NEXTNRG, INC. PP&E Disclosure
Property and equipment consisted of the following:
| December 31, 2025 | December 31, 2024 | Estimated Useful Lives (Years) | ||||||||
| Vehicles | $ | 11,812,831 | $ | 10,427,658 | * | 5 | ||||
| Equipment | 304,191 | 304,191 | 5 | |||||||
| Office furniture | 129,475 | 129,475 | 5 | |||||||
| Leasehold improvements | 5 | |||||||||
| Office equipment | 15,934 | 14,179 | 5 | |||||||
| 12,262,431 | 10,875,503 | |||||||||
| Accumulated depreciation | (5,428,513 | ) | (3,335,996 | ) | ||||||
| Total property and equipment - net | $ | 6,833,918 | $ | 7,539,507 | ||||||
Asset Purchase – Vehicles - Shell
| * | In 2024, the Company executed an asset purchase agreement with Shell Retail and Convenience Operations, d/b/a Shell TapUp and d/b/a Instafuel (“Shell”) to purchase 73 vehicles ($5,139,877) and above ground storage tanks ($80,000) as part of a growth and expansion plan for a total purchase price of $5,219,877. The Company began its Shell related operations in January 2025, and at that time placed these assets into service. These vehicles have a useful life of five years. |
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Apr 16, 2026 | Showing above |
| 2024 | Mar 27, 2025 | |
| 2023 | Apr 1, 2024 | |
| 2022 | Mar 20, 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.