Property and equipment were comprised of the following at:

 

   December 31, 2024   December 31, 2023 
Property and Equipment  $1,434,743   $1,436,593 
Accumulated Depreciation   (1,431,830)   (1,432,063)
Net Fixed Assets  $2,913   $4,530 

Historical Timeline

Fiscal YearFiled
2024Apr 14, 2025Showing above
2023Apr 17, 2024
2022Apr 17, 2023
2021Apr 15, 2022
2020Apr 15, 2021
2019May 28, 2020
2018Apr 15, 2019
2017Apr 16, 2018
2016Apr 17, 2017
2015Apr 14, 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.