2025

 

 

2024

 

Furniture and fixtures

 

$269,123

 

 

$293,152

 

Equipment

 

 

1,062,765

 

 

 

1,192,071

 

Capitalized software development costs

 

 

19,411,746

 

 

 

17,940,976

 

Leasehold improvements

 

 

467,243

 

 

 

465,885

 

Subtotal

 

 

21,210,877

 

 

 

19,892,084

 

Less: accumulated depreciation and amortization

 

 

(19,581,313)

 

 

(18,099,181)

Total

 

$1,629,564

 

 

$1,792,903

 

Historical Timeline

Fiscal YearFiled
2025Mar 5, 2026Showing above
2024Feb 27, 2025
2019May 12, 2020
2018Mar 15, 2019
2016Feb 16, 2017
2015Feb 12, 2016

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.