Composition of property and equipment is as follows:
December 31,
20242023
Cost:
Computers and peripheral equipment$1,780 $4,055 
Office furniture and equipment2,211 2,183 
Leasehold improvements7,127 7,267 
Internal use software13,755 13,755 
24,873 27,260 
Accumulated depreciation(8,683)(7,147)
Depreciated cost$16,190 $20,113 

Historical Timeline

Fiscal YearFiled
2024Feb 20, 2025Showing above
2021Feb 25, 2022

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.