Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment (Tables)

v3.20.2
Property and Equipment (Tables)
9 Months Ended
Sep. 30, 2020
Property and Equipment  
Schedule of property and equipment

Fortress’ property and equipment consisted of the following:

    

Useful Life

    

September 30, 

    

December 31, 

($ in thousands)

(Years)

2020

2019

(Unaudited)

Computer equipment

 

3

$

662

$

648

Furniture and fixtures

 

5

 

1,199

 

1,162

Machinery & equipment

 

5

 

5,014

 

4,594

Leasehold improvements

 

5-15

 

10,580

 

9,358

Construction in progress 1

 

N/A

 

821

 

1,157

Total property and equipment

 

18,276

 

16,919

Less: Accumulated depreciation

 

(6,162)

 

(4,486)

Property and equipment, net

$

12,114

$

12,433

Note 1:

Relates to the Mustang cell processing facility.