Property and equipment consist of the following:

 

   June 30, 2025   June 30, 2024 
Production equipment  $38,827   $35,724 
Leasehold improvements   21,818    20,074 
Other equipment   42,731    27,417 
Software   236,113    - 
Construction in progress (CIP)   -    543,410 
Gross property and equipment   339,489    626,625 
Less: accumulated depreciation and amortization   (88,164)   (60,775)
Property and equipment, net  $251,325   $565,850 

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Historical Timeline

Fiscal YearFiled
2025Aug 15, 2025Showing above
2024Sep 18, 2024
2023Aug 23, 2023

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.