Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.23.2
Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 2023
Commitments and Contingencies  
Schedule of lease expense

During three and six months ended June 30, 2023 and 2022, the Company recorded the following as lease expense to current period operations:

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Three Months Ended June 30, 

    

Six Months Ended June 30, 

    

($ in thousands)

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2023

​

2022

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2023

​

2022

​

Operating lease cost

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$

950

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$

824

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$

1,969

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$

1,649

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Shared lease costs

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(519)

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(523)

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(1,034)

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​

(1,050)

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Variable lease cost

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199

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​

166

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400

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​

261

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Total lease expense

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$

630

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$

467

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$

1,335

​

$

860

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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:

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Six Months Ended June 30, 

 

    

($ in thousands)

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2023

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2022

 

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Operating cash flows from operating leases

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$

(1,762)

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$

(1,741)

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

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$

—

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$

—

​

​

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

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4.4

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5.0

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​

Weighted-average discount rate – operating leases

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6.5

%  

 

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

Six Months Ended December 31, 2023

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$

1,788

Year Ended December 31, 2024

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3,774

Year Ended December 31, 2025

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3,768

Year Ended December 31, 2026

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​

3,507

Year Ended December 31, 2027

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​

3,191

Other

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11,669

Total operating lease liabilities

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27,697

Less: present value discount

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(5,866)

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

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$

21,831