Quarterly report [Sections 13 or 15(d)]

Property and Equipment

v3.26.1
Property and Equipment
6 Months Ended
Jun. 30, 2026
Property and Equipment  
Property and Equipment

5. Property and Equipment

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Useful Life

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June 30, 

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December 31,

($ in thousands)

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(Years)

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2026

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2025

Computer equipment

 

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3

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$

595

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$

595

Furniture and fixtures

 

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5

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432

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1,017

Leasehold improvements

 

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3 - 15

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5,510

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5,470

Buildings

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40

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581

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581

Total property and equipment

 

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7,118

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7,663

Impairment - Leasehold Improvements

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(2,176)

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(2,176)

Less: Accumulated depreciation

 

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(2,530)

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(2,968)

Property and equipment, net

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$

2,412

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$

2,519

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Fortress' depreciation expense for the three months ended June 30, 2026 and 2025 was approximately $0.1 million and $0.1 million, respectively. Fortress' depreciation expense for the six months ended June 30, 2026 and 2025 was approximately $0.2 million and $0.2 million, respectively.

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Fortress’ depreciation expense is recorded in both research and development expense and selling, general and administrative expense in the condensed consolidated statement of operations.