Property and equipment, net consist of the following:

 

   December 31,   December 31, 
   2025   2024 
Buildings and Improvement  $122,609   $128,778 
Computer and office equipment   42,360    52,412 
Furniture & fixtures   13,622    13,865 
Laboratory equipment    392,111    411,840 
Total   570,702    606,895 
Accumulated depreciation     (524,309)   (547,716)
Net fixed assets  $46,393   $59,179 

Historical Timeline

Fiscal YearFiled
2025Mar 18, 2026Showing above
2024Apr 4, 2025
2023Apr 1, 2024
2022Apr 17, 2023
2021Apr 8, 2022
2020Mar 12, 2021

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.