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The following expenses related to our finance and operating leases were included in "general and administrative expenses" within our condensed consolidated statements of operations and comprehensive loss for the nine months ended September 30, 2020 and 2019:
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Nine Months Ended September 30, |
| (in thousands) |
2020 |
|
2019 |
| Finance lease costs |
|
|
|
| Amortization of leased assets |
$ |
93 |
|
|
$ |
96 |
|
| Interest of lease liabilities |
14 |
|
|
36 |
|
| Operating lease costs |
|
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|
Operating lease cost |
1,093 |
|
|
604 |
|
Variable lease cost |
219 |
|
|
280 |
|
| Total lease costs |
$ |
1,419 |
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|
$ |
1,016 |
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The table below presents lease-related terms and discount rates as of September 30, 2020:
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September 30, 2020 |
| Weighted average remaining lease terms |
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| Operating leases |
4.1 years |
| Finance leases |
2.7 years |
| Weighted average discount rate |
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| Operating leases |
4.9 |
% |
| Finance leases |
4.2 |
% |
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