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Subsequent Events
12 Months Ended
Dec. 31, 2022
Subsequent Events [Abstract]  
Subsequent Events

Note 15 — Subsequent Events

 

Management of the Company has performed a review of all events and transactions occurring after the consolidated balance sheet date to determine if there were any such events or transactions requiring adjustment to or disclosure in the accompanying consolidated financial statements, noting that no such events or transactions occurred other than the following item:

 

On March 12, 2023, Signature Bank, New York, NY, with whom the Company holds several accounts, was closed by the New York State Department of Financial Services and the Federal Deposit Insurance Corporation (“FDIC”) was named Receiver. To protect depositors, the FDIC transferred all the deposits and substantially all of the assets of Signature Bank to Signature Bridge Bank, National Association (“Signature Bridge Bank”), a full-service bank operated by the FDIC. Depositors automatically became customers of Signature Bridge Bank and continued to have uninterrupted customer service and access to their funds in the same manner as before. Depositors of the institution were made whole and the Company did not incur any losses as a result of the closure.