Fortress Biotech, Inc. Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment (Tables)

9 Months Ended

Sep. 30, 2017

Fortress's property and equipment, exclusive of National's property and equipment, consisted of the following ($ in thousands):

	Estimated Useful	September 30,		December 31,
	Lives (in years)	2017		2016
Computer equipment	3	$	523	$	440
Furniture and fixtures	5		1,002		821
Leasehold improvements	Various		5,351		5,396
Construction in process ⁽¹⁾	N/A		139		-
Total property and equipment			7,015		6,657
Less: accumulated depreciation			(986)		(445)
Property and equipment, net		$	6,029	$	6,212

(1)

In connection with Mustang’s manufacturing facility, Mustang incurred $0.1 million related to the design of the facility as of September 30, 2017.

National's property and equipment as of June 30, 2017 consisted of the following ($ in thousands):

	Estimated Useful		June 30,
	Lives (in years)		2017
Equipment		5	$	1,305
Furniture and fixtures		5		240
Leasehold improvements		Lesser of useful life or term of lease		685
Capital leases (primarily composed of computer equipment)		5		276
Total property and equipment				2,506
Less: accumulated depreciation				(314)
Property and equipment, net			$	2,192