Property, plant and equipment, net consist of the following:

 

       
   June 30, 
   2025   2024 
Machinery and equipment  $1,534,000   $1,352,000 
Office equipment   3,261,000    2,690,000 
Furniture and equipment   274,000    274,000 
Leasehold improvements   150,000    148,000 
CIP   4,000    106,000 
Property, plant and equipment, gross   5,223,000    4,570,000 
Less: accumulated depreciation   (3,669,000)   (2,821,000)
Total property, plant and equipment, net  $1,554,000   $1,749,000 

Historical Timeline

Fiscal YearFiled
2025Sep 17, 2025Showing above
2024Jan 29, 2025
2023Sep 21, 2023
2022Sep 28, 2022
2021Sep 27, 2021
2020Sep 28, 2020
2019Sep 12, 2019
2018Sep 27, 2018
2017Sep 22, 2017
2016Sep 26, 2016
2015Sep 28, 2015

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.