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

Quarterly report pursuant to Section 13 or 15(d)

Computer Equipment, Net

Computer Equipment, Net

9 Months Ended

Sep. 30, 2011

5.	COMPUTER EQUIPMENT, NET

Computer equipment, net consists of the following:


($ in thousands)	As of September 30, 2011			As of December 31, 2010
Computer equipment	$	41		$	41
Less: Accumulated depreciation		(41	)		(19	)

Computer equipment, net	$	—		$	22

Depreciation expense for the nine months ended September 30, 2011 and 2010 and for the period from June 28, 2006 (date of inception) through September 30, 2011 was $21,000, $5,000 and $41,000, respectively. Depreciation expense for the three months ended September 30, 2011 and 2010 was $17,000 and $2,000, respectively. In the three months ended September 30, 2011 the Company assessed the carrying value of its computer equipment and determined that no future value exists and fully-depreciated such assets.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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