Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2024

Commitments and Contingencies Disclosure [Abstract]

Schedule of future minimum lease obligations operating leases

Commitments—Future minimum lease obligations under non-cancelable operating leases as of December 31, 2024 are as follows ($ in thousands):

2025	$	486
2026		486
2027		162
2028		—
2029		—
Thereafter		—
Total undiscounted cash flows		1,134
Present value discount(1)		(41)
Lease liabilities	$	1,093

(1) The lease liability equals the present value of the minimum rental payments due under the lease discounted at the rate implicit in the lease or the Company’s incremental secured borrowing rate for similar collateral. For operating leases, lease liabilities were discounted at inception at the Company’s weighted average incremental secured borrowing rate for similar collateral estimated to be 3.0% and the weighted average remaining lease term is 2.3 years.