​ ​ ​

September 30, 

  ​ ​ ​

September 30, 

2025

2024

Computer equipment

$

3,169,835

$

2,416,795

Furniture and office equipment

 

984,205

 

984,205

Buildings and improvements

 

11,598,890

 

6,198,690

Equipment other

 

15,958,271

 

15,161,225

Land

 

1,021,245

 

1,021,245

 

32,732,446

 

25,782,160

Less accumulated depreciation and amortization

 

(13,927,910)

 

(12,409,862)

$

18,804,536

$

13,372,298

Historical Timeline

Fiscal YearFiled
2025Dec 23, 2025Showing above
2024Dec 30, 2024
2023Jan 12, 2024
2015Jan 14, 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.