Annual report [Section 13 and 15(d), not S-K Item 405]

Property and Equipment (Tables)

v3.25.1
Property and Equipment (Tables)
12 Months Ended
Dec. 31, 2024
Property and Equipment  
Schedule of Property and Equipment

Fortress’ property and equipment consisted of the following:

    

Useful Life

    

December 31, 

December 31,

($ in thousands)

(Years)

2024

2023

Computer equipment

 

3

$

595

$

595

Furniture and fixtures

 

5

 

1,017

 

1,017

Leasehold improvements

 

15

 

13,175

 

13,175

Buildings

40

581

581

Construction in progress

 

N/A

 

 

29

Total property and equipment

 

15,368

 

15,397

Impairment - Leasehold Improvements

(2,176)

Less: Accumulated depreciation

 

(9,932)

 

(8,892)

Property and equipment, net

$

3,260

$

6,505