Property and equipment consisted of the following:

 

   2025   2024 
   Year Ended December 31, 
   2025   2024 
   ($ in thousands) 
Computer equipment  $6,843   $5,963 
Aircraft   1,347    - 
Office furniture and equipment   2,950    2,342 
Transportation equipment   1,833    1,185 
Leasehold improvements   8,002    6,358 
Assets not placed in service   -    164 
Total property and equipment   20,975    16,012 
Less accumulated depreciation   (13,200)   (10,722)
Property and equipment – net  $7,775   $5,290 

Historical Timeline

Fiscal YearFiled
2025Mar 12, 2026Showing above
2024Mar 13, 2025
2023Mar 21, 2024
2022Mar 2, 2023
2021Mar 14, 2022
2020Feb 25, 2021
2019Feb 28, 2020
2018Mar 20, 2019
2017Mar 7, 2018
2016Mar 31, 2017
2015Mar 24, 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.