Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment (Tables)

v3.21.2
Property and Equipment (Tables)
9 Months Ended
Sep. 30, 2021
Property and Equipment  
Schedule of Property and Equipment

Fortress’ property and equipment consisted of the following:

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​

​

​

​

​

​

​

​

​

​

​

    

Useful Life

    

September 30, 

    

December 31, 

($ in thousands)

​

(Years)

​

2021

​

2020

​

​

​

Computer equipment

 

​

3

​

$

739

​

$

663

Furniture and fixtures

 

​

5

​

 

1,387

​

 

1,199

Machinery & equipment

 

​

5

​

 

6,330

​

 

5,748

Leasehold improvements

 

​

2-15

​

 

13,134

​

 

10,580

Construction in progress 1

 

​

N/A

​

 

1,019

​

 

499

Total property and equipment

 

​

​

​

​

22,609

​

 

18,689

Less: Accumulated depreciation

 

​

​

​

​

(8,634)

​

 

(6,766)

Property and equipment, net

​

​

​

​

$

13,975

​

$

11,923

​

Note 1:

Relates to the Mustang cell processing facility.