On December 31, 2025 and 2024, property and equipment consisted of the following:

 

   2025   2024 
   December 31, 
   2025   2024 
Manufacturing equipment  $340,009   $340,009 
Drones and related equipment   152,310    115,423 
Software library   10,000    10,000 
Furniture, fixtures and office equipment   19,250    7,329 
Property and equipment, gross   521,569    472,761 
Less accumulated depreciation   (238,482)   (157,880)
           
Total  $283,087   $314,881 

Historical Timeline

Fiscal YearFiled
2025Mar 31, 2026Showing above
2024Mar 31, 2025

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.