March 31, 2026   March 31, 2025 
Furniture and office equipment, at cost  $761,978   $1,112,648 
Add:  additions   3,704     
Less: disposals   (14,628)   (350,670)
Leasehold improvements   893,131    893,131 
Gross property and equipment   1,644,185    1,655,109 
Less: accumulated depreciation   (1,287,363)   (978,889)
Fixed assets, net  $356,822   $676,220 
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Historical Timeline

Fiscal YearFiled
2026Jun 10, 2026Showing above
2025Jun 26, 2025
2024Jun 27, 2024
2023Jun 28, 2023
2022Jun 28, 2022
2021Jun 24, 2021
2020Jun 25, 2020
2019Jul 1, 2019
2018Jun 8, 2018
2017Jun 28, 2017
2016Jun 29, 2016

About PP&E Disclosures

The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.

Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.