The following table details property and equipment, less accumulated depreciation (dollars in thousands):

 

   December 31, 
   2025   2024 
Computers and equipment  $119   $288 
Furniture and fixtures   115    135 
Improvements   145    186 
Total property and equipment   379    609 
Less: accumulated depreciation   (312)   (444)
Net property and equipment  $67   $165 

Historical Timeline

Fiscal YearFiled
2025Apr 15, 2026Showing above
2024Mar 28, 2025
2023Mar 26, 2024
2022Apr 17, 2023
2021Mar 31, 2022
2020Mar 30, 2021
2019May 15, 2020
2017Apr 20, 2018
2016Apr 17, 2017
2015Apr 14, 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.