AgEagle Aerial Systems (UAVS) 10-Q14 Aug 232023 Q2 Quarterly reportFinancial data

Company Profile

Cover

Cover - shares	6 Months Ended
Cover - shares	Jun. 30, 2023	Aug. 14, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2023
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--12-31
Entity File Number	001-36492
Entity Registrant Name	AGEAGLE AERIAL SYSTEMS INC.
Entity Central Index Key	0000008504
Entity Tax Identification Number	88-0422242
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	8863 E. 34th Street North
Entity Address, City or Town	Wichita
Entity Address, State or Province	KS
Entity Address, Postal Zip Code	67226
City Area Code	(620)
Local Phone Number	325-6363
Title of 12(b) Security	Common Stock, par value $0.001 per share
Trading Symbol	UAVS
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		109,512,375

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2023	Dec. 31, 2022
CURRENT ASSETS:
Cash	$ 4,202,427	$ 4,349,837
Accounts receivable, net	2,103,120	2,213,040
Inventories, net	6,520,314	6,685,847
Prepaid and other current assets	901,143	1,029,548
Notes receivable	185,000	185,000
Total current assets	13,912,004	14,463,272
Property and equipment, net	650,990	791,155
Right of use assets	3,546,549	3,952,317
Intangible assets, net	10,069,558	11,507,653
Goodwill	23,179,411	23,179,411
Other assets	354,339	291,066
Total assets	51,712,851	54,184,874
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable	1,502,463	1,845,135
Accrued liabilities	1,582,153	1,680,706
Promissory note, net of debt discount	1,589,660	287,381
Contract liabilities	440,165	496,390
Current portion of lease liabilities	801,887	628,113
Current portion of COVID loans	458,422	446,456
Total current liabilities	6,374,750	5,384,181
Long term portion of lease liabilities	2,842,944	3,161,703
Long term portion of COVID loans	417,296	446,813
Defined benefit plan obligation		106,163
Long term portion of promissory note, net of debt discount	897,031	1,861,539
Total liabilities	10,532,021	10,960,399
COMMITMENTS AND CONTINGENCIES (SEE NOTE 11)
STOCKHOLDERS’ EQUITY:
Preferred Stock, $0.001 par value, 25,000,000 shares authorized: Preferred Stock, Series F Convertible, $0.001 par value, 35,000 shares authorized, 7,025 shares issued and outstanding as of June 30, 2023, and 5,863 shares issued and outstanding as of December 31, 2022, respectively	7	6
Common Stock, $0.001 par value, 250,000,000 shares authorized, 109,491,375 and 88,466,613 shares issued and outstanding as of June 30, 2023, and December 31, 2022, respectively	109,492	88,467
Additional paid-in capital	167,247,840	154,679,363
Accumulated deficit	(126,354,420)	(111,553,444)
Accumulated other comprehensive income	177,911	10,083
Total stockholders’ equity	41,180,830	43,224,475
Total liabilities and stockholders’ equity	$ 51,712,851	$ 54,184,874

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2023	Dec. 31, 2022
Preferred Stock, par value	$ 0.001	$ 0.001
Preferred Stock, shares authorized	25,000,000	25,000,000
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	250,000,000	250,000,000
Common stock, shares issued	109,491,375	88,466,613
Common stock, shares outstanding	109,491,375	88,466,613
Series F Preferred Stock [Member]
Preferred Stock, par value	$ 0.001	$ 0.001
Preferred Stock, shares authorized	35,000	35,000
Preferred Stock, shares issued	7,025	5,863
Preferred Stock, shares outstanding	7,025	5,863

