Property and Equipment
|9 Months Ended|
Sep. 30, 2020
|Property and Equipment|
|Property and Equipment||
Note 5 - Property and Equipment
Mustang’s property and equipment consisted of the following ($ in thousands):
Depreciation expense for the three months ended September 30, 2020, and 2019, was approximately $0.4 million and $0.3 million and depreciation expense for the nine months ended September 30, 2020 and 2019, was approximately $1.2 million and $0.9 million, respectively, and was recorded in research and development expense in the Condensed Statements of Operations.
The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef