2024 Q1 Form 10-K Financial Statement

#000149315224012100 Filed on April 01, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $3.894M $2.922M $13.74M
YoY Change -4.01% -34.68% -28.03%
Cost Of Revenue $1.940M $1.683M $8.278M
YoY Change -6.66% -25.32% -23.89%
Gross Profit $1.954M $1.239M $5.463M
YoY Change -1.22% -44.19% -33.52%
Gross Profit Margin 50.18% 42.4% 39.76%
Selling, General & Admin $3.218M $3.987M $17.33M
YoY Change -29.39% -17.32% -23.61%
% of Gross Profit 164.66% 321.76% 317.29%
Research & Development $1.130M $1.203M $5.500M
YoY Change -28.57% -37.59% -32.21%
% of Gross Profit 57.83% 97.12% 100.67%
Depreciation & Amortization $102.1K $781.8K $257.1K
YoY Change 1.37% -25.66% -42.35%
% of Gross Profit 5.22% 63.1% 4.71%
Operating Expenses $4.348M $5.190M $44.61M
YoY Change -29.18% -23.58% -38.46%
Operating Profit -$2.394M -$3.951M -$39.15M
YoY Change -42.47% -13.57% -39.09%
Interest Expense $3.489M $46.19K $326.9K
YoY Change -1242.01% -253.92% 446.87%
% of Operating Profit
Other Income/Expense, Net -$3.922M -$21.16K -$3.272M
YoY Change 794.57% -94.46% -154.32%
Pretax Income -$6.316M -$24.51M -$42.42M
YoY Change 37.31% -47.54% -27.18%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$6.316M -$24.51M -$42.42M
YoY Change 37.31% -47.54% -27.18%
Net Earnings / Revenue -162.17% -838.81% -308.71%
Basic Earnings Per Share -$0.77 -$8.04
Diluted Earnings Per Share -$0.77 -$3.91 -$8.04
COMMON SHARES
Basic Shares Outstanding 10.89M shares 117.9M shares 5.280M shares
Diluted Shares Outstanding 8.234M shares 5.280M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $822.9K $819.0K $819.0K
YoY Change -71.1% -81.17% -81.17%
Cash & Equivalents $822.9K $819.0K
Short-Term Investments
Other Short-Term Assets $720.7K $548.6K $548.6K
YoY Change -14.05% -46.72% -46.72%
Inventory $6.438M $6.937M $6.937M
Prepaid Expenses
Receivables $1.351M $2.058M $2.058M
Other Receivables $0.00 $185.0K $185.0K
Total Short-Term Assets $9.333M $10.55M $10.55M
YoY Change -30.17% -27.08% -27.08%
LONG-TERM ASSETS
Property, Plant & Equipment $666.2K $799.9K $4.325M
YoY Change -4.85% 1.1% -8.82%
Goodwill $7.403M $7.403M
YoY Change -68.06% -68.06%
Intangibles $2.457M $2.615M
YoY Change -77.37% -77.27%
Long-Term Investments
YoY Change
Other Assets $249.8K $265.6K $265.6K
YoY Change -17.53% -8.76% -8.76%
Total Long-Term Assets $13.89M $14.61M $14.61M
YoY Change -64.23% -63.22% -63.22%
TOTAL ASSETS
Total Short-Term Assets $9.333M $10.55M $10.55M
Total Long-Term Assets $13.89M $14.61M $14.61M
Total Assets $23.22M $25.16M $25.16M
YoY Change -55.5% -53.57% -53.57%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.648M $3.063M $3.063M
YoY Change 80.45% 65.99% 65.99%
Accrued Expenses $1.691M $1.944M $2.824M
YoY Change 410.76% 448.87% 22.33%
Deferred Revenue $349.5K $226.3K
YoY Change -37.02% -54.41%
Short-Term Debt $678.6K $4.505M $4.505M
YoY Change -27.32% 1467.44% 1467.44%
Long-Term Debt Due $310.0K $391.6K $391.6K
YoY Change -31.28% -12.3% -12.3%
Total Short-Term Liabilities $11.30M $11.03M $11.03M
YoY Change 115.9% 104.89% 104.89%
LONG-TERM LIABILITIES
Long-Term Debt $355.2K $489.0K $489.0K
YoY Change -12.58% 9.45% -78.81%
Other Long-Term Liabilities $2.514M $2.938M $2.938M
YoY Change -16.15% -10.1% -10.1%
Total Long-Term Liabilities $355.2K $489.0K $3.427M
YoY Change -12.58% 9.45% -38.54%
TOTAL LIABILITIES
Total Short-Term Liabilities $11.30M $11.03M $11.03M
Total Long-Term Liabilities $355.2K $489.0K $3.427M
Total Liabilities $14.17M $14.46M $14.46M
YoY Change 41.37% 31.91% 31.91%
SHAREHOLDERS EQUITY
Retained Earnings -$177.1M -$165.6M
YoY Change 52.18% 48.43%
Common Stock $10.89K $140.5K
YoY Change -88.0% 58.84%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $9.053M $10.70M $10.70M
YoY Change
Total Liabilities & Shareholders Equity $23.22M $25.16M $25.16M
YoY Change -55.5% -53.57% -53.57%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$6.316M -$24.51M -$42.42M
YoY Change 37.31% -47.54% -27.18%
Depreciation, Depletion And Amortization $102.1K $781.8K $257.1K
YoY Change 1.37% -25.66% -42.35%
Cash From Operating Activities -$1.553M -$2.126M -$10.96M
YoY Change -63.32% -55.38% -45.51%
INVESTING ACTIVITIES
Capital Expenditures $22.40K $115.4K $215.4K
YoY Change 319.67% 81.98% -31.36%
Acquisitions
YoY Change
Other Investing Activities -$20.68K -$91.61K -$561.6K
YoY Change -91.69% -60.79% -93.02%
Cash From Investing Activities -$43.08K -$217.0K -$777.0K
YoY Change -83.05% -26.95% -90.71%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $3.967M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $1.642M 1.821M $8.551M
YoY Change -45.27% -44.58% -52.13%
