Property, plant and equipment consisted of the following as of December 31:

 

   Estimated        
   Useful Life  2025   2024 
Machinery and equipment  5-10 years  $10,211,000   $9,998,000 
Building and improvements  39 years   317,000    317,000 
Furniture and fixtures  7 years   441,000    432,000 
Software and websites  3 years   240,000    240,000 
Total Cost      11,209,000    10,987,000 
Less: accumulated depreciation      6,390,000    5,606,000 
Property, plant and equipment, net     $4,819,000   $5,381,000 

Historical Timeline

Fiscal YearFiled
2025Mar 31, 2026Showing above
2024Mar 31, 2025
2023Mar 27, 2024
2022Mar 31, 2023
2021Mar 31, 2022
2020Mar 31, 2021
2019Mar 31, 2020
2018Mar 15, 2019
2017Mar 6, 2018
2016Mar 28, 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.