Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.19.1
Property and Equipment
 12 Months Ended
Dec. 31, 2018
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Disclosure [Text Block]
Note 5 - Property and Equipment
 
Mustang’s property and equipment consisted of the following ($ in thousands):
 
 
 
Estimated Useful

Life (in years)
 
December 31,

2018
 
 
December 31,

2017
 
Computer equipment
 
3
 
$
53
 
 
$
-
 
Furniture and fixtures
 
5
 
 
111
 
 
 
-
 
Machinery & equipment
 
5
 
 
3,143
 
 
 
142
 
Leasehold improvements
 
9
 
 
3,790
 
 
 
-
 
Construction in process
 
N/A
 
 
393
 
 
 
1,241
 
Total property and equipment
 
 
 
 
7,490
 
 
 
1,383
 
Less: accumulated depreciation
 
 
 
 
(632
)
 
 
(2
)
Property and equipment, net
 
 
 
$
6,858
 
 
$
1,381
 
 
Mustang’s depreciation expense for the year ended December 2018 and 2017 was approximately $0.6 million and $2,000, respectively, and was recorded in research and development expense in the Statements of Operations.