NET CHANGE
Cash From Operating Activities -$1.553M -2.126M -$10.96M
Cash From Investing Activities -$43.08K -217.0K -$777.0K
Cash From Financing Activities $1.642M 1.821M $8.551M
Net Change In Cash $3.897K -522.8K -$3.531M
YoY Change -100.26% -70.59% -65.52%
FREE CASH FLOW
Cash From Operating Activities -$1.553M -$2.126M -$10.96M
Capital Expenditures $22.40K $115.4K $215.4K
Free Cash Flow -$1.575M -$2.242M -$11.17M
YoY Change -62.84% -53.58% -45.29%

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CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
4168521 shares
CY2023 UAVS Amortization Of Unrecognized Periodic Pension Costs1
AmortizationOfUnrecognizedPeriodicPensionCosts1
244323 usd
CY2022 UAVS Amortization Of Unrecognized Periodic Pension Costs1
AmortizationOfUnrecognizedPeriodicPensionCosts1
-135439 usd
CY2023 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
-340543 usd
CY2022 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
54762 usd
CY2023 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-42325517 usd
CY2022 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-58173046 usd
CY2023 UAVS Accrued Dividends On Series F Preferred Stock
AccruedDividendsOnSeriesFPreferredStock
-339631 usd
CY2022 UAVS Accrued Dividends On Series F Preferred Stock
AccruedDividendsOnSeriesFPreferredStock
-172596 usd
CY2023 UAVS Deemed Dividends On Series F Preferred Stock
DeemedDividendsOnSeriesFPreferredStock
-11607910 usd
CY2022 UAVS Deemed Dividends On Series F Preferred Stock
DeemedDividendsOnSeriesFPreferredStock
-2245377 usd
CY2023 UAVS Total Comprehensive Loss Available To Common Stockholders
TotalComprehensiveLossAvailableToCommonStockholders
-54273058 usd
CY2022 UAVS Total Comprehensive Loss Available To Common Stockholders
TotalComprehensiveLossAvailableToCommonStockholders
-60591019 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
76576913 usd
CY2022 UAVS Stock Issued During Period Value Settlement Of Heldback Shares From Contingent Liability Related To Measure Acquisition
StockIssuedDuringPeriodValueSettlementOfHeldbackSharesFromContingentLiabilityRelatedToMeasureAcquisition
2812500 usd
CY2022 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
9920000 usd
CY2022 us-gaap Adjustments To Additional Paid In Capital Dividends In Excess Of Retained Earnings
AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings
-172596 usd
CY2022 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
4583341 usd
CY2022 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
3000000 usd
CY2022 UAVS Stock Issued During Period Value Relative Fair Value Of Warrants Issued With Promissory Note
StockIssuedDuringPeriodValueRelativeFairValueOfWarrantsIssuedWithPromissoryNote
1182349 usd
CY2022 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
74350 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
3420664 usd
CY2022 UAVS Amortization Of Unrecognized Periodic Pension Costs
AmortizationOfUnrecognizedPeriodicPensionCosts
135439 usd
CY2022 us-gaap Temporary Equity Foreign Currency Translation Adjustments
TemporaryEquityForeignCurrencyTranslationAdjustments
-54762 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-58253723 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
43224475 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
43224475 usd
CY2023 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
4675000 usd
CY2023 us-gaap Adjustments To Additional Paid In Capital Dividends In Excess Of Retained Earnings
AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings
-339631 usd
CY2023 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
3967400 usd
CY2023 UAVS Stock Issued During Period Value Conversion Of Warrants Issued With Promissory Note And Incremental Value Modification
StockIssuedDuringPeriodValueConversionOfWarrantsIssuedWithPromissoryNoteAndIncrementalValueModification
190500 usd
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
1305329 usd
CY2023 UAVS Amortization Of Unrecognized Periodic Pension Costs
AmortizationOfUnrecognizedPeriodicPensionCosts
-244323 usd
CY2023 us-gaap Temporary Equity Foreign Currency Translation Adjustments
TemporaryEquityForeignCurrencyTranslationAdjustments
340543 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-42421737 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
10697556 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
10697556 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-42421737 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-58253723 usd
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
15776767 usd
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
