2022 Q3 Form 10-Q Financial Statement

#000157570522000587 Filed on August 15, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $5.491M $5.288M $3.842M
YoY Change 171.59% 172.94% 125.79%
Cost Of Revenue $3.408M $2.738M $2.477M
YoY Change 177.74% 185.41% 298.31%
Gross Profit $2.083M $2.550M $1.365M
YoY Change 162.1% 160.71% 26.41%
Gross Profit Margin 37.94% 48.23% 35.53%
Selling, General & Admin $5.412M $5.756M $6.616M
YoY Change 41.77% 17.68% 73.75%
% of Gross Profit 259.8% 225.73% 484.73%
Research & Development $1.819M $2.182M $2.185M
YoY Change 134.03% 140.61% 838.54%
% of Gross Profit 87.3% 85.58% 160.08%
Depreciation & Amortization $110.2K $114.4K $876.0K
YoY Change -66.6% 233.34% 548.35%
% of Gross Profit 5.29% 4.49% 64.18%
Operating Expenses $7.230M $7.939M $8.847M
YoY Change 57.38% 36.91% 118.95%
Operating Profit -$5.147M -$5.389M -$7.482M
YoY Change 35.47% 11.78% 152.7%
Interest Expense -$6.730K -$213.2K -$16.33K
YoY Change -275.72% -3560.39% -672.98%
% of Operating Profit
Other Income/Expense, Net $6.812M -$213.2K -$98.30K
YoY Change 27368.88% -249.78% -458.5%
Pretax Income $1.665M -$5.602M -$7.597M
YoY Change -144.15% 19.74% 159.22%
Income Tax
% Of Pretax Income
Net Earnings $1.665M -$5.602M -$7.597M
YoY Change -144.15% 19.74% 159.22%
Net Earnings / Revenue 30.32% -105.94% -197.73%
Basic Earnings Per Share $0.02 -$0.07
Diluted Earnings Per Share $0.01 -$68.60K -$97.49K
COMMON SHARES
Basic Shares Outstanding 87.00M shares 81.66M shares
Diluted Shares Outstanding 113.6M shares 81.66M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.302M $13.51M $9.187M
YoY Change -83.54% -65.56% -62.03%
Cash & Equivalents $5.302M $13.51M $9.187M
Short-Term Investments
Other Short-Term Assets $1.210M $2.122M $1.433M
YoY Change 20.8% 204.05% 406.46%
Inventory $6.118M $5.648M $5.309M
Prepaid Expenses $1.210M $2.122M
Receivables $3.178M $3.763M $3.105M
Other Receivables $185.0K $185.0K $185.0K
Total Short-Term Assets $15.99M $25.22M $19.22M
YoY Change -55.98% -40.31% -26.79%
LONG-TERM ASSETS
Property, Plant & Equipment $838.1K $842.7K $2.644M
YoY Change -39.85% -42.95% 84.11%
Goodwill $64.87M $64.87M
YoY Change
Intangibles $12.22M $12.88M
YoY Change
Long-Term Investments
YoY Change
Other Assets $279.8K $284.0K $280.9K
YoY Change 1019.28% 1036.08% 1023.76%
Total Long-Term Assets $79.35M $80.31M $81.08M
YoY Change 9.75% 11.1% 197.61%
TOTAL ASSETS
Total Short-Term Assets $15.99M $25.22M $19.22M
Total Long-Term Assets $79.35M $80.31M $81.08M
Total Assets $95.34M $105.5M $100.3M
YoY Change -12.23% -7.87% 87.49%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.194M $2.159M $1.924M
YoY Change 84.88% 87.48% 290.23%
Accrued Expenses $215.9K $2.950M
YoY Change -82.88% -22.91%
Deferred Revenue $653.2K $2.133M
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $380.3K $604.1K $445.8K
YoY Change 332.96%
Total Short-Term Liabilities $5.772M $16.45M $16.12M
YoY Change -18.29% 100.87% 77.75%
LONG-TERM LIABILITIES
Long-Term Debt $634.3K $604.4K $802.7K
YoY Change 17816.96%
Other Long-Term Liabilities $660.3K $4.877M $5.014M
YoY Change -91.07% -57.43% -14.94%
Total Long-Term Liabilities $634.3K $604.4K $5.817M
YoY Change -91.42% -94.72% -1.39%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.772M $16.45M $16.12M
Total Long-Term Liabilities $634.3K $604.4K $5.817M
Total Liabilities $7.066M $21.93M $21.93M
YoY Change -51.12% 11.63% 46.56%
SHAREHOLDERS EQUITY
Retained Earnings -$62.59M -$64.25M
YoY Change
Common Stock $87.45K $82.45K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $88.28M $83.60M $78.37M
YoY Change
Total Liabilities & Shareholders Equity $95.34M $105.5M $100.3M
YoY Change -12.23% -7.87% 87.49%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $1.665M -$5.602M -$7.597M
YoY Change -144.15% 19.74% 159.22%
Depreciation, Depletion And Amortization $110.2K $114.4K $876.0K
YoY Change -66.6% 233.34% 548.35%
Cash From Operating Activities -$3.714M -$5.118M -$6.510M
YoY Change 17.1% 115.24% 476.86%
INVESTING ACTIVITIES
Capital Expenditures -$113.2K -$62.20K -$74.95K
YoY Change 651.86% -51.25% -9.69%
Acquisitions
YoY Change
Other Investing Activities -$3.945M -$438.7K -$3.428M
YoY Change -34.95% -96.07% -74.02%
Cash From Investing Activities -$4.059M -$500.9K -$3.503M
YoY Change -33.25% -95.56% -73.62%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 12.85K 9.951M 4.614M
YoY Change -99.43% -65.31% -68.53%
NET CHANGE
Cash From Operating Activities -3.714M -5.118M -6.510M
Cash From Investing Activities -4.059M -500.9K -3.503M
Cash From Financing Activities 12.85K 9.951M 4.614M
Net Change In Cash -7.760M 4.332M -5.399M
YoY Change 10.96% -71.16% -2232.38%
FREE CASH FLOW
Cash From Operating Activities -$3.714M -$5.118M -$6.510M
Capital Expenditures -$113.2K -$62.20K -$74.95K
Free Cash Flow -$3.601M -$5.056M -$6.435M
YoY Change 14.08% 124.69% 515.47%

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OtherOperatingIncomeExpenseNet
55039 usd
CY2022Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-213157 usd
CY2021Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
