Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.19.1
Property and Equipment
 12 Months Ended
Dec. 31, 2018
Property, Plant and Equipment [Abstract]  
Property and Equipment
4. Property and Equipment 
 
Fortress’ property and equipment consisted of the following:
 
 
 
 
 
December 31,
 
($ in thousands)
 
Useful Life (Years)
 
2018
 
 
2017
 
Computer equipment
 
3
 
$
648
 
 
$
543
 
Furniture and fixtures
 
5
 
 
1,128
 
 
 
1,009
 
Machinery & equipment
 
5
 
 
3,143
 
 
 
143
 
Leasehold improvements
 
5-15
 
 
9,271
 
 
 
5,351
 
Construction in progress
1
 
N/A
 
 
393
 
 
 
1,241
 
Total property and equipment
 
 
 
 
14,583
 
 
 
8,287
 
Less: Accumulated depreciation
 
 
 
 
(2,564
)
 
 
(1,171
)
Property and equipment, net
 
 
 
$
12,019
 
 
$
7,116
 
 
Note 1: Relates to the Mustang cell processing facility.
 
Depreciation expenses of Fortress’ property and equipment for the years ended December 31, 2018 and 2017 was $1.4 million and $0.7 million, respectively, and was recorded in research and development, manufacturing and general and administrative expense in the Consolidated Statements of Operations.