41687871 usd
CY2023 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
5899307 usd
CY2023 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
79287 usd
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
1305329 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
3420664 usd
CY2023 us-gaap Depreciation And Amortization
DepreciationAndAmortization
3811770 usd
CY2022 us-gaap Depreciation And Amortization
DepreciationAndAmortization
3938860 usd
CY2023 UAVS Defined Benefit Plan Obligation And Other
DefinedBenefitPlanObligationAndOther
93692 usd
CY2022 UAVS Defined Benefit Plan Obligation And Other
DefinedBenefitPlanObligationAndOther
-215797 usd
CY2022 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-25960 usd
CY2023 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
612712 usd
CY2022 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
46270 usd
CY2023 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-1933368 usd
CY2022 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
6463101 usd
CY2023 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-223457 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-637156 usd
CY2023 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-53178 usd
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
2605028 usd
CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-543703 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-230688 usd
CY2023 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1105947 usd
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-681556 usd
CY2023 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
44499 usd
CY2022 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-716960 usd
CY2023 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-280685 usd
CY2022 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-472604 usd
CY2023 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
263029 usd
CY2022 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-340886 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-10956377 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-19762186 usd
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
215357 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
313769 usd
CY2022 UAVS Payment Of Acquisitionrelated Liabilities
PaymentOfAcquisitionrelatedLiabilities
6610900 usd
CY2023 UAVS Capitalization Of Platform Development Costs
CapitalizationOfPlatformDevelopmentCosts
357724 usd
CY2022 UAVS Capitalization Of Platform Development Costs
CapitalizationOfPlatformDevelopmentCosts
817029 usd
CY2023 us-gaap Payments For Software
PaymentsForSoftware
203889 usd
CY2022 us-gaap Payments For Software
PaymentsForSoftware
618061 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-776970 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-8359759 usd
CY2023 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
3967400 usd
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
4583341 usd
CY2023 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
4675000 usd
CY2022 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
9920000 usd
CY2023 UAVS Repayments On Covid Loans
RepaymentsOnCovidLoans
91856 usd
CY2022 UAVS Repayments On Covid Loans
RepaymentsOnCovidLoans
345484 usd
CY2022 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
3285000 usd
CY2022 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
74350 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
8550544 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
17517207 usd
CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-348010 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
364009 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-3530813 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-10240729 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4349837 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
14590566 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
819024 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4349837 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
7590 usd
CY2022 UAVS Stock Consideration For Sensefly Acquisition
StockConsiderationForSenseflyAcquisition
3000000 usd
CY2023 UAVS Rightofuse Asset And Liability
RightofuseAssetAndLiability
212756 usd
CY2023 UAVS Conversion Of Preferred Stock Series F To Common Stock
ConversionOfPreferredStockSeriesFToCommonStock
27805 usd
CY2022 UAVS Conversion Of Preferred Stock Series F To Common Stock
ConversionOfPreferredStockSeriesFToCommonStock
6805 usd
CY2023 UAVS Dividends On Preferred Stock Series F
DividendsOnPreferredStockSeriesF
