General form of registration statement for all companies including face-amount certificate companies

Commitments and Contingencies (Tables)

v3.24.4
Commitments and Contingencies (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2024
Dec. 31, 2023
Commitments and Contingencies    
Schedule of information about operating leases

​

​

​

​

​

​

​

​

​

​

    

For the Nine Months Ended

 

​

​

​

September 30, 

​

​

September 30, 

​

($ in thousands)

    

2024

    

2023

 

Lease cost

​

 

  

​

 

  

​

Operating lease cost

 

$

113

 

$

592

​

Variable lease cost

​

​

149

​

​

544

​

Total

 

$

262

 

$

1,136

​

​

​

​

​

​

​

​

​

​

​

​

    

For the Nine Months Ended

 

​

​

​

September 30, 

​

​

​

September 30, 

​

($ in thousands)

    

2024

 

    

2023

 

Operating cash flows from operating leases

 

$

406

​

 

$

395

​

Gain on lease modification

​

$

314

​

​

$

220

​

Weighted-average remaining lease term – operating leases

​

​

2.0

​

​

​

4.7

​

Weighted-average discount rate – operating leases

​

​

9.0

%

​

​

9.1

%

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

​

​

​

​

​

​

​

​

​

​

    

For the Year Ended

    

​

​

​

December 31, 

​

​

December 31, 

​

($ in thousands)

    

2023

    

2022

    

Lease cost

​

 

  

​

 

  

​

Operating lease cost

 

$

439

 

$

565

​

Variable lease cost

​

​

467

​

​

488

​

Total

 

$

906

 

$

1,053

​

​

​

​

​

​

​

​

​

​

​

​

    

For the Year Ended

 

​

​

​

December 31, 

​

​

​

December 31, 

​

($ in thousands)

    

2023

 

    

2022

 

Operating cash flows from operating leases

 

$

529

​

 

$

485

​

Gain on lease modification

​

$

220

​

​

$

—

​

Weighted-average remaining lease term – operating leases

​

​

4.5

​

​

​

5.9

​

Weighted-average discount rate – operating leases

​

​

9.1

%

​

​

9.1

%

​

Schedule of Maturities of operating leases excluding short term leases

​

​

​

​

​

($ in thousands)

    

Future Lease Liability

Three months ended December 31, 2024

​

$

127

Year ended December 31, 2025

​

​

516

Year ended December 31, 2026

​

 

439

Total

​

 

1,082

Less present value discount

​

​

(99)

Operating lease liabilities

​

$

983

​

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

​

​

​

​

​

($ in thousands)

    

​

​

Year ended December 31, 2024

​

$

723

Year ended December 31, 2025

​

​

774

Year ended December 31, 2026

​

 

703

Year ended December 31, 2027

​

 

269

Year ended December 31, 2028

​

 

274

Thereafter

​

​

303

Total

​

 

3,046

Less present value discount

​

​

(548)

Operating lease liabilities

​

$

2,498