Annual report [Section 13 and 15(d), not S-K Item 405]

Commitments and Contingencies (Tables)

v3.26.1
Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2025
Commitments and Contingencies  
Schedule of Lease Expense

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Year Ended December 31, 

  ​ ​ ​

($ in thousands)

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2025

​

2024

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Operating lease cost

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$

2,918

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$

2,758

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Shared lease costs

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(2,174)

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​

(2,100)

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Variable lease cost

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413

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​

865

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Total lease expense

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$

1,157

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$

1,523

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Summary of Quantitative Information about Operating Leases

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Year Ended December 31, 

 

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($ in thousands)

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2025

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2024

 

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Operating cash flows from operating leases

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$

(3,197)

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$

(3,647)

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

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$

457

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$

188

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

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3.4

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3.8

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Weighted-average discount rate – operating leases

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6.2

%  

 

6.3

%

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Schedule of Future Minimum Lease Payments

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Future Lease

($ in thousands)

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Liability

Year ended December 31, 2026

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2,986

Year ended December 31, 2027

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3,188

Year ended December 31, 2028

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3,220

Year ended December 31, 2029

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3,054

Other

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5,114

Total operating lease liabilities

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17,562

Less: present value discount

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(2,763)

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

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$

14,799