Property, equipment and ROU assets consisted of the following:

 

   June 30,
2025
   June 30,
2024
 
   $   $ 
         
Right-of-Use Assets (leases)   1,901,468    2,135,811 
Equipment   429,091    429,090 
Furnishing   -    40,409 
Property and equipment   2,330,559    2,605,310 
Less: accumulated depreciation and amortization   (1,338,360)   (1,355,311)
Property, equipment and ROU assets, net   992,199    1,249,999 

Historical Timeline

Fiscal YearFiled
2025Sep 23, 2025Showing above
2024Sep 30, 2024
2023Sep 29, 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.