Mustang Bio, Inc. General form of registration statement for all companies including face-amount certificate companies

General form of registration statement for all companies including face-amount certificate companies

Property, Plant and Equipment, and Asset Impairment (Tables)

Property, Plant and Equipment, and Asset Impairment (Tables)

9 Months Ended

12 Months Ended

Sep. 30, 2024

Dec. 31, 2023

Property, Plant and Equipment, and Asset Impairment

Schedule of Property, Plant and Equipment


		Estimated Useful		September 30,			December 31,
($ in thousands)		Life (in years)		2024			2023
Leasehold improvements		9			7,694			7,694
Construction in process		N/A			—			29
Total property, plant and equipment					7,694			7,723
Less: impairment loss					(2,176)			—
Less: accumulated depreciation					(5,097)			(4,476)
Property, plant and equipment, net				$	421		$	3,247

Mustang’s property, plant and equipment consisted of the following:


		Estimated Useful		December 31,			December 31,
($ in thousands)		Life (in years)		2023			2022
Computer equipment		3		$	—		$	145
Furniture and fixtures		5			—			370
Machinery and equipment		5			—			8,632
Leasehold improvements		9			7,694			7,694
Total property, plant and equipment					7,694			16,841
Less: accumulated depreciation					(4,476)			(8,401)
Property, plant and equipment, net				$	3,218		$	8,440