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

Quarterly report pursuant to Section 13 or 15(d)

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- Summary of Significant Accounting Policies (Policies)
Notes Tables
Notes Details

Commitments and Contingencies (Tables)

v3.24.2.u1

Commitments and Contingencies (Tables)

6 Months Ended

Jun. 30, 2024

Commitments and Contingencies

Schedule of lease expense


	Three Months Ended June 30,				Six Months Ended June 30,
($ in thousands)	2024		2023		2024		2023
Operating lease cost	$	595	$	950	$	1,235	$	1,969
Shared lease costs		(519)		(519)		(1,042)		(1,034)
Variable lease cost		174		199		390		400
Total lease expense	$	250	$	630	$	583	$	1,335

Summary of Quantitative Information about Operating Leases


	Six Months Ended June 30,
($ in thousands)	2024			2023
Operating cash flows from operating leases	$	(1,850)		$	(1,762)
Right-of-use assets exchanged for new operating lease liabilities	$	—		$	—
Weighted-average remaining lease term – operating leases (years)		4.0			4.4
Weighted-average discount rate – operating leases		6.0	%		6.5	%

Schedule of Future Minimum Lease Payments


	Future Lease
($ in thousands)	Liability
Nine Months Ended December 31, 2024	$	1,819
Year Ended December 31, 2025		3,542
Year Ended December 31, 2026		3,272
Year Ended December 31, 2027		2,923
Year Ended December 31, 2028		2,967
Other		8,125
Total operating lease liabilities		22,648
Less: present value discount		(4,233)
Net operating lease liabilities, short-term and long-term	$	18,415

- Definition

Lessee Lease Portfolio and Other Supplemental Lease Information

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- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-4

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- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-6

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