June 30, 

    

June 30, 

2025

2024

GMP Facility

$

8,168,045

$

8,168,045

Land

 

260,000

 

260,000

Office Equipment

 

77,425

 

63,056

Furniture and Fixtures

 

5,607

 

5,607

Lab Equipment

 

6,512,173

 

6,469,578

Total Property and Equipment

 

15,023,250

 

14,966,286

Less Accumulated Depreciation

 

(8,189,359)

 

(7,453,823)

Property and Equipment, Net

$

6,833,891

$

7,512,463

Historical Timeline

Fiscal YearFiled
2025Sep 29, 2025Showing above
2024Sep 27, 2024
2023Oct 13, 2023
2022Oct 13, 2022
2021Oct 12, 2021
2020Oct 13, 2020
2019Aug 23, 2019
2018Oct 12, 2018
2017Sep 28, 2017
2016Sep 16, 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.