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10-K Property and Equipment, net
 12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment, net Property and Equipment, net
As of December 31, 2023 and 2022, property and equipment, net consists of:
As of December 31,20232022
($ in thousands)
Computer software$9,993 $6,174 
Leasehold improvements503 503 
Furniture and equipment126 126 
Property and equipment, cost
10,621 6,803 
Accumulated depreciation(3,020)(753)
Property and equipment, net
$7,601 $6,050 
For the year ended December 31, 2023, depreciation expense was $2.3 million, of which $2.1 million related to amortization of capitalized software. For the year ended December 31, 2022, depreciation expense was $0.7 million, of which $0.6 million related to amortization of capitalized software.