339631 usd
CY2022 UAVS Dividends On Preferred Stock Series F
DividendsOnPreferredStockSeriesF
172596 usd
CY2023 UAVS Deemed Dividend On Series F Preferred Stock And Warrant
DeemedDividendOnSeriesFPreferredStockAndWarrant
11607910 usd
CY2022 UAVS Deemed Dividend On Series F Preferred Stock And Warrant
DeemedDividendOnSeriesFPreferredStockAndWarrant
2245377 usd
CY2022 UAVS Issuance Of Restricted Common Stock
IssuanceOfRestrictedCommonStock
483 usd
CY2022 UAVS Settlement Of Common Stock From Contingent Liability Related To Measure
SettlementOfCommonStockFromContingentLiabilityRelatedToMeasure
2812500 usd
CY2023 us-gaap Profit Loss
ProfitLoss
42400000 usd
CY2023Q4 UAVS Working Capital Deficit
WorkingCapitalDeficit
500000 usd
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84C_eus-gaap--UseOfEstimates_zWWcFYKdI222" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i><span id="xdx_86A_zCqeKjIo4UMj">Use of Estimates </span></i>- The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates include the reserve for obsolete inventory, valuation of stock issued for services and stock options, and valuation of intangible assets.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023Q4 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 usd
CY2023Q4 us-gaap Cash Uninsured Amount
CashUninsuredAmount
250000 usd
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
2100000 usd
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
2900000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Noncurrent
AllowanceForDoubtfulAccountsReceivableNoncurrent
200000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Noncurrent
AllowanceForDoubtfulAccountsReceivableNoncurrent
500000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Noncurrent
AllowanceForDoubtfulAccountsReceivableNoncurrent
1000000.0 usd
CY2023 us-gaap Receivable With Imputed Interest Effective Yield Interest Rate
ReceivableWithImputedInterestEffectiveYieldInterestRate
0.0049 pure
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
158689 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
16800 usd
CY2023Q4 UAVS Finite Lived Intangibles Assets Net
FiniteLivedIntangiblesAssetsNet
582148 usd
CY2022Q4 UAVS Finite Lived Intangible Assets
FiniteLivedIntangibleAssets
721795 usd
CY2023 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
5899307 usd
CY2022 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
0 usd
CY2023 UAVS Shipping Costs
ShippingCosts
260000 usd
CY2022 UAVS Shipping Costs
ShippingCosts
340000 usd
CY2023 us-gaap Advertising Expense
AdvertisingExpense
100000 usd
CY2022 us-gaap Advertising Expense
AdvertisingExpense
350000 usd
CY2023 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
5500000 usd
CY2022 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
8100000 usd
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_848_eus-gaap--ConcentrationRiskCreditRisk_zFZKTp5tval2" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i><span id="xdx_86F_z7eoQRGpZD9e">Customer Concentrations</span></i> - As of December 31, 2023, there was one significant customer comprising over <span id="xdx_90E_eus-gaap--ConcentrationRiskPercentage1_pid_dp_c20230101__20231231__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--OneCustomerMember_zs2cbE7iujTi" title="Concentration risk, percentage">10</span>% of our accounts receivable balance. As of December 31, 2022, we did not have any customers that exceeded <span id="xdx_903_eus-gaap--ConcentrationRiskPercentage1_pid_dp_c20220101__20221231__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--OneCustomerMember_zOFTEwOpfCAe" title="Concentration risk, percentage">10</span>% of our accounts receivable balance.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023 UAVS Income Tax Rate Reconciliation Description
IncomeTaxRateReconciliationDescription
The guidance requires the rate reconciliation to include specific categories and provides further guidance on disaggregation of those categories based on a quantitative threshold equal to 5% or more of the amount determined by multiplying pretax income (loss) from continuing operations by the applicable statutory rate. For entities reconciling to the US statutory rate of 21%, this would generally require disclosing any reconciling items that impact the rate by 1.05% or more. ASU 2023-09 is effective for public business entities for annual periods beginning after December 15, 2024 (generally, calendar year 2025) and effective for all other business entities one year later. Entities should adopt this guidance on a prospective basis, though retrospective application is permitted.
