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Property and Equipment (Tables)

12 Months Ended

Dec. 31, 2019

Property and Equipment

Schedule of Property and equipment

Mustang’s property and equipment consisted of the following:

		Estimated Useful		December 31,			December 31,
($ in thousands)		Life (in years)		2019			2018
Computer equipment		3		$	53		$	53
Furniture and fixtures		5			145			111
Machinery and equipment		5			4,594			3,143
Leasehold improvements		9			3,877			3,790
Construction in process		N/A			1,157			393
Total property and equipment					9,826			7,490
Less: accumulated depreciation					(1,890)			(632)
Property and equipment, net				$	7,936		$	6,858

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- Definition

Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(13))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

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