2025   2024 
         
Office equipment  $684,473   $668,260 
Warehouse equipment   1,382,818    1,285,278 
Buildings   5,212,847    5,211,588 
Land   158,500    158,500 
    7,438,638    7,323,626 
           
Accumulated depreciation   (3,795,524)   (3,473,826)
           
Net book value  $3,643,114   $3,849,800 

Historical Timeline

Fiscal YearFiled
2025Dec 1, 2025Showing above
2024Nov 20, 2024
2023Nov 28, 2023
2022Nov 29, 2022
2021Nov 29, 2021
2020Nov 12, 2020
2019Nov 13, 2019
2018Nov 15, 2018
2017Nov 13, 2017
2016Nov 2, 2016
2015Nov 6, 2015

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.