Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment (Tables)

v3.19.3
Property and Equipment (Tables)
 9 Months Ended
Sep. 30, 2019
Property and Equipment  
Schedule of property and equipment

Fortress’ property and equipment consisted of the following:

 

 

 

 

 

 

 

 

 

 

 

 

    

Useful Life

    

September 30, 

    

December 31,

($ in thousands)

 

(Years)

 

2019

 

2018

 

 

(Unaudited)

Computer equipment

 

 

3

 

$

648

 

$

648

Furniture and fixtures

 

 

5

 

 

1,153

 

 

1,128

Machinery & equipment

 

 

5

 

 

3,960

 

 

3,143

Leasehold improvements

 

 

5‑15

 

 

9,358

 

 

9,271

Construction in progress (1)

 

 

N/A

 

 

1,011

 

 

393

Total property and equipment

 

 

 

 

 

16,130

 

 

14,583

Less: Accumulated depreciation

 

 

 

 

 

(3,978)

 

 

(2,564)

Property and equipment, net

 

 

 

 

$

12,152

 

$

12,019

 

Note 1: Relates to the Mustang cell processing facility.