142313 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-327789 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
172586 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-5601736 usd
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-4678172 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-13198308 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-7608702 usd
CY2022Q2 us-gaap Profit Loss
ProfitLoss
-5601736 usd
CY2021Q2 us-gaap Profit Loss
ProfitLoss
-4678172 usd
us-gaap Profit Loss
ProfitLoss
-13198308 usd
us-gaap Profit Loss
ProfitLoss
-7608702 usd
CY2022Q2 uavs Amortization Of Unrecognized Periodic Pension Cost
AmortizationOfUnrecognizedPeriodicPensionCost
2641 usd
uavs Amortization Of Unrecognized Periodic Pension Cost
AmortizationOfUnrecognizedPeriodicPensionCost
2641 usd
CY2022Q2 us-gaap Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax
OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax
-132136 usd
us-gaap Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax
OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax
-152308 usd
CY2022Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-5466959 usd
CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-4678172 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-13043359 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-7608702 usd
CY2022Q2 uavs Net Loss Percommon Share Basic And Diluted
NetLossPercommonShareBasicAndDiluted
-0.07
CY2021Q2 uavs Net Loss Percommon Share Basic And Diluted
NetLossPercommonShareBasicAndDiluted
-0.07
uavs Net Loss Percommon Share Basic And Diluted
NetLossPercommonShareBasicAndDiluted
0.17
uavs Net Loss Percommon Share Basic And Diluted
NetLossPercommonShareBasicAndDiluted
-0.12
CY2022Q2 uavs Weighted Average Number Of Shares Outstanding During Period Basic And Diluted
WeightedAverageNumberOfSharesOutstandingDuringPeriodBasicAndDiluted
81659858 shares
CY2021Q2 uavs Weighted Average Number Of Shares Outstanding During Period Basic And Diluted
WeightedAverageNumberOfSharesOutstandingDuringPeriodBasicAndDiluted
68338866 shares
uavs Weighted Average Number Of Shares Outstanding During Period Basic And Diluted
WeightedAverageNumberOfSharesOutstandingDuringPeriodBasicAndDiluted
79732890 shares
uavs Weighted Average Number Of Shares Outstanding During Period Basic And Diluted
WeightedAverageNumberOfSharesOutstandingDuringPeriodBasicAndDiluted
64795122 shares
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
78368485 usd
CY2022Q2 uavs Issuance Of Preferred Stock Series F Net Of Issuance Costs
IssuanceOfPreferredStockSeriesFNetOfIssuanceCosts
9920000 usd
CY2022Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
30750 usd
CY2022Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
748023 usd
CY2022Q2 us-gaap Foreign Currency Transaction Loss Before Tax
ForeignCurrencyTransactionLossBeforeTax
132136 usd
CY2022Q2 uavs Amortization Of Unrecognized Periodic Pension Costs
AmortizationOfUnrecognizedPeriodicPensionCosts
2641 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-5601736 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
83600299 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
76576913 usd
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
4583341 usd
us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
3000000 usd
uavs Issuance Of Preferred Stock Series F Net Of Issuance Costs
IssuanceOfPreferredStockSeriesFNetOfIssuanceCosts
9920000 usd
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
61500 usd
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2501904 usd
us-gaap Foreign Currency Transaction Loss Before Tax
ForeignCurrencyTransactionLossBeforeTax
152308 usd
uavs Amortization Of Unrecognized Periodic Pension Costs
AmortizationOfUnrecognizedPeriodicPensionCosts
2641 usd
us-gaap Net Income Loss
NetIncomeLoss
-13198308 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
83600299 usd
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
38530759 usd
CY2021Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
28647161 usd
CY2021Q2 uavs Issuance Of Common Stock For Micasense Acquisition
IssuanceOfCommonStockForMicasenseAcquisition
3000000 usd
CY2021Q2 uavs Issuance Of Common Stock For Measure Acquisition
IssuanceOfCommonStockForMeasureAcquisition
24375000 usd
CY2021Q2 uavs Stock Issued In Exchange For Professional Services
StockIssuedInExchangeForProfessionalServices
2907000 usd
CY2021Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
34445 usd
CY2021Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2081781 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-4678172 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
94897974 usd
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
26354729 usd
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
34961104 usd
uavs Sale Of Common Stock From Conversion Of Warrants
SaleOfCommonStockFromConversionOfWarrants
8305368 usd
uavs Issuance Of Common Stock For Micasense Acquisition
IssuanceOfCommonStockForMicasenseAcquisition
3000000 usd
uavs Issuance Of Common Stock For Measure Acquisition
