Property and equipment consisted of the following:
December 31, 2025December 31, 2024Estimated
Useful Life
Computer equipment and software$870,685 $803,917 3 years
Office equipment94,876  94,876 5 years
Furniture and fixtures169,258  169,258 7 years
Leasehold improvements18,420  18,420 Lesser of lease term or asset life
Total$1,153,239 $1,086,471 
Less: accumulated depreciation and amortization(914,032) (778,851)
Property and equipment, net$239,207 $307,620 

Historical Timeline

Fiscal YearFiled
2025Apr 15, 2026Showing above
2024Mar 28, 2025
2023Apr 10, 2024
2022Mar 16, 2023
2021Mar 23, 2022

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.