Quarterly report [Sections 13 or 15(d)]

Commitments and Contingencies (Tables)

v3.26.1
Commitments and Contingencies (Tables)
3 Months Ended
Mar. 31, 2026
Commitments and Contingencies  
Schedule of Lease Expense

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Three Months Ended March 31, 

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($ in thousands)

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2026

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2025

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Lease Cost

 

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Operating lease cost

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$

714

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$

748

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Shared lease costs

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(535)

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(533)

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Variable lease cost

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75

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189

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Sublease income

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(91)

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—

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Total lease expense

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$

163

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$

404

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Summary of Quantitative Information about Operating Leases

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Three Months Ended March 31, 

 

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($ in thousands)

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2026

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2025

 

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Operating cash flows from operating leases

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$

(782)

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$

(852)

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

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3.2

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3.7

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Weighted-average discount rate – operating leases

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6.2

%  

 

6.1

%

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Schedule of Future Minimum Lease Payments

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Future Lease

($ in thousands)

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Liability

Nine months ended December 31, 2026

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2,267

Year ended December 31, 2027

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3,125

Year ended December 31, 2028

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3,220

Year ended December 31, 2029

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3,054

Year ended December 31, 2030

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3,056

Other

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2,058

Total operating lease liabilities

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16,780

Less: present value discount

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(2,531)

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

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$

14,249