cancellable operating leases are as follows (in thousands):
Years ending December 31, Operating Leases
2021 (remaining 9 months) $ 3,156 
2022 4,285 
2023 4,589 
2024 4,726 
2025 4,868 
Thereafter 8,627 
Total minimum lease payments 30,251 
Less: imputed interest (5,932)
Lease obligations $ 24,319 
An estimated maturity analysis of the annual undiscounted cash flows of the lease is as follows (in thousands):
Years ending December 31, Operating Lease
2021 (remaining 9 months) $ 34 
2022 2,925 
2023 3,001 
2024 3,079 
2025 3,159 
2026 and thereafter 19,525 
Total minimum lease payments $ 31,723 
Finance lease liability
An estimated maturity analysis of the annual undiscounted cash flows of the lease is as follows (in thousands):
Years ending December 31, Operating Lease
2021 (remaining 9 months) $ 34 
2022 2,925 
2023 3,001 
2024 3,079 
2025 3,159 
2026 and thereafter 19,525 
Total minimum lease payments $ 31,723 
Schedule of supply and service commitments
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 $ 55 
Development and manufacturing services agreements September 2019 2,374 
Total other commitments $ 2,429