Property and equipment include the following:

 

   December 31, 2025   December 31, 2024 
         
Property and equipment  $611,954   $351,590 
Building and leasehold improvements   12,458,107    - 
Land   1,524,800    - 
Vehicles   439,555    413,555 
Gross property and equipment   15,034,416    765,145 
Less: Accumulated depreciation   (688,675)   (490,929)
Net property and equipment  $14,345,741   $274,216 

Historical Timeline

Fiscal YearFiled
2025Mar 31, 2026Showing above
2024Apr 9, 2025
2023Apr 12, 2024
2022Apr 14, 2023
2021Mar 31, 2022
2018Apr 5, 2019
2016Mar 13, 2017
2015Mar 1, 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.