Annual report pursuant to Section 13 and 15(d)

Property and Equipment (Tables)

v3.23.1
Property and Equipment (Tables)
12 Months Ended
Dec. 31, 2022
Property and Equipment  
Schedule of Property and Equipment

Mustang’s property and equipment consisted of the following:

    

Estimated Useful

    

December 31, 

    

December 31, 

($ in thousands)

Life (in years)

2022

2021

Computer equipment

 

3

$

145

$

145

Furniture and fixtures

 

5

 

370

 

370

Machinery and equipment

 

5

 

8,632

 

6,550

Leasehold improvements

 

9

 

7,694

 

7,694

Construction in process

 

N/A

 

951

 

2,027

Total property, plant and equipment

 

17,792

 

16,786

Less: accumulated depreciation

 

(8,401)

 

(5,734)

Property, plant and equipment, net

$

9,391

$

11,052