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Borrowings (Tables)
3 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Short-Term Debt The following table presents the Company’s short-term debt as of March 31, 2025 ($ in thousands):
Weighted average
interest rate per annum
March 31, 2025
Bank of China Working Capital Loans2.60 %48,132 
SPD Bank Working Capital Loans2.80 %41,793 
China Merchant Bank Working Capital Loans2.91 %34,799 
Bank of Communications Working Capital Loans2.75 %41,793 
Ningbo Bank Electronic Commercial Draft Discounting Agreement1.90 %6,888 
Total short-term debt2.72 %173,405