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Statement [Abstract]
Revenues	$ 3,278,212	$ 5,287,873	$ 7,335,281	$ 9,129,851
Cost of sales	2,246,678	2,737,777	4,325,115	5,214,863
Gross Profit	1,031,534	2,550,096	3,010,166	3,914,988
Operating Expenses:
General and administrative	3,498,761	4,437,185	7,078,283	9,918,564
Research and development	1,369,479	2,182,313	2,951,822	4,367,237
Sales and marketing	955,845	1,319,177	1,933,720	2,499,706
Lease impairment charge	79,287		79,287
Total Operating Expenses	5,903,372	7,938,675	12,043,112	16,785,507
Loss from Operations	(4,871,838)	(5,388,579)	(9,032,946)	(12,870,519)
Other Income (Expense):
Interest expense, net	(289,604)	(6,719)	(595,101)	(23,051)
Other expense, net	(129,141)	(206,438)	(262,035)	(304,738)
Total Other Expense, net	(418,745)	(213,157)	(857,136)	(327,789)
Loss Before Income Taxes	(5,290,583)	(5,601,736)	(9,890,082)	(13,198,308)
Provision for income taxes
Net Loss attributable to common stockholders	$ (5,290,583)	$ (5,601,736)	$ (9,890,082)	$ (13,198,308)
Net Loss Per Common Share – Basic	$ (0.05)	$ (0.07)	$ (0.11)	$ (0.17)
Net Loss Per Common Share - Diluted	$ (0.05)	$ (0.07)	$ (0.11)	$ (0.17)
Weighted Average Number of Shares Outstanding During the Period – Basic	96,217,930	81,659,858	92,922,549	79,732,890
Weighted Average Number of Shares Outstanding During the Period - Diluted	96,217,930	81,659,858	92,922,549	79,732,890
Comprehensive Loss:
Net Loss attributable to common stockholders	$ (5,290,583)	$ (5,601,736)	$ (9,890,082)	$ (13,198,308)
Amortization of unrecognized periodic pension costs	699	2,641	44,044	2,641
Foreign currency cumulative translation adjustment	72,525	132,136	123,784	152,308
Total comprehensive loss, net of tax	(5,217,359)	(5,466,959)	(9,722,254)	(13,043,359)
Accrued dividends on Series F Preferred Stock	(54,234)		(121,156)
Deemed dividend on Series F Preferred Stock and warrant	(4,654,918)		(4,910,894)
Total comprehensive loss available to common stockholder	$ (9,926,511)	$ (5,466,959)	$ (14,754,304)	$ (13,043,359)

