Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment (Tables)

v3.10.0.1
Property and Equipment (Tables)
 9 Months Ended
Sep. 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)
 
September 30,
2018
 
 
December 31,
2017
 
Computer equipment
 
3
 
$
648
 
 
$
543
 
Furniture and fixtures
 
5
 
 
1,128
 
 
 
1,009
 
Machinery and equipment
 
5
 
 
3,128
 
 
 
143
 
Leasehold improvements
 
5 - 15
 
 
9,236
 
 
 
5,351
 
Construction in process
(1)
 
N/A
 
 
33
 
 
 
1,241
 
Total property and equipment
 
 
 
 
14,173
 
 
 
8,287
 
Less: accumulated depreciation
 
 
 
 
(2,063
)
 
 
(1,171
)
Property and equipment, net
 
 
 
$
12,110
 
 
$
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 June 30, 2018 and September 30, 2017 consisted of the following ($ in thousands):
 
 
 
Estimated Useful
Lives (in years)
 
June 30,
2018
 
 
September 30,
2017
 
Equipment
 
5
 
$
1,854
 
 
$
1,306
 
Furniture and fixtures
 
5
 
 
323
 
 
 
284
 
Leasehold improvements
 
Lesser of useful life or term
 
 
1,041
 
 
 
1,006
 
Capital Leases (primarily composed of computer equipment)
 
5
 
 
276
 
 
 
276
 
Total property and equipment
 
 
 
 
3,494
 
 
 
2,872
 
Less: accumulated depreciation
 
 
 
 
(962
)
 
 
(475
)
Property and equipment, net
 
 
 
$
2,532
 
 
$
2,397