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Property, Plant and Equipment (Tables)
3 Months Ended
Mar. 31, 2022
Property, Plant and Equipment  
Schedule of Property, Plant and Equipment

At March 31, 2022 and December 31, 2021, Mustang’s property, plant and equipment consisted of the following:

    

Estimated Useful

    

March 31, 

    

December 31, 

($ in thousands)

Life (in years)

2022

2021

Computer equipment

 

3

$

145

$

145

Furniture and fixtures

 

5

 

370

 

370

Machinery and equipment

 

5

 

6,633

 

6,550

Leasehold improvements

 

9

 

7,694

 

7,694

Construction in process

 

N/A

 

2,043

 

2,027

Total property, plant and equipment

 

16,885

 

16,786

Less: accumulated depreciation

 

(6,374)

 

(5,734)

Property, plant and equipment, net

$

10,511

$

11,052