In accordance with ASC 730-10-25-1, Research and Development, costs incurred in obtaining technology licenses are charged to research and development expense if the technology licensed has not reached technological feasibility and has no alternative future use. The licenses purchased by the Company and its’ subsidiaries require substantial completion of research and development, regulatory and marketing approval efforts in order to reach technological feasibility. As such, for the three and six months ended June 30, 2018 and 2017, the purchase price of licenses acquired was classified as research and development-licenses acquired in the Condensed Consolidated Statements of Operations, as reflected in the table below:

 

		For the Three Months Ended June 30,						For the Six Months Ended June 30,
($ in thousands)		2018			2017			2018			2017
Fortress		$	–		$	300		$	–		$	300
Fortress Companies:
Checkpoint			–			–			–			400
Helocyte			–			–			21			–
Mustang			–			1,500			75			2,075
Cellvation			–			–			1			–
Caelum			–			–			–			219
Cyprium			–			–			–			100
Aevitas			1			–			1			–
Total		$	1		$	1,800		$	98		$	3,094

 

Checkpoint

 

The table below provides a summary of Checkpoint’s expense related to its licenses, for the three and six months ended June 30, 2018 and 2017 by license as recorded in the Condensed Consolidated Statements of Operations:

 

		For the Three Months Ended June 30,						For the Six Months Ended June 30,
($ in thousands)		2018			2017			2018			2017
Jubliant Biosys License CK-103		$	–		$	–		$	–		$	400
Total Licenses Acquired Expense		$	–		$	–		$	–		$	400

 

 

Mustang

 

The table below provides a summary of Mustang’s expense related to its licenses, for the three and six months ended June 30, 2018 and 2017 by license as recorded in the Condensed Consolidated Statements of Operations:

 

		For the Three Months Ended June 30,						For the Six Months Ended June 30,
($ in thousands)		2018			2017			2018			2017
City of Hope (COH) IL-13 License		$	–		$	–		$	–		$	250
COH IV/ICV License			–			–			–			125
COH HER2 License			–			600			–			600
COH CS-1 License			–			600			–			600
COH License for PSCA			–			300			–			500
Manufacturing License			–			–			75			–
Total licenses acquired expense		$	–		$	1,500		$	75		$	2,075

 

Caelum

 

 

Cyprium