Property and equipment as of December 31, 2025 and 2024 is summarized as follows:

 

   December 31,   December 31, 
   2025   2024 
   (000’s)   (000’s) 
Computer equipment  $531   $531 
Furniture and fixtures   109    109 
Testing/Demo equipment   312    312 
Leasehold improvements   84    84 
Total   1,036    1,036 
Less accumulated depreciation   (1,011)   (951)
Property and equipment, net  $25   $85 

Historical Timeline

Fiscal YearFiled
2025Mar 31, 2026Showing above
2024Apr 15, 2025
2023Apr 16, 2024
2022Mar 31, 2023
2021Mar 31, 2022
2020Mar 15, 2021
2019Mar 13, 2020
2018Mar 15, 2019
2017Feb 27, 2018
2016Mar 30, 2017
2015Mar 14, 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.