Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment (Tables)

v3.5.0.2
Property and Equipment (Tables)
 9 Months Ended
Sep. 30, 2016
Property Plant And Equipment [Line Items]  
Components of Property and Equipment
Fortress's property and equipment, exclusive of National's property and equipment consisted of the following:
 
 
 
 
 
September 30,
 
December 31,
 
($ in thousands)
 
Useful Life (Years)
 
2016
 
2015
 
Computer equipment
 
3
 
$
436
 
$
13
 
Furniture and fixtures
 
5
 
 
788
 
 
69
 
Leasehold improvements
 
5
 
 
164
 
 
21
 
Construction in progress (1)
 
15
 
 
4,733
 
 
274
 
Total property and equipment
 
 
 
 
6,121
 
 
377
 
Less: Accumulated depreciation
 
 
 
 
(296)
 
 
(68)
 
Property and equipment, net
 
 
 
$
5,825
 
$
309
 
 
(1) For build-out of the Company's new office in New York, NY.
National Holdings Corporation [Member]  
Property Plant And Equipment [Line Items]  
Components of Property and Equipment
National’s preliminary property and equipment, at fair value as of September 9, 2016 consisted of the following:
 
 
 
September 9,
 
Estimated Useful
 
($ in thousands)
 
2016
 
Lives (in years)
 
Equipment
 
$
532
 
5
 
Furniture and fixtures
 
 
65
 
5
 
Leasehold improvements
 
 
259
 
Lesser of useful life or term of lease
 
Capital Leases (primarily composed of computer equipment)
 
 
276
 
5
 
Property and equipment, net
 
$
1,132