Annual report pursuant to Section 13 and 15(d)

Commitments and Contingencies (Tables)

v3.22.1
Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2021
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)

    

2021

    

2020

Lease cost

 

  

 

  

Operating lease cost

 

$

315

 

$

330

Variable lease cost

599

470

Total

 

$

914

 

$

800

    

For the Year Ended

 

December 31, 

December 31, 

($ in thousands)

    

2021

 

    

2020

 

Operating cash flows from operating leases

 

$

484

 

$

76

Weighted-average remaining lease term – operating leases

4.8

5.8

Weighted-average discount rate – operating leases

9.0

%

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, 2022

$

516

Year ended December 31, 2023

529

Year ended December 31, 2024

 

513

Year ended December 31, 2025

 

516

Year ended December 31, 2026

 

439

Thereafter

Total

 

2,513

Less present value discount

(481)

Operating lease liabilities

$

2,033