Condensed Consolidated Statem_2

Condensed Consolidated Statements Of Changes In Stockholders' Equity (Unaudited) - USD ($)	Preferred Stock [Member] Series F Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Total
Beginning balance, value at Dec. 31, 2021		$ 75,315	$ 127,626,536	$ (70,594)	$ (51,054,344)	$ 76,576,913
Balance, shares at Dec. 31, 2021		75,314,988
Sale of Common Stock, net of issuance costs		$ 4,251	4,579,090			4,583,341
Sales of common stock, net of issuance costs, shares		4,251,151
Conversion of Preferred Stock, Series F Convertible shares to Common Stock		$ 500	(500)
Conversion of Preferred Stock, Series F Convertible shares to Common Stock, shares	(310)	500,000
Stock-based compensation expense			2,501,904			2,501,904
Amortization of unrecognized periodic pension costs				2,641		2,641
Foreign currency translation adjustment				152,308		152,308
Net loss					(13,198,308)	(13,198,308)
Issuance of Preferred Stock, Series F Convertible, net of issuance costs	$ 10		9,919,990			9,920,000
Issuance of Preferred Stock, Series F Convertible, net of issuance cost, shares	10,000
Exercise of stock options		$ 150	61,350			$ 61,500
Exercise of stock options, shares		150,000				150,000
Issuance of Restricted Common Stock		$ 302	(302)
Issuance of Restricted Common Stock, shares		302,024
Issuance of Common Stock for acquisition of senseFly		$ 1,927	2,998,073			3,000,000
Issuance of Common Stock for SenseFly Acquisition, shares		1,927,407
Balance at Jun. 30, 2022	$ 10	$ 82,445	147,686,141	84,355	(64,252,652)	83,600,299
Balance, shares at Jun. 30, 2022	9,690	82,445,570
Beginning balance, value at Mar. 31, 2022		$ 81,568	136,988,255	(50,422)	(58,650,916)	78,368,485
Balance, shares at Mar. 31, 2022		81,568,546
Conversion of Preferred Stock, Series F Convertible shares to Common Stock		$ 500	(500)
Conversion of Preferred Stock, Series F Convertible shares to Common Stock, shares	(310)	500,000
Stock-based compensation expense			748,023			748,023
Amortization of unrecognized periodic pension costs				2,641		2,641
Foreign currency translation adjustment				132,136		132,136
Net loss					(5,601,736)	(5,601,736)
Issuance of Preferred Stock, Series F Convertible, net of issuance costs	$ 10		9,919,990			9,920,000
Issuance of Preferred Stock, Series F Convertible, net of issuance cost, shares	10,000
Exercise of stock options		$ 75	30,675			30,750
Exercise of stock options, shares		75,000
Issuance of Restricted Common Stock		$ 302	(302)
Issuance of Restricted Common Stock, shares		302,024
Balance at Jun. 30, 2022	$ 10	$ 82,445	147,686,141	84,355	(64,252,652)	83,600,299
Balance, shares at Jun. 30, 2022	9,690	82,445,570
Beginning balance, value at Dec. 31, 2022	$ 6	$ 88,467	154,679,363	10,083	(111,553,444)	43,224,475
Balance, shares at Dec. 31, 2022	5,863	88,466,613
Sale of Common Stock, net of issuance costs		$ 16,720	3,800,680			3,817,400
Sales of common stock, net of issuance costs, shares		16,720,000
Conversion of Preferred Stock, Series F Convertible shares to Common Stock	$ (2)	$ 4,305	(4,303)
Conversion of Preferred Stock, Series F Convertible shares to Common Stock, shares	(1,838)	4,304,762
Dividends on Series F Preferred Stock			(121,156)			(121,156)
Stock-based compensation expense			982,365			982,365
Amortization of unrecognized periodic pension costs				44,044		44,044
Foreign currency translation adjustment				123,784		123,784
Net loss					(9,890,082)	(9,890,082)
Issuance of Preferred Stock, Series F Convertible, net of issuance costs	$ 3		2,999,997			3,000,000
Issuance of Preferred Stock, Series F Convertible, net of issuance cost, shares	3,000
Deemed dividend on Series F Preferred Stock and warrant			4,910,894		(4,910,894)
Exercise of stock options, shares
Balance at Jun. 30, 2023	$ 7	$ 109,492	167,247,840	177,911	(126,354,420)	$ 41,180,830
Balance, shares at Jun. 30, 2023	7,025	109,491,375
Beginning balance, value at Mar. 31, 2023	$ 8	$ 90,772	158,378,640	104,687	(116,408,919)	42,165,188
Balance, shares at Mar. 31, 2023	7,865	90,771,375
Sale of Common Stock, net of issuance costs		$ 16,720	3,800,680			3,817,400
Sales of common stock, net of issuance costs, shares		16,720,000
Conversion of Preferred Stock, Series F Convertible shares to Common Stock	$ (1)	$ 2,000	(1,999)
Conversion of Preferred Stock, Series F Convertible shares to Common Stock, shares	(840)	2,000,000
Dividends on Series F Preferred Stock			(54,234)			(54,234)
Deemed dividend on Series F Preferred Stock and warrant			4,654,918		(4,654,918)
Stock-based compensation expense			469,835			469,835
Amortization of unrecognized periodic pension costs				699		699
Foreign currency translation adjustment				72,525		72,525
Net loss					(5,290,583)	(5,290,583)
Balance at Jun. 30, 2023	$ 7	$ 109,492	$ 167,247,840	$ 177,911	$ (126,354,420)	$ 41,180,830
Balance, shares at Jun. 30, 2023	7,025	109,491,375

