Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.23.1
Commitments and Contingencies (Tables)
3 Months Ended
Mar. 31, 2023
Commitments and Contingencies  
Schedule of lease expense

During the three months ended March 31, 2023 and 2022, the Company recorded the following as lease expense to current period operations:

    

Three Months Ended March 31, 

    

($ in thousands)

2023

2022

Operating lease cost

$

1,019

$

825

Shared lease costs

 

(515)

(527)

Variable lease cost

 

201

95

Total lease expense

$

705

$

393

Summary of Quantitative Information about Operating Leases

The following tables summarize quantitative information about the Company’s operating leases, under the adoption of ASC Topic 842, Leases:

    

Three Months Ended March 31, 

 

    

($ in thousands)

2023

2022

 

Operating cash flows from operating leases

$

(876)

$

(871)

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

$

$

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

 

4.6

 

5.1

Weighted-average discount rate – operating leases

 

6.6

%  

 

6.3

%

Schedule of Future Minimum Lease Payments