CY2023Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
1806239 usd
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
614400 usd
CY2023Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
2216235 usd
CY2022Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
2229840 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
158689 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
16800 usd
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
2057546 usd
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
2213040 usd
CY2023Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
4648966 usd
CY2022Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
5288206 usd
CY2023Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
903217 usd
CY2022Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
1106056 usd
CY2023Q4 us-gaap Inventory Gross
InventoryGross
7358422 usd
CY2022Q4 us-gaap Inventory Gross
InventoryGross
7008662 usd
CY2023Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
421442 usd
CY2022Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
322815 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
6936980 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
6685847 usd
CY2023Q4 us-gaap Supplies
Supplies
12738 usd
CY2022Q4 us-gaap Supplies
Supplies
281484 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
182510 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
184429 usd
CY2023Q4 us-gaap Prepaid Rent
PrepaidRent
51497 usd
CY2022Q4 us-gaap Prepaid Rent
PrepaidRent
234691 usd
CY2023Q4 us-gaap Prepaid Insurance
PrepaidInsurance
166210 usd
CY2022Q4 us-gaap Prepaid Insurance
PrepaidInsurance
167794 usd
CY2023Q4 us-gaap Prepaid Taxes
PrepaidTaxes
63209 usd
CY2022Q4 us-gaap Prepaid Taxes
PrepaidTaxes
99558 usd
CY2023Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
72397 usd
CY2022Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
61592 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
548561 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1029548 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1792384 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1494896 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
992492 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
703741 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
799892 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
791155 usd
CY2023 us-gaap Depreciation
Depreciation
257092 usd
CY2022 us-gaap Depreciation
Depreciation
445929 usd
CY2023Q4 UAVS Accrued Purchases And Customer Deposits
AccruedPurchasesAndCustomerDeposits
290126 usd
CY2022Q4 UAVS Accrued Purchases And Customer Deposits
AccruedPurchasesAndCustomerDeposits
102319 usd
CY2023Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
278794 usd
CY2022Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
774916 usd
CY2023Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
303217 usd
CY2022Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
288807 usd
CY2023Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
512227 usd
CY2022Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
172596 usd
CY2023Q4 us-gaap Accrued Professional Fees Current And Noncurrent
AccruedProfessionalFeesCurrentAndNoncurrent
211086 usd
CY2022Q4 us-gaap Accrued Professional Fees Current And Noncurrent
AccruedProfessionalFeesCurrentAndNoncurrent
262737 usd
CY2023Q4 us-gaap Interest Payable Current
InterestPayableCurrent
326945 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
21957 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
79331 usd
CY2023Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
1944352 usd
CY2022Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
1680706 usd
CY2021Q4 UAVS Good Faith Acquisition Ofconsideration
GoodFaithAcquisitionOfconsideration
15000000 usd
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
11507653 usd
CY2023 UAVS Intangible Assets Excluding Goodwill Additions
IntangibleAssetsExcludingGoodwillAdditions
561613 usd
CY2023 UAVS Amortization Of Intangible Assets Excluding Goodwill
AmortizationOfIntangibleAssetsExcludingGoodwill
3554678 usd
CY2023 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
5899307 usd
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
2615281 usd
CY2023Q4 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P3Y5M1D
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
16511732 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
7997144 usd
CY2023Q4 UAVS Impairment Of Intangible Asset
ImpairmentOfIntangibleAsset
5899307 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2615281 usd
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
13565494 usd
CY2022 UAVS Intangible Assets Excluding Goodwill Additions
IntangibleAssetsExcludingGoodwillAdditions
1435090 usd
CY2022 UAVS Amortization Of Intangible Assets Excluding Goodwill
AmortizationOfIntangibleAssetsExcludingGoodwill
3492931 usd
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
11507653 usd
CY2022Q4 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P4Y9M
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
15950121 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
4442468 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
11507653 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Remaining Amortization Period1
FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1
P3Y5M1D
CY2022Q4 us-gaap Finite Lived Intangible Assets Remaining Amortization Period1
FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1
P4Y9M
CY2023 us-gaap Adjustment For Amortization
AdjustmentForAmortization
3554678 usd
CY2022 us-gaap Adjustment For Amortization
AdjustmentForAmortization
3492931 usd
CY2023 UAVS Adjustment For Amortization Of Development Costs
AdjustmentForAmortizationOfDevelopmentCosts
720635 usd
CY2022 UAVS Adjustment For Amortization Of Development Costs
