Property and equipment consist of the following:

 

   As of December 31, 
   2024   2023 
Office equipment  $48,260   $46,351 
Computer equipment   1,352,638    1,267,340 
Esports gaming truck   1,240,605    1,225,945 
Furniture and fixtures   684,584    680,795 
Production equipment   8,146,506    8,136,009 
Leasehold improvements   4,677,734    4,711,996 
    16,150,327    16,068,436 
Less: accumulated depreciation and amortization   (13,150,245)   (12,234,243)
Property and equipment, net  $3,000,082   $3,834,193 

Historical Timeline

Fiscal YearFiled
2024Jun 9, 2025Showing above
2022Mar 24, 2023

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.