A summary of the Company’s property and equipment at December 31, 2025 and 2024 is as follows:

 

   Useful  December 31,   December 31, 
   Life  2025   2024 
Computer and office equipment  3-5 years  $64,000   $8,000 
Less: accumulated depreciation      (42,000)   (6,000)
Property and equipment net      $22,000   $2,000 

Historical Timeline

Fiscal YearFiled
2025Apr 2, 2026Showing above
2024Apr 15, 2025
2023Jul 14, 2023
2022Jul 14, 2022
2021Jul 14, 2021
2020Aug 13, 2020
2019Jul 1, 2019
2018Jun 28, 2018
2017Jun 29, 2017
2016Jun 29, 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.