Property and equipment consisted of the following:

 

         
   December 31, 
   2025   2024 
EV charging stations  $53,456   $42,419 
Software   3,628    3,294 
Automobiles   536    1,979 
Office and computer equipment   2,994    2,750 
Leasehold improvements   1,974    2,001 
Machinery and equipment   1,169    1,128 
Property and equipment, gross   63,757    53,571 
Less: accumulated depreciation   (21,066)   (16,190)
Property and equipment, net  $42,691   $37,381 

Historical Timeline

Fiscal YearFiled
2025Mar 31, 2026Showing above
2024Apr 9, 2025
2023Mar 18, 2024
2022Mar 14, 2023
2021Mar 16, 2022
2020Mar 31, 2021
2019Apr 2, 2020
2018Apr 1, 2019

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.