​ ​ ​

Estimated 

  ​ ​ ​

December 31, 

  ​ ​ ​

December 31, 

Useful Life

2025

2024

Years

$

$

Land

 

  ​

418,884

418,884

Building

 

39

1,423,810

1,423,810

Furniture and equipment

 

3 to 5

1,183,938

961,655

Right-of-use (“ROU”) assets

 

2 to 5

205,666

326,946

3,232,298

3,131,295

Less: accumulated depreciation

 

  ​

(1,082,337)

(883,573)

Property and equipment, net

 

  ​

2,149,961

2,247,722

Historical Timeline

Fiscal YearFiled
2025Mar 25, 2026Showing above
2024Mar 20, 2025
2023Mar 28, 2024
2022Jun 28, 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.