Years Ending 
   January 31, 
   2026   2025 
Lab equipment $144,585  $144,585 
Machinery and equipment  1,389,756   1,384,432 
Furniture and Fixtures  19,643   19,643 
  $1,553,984  $1,548,660 
           
Less: Accumulated depreciation  (986,729)  (853,597)
Net Property and Equipment $567,255  $695,063 

Historical Timeline

Fiscal YearFiled
2026Apr 29, 2026Showing above
2025Apr 28, 2025
2024May 1, 2024
2023Apr 26, 2023
2022Apr 29, 2022
2021Apr 2, 2021
2020Apr 14, 2020
2019Apr 19, 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.