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

Annual report pursuant to Section 13 and 15(d)

Property and Equipment

Property and Equipment

12 Months Ended

Dec. 31, 2021

Property and Equipment

Property and Equipment

5. Property and Equipment

Fortress’ property and equipment consisted of the following:


	Useful Life		December 31,		December 31,
($ in thousands)	(Years)		2021		2020


Computer equipment		3	$	739	$	663
Furniture and fixtures		5		1,387		1,199
Machinery & equipment		5		6,550		5,748
Leasehold improvements		2-15		13,175		10,580
Buildings		40		581		—
Construction in progress ¹		N/A		2,028		499
Total property and equipment				24,460		18,689
Less: Accumulated depreciation				(9,394)		(6,766)
Property and equipment, net			$	15,066	$	11,923

Note 1: Relates to the Mustang cell processing facility.

Depreciation expenses of Fortress’ property and equipment for the years ended December 31, 2021 and 2020 was $2.6 million and $2.3 million, respectively, and was recorded in research and development, and selling, general and administrative expense in the Consolidated Statements of Operations.