Property and Equipment (Tables)

6 Months Ended

Jun. 30, 2021

Property and Equipment

Schedule of Property and Equipment

At June 30, 2021 and December 31, 2020, Mustang’s property and equipment consisted of the following:

	Estimated Useful	June 30,		December 31,
($ in thousands)	Life (in years)	2021		2020
Computer equipment	3	$	68	$	68
Furniture and fixtures	5		195		181
Machinery and equipment	5		6,294		5,748
Leasehold improvements	9		5,099		5,099
Construction in process	N/A		2,355		499
Total property and equipment			14,011		11,595
Less: accumulated depreciation			(4,501)		(3,567)
Property and equipment, net		$	9,510	$	8,028