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

Quarterly report pursuant to Section 13 or 15(d)

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- Summary of Significant Accounting Policies (Policies)
Notes Tables
Notes Details

Commitments and Contingencies (Tables)

v3.23.3

Commitments and Contingencies (Tables)

9 Months Ended

Sep. 30, 2023

Commitments and Contingencies

Schedule of lease expense


	Three Months Ended September 30,				Nine Months Ended September 30,
($ in thousands)	2023		2022		2023		2022
Operating lease cost	$	687	$	940	$	2,656	$	2,589
Shared lease costs		(526)		(542)		(1,560)		(1,592)
Variable lease cost		220		198		620		459
Total lease expense	$	381	$	596	$	1,716	$	1,456

Summary of Quantitative Information about Operating Leases


	Nine Months Ended September 30,
($ in thousands)	2023			2022
Operating cash flows from operating leases	$	(2,652)		$	(2,615)
Right-of-use assets exchanged for new operating lease liabilities	$	(923)		$	2,176
Weighted-average remaining lease term – operating leases (years)		4.2			4.9
Weighted-average discount rate – operating leases		6.28	%		6.5	%

Schedule of Future Minimum Lease Payments


	Future Lease
($ in thousands)	Liability
Three months ended December 31, 2023	$	900
Year Ended December 31, 2024		3,796
Year Ended December 31, 2025		3,799
Year Ended December 31, 2026		3,535
Year Ended December 31, 2027		3,191
Other		11,669
Total operating lease liabilities		26,890
Less: present value discount		(5,533)
Net operating lease liabilities, short-term and long-term	$	21,357

- Definition

Lessee Lease Portfolio and Other Supplemental Lease Information

+ References

No definition available.

+ Details

Name:	fbio_LesseeLeasePortfolioAndOtherSupplementalLeaseInformation
Namespace Prefix:	fbio_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

- References

No definition available.

+ Details

Name:	us-gaap_CommitmentsAndContingenciesDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-4

+ Details

Name:	us-gaap_LeaseCostTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-6

+ Details

Name:	us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration