December 31,
2025
   December 31,
2024
 
Furniture and Fixtures  $161,097   $132,018 
Tools and Equipment   1,618,643    1,569,034 
EDC PODS and Generators   1,791,061     
Leasehold Improvements   306,910    298,004 
Construction in Progress   25,589,371    2,099,493 
Internal Use Software   381,441    381,441 
    29,848,523    4,479,990 
Accumulated Depreciation   (2,110,717)   (1,708,211)
Property and Equipment, net  $27,737,806   $2,771,779 

 

 

   December 31,
2025
   December 31,
2024
 
Internal Use Software consisted of the following:          
Internal Use Software  $381,441   $381,441 
Accumulated Depreciation   (322,487)   (225,429)
Internal Use Software, net  $58,954   $156,012 

 

 

         
   December 31,
2025
   December 31,
2024
 
Depreciation Expense:          
Property and equipment, excluding internal use software  $305,447   $239,302 
Internal Use Software amortization expense   97,058    92,280 
   $402,505   $331,582 

Historical Timeline

Fiscal YearFiled
2025Mar 31, 2026Showing above
2024Mar 31, 2025
2023Apr 1, 2024
2022Mar 31, 2023
2021Mar 31, 2022
2020Mar 30, 2021
2018Apr 15, 2019
2017Apr 2, 2018
2016Mar 30, 2017
2015Apr 1, 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.