Property and equipment, net as of December 31, 2022 and 2021, consisted of the following:

 

   December 31,   December 31, 
   2022   2021 
         
Computers and equipment  $124,199   $113,151 
Furniture and fixtures   16,898    23,760 
Software   2,026,200    1,903,121 
Property and equipment   2,167,297    2,040,032 
Accumulated depreciation   (2,059,219)   (1,898,753)
Property and equipment, net  $108,078   $141,279 

Historical Timeline

Fiscal YearFiled
2022Jun 15, 2023Showing above
2021Apr 1, 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.