IssuanceOfCommonStockForMeasureAcquisition
24375000 usd
uavs Stock Issued In Exchange For Professional Services
StockIssuedInExchangeForProfessionalServices
2907000 usd
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
75825 usd
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2527650 usd
us-gaap Net Income Loss
NetIncomeLoss
-7608702 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
94897974 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-13198308 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-7608702 usd
us-gaap Share Based Compensation
ShareBasedCompensation
2501904 usd
us-gaap Share Based Compensation
ShareBasedCompensation
2527650 usd
us-gaap Defined Benefit Plan Other Changes
DefinedBenefitPlanOtherChanges
5644 usd
uavs Provision For Bad Debts
ProvisionForBadDebts
47262 usd
uavs Stock Issued In Exchange For Professional Service
StockIssuedInExchangeForProfessionalService
2907000 usd
uavs Paycheck Protection Program Loan Forgiveness
PaycheckProtectionProgramLoanForgiveness
108532 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
1844196 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
454876 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-3712 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
944064 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
383059 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1702158 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
206031 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
846691 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
220339 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-348416 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
587482 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-290443 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-1649198 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
1168007 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
141644 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
193528 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-11628089 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-3506235 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
137149 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
210576 usd
uavs Acquisition Related Liabilities
AcquisitionRelatedLiabilities
2936501 usd
uavs Acquisition Of Micasense Net Of Cash Acquired
AcquisitionOfMicasenseNetOfCashAcquired
14536863 usd
uavs Acquisition Of Measure Net Of Cash Acquired
AcquisitionOfMeasureNetOfCashAcquired
9445258 usd
uavs Capitalization Of Platform Development Costs
CapitalizationOfPlatformDevelopmentCosts
319799 usd
uavs Capitalization Of Platform Development Costs
CapitalizationOfPlatformDevelopmentCosts
369060 usd
uavs Capitalization Of Internal Use Software Costs
CapitalizationOfInternalUseSoftwareCosts
610643 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-4004092 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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uavs Sales Of Common Stock Net Of Issuance Cost1
SalesOfCommonStockNetOfIssuanceCost1
4583341 usd
uavs Sales Of Common Stock Net Of Issuance Cost1
SalesOfCommonStockNetOfIssuanceCost1
34961104 usd
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
8305368 usd
uavs Sale Of Preferred Stock Series F Net Of Issuance Costs
SaleOfPreferredStockSeriesFNetOfIssuanceCosts
9920000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
61500 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
75825 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
14564841 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
43342297 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-17633 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1084973 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
15274305 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
14590566 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
23940333 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
13505593 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
39214638 usd
uavs Stock Consideration For Sensefly Acquisition
StockConsiderationForSenseflyAcquisition
3000000 usd
uavs Conversion Of Preferred Stock Series F To Common Stock
ConversionOfPreferredStockSeriesFToCommonStock
500 usd
uavs Issuance Of Restricted Common Stocks
IssuanceOfRestrictedCommonStocks
302 usd
uavs Acquisition Liability Related To Micasense Acquisition
AcquisitionLiabilityRelatedToMicasenseAcquisition
5000000 usd
uavs Stock Consideration For Micasense Acquisition
StockConsiderationForMicasenseAcquisition
3000000 usd
uavs Acquisition Liability Related To Measure Acquisition
AcquisitionLiabilityRelatedToMeasureAcquisition
5471592 usd
uavs Stock Consideration For Measure Acquisition
StockConsiderationForMeasureAcquisition
24375000 usd
