Quarterly report pursuant to Section 13 or 15(d)

Lease Obligations

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Lease Obligations
3 Months Ended
Mar. 31, 2021
Leases [Abstract]  
Lease Obligations Lease Obligations
The Company maintains a five-year operating lease agreement for its headquarters and manufacturing facility in Richmond, California, or the Richmond Lease, which expires in May 2022, with no further options to extend or terminate. The lease includes non-lease components (i.e. common area maintenance costs) that are paid separately from rent based on actual costs incurred. In June 2020, the Company entered into an amendment to the Richmond Lease to make a one-time payment of $300 to cover its remaining lease obligations for the remainder of 2020, resulting in a $48 abatement and a lease payment deferral of $79 to be paid in equal monthly installments in 2021.

The Company's five-year operating lease agreement for its European operations office in Hamburg, Germany expires in July 2022. The Company has an option to extend the lease for another five-year term.
 
The Company’s future lease payments as of March 31, 2021 are as follows, which are presented as lease liabilities on the Company’s condensed consolidated balance sheets:
Period Operating Leases
Remainder of 2021 $ 447 
2022 235 
Total lease payments 682 
Less: imputed interest (36)
Present value of lease liabilities $ 646 
Lease liabilities, current $ 547 
Lease liabilities, noncurrent 99 
Total lease liabilities $ 646 
Weighted-average remaining lease term (in years) 1.19
Weighted-average discount rate 10.5  %
 
Lease expense under the Company’s operating leases was $132 and $138 for the three months ended March 31, 2021 and March 31, 2020, respectively.

Practical Expedients

Leases with an initial term of 12 months or less are not recorded on the balance sheet. The Company recognizes the lease expense for such leases on a straight-line basis over the lease term.