Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.21.1
Property and Equipment
12 Months Ended
Dec. 31, 2020
Property and Equipment  
Property and Equipment

Note 5 - Property and Equipment

Mustang’s property and equipment consisted of the following:

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​

​

​

​

​

​

​

​

​

​

    

Estimated Useful

    

December 31, 

    

December 31, 

($ in thousands)

​

Life (in years)

​

2020

​

2019

Computer equipment

 

3

​

$

68

​

$

53

Furniture and fixtures

 

5

​

 

181

​

 

145

Machinery and equipment

 

5

​

 

5,748

​

 

4,594

Leasehold improvements

 

9

​

 

5,099

​

 

3,877

Construction in process

 

N/A

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499

​

 

1,157

Total property and equipment

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​

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11,595

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9,826

Less: accumulated depreciation

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​

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(3,567)

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(1,890)

Property and equipment, net

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​

​

$

8,028

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$

7,936

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Mustang’s depreciation expense for the years ended December 2020 and 2019 was approximately $1.7 million and $1.3 million, respectively, and was recorded in research and development expense in the Statements of Operations.