AdjustmentForAmortizationOfDevelopmentCosts
480393 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
716907 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
541175 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
373838 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
349923 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
213802 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
4504500 usd
CY2023Q4 UAVS Percentage Of Aggregate Of The Offered Securities
PercentageOfAggregateOfTheOfferedSecurities
0.50 pure
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
419636 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2615281 usd
CY2020Q4 us-gaap Goodwill
Goodwill
3108000 usd
CY2021 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
74117203 usd
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
12357921 usd
CY2021Q4 us-gaap Goodwill
Goodwill
64867282 usd
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
41687871 usd
CY2022Q4 us-gaap Goodwill
Goodwill
23179411 usd
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
15776767 usd
CY2023Q4 us-gaap Goodwill
Goodwill
7402644 usd
CY2023 UAVS Covid Loan Disclosuretext Block
CovidLoanDisclosuretextBlock
<p id="xdx_804_ecustom--CovidLoanDisclosuretextBlock_zrmWWg2lwmId" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Note 7 – <span id="xdx_827_zXV3ATEaQ3P4">COVID Loan</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In connection with the senseFly Acquisition, the Company assumed the obligations for two COVID Loans originally made by the SBA to senseFly S.A. on July 27, 2020 (“senseFly COVID Loans”). As of senseFly Acquisition Date, the fair value of the COVID Loan was $<span id="xdx_90D_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedFinancialLiabilities_iI_c20231231__us-gaap--BusinessAcquisitionAxis__custom--SenseflyMember_zNX4yq5n1TR6" title="Fair value of the covid loan">1,440,046</span> (“senseFly COVID Loans”). For the twelve months ended December 31, 2023 and 2022, senseFly S.A. made the required payments on the senseFly COVID Loans, including principal and accrued interest, aggregating approximately $<span id="xdx_90A_eus-gaap--RepaymentsOfDebt_c20230101__20231231__us-gaap--DebtInstrumentAxis__custom--SenseflyMember_zVIbRCYx9Ric" title="Payment of principal and interest">91,856</span> and $<span id="xdx_907_eus-gaap--RepaymentsOfDebt_c20220101__20221231__us-gaap--DebtInstrumentAxis__custom--SenseflyMember_z7KOpntGZsIa" title="Payment of principal and interest">345,484</span>, respectively. As of December 31, 2023, the Company’s outstanding obligations under the senseFly COVID Loans are $<span id="xdx_905_eus-gaap--DebtInstrumentCarryingAmount_iI_c20231231__us-gaap--DebtInstrumentAxis__custom--SenseflyCovidLoansMember_zvV6yBBxQJi6" title="Outstanding obligations under the covid loans">880,582</span>. On August 25, 2023, the Company modified one (1) of its existing agreements to extend the repayment period of the COVID Loan from a maturity date of December 2023 to June 2025. The other COVID loan remains unchanged.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt/107% Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIES</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0; margin-bottom: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022</b></span></p> <p style="font: 10pt/107% Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Note 7 – COVID Loan- Continued</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_89C_eus-gaap--ScheduleOfMaturitiesOfLongTermDebtTableTextBlock_z4itoc3SB7Jk" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As of December 31, 2023, scheduled principal payments due under the senseFly COVID Loans are as follows:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8BE_zKu4bmICGPy5" style="display: none">Schedule of Maturity of SenseFly Covid Loans</span></span></span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td> </td> <td colspan="2" id="xdx_49C_20231231__us-gaap--DebtInstrumentAxis__custom--SenseflyCovidLoansMember_zUWlKGxVk8Q1"> </td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold"><span style="font-family: Times New Roman, Times, Serif">Year Ending December 31,</span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_404_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths_iI_maLTDzGkt_z8A8CvESLpx5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 80%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">2024</span></td><td style="width: 2%"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="width: 16%; text-align: right"><span style="font-family: Times New Roman, Times, Serif">391,545</span></td><td style="width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_405_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo_iI_maLTDzGkt_zNbfaaA1jHga" style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif">2025</span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">195,381</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40A_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearThree_iI_maLTDzGkt_zSoybOpMMkNh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif">2026</span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">97,887</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_408_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFour_iI_maLTDzGkt_zwl3p4AN8Eo2" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif">2027</span></td><td style="padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif">195,769</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40C_eus-gaap--LongTermDebt_iI_mtLTDzGkt_zKCKaLHPGoEk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif">Total</span></td><td style="padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font-family: Times New Roman, Times, Serif">880,582</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> </table> <p id="xdx_8A8_zzIBgsGJmAt6" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