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_842_eus-gaap--UseOfEstimates_z1nRvj4nZKFi" style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt"><span style="font: 10pt Times New Roman, Times, Serif"><i><span id="xdx_862_zrjnVHioIlug">Use of Estimates</span> </i>– The preparation of financial statements in conformity with accounting principles generally accepted in the United States o</span>f 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 revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates include the allowance for doubtful accounts, reserve for obsolete inventory, valuation of stock issued for services and stock options, valuation of intangible assets including goodwill, foreign currency exchange rates, valuation of defined benefit plan obligations and the valuation of deferred tax assets.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt"> </p>
CY2022Q2 us-gaap Capitalized Software Development Costs For Software Sold To Customers
CapitalizedSoftwareDevelopmentCostsForSoftwareSoldToCustomers
1316277 usd
CY2021Q4 us-gaap Capitalized Software Development Costs For Software Sold To Customers
CapitalizedSoftwareDevelopmentCostsForSoftwareSoldToCustomers
995880 usd
CY2022Q2 uavs Capitalized Software Development Costs For Internaluse Software
CapitalizedSoftwareDevelopmentCostsForInternaluseSoftware
659906 usd
CY2021Q4 uavs Capitalized Software Development Costs For Internaluse Software
CapitalizedSoftwareDevelopmentCostsForInternaluseSoftware
278264 usd
CY2022Q2 uavs Shipping Costs
ShippingCosts
85516 usd
CY2021Q2 uavs Shipping Costs
ShippingCosts
9003 usd
uavs Shipping Costs
ShippingCosts
144975 usd
uavs Shipping Costs
ShippingCosts
28900 usd
CY2022Q2 us-gaap Advertising Expense
AdvertisingExpense
103756 usd
CY2021Q2 us-gaap Advertising Expense
AdvertisingExpense
39321 usd
us-gaap Advertising Expense
AdvertisingExpense
164382 usd
us-gaap Advertising Expense
AdvertisingExpense
90685 usd
CY2022Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2021Q4 uavs Drone Equipment
DroneEquipment
95393 usd
CY2022Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1347613 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1232246 usd
CY2022Q2 us-gaap Accounts Receivable Gross
AccountsReceivableGross
3787376 usd
CY2021Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
2918435 usd
CY2022Q2 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
23985 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
29556 usd
CY2022Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
3763391 usd
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
2888879 usd
CY2022Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
2500642 usd
CY2021Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
2862293 usd
CY2022Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
466994 usd
CY2021Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
647829 usd
CY2022Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
2995773 usd
CY2021Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
833785 usd
CY2022Q2 us-gaap Inventory Gross
InventoryGross
5963409 usd
CY2021Q4 us-gaap Inventory Gross
InventoryGross
4343907 usd
CY2022Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
315009 usd
CY2021Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
305399 usd
CY2022Q2 us-gaap Inventory Net
InventoryNet
5648400 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
4038508 usd
CY2022Q2 uavs Leasehold Improvements
LeaseholdImprovements
106837 usd
CY2021Q4 uavs Leasehold Improvements
LeaseholdImprovements
81993 usd
CY2022Q2 uavs Production Tools And Equipment
ProductionToolsAndEquipment
303536 usd
CY2021Q4 uavs Production Tools And Equipment
ProductionToolsAndEquipment
417779 usd
CY2022Q2 uavs Computer And Office Equipment
ComputerAndOfficeEquipment
575214 usd
CY2021Q4 uavs Computer And Office Equipment
ComputerAndOfficeEquipment
559110 usd
CY2022Q2 uavs Furniture
Furniture
79590 usd
CY2021Q4 uavs Furniture
Furniture
77971 usd
CY2022Q2 uavs Drone Equipment
DroneEquipment
282436 usd
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
504907 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
280118 usd
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
842706 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
952128 usd
CY2022Q2 us-gaap Depreciation
Depreciation
114404 usd
CY2021Q2 us-gaap Depreciation
Depreciation
34321 usd
us-gaap Depreciation
Depreciation
225139 usd
us-gaap Depreciation
Depreciation
54055 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
13565494 usd
CY2022Q2 uavs Additions
Additions
930442 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-1616538 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
12879398 usd
us-gaap Finite Lived Intangible Assets Remaining Amortization Period1
FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1
P5Y21D
CY2022Q2 us-gaap Adjustment For Amortization
AdjustmentForAmortization
851284 usd
CY2021Q2 us-gaap Adjustment For Amortization
AdjustmentForAmortization
1616538 usd
us-gaap Adjustment For Amortization
AdjustmentForAmortization
288065 usd
us-gaap Adjustment For Amortization
AdjustmentForAmortization
400821 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
1771296 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
