Fortress Biotech, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

Property and Equipment

3 Months Ended

Mar. 31, 2015

Property Plant And Equipment [Abstract]

Property and Equipment

9. Property and Equipment

Property and equipment consisted of the following:

($ in thousands)	Useful Life (Years)		As of March 31, 2015		As of December 31, 2014
Computer equipment		3	$	13	$	13
Furniture & fixtures		5		69		69
Leasehold improvements		5		12		12
Total property and equipment				94		94
Less: Accumulated depreciation				(48)		(42)
Property and equipment, net			$	46	$	52

Depreciation expense for the three months ended March 31, 2015 and 2014 was $6,000 and $5,000, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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