Quarterly report [Sections 13 or 15(d)]

Property and Equipment

v3.26.1
Property and Equipment
3 Months Ended
Mar. 31, 2026
Property and Equipment  
Property and Equipment

5. Property and Equipment

  ​ ​ ​

Useful Life

  ​ ​ ​

March 31, 

December 31,

($ in thousands)

(Years)

2026

2025

Computer equipment

 

3

$

595

$

595

Furniture and fixtures

 

5

 

392

 

1,017

Leasehold improvements

 

15

 

5,470

 

5,470

Buildings

40

581

581

Total property and equipment

 

7,038

 

7,663

Impairment - Leasehold Improvements

(2,176)

(2,176)

Less: Accumulated depreciation

 

(2,436)

 

(2,968)

Property and equipment, net

$

2,426

$

2,519

Fortress' depreciation expense for the three months ended March 31, 2026 and 2025 was approximately $0.1 million and $0.1 million, respectively. Fortress’ depreciation expense is recorded in both research and development expense and selling, general and administrative expense in the condensed consolidated statement of operations.