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Commitments and Contingencies (Tables)
9 Months Ended
Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]  
Schedule of future minimum lease obligations operating leases

CommitmentsFuture minimum lease obligations under non-cancelable operating leases as of September 30, 2023 are as follows ($ in thousands):(1)  

2023 (remaining three months)

$

121

2024

 

486

2025

 

486

2026

 

486

2027

 

162

Thereafter

 

Total undiscounted cash flows

 

1,741

Present value discount(1)

 

(93)

Lease liabilities

$

1,648

(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 3.6 years.