Property and equipment consisted of the following at March 31, 2025 and March 31, 2024:

 

 

March 31, 2025

 

 

March 31, 2024

 

Leasehold Improvements

 

$

247,725

 

 

$

247,725

 

Furniture and Fixtures

 

 

331,483

 

 

 

331,483

 

Software and Equipment

 

 

9,249,946

 

 

 

6,198,213

 

Construction in Progress

 

 

733,384

 

 

 

429,210

 

Total property and equipment

 

$

10,562,538

 

 

$

7,206,631

 

Less accumulated depreciation

 

 

(4,084,854

)

 

 

(2,668,593

)

Property and equipment, net

 

$

6,477,684

 

 

$

4,538,038

 

Historical Timeline

Fiscal YearFiled
2025Jun 16, 2025Showing above
2024Jun 13, 2024
2023Jun 14, 2023
2022Jun 29, 2022
2021Jun 29, 2021
2020Aug 19, 2020
2017Apr 11, 2018

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.