3500000 usd
CY2022Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
5000000 shares
CY2022Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
0.44
CY2022Q4 UAVS Debt Instrument Original Issue Discount Percent
DebtInstrumentOriginalIssueDiscountPercent
0.04 pure
CY2022Q4 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.08 pure
CY2022Q4 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
3285000 usd
CY2022Q4 us-gaap Investment Income Amortization Of Discount
InvestmentIncomeAmortizationOfDiscount
140000 usd
CY2022Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
75000 usd
CY2023 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
1847200 usd
CY2023 us-gaap Investment Income Amortization Of Discount
InvestmentIncomeAmortizationOfDiscount
1182349 usd
CY2023 UAVS Debt Instrument Discount Including Fair Value Of Warrants
DebtInstrumentDiscountIncludingFairValueOfWarrants
1397350 usd
CY2022Q2 us-gaap Investments In And Advances To Affiliates At Fair Value Gross Additions
InvestmentsInAndAdvancesToAffiliatesAtFairValueGrossAdditions
3300000 usd
CY2023 UAVS Gains Losses On Extinguishment Of Debt Net
GainsLossesOnExtinguishmentOfDebtNet
2571133 usd
CY2023Q4 us-gaap Debt Default Longterm Debt Amount
DebtDefaultLongtermDebtAmount
409500 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
4504500 usd
CY2023Q4 UAVS Net Proceeds Percentage
NetProceedsPercentage
0.50 pure
CY2023Q4 us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
2000000 usd
CY2023 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
412188 usd
CY2023Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
0 usd
CY2023 us-gaap Interest Expense
InterestExpense
326945 usd
CY2023Q4 us-gaap Interest Payable Current
InterestPayableCurrent
326945 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
4504500 usd
CY2022Q4 UAVS Description Of Down Round Or Anti Dilution Trigger Event
DescriptionOfDownRoundOrAntiDilutionTriggerEvent
a down round or anti-dilution trigger event occurred resulting in the conversion rate on the Series F and the exercise price of the Series F Warrants issued with the Series F adjusting down to $0.44 from $0.62 and $0.96, respectively (the “December Down Round Trigger”).
CY2023 UAVS Aggregate Deemed Dividend
AggregateDeemedDividend
2245377 usd
CY2023Q1 UAVS Aggregate Deemed Dividend
AggregateDeemedDividend
255976 usd
CY2023Q2 UAVS Aggregate Deemed Dividend
AggregateDeemedDividend
4654918 usd
CY2023Q4 UAVS Aggregate Purchase Price
AggregatePurchasePrice
1850000 usd
CY2023 us-gaap Dividends
Dividends
339631 usd
CY2022Q2 us-gaap Preferred Stock Value
PreferredStockValue
1000 usd
CY2022 us-gaap Dividends
Dividends
172596 usd
CY2022Q2 us-gaap Preferred Stock Value
PreferredStockValue
1000 usd
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
839247 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
697361 usd
CY2023Q4 UAVS Lieu Payment
LieuPayment
55133 usd
CY2023Q3 UAVS Lieu Payment
LieuPayment
15000 usd
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2561231 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
2.18
CY2022Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
1.19
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P3Y3M29D
CY2022Q4 UAVS Share Based Compensation Arrangement By Share Based Payment Award Option Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionOutstandingIntrinsicValue
31124 usd
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
325000 shares
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0.32
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.15
CY2023 UAVS Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term Granted
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTermGranted
P3Y7D
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
380999 shares
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
1.83
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
0.99
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2505232 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
2.00
CY2023Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
1.08
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P1Y5M26D
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
2294 usd
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
2309199 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
2.13
CY2023Q4 UAVS Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageFairValue
1.16
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P1Y3M7D
CY2023Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
2294 usd
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2541667 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
2.88
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
1.57
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y3M7D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
1244029 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
512065 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0.66
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.32
CY2022 UAVS Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term Granted
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTermGranted
P3Y7D
CY2022 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
185000 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.40
CY2022 UAVS Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercised Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisedWeightedAverageGrantDateFairValue
0.29
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
307501 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
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6.47
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