Property, plant and equipment consisted of the following:
As of December 31,
20252024
Furniture and fixtures$27 $27 
Office and computer equipment5,224 5,050 
Software11,698 11,855 
Operations equipment1,165 1,165 
Leasehold improvements489 2,189 
18,603 20,286 
Less: Accumulated depreciation(16,740)(17,909)
Add: Assets under development61 44 
Net property, plant and equipment$1,924 $2,421 

Historical Timeline

Fiscal YearFiled
2025Feb 26, 2026Showing above
2024Mar 3, 2025
2023Mar 15, 2024
2022Mar 16, 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.