Property, Plant and Equipment |
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Property, Plant and Equipment |
5. Property, Plant and Equipment At September 30, 2023 and December 31, 2022, property, plant and equipment consisted of the following:
Fortress' depreciation expense for the three months ended September 30, 2023 and 2022 was approximately $0.4 million and $0.8 million, respectively, and for the nine months ended September 30, 2023 and 2022 was approximately $1.9 million and $2.3 million, respectively. Fortress’ depreciation expense is recorded in both research and development expense and general and administrative expense in the condensed consolidated statement of operations. |
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- References No definition available.
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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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