June 30,   June 30, 
Property and equipment, net  2025   2024 
Manufacturing equipment   $1,935   $1,935 
Land and building    575    575 
Other equipment    854    827 
Total property and equipment, gross    

3,364

    3,337 
Accumulated depreciation    

(2,326

)   (2,171)
Total property and equipment, net   $1,038   $1,166 

Historical Timeline

Fiscal YearFiled
2025Sep 19, 2025Showing above
2024Sep 18, 2024
2023Sep 25, 2023
2022Sep 28, 2022
2021Sep 22, 2021
2020Sep 28, 2020
2019Sep 30, 2019
2018Sep 28, 2018
2017Oct 13, 2017
2016Oct 21, 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.