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Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]  
Schedule of future minimum lease obligations operating leases

CommitmentsFuture minimum lease obligations under non-cancelable operating leases as of June 30, 2024 are as follows ($ in thousands):(1)

2024 (remaining six months)

$

243

2025

 

486

2026

 

486

2027

 

162

2028

 

Thereafter

 

Total undiscounted cash flows

 

1,377

Present value discount(1)

 

(60)

Lease liabilities

$

1,317

(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 2.8 years.