Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment (Tables)

v3.10.0.1
Property and Equipment (Tables)
 6 Months Ended
Jun. 30, 2018
Property, Plant and Equipment [Line Items]  
Components of Property and Equipment
Fortress’s property and equipment, exclusive of National’s property and equipment, consisted of the following ($ in thousands):
 
 
 
Estimated Useful
Lives (in years)
 
June 30,
2018
 
December 31,
2017
 
Computer equipment
 
3
 
$
648
 
$
543
 
Furniture and fixtures
 
5
 
 
1,128
 
 
1,009
 
Machinery and equipment
 
5
 
 
1,897
 
 
143
 
Leasehold improvements
 
5 – 15
 
 
9,181
 
 
5,351
 
Construction in process (1)
 
N/A
 
 
864
 
 
1,241
 
Total property and equipment
 
 
 
 
13,718
 
 
8,287
 
Less: accumulated depreciation
 
 
 
 
(1,674)
 
 
(1,171)
 
Property and equipment, net
 
 
 
$
12,044
 
$
7,116
 
 
(1)
Relates to the Mustang cell processing facility.
National Holdings Corporation [Member]  
Property, Plant and Equipment [Line Items]  
Components of Property and Equipment
National’s property and equipment as of March 31, 2018 and September 30, 2017 consisted of the following ($ in thousands):
 
 
 
Estimated Useful
Lives (in years)
 
March 31,
2018
 
September 30,
2017
 
Equipment
 
5
 
$
1,344
 
$
1,306
 
Furniture and fixtures
 
5
 
 
291
 
 
284
 
Leasehold improvements
 
Lesser of useful life or term
 
 
1,011
 
 
1,006
 
Capital Leases (primarily composed of computer equipment)
 
5
 
 
276
 
 
276
 
Fixed assets – gross
 
 
 
 
2,922
 
 
2,872
 
Accumulated depreciation and amortization
 
 
 
 
(803)
 
 
(475)
 
Fixed asset - net
 
 
 
$
2,119
 
$
2,397