The Company’s property, plant and equipment consisted of the following:

 

   December 31,
2024
   December 31,
2023
 
Gross Amount        
Computer & peripheral   290,724    180,009 
Furniture   175,538    175,707 
Leasehold improvement   254,468    154,651 
Office equipment   156,579    103,371 
Pay Per Use Systems   3,374,228    
-
 
Plant and machinery   377,121    128,498 
R & D equipment   
-
    90,434 
Server & networking   34,926    21,999 
Vehicles   191,961    183,577 
Demo system   1,128,305    
-
 
Capital work in progress   47,592    
-
 
Accumulated depreciation   (645,487)   (331,841)
Total   5,385,955    706,405 

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.