Depreciation is computed using the straight-line method over the estimated useful lives of the assets as follows:
Computer Equipment3 years
Office Equipment
3 - 10 years
Furniture and Fixtures
5 - 10 years
Property and equipment consist of the following:
December 31, 2025December 31, 2024
Furniture and fixtures$29,848 $29,848 
Office equipment8,506 8,506 
Computer equipment255,449 277,918 
Total293,803 316,272 
Less accumulated depreciation(276,672)(212,698)
Property and equipment, net$17,131 $103,574 

Historical Timeline

Fiscal YearFiled
2025Mar 17, 2026Showing above
2024Mar 27, 2025
2023Apr 1, 2024
2022Mar 31, 2023
2021Mar 31, 2022
2020Mar 30, 2021
2019Mar 30, 2020
2018Mar 28, 2019
2017Apr 17, 2018
2016Mar 28, 2017
2015Mar 30, 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.