Annual report pursuant to Section 13 and 15(d)

Commitments and Contingencies (Tables)

v3.24.0.1
Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2023
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)

    

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

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