Immix Biopharma, Inc. PP&E Disclosure
Property and equipment at December 31, 2025 and 2024 consisted of:
| December 31, 2025 | December 31, 2024 | |||||||
| Operating equipment | $ | 1,565,985 | $ | 844,740 | ||||
| Office equipment | 3,896 | 3,896 | ||||||
| Leasehold improvements | 1,244,741 | |||||||
| 2,841,622 | 848,636 | |||||||
| Less: Accumulated depreciation | (293,001 | ) | (47,255 | ) | ||||
| 2,521,621 | 801,381 | |||||||
| Construction in progress | 938,768 | |||||||
| $ | 2,521,621 | $ | 1,740,149 | |||||
For the years ended December 31, 2025 and 2024, depreciation expense amounted to $245,747 and $32,941, respectively. Depreciation is not taken during the period of construction or equipment installation. Upon completion of the installation of manufacturing equipment or any construction in progress, balances will be classified to their respective property and equipment category.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 25, 2026 | Showing above |
| 2024 | Mar 25, 2025 | |
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.