Property and equipment, net held for use by category are presented in the following table:

 

   As of
September 30,
 
   2025   2024 
Equipment and furniture  $1,058,045   $976,303 
Total property and equipment   1,058,045    976,303 
Less accumulated depreciation   (798,823)   (559,460)
Property and equipment, net  $259,222   $416,843 

Historical Timeline

Fiscal YearFiled
2025Dec 17, 2025Showing above
2024Dec 17, 2024
2020Dec 9, 2020
2019Dec 20, 2019

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.