Fortress Biotech, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Property and Equipment (Tables)

Property and Equipment (Tables)

12 Months Ended

Dec. 31, 2017

Property, Plant and Equipment [Line Items]

Fortress’ property and equipment, exclusive of National’s property and equipment consisted of the following:

	Useful Life	As of December 31,
($ in thousands)	(Years)	2017		2016
Computer equipment	3	$	543	$	440
Furniture and fixtures	5		1,009		821
Machinery and Equipment	5		143
Leasehold improvements	5 - 15		5,351		5,396
Construction in progress (1)	NA		1,241
Total property and equipment			8,287		6,657
Less: Accumulated depreciation			(1,171)		(445)
Property and equipment, net		$	7,116	$	6,212

(1) For build-out of Mustang’s cell processing facility in Worcester, MA. The total cost of the construction for the Worcester facility is expected to be $3.5 million. The cost of the equipment for the facility is expected to be $2.5 million

National Holdings Corporation [Member]

Property, Plant and Equipment [Line Items]

Components of Property and Equipment

National’s property and equipment as of September 30, 2017 consisted of the following:

	Estimated Useful	September 30,
($ in thousands)	Lives (in years)	2017		2016
Equipment	5	$	1,306	$	600
Furniture and fixtures	5		284		65
Leasehold improvements	Lesser of useful life or term of lease		1,006		259
Capital Leases (Primarily composed of computer equipment)	5		276		276
Total property and equipment			2,872		1,200
Less: Accumulated depreciation			(475)		(36)
Property and equipment, net		$	2,397	$	1,164