Quarterly report pursuant to Section 13 or 15(d)

Property, Plant and Equipment (Tables)

v3.22.1
Property, Plant and Equipment (Tables)
3 Months Ended
Mar. 31, 2022
Property, Plant and Equipment  
Schedule of Property, Plant and Equipment

Fortress’ property, plant and equipment consisted of the following:

    

Useful Life

    

March 31, 

    

December 31, 

($ in thousands)

(Years)

2022

2021

Computer equipment

 

3

$

743

$

739

Furniture and fixtures

 

5

 

1,387

 

1,387

Machinery & equipment

 

5

 

6,634

 

6,550

Leasehold improvements

 

2-15

 

13,175

 

13,175

Buildings

40

581

581

Construction in progress 1

 

N/A

 

2,043

 

2,028

Total property and equipment

 

24,563

 

24,460

Less: Accumulated depreciation

 

(10,133)

 

(9,394)

Property, plant and equipment, net

$

14,430

$

15,066

Note 1:

Relates to the Mustang cell processing facility.