3358792 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
2524586 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
1326225 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
1158057 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
2740442 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
12879398 usd
CY2022Q2 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
822065 usd
CY2021Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
1039979 usd
CY2022Q2 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
476404 usd
CY2021Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
267949 usd
CY2022Q2 uavs Provision For Warranty Expense
ProvisionForWarrantyExpense
274435 usd
CY2021Q4 uavs Provision For Warranty Expense
ProvisionForWarrantyExpense
286115 usd
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
307598 usd
CY2022Q2 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
1572904 usd
CY2021Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
1901641 usd
CY2021Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
185000 usd
CY2022Q2 us-gaap Receivables Net Current
ReceivablesNetCurrent
185000 usd
CY2022Q2 us-gaap Acquisition Costs
AcquisitionCosts
0 usd
us-gaap Acquisition Costs
AcquisitionCosts
0 usd
CY2021Q2 us-gaap Acquisition Costs
AcquisitionCosts
185703 usd
us-gaap Acquisition Costs
AcquisitionCosts
333467 usd
CY2022Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Contingent Liability
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedContingentLiability
13000000 usd
CY2021Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Contingent Liability
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedContingentLiability
18936501 usd
CY2022Q2 uavs Less Current Portion Business Acquisition Agreementrelated Liabilities
LessCurrentPortionBusinessAcquisitionAgreementrelatedLiabilities
-9000000 usd
CY2021Q4 uavs Less Current Portion Business Acquisition Agreementrelated Liabilities
LessCurrentPortionBusinessAcquisitionAgreementrelatedLiabilities
-10061501 usd
CY2022Q2 uavs Longterm Portion Of Business Acquisition Agreementrelated Liabilities
LongtermPortionOfBusinessAcquisitionAgreementrelatedLiabilities
4000000 usd
CY2021Q4 uavs Longterm Portion Of Business Acquisition Agreementrelated Liabilities
LongtermPortionOfBusinessAcquisitionAgreementrelatedLiabilities
8875000 usd
CY2022Q2 uavs Business Acquisition Related Liabilities Year One
BusinessAcquisitionRelatedLiabilitiesYearOne
9000000 usd
CY2022Q2 uavs Business Acquisition Related Liabilities Year Two
BusinessAcquisitionRelatedLiabilitiesYearTwo
4000000 usd
CY2022Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Accounts Payable
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable
13000000 usd
CY2020Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
100000 shares
CY2020Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
1.34
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
631402 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
5.31
CY2021Q2 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
4955402 usd
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
9493427 usd
CY2021Q2 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
6019501 usd
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
11422678 usd
uavs Covid Loan Disclosuretext Block
CovidLoanDisclosuretextBlock
<p id="xdx_805_ecustom--CovidLoanDisclosuretextBlock_zjmnXJNO8G3f" style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Note 6 – <span id="xdx_823_zJgKfZ9cw4sg">COVID Loans</span></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt"><span style="background-color: white">On March 27, 2020, the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”) was enacted, which included amongst its many provisions, the creation of the Paycheck Protection Program (“PPP”). </span>As part of the PPP, qualifying businesses were eligible to receive Small Business Administration (“SBA”) loans for use by such businesses for funding payroll, rent and utilities during a designed twenty-four week period through October 21, 2020 (“PPP Loan”). PPP Loans are unsecured, nonrecourse, accrue interest at a rate of one percent per annum, and mature on May 6, 2022. A portion or all of a PPP Loan is forgivable to the extent that an eligible business meets its obligations under the PPP. Additionally, any amounts owed, including unforgiven amounts under the PPP, are payable over two years, though may be extended up to five years upon approval by the SBA.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">On May 6, 2020, AgEagle received a PPP Loan in the amount of $107,439. During the quarter ended June 30, 2021, the outstanding principal and accrued interest under the PPP Loan were forgiven by the SBA.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">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”). For the three and six months ended June 30, 2022, no payments of principal and interest were required. As of June 30, 2022 and December 31, 2021, the Company’s outstanding obligations under the senseFly COVID Loans were $<span id="xdx_904_eus-gaap--LongTermDebt_c20220630_pp0p0" title="Long-term Debt">1,208,479</span> and $<span id="xdx_903_eus-gaap--LongTermDebt_c20211231_pp0p0" title="Long-term Debt">1,259,910</span>, respectively.