December 31,

  

December 31,

 
  

2025

  

2024

 

Office furniture and equipment

 $275  $227 

Computer equipment and software

  310   283 

Land, buildings and leasehold improvements

  8,665   7,528 

Autos

  771   769 

Machinery and equipment

  10,404   9,207 

Total property and equipment

  20,425   18,014 

Less accumulated depreciation

  (7,332)  (4,310)

Property and Equipment, net

 $13,093  $13,704 

Historical Timeline

Fiscal YearFiled
2025Apr 9, 2026Showing above
2024Apr 11, 2025
2023Apr 16, 2024
2022Mar 31, 2023
2021Mar 31, 2022
2020Mar 30, 2021
2019Mar 30, 2020
2018Mar 20, 2019
2017Apr 2, 2018
2016Mar 31, 2017
2015Mar 30, 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.