Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment (Tables)

v3.21.1
Property and Equipment (Tables)
3 Months Ended
Mar. 31, 2021
Property and Equipment  
Schedule of Property and Equipment

At March 31, 2021 and December 31, 2020, Mustang’s property and equipment consisted of the following:

    

Estimated Useful

    

March 31, 

    

December 31, 

($ in thousands)

Life (in years)

2021

2020

Computer equipment

 

3

$

68

$

68

Furniture and fixtures

 

5

 

194

 

181

Machinery and equipment

 

5

 

5,748

 

5,748

Leasehold improvements

 

9

 

5,099

 

5,099

Construction in process

 

N/A

 

1,458

 

499

Total property and equipment

 

12,567

 

11,595

Less: accumulated depreciation

 

(4,029)

 

(3,567)

Property and equipment, net

$

8,538

$

8,028