Quarterly report [Sections 13 or 15(d)]

Commitments and Contingencies (Tables)

v3.25.3
Commitments and Contingencies (Tables)
9 Months Ended
Sep. 30, 2025
Commitments and Contingencies  
Schedule of Lease Expense

    

Three Months Ended September 30, 

    

Nine Months Ended September 30, 

    

($ in thousands)

2025

2024

2025

2024

Operating lease cost

$

728

$

762

$

2,205

$

1,997

Shared lease costs

 

(562)

(530)

 

(1,620)

(1,571)

Variable lease cost

 

75

238

 

339

628

Total lease expense

$

241

$

470

$

924

$

1,054

Summary of Quantitative Information about Operating Leases

    

Nine Months Ended September 30, 

 

    

($ in thousands)

2025

2024

 

Operating cash flows from operating leases

$

(2,410)

$

(2,744)

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

 

3.5

 

3.9

Weighted-average discount rate – operating leases

 

6.1

%  

 

6.1

%

Schedule of Future Minimum Lease Payments

    

Future Lease

($ in thousands)

Liability

Nine months ended December 31, 2025

$

905

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

 

17,874

Less: present value discount

 

(2,980)

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

$

14,894