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">As of June 30, 2022, scheduled principal payments due under the senseFly COVID Loans are as follows:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"/> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"> </p> <table cellpadding="0" cellspacing="0" id="xdx_89A_eus-gaap--ScheduleOfDebtInstrumentsTextBlock_zeINmJGkCeMk" style="font: 10pt Calibri, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - COVID Loans (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span id="xdx_8B1_zcyuipk9SN6e" style="display: none">Schedule of debt disclosure</span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td> <td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td> <td id="xdx_49D_20220630_zZuqCd4BeBJb" style="font-family: Times New Roman, Times, Serif; text-align: right"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td colspan="2" style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Year ending December 31,</b></span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></td> <td colspan="3" style="text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></td></tr> <tr id="xdx_403_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 44%; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">2022 (rest of year)</span></td> <td style="width: 1%; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 10%; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 43%; font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">388,316</span></td> <td style="width: 1%; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_406_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo_iI_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">2023</span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">431,501</span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40F_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearThree_iI_pp0p0_zPwHrRPIg2e6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">2024</span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">86,370</span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_408_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearThree_iI_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">2025</span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">86,370</span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_403_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFive_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">2026</span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">86,370</span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40E_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingAfterYearFive_iI_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Thereafter</span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">129,552</span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_404_eus-gaap--LongTermDebt_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Total</span></td> <td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="border-bottom: Black 2.5pt double; font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">1,208,479</span></td> <td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> </table> <p id="xdx_8A9_zmbkhncrznWi" style="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 36pt"> </p>
CY2022Q2 us-gaap Long Term Debt
LongTermDebt
1208479 usd
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
1259910 usd
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Rolling Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths
388316 usd
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo
431501 usd
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearThree
86370 usd
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearThree
86370 usd
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFive
86370 usd
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingAfterYearFive
129552 usd
CY2022Q2 us-gaap Long Term Debt
LongTermDebt
1208479 usd
us-gaap Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
4251151 shares
us-gaap Sale Of Stock Consideration Received Per Transaction
SaleOfStockConsiderationReceivedPerTransaction
4583341 usd
CY2022Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
141754 usd
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
1147250 shares
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
3.78
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
440841 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.20
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares
106000 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
2.86
uavs Vested And Released
VestedAndReleased
354107 shares
uavs Weighted Average Grant Date Fair Value Vested And Released
WeightedAverageGrantDateFairValueVestedAndReleased
3.02
CY2022Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
