(in thousands)

 

December 31, 2025

  

December 31, 2024

 

Leasehold improvements

 $1,215  $1,215 

Computer equipment

  383   406 

Furniture and equipment

  804   804 

Quality control and marketing equipment

  1,079   1,834 

Assets not yet placed in service

     29 
   3,481   4,288 

Less accumulated depreciation

  (2,614)  (3,027)

Property and equipment, net

 $867  $1,261 

Historical Timeline

Fiscal YearFiled
2025Feb 25, 2026Showing above
2024Feb 26, 2025
2023Mar 6, 2024
2022Mar 10, 2023
2021Mar 11, 2022

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.