Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment (Tables)

v3.21.2
Property and Equipment (Tables)
6 Months Ended
Jun. 30, 2021
Property and Equipment  
Schedule of Property and Equipment

Fortress’ property and equipment consisted of the following:

    

Useful Life

    

June 30, 

    

December 31, 

($ in thousands)

(Years)

2021

2020

(Unaudited)

Computer equipment

 

3

$

663

$

663

Furniture and fixtures

 

5

 

1,211

 

1,199

Machinery & equipment

 

5

 

6,295

 

5,748

Leasehold improvements

 

2-15

 

10,580

 

10,580

Construction in progress 1

 

N/A

 

2,355

 

499

Total property and equipment

 

21,104

 

18,689

Less: Accumulated depreciation

 

(7,978)

 

(6,766)

Property and equipment, net

$

13,126

$

11,923

Note 1:

Relates to the Mustang cell processing facility.