Annual report pursuant to Section 13 and 15(d)

Commitments and Contingencies (Tables)

v3.23.1
Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2022
Commitments and Contingencies  
Schedule of information about operating leases

The following summarizes quantitative information about the Company’s operating leases:

    

For the Year Ended

December 31, 

December 31, 

($ in thousands)

    

2022

    

2021

Lease cost

 

  

 

  

Operating lease cost

 

$

565

 

$

315

Variable lease cost

488

599

Total

 

$

1,053

 

$

914

    

For the Year Ended

 

December 31, 

December 31, 

($ in thousands)

    

2022

 

    

2021

 

Operating cash flows from operating leases

 

$

485

 

$

484

Weighted-average remaining lease term – operating leases

5.9

4.8

Weighted-average discount rate – operating leases

9.1

%

9.0

%

Schedule of Maturities of operating leases excluding short term leases

Maturities of our operating leases, excluding short-term leases, are as follows:

($ in thousands)

    

Year ended December 31, 2023

$

529

Year ended December 31, 2024

614

Year ended December 31, 2025

 

1,139

Year ended December 31, 2026

 

1,076

Year ended December 31, 2027

 

650

Thereafter

1,381

Total

 

5,389

Less present value discount

(1,443)

Operating lease liabilities

$

3,946