Quarterly report [Sections 13 or 15(d)]

Commitments and Contingencies (Tables)

v3.25.2
Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 2025
Commitments and Contingencies  
Schedule of lease expense

    

Three Months Ended June 30, 

    

Six Months Ended June 30, 

    

($ in thousands)

2025

2024

2025

2024

Operating lease cost

$

728

$

595

$

1,476

$

1,235

Shared lease costs

 

(525)

(519)

 

(1,059)

(1,042)

Variable lease cost

 

76

174

 

265

390

Total lease expense

$

279

$

250

$

682

$

583

Summary of Quantitative Information about Operating Leases

    

Six Months Ended June 30, 

 

    

($ in thousands)

2025

2024

 

Operating cash flows from operating leases

$

(1,629)

$

(1,850)

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

 

3.6

 

4.0

Weighted-average discount rate – operating leases

 

6.1

%  

 

6.0

%

Schedule of Future Minimum Lease Payments

    

Future Lease

($ in thousands)

Liability

Six months ended December 31, 2025

$

1,684

Year ended December 31, 2026

 

2,937

Year ended December 31, 2027

 

2,940

Year ended December 31, 2028

2,967

Year ended December 31, 2029

3,011

Other

 

5,114

Total operating lease liabilities

 

18,653

Less: present value discount

 

(3,210)

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

$

15,443