Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.24.1.1.u2
Commitments and Contingencies (Tables)
3 Months Ended
Mar. 31, 2024
Commitments and Contingencies  
Schedule of lease expense

    

Three Months Ended March 31, 

    

($ in thousands)

2024

2023

Operating lease cost

$

640

$

1,019

Shared lease costs

 

(523)

(515)

Variable lease cost

 

216

201

Total lease expense

$

333

$

705

Summary of Quantitative Information about Operating Leases

    

Three Months Ended March 31, 

 

    

($ in thousands)

2024

2023

 

Operating cash flows from operating leases

$

(920)

$

(876)

Right-of-use assets exchanged for new operating lease liabilities

$

$

Weighted-average remaining lease term – operating leases (years)

 

4.1

 

4.6

Weighted-average discount rate – operating leases

 

6.5

%  

 

6.6

%

Schedule of Future Minimum Lease Payments

    

Future Lease

($ in thousands)

Liability

Nine Months Ended December 31, 2024

$

2,876

Year Ended December 31, 2025

 

3,799

Year Ended December 31, 2026

 

3,535

Year Ended December 31, 2027

3,191

Year Ended December 31, 2028

3,241

Other

 

8,428

Total operating lease liabilities

 

25,070

Less: present value discount

 

(4,850)

Net operating lease liabilities, short-term and long-term

$

20,220