Mustang Bio, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Property and Equipment

Property and Equipment

12 Months Ended

Dec. 31, 2021

Property and Equipment

Property and Equipment

Note 5 - Property and Equipment

Mustang’s property and equipment consisted of the following:


	Estimated Useful	December 31,		December 31,
($ in thousands)	Life (in years)	2021		2020
Computer equipment	3	$	145	$	68
Furniture and fixtures	5		370		181
Machinery and equipment	5		6,550		5,748
Leasehold improvements	9		7,694		5,099
Construction in process	N/A		2,027		499
Total property and equipment			16,786		11,595
Less: accumulated depreciation			(5,734)		(3,567)
Property and equipment, net		$	11,052	$	8,028

Mustang’s depreciation expense for the years ended December 2021 and 2020 was approximately $2.2 million and $1.7 million, respectively, and was recorded in research and development expense in the Statements of Operations.