Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment (Tables)

v3.21.2
Property and Equipment (Tables)
9 Months Ended
Sep. 30, 2021
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)

2021

2020

Computer equipment

 

3

$

739

$

663

Furniture and fixtures

 

5

 

1,387

 

1,199

Machinery & equipment

 

5

 

6,330

 

5,748

Leasehold improvements

 

2-15

 

13,134

 

10,580

Construction in progress 1

 

N/A

 

1,019

 

499

Total property and equipment

 

22,609

 

18,689

Less: Accumulated depreciation

 

(8,634)

 

(6,766)

Property and equipment, net

$

13,975

$

11,923

Note 1:

Relates to the Mustang cell processing facility.