As of

 
  

December 31, 2025

  

December 31, 2024

 

Leasehold improvements

 $2,420,028  $2,420,028 

Computer equipment

  471,298   450,511 

Furniture and fixtures

  314,434   347,045 

Manufacturing Equipment

  289,575    

Operating lease right-of-use asset

  4,141,333   4,141,333 
   7,636,668   7,358,917 

Less-accumulated depreciation

  (6,545,844)  (6,060,494)

Property, plant and equipment, net

 $1,090,824  $1,298,423 

Historical Timeline

Fiscal YearFiled
2025Mar 10, 2026Showing above
2024Mar 11, 2025
2023Mar 12, 2024
2022Mar 2, 2023
2021Mar 3, 2022
2020Mar 4, 2021
2019Mar 5, 2020
2018Mar 6, 2019
2017Mar 6, 2018
2016Mar 7, 2017
2015Mar 4, 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.