Estimated (Years)

 

 

 

 

 

 

 

 

 

Life

 

 

2025

 

 

2024

 

Computers

 

 

3

 

 

$19,977

 

 

$19,977

 

Equipment

 

 

3

 

 

 

531,490

 

 

 

366,400

 

Equipment - Demo System

 

 

5

 

 

 

2,874,932

 

 

 

2,298,666

 

Vehicles

 

 

5

 

 

 

87,300

 

 

 

59,306

 

Equipment-in-progress

 

 

 

 

 

 

1,177,052

 

 

 

-

 

Total property and equipment

 

 

 

 

 

 

4,690,751

 

 

 

2,744,349

 

Less: accumulated depreciation

 

 

 

 

 

 

(855,433)

 

 

(176,778)

Total property and equipment, net

 

 

 

 

 

$3,835,318

 

 

$2,567,571

 

Historical Timeline

Fiscal YearFiled
2025Mar 31, 2026Showing above
2019Apr 14, 2020
2018Mar 29, 2019
2017Apr 17, 2018
2016Apr 17, 2017
2015Mar 30, 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.