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

Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

Property and Equipment

3 Months Ended

Mar. 31, 2013

Property and Equipment [Abstract]

Property and Equipment

5. Property and Equipment

Property and equipment consisted of the following:


($ in thousands)	Useful Life (Years)		As of March 31, 2013			As of December 31, 2012
Computer equipment		3	$	10		$	10
Furniture & fixtures		5		40			38
Leasehold improvements		5		6			6

Total property and equipment				56			54
Less: Accumulated depreciation				(6	)		(3	)

Property and equipment, net			$	50		$	51

- 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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