2025  2024
Auto   45,420    45,420 
Machinery & equipment        
Buildings & Tanks        
Leasehold improvements        
Computer Software   5,979    5,979 
Office furniture & equipment   1,500    1,500 
Total cost   52,899    52,899 
Accumulated depreciation   (39,973)   (30,689)
Property, plant & equipment, net   12,926    22,210 

Historical Timeline

Fiscal YearFiled
2025Apr 15, 2026Showing above
2024Jul 11, 2025
2023Mar 29, 2024
2022Mar 31, 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.