Property and equipment consisted of the following:

 

   April 30,
2025
   April 30,
2024
 
         
Furniture & Fixtures  $3,225,560   $3,225,560 
Equipment   4,516,337    4,457,856 
Leasehold Improvement   2,386,693    2,269,819 
Automobile   715,948    715,948 
Total property and equipment   10,844,538    10,669,183 
Accumulated depreciation   (8,810,606)   (8,334,220)
Property and equipment, net  $2,033,932   $2,334,963 

Historical Timeline

Fiscal YearFiled
2025Aug 14, 2025Showing above
2024Aug 13, 2024
2023Jul 31, 2023

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.