1127984 shares
CY2022Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
3.10
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
452617 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
4.01
uavs Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsNumberOfShares
675367 shares
uavs Sharebased Compensation Arrangement By Sharebased Payment Award Option Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionNonvestedWeightedAverageGrantDateFairValue
2.48
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares
91667 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
5.40
uavs Vested And Released
VestedAndReleased
100000 shares
uavs Weighted Average Grant Date Fair Value Vested And Released
WeightedAverageGrantDateFairValueVestedAndReleased
1.34
CY2021Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
539753 shares
CY2021Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
5.30
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
323067 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
5.23
uavs Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsNumberOfShares
216668 shares
uavs Sharebased Compensation Arrangement By Sharebased Payment Award Option Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionNonvestedWeightedAverageGrantDateFairValue
5.40
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 uavs Weighted Average Fair Value Balance
WeightedAverageFairValueBalance
1.57 shares
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 Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
1244029 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
260000 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0.91
uavs Weighted Average Fair Value Granted
WeightedAverageFairValueGranted
0.43 shares
uavs Sharebased Compensation Arrangement By Sharebased Payment Award Options Granted Weighted Average Remaining Contractual Term
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsGrantedWeightedAverageRemainingContractualTerm
P3Y7D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised
150000 shares
uavs Weighted Avg.Exercise Price Excercised
WeightedAvg.ExercisePriceExcercised
0.41
uavs Weighted Average Fair Value Exercised
WeightedAverageFairValueExercised
0.30 shares
uavs Aggregate Intrinsic Value Exercised
AggregateIntrinsicValueExercised
35415 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
199419 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
6.11
uavs Weighted Average Fair Value Expiredforfeited
WeightedAverageFairValueExpiredforfeited
3.28 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2452248 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
2.56
CY2022Q2 uavs Weighted Average Fair Value Balance
WeightedAverageFairValueBalance
1.39 shares
uavs Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm1
P3Y7M9D
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
240897 usd
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
1759030 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
2.36
CY2022Q2 uavs Weighted Average Fair Value Exercisable
WeightedAverageFairValueExercisable
1.30 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P3Y4M2D
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
240897 usd
CY2022Q2 us-gaap Share Price
SharePrice
0.65
CY2021Q4 us-gaap Share Price
SharePrice
5.27
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P3Y7D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P3Y3D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.6991 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.8416 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0273 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0032 pure
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Forfeitures
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsForfeitures
166249 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Forfeitures
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsForfeitures
199419 shares
CY2022Q2 uavs Cancellations Of Options Value
CancellationsOfOptionsValue
513500 usd
uavs Cancellations Of Options Value
CancellationsOfOptionsValue
654300 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
1545643 usd
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
2178381 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
917265 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
282668 usd
CY2022Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
628449 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
961922 usd
CY2021Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
75270 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
133700 usd
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1433845 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2019745 usd
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
981632 usd
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1235977 usd
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
564011 usd
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
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