Condensed Consolidated Statem_3

Condensed Consolidated Statements Of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (9,890,082)	$ (13,198,308)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock-based compensation	982,365	2,501,904
Depreciation and amortization	2,014,256	1,844,196
Defined benefit plan obligation and other	(197,649)	(5,644)
Amortization of debt discount	337,770
Lease impairment charge	79,287
Changes in assets and liabilities:
Accounts receivable, net	132,005	(944,064)
Inventories, net	259,406	(1,702,158)
Prepaid expenses and other assets	174,320	(846,691)
Accounts payable	(365,772)	(348,416)
Accrued expenses and other liabilities	(54,136)	(290,443)
Contract liabilities	(60,191)	1,168,007
Other	(194,899)	193,528
Net cash used in operating activities	(6,783,320)	(11,628,089)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment	(48,107)	(137,149)
Acquisition of senseFly, net of cash acquired		(489,989)
Acquisition of MicaSense, net of cash acquired		(2,446,512)
Capitalization of platform development costs	(232,441)	(319,799)
Capitalization of internal use software costs	(143,796)	(610,643)
Net cash used in investing activities	(424,344)	(4,004,092)
CASH FLOWS FROM FINANCING ACTIVITIES:
Sales of Common Stock, net of issuance costs	3,817,400	4,583,341
Sale of Preferred Stock, Series F Convertible	3,000,000	9,920,000
COVID loans	(40,927)
Proceeds from Stock Options Exercised		61,500
Net cash provided by financing activities	6,776,473	14,564,841
Effects of foreign exchange rates on cash flows	283,781	(17,633)
Net decrease in cash	(147,410)	(1,084,973)
Cash at beginning of period	4,349,837	14,590,566
Cash at end of period	4,202,427	13,505,593
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Interest cash paid
Income taxes paid
NON-CASH INVESTING AND FINANCING ACTIVITIES:
Conversion of Preferred Stock, Series F Convertible to Common Stock	4,305	500
Issuance of Restricted Common Stock		302
Dividends on Series F Preferred Stock	121,155
Deemed dividend on Series F Preferred stock and warrant	4,910,894
Stock consideration for senseFly Acquisition		$ 3,000,000

Description of the Business and

Description of the Business and Basis of Presentation	6 Months Ended
Description of the Business and Basis of Presentation	Jun. 30, 2023
Accounting Policies [Abstract]
Description of the Business and Basis of Presentation	Note 1 – Description of the Business and Basis of Presentation Description of Business – Founded in 2010, AgEagle was originally formed to pioneer proprietary, professional-grade, fixed-winged drones and aerial imagery-based data collection and analytics solutions for the agriculture industry. Today, the Company is earning distinction as a globally respected market leader offering customer-centric, advanced, autonomous unmanned aerial systems (“UAS”) which drive revenue at the intersection of flight hardware, sensors and software for industries that include agriculture, military/defense, public safety, surveying/mapping and utilities/engineering, among others. AgEagle has also achieved numerous regulatory firsts, including earning governmental approvals for its commercial and tactical drones to fly Beyond Visual Line of Sight (“BVLOS”) and/or Operations Over People (“OOP”) in the United States, Canada, Brazil and the European Union .D AgEagle’s shift and expansion from solely manufacturing fixed-wing farm drones in 2018, to offering what the Company believes is one of the industry’s best fixed-wing, full-stack drone solutions, culminated in 2021 when the Company acquired three market-leading companies engaged in producing UAS airframes, sensors and software for commercial and government use. In addition to a robust portfolio of proprietary, connected hardware and software products; an established global network of over 200 UAS resellers; and enterprise customers worldwide; these acquisitions also brought AgEagle a workforce comprised largely of experienced engineers and technologists with deep expertise in the fields of robotics, automation, manufacturing and data science. In 2022, the Company succeeded in integrating all three acquired companies with AgEagle to form one global company focused on taking autonomous flight performance to a higher level. The business acquisitions completed during the year ended December 31, 2021, by the Company of 100% of the outstanding stock of MicaSense, Measure and senseFly, respectively, are collectively referred to as the “2021 Business Acquisitions.” The Company is currently headquartered in Wichita, Kansas, where it houses its sensor manufacturing operations and Lausanne, Switzerland where we it operates its drone manufacturing operations. Basis of Presentation AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIES Note 1 – Description of the Business and Basis of Presentation - Continued The condensed consolidated financial statements include the accounts of AgEagle and its wholly-owned subsidiaries, AgEagle Aerial, Inc., Measure Global, Inc., senseFly S.A. and senseFly Inc. All significant intercompany balances and transactions have been eliminated in consolidation. A description of certain of the Company’s accounting policies and other financial information is included in the Company’s audited consolidated financial statements filed with the SEC on Form 10-K for the year ended December 31, 2022. The summary of significant accounting policies presented below is designed to assist in understanding the Company’s condensed consolidated financial statements. Such condensed consolidated financial statements and accompanying notes are the representations of the Company’s management, who are responsible for their integrity and objectivity. Liquidity and Going Concern 9,890,082 and used cash in operating activities of $ 6,783,320 . As of June 30, 2023, the Company has working capital of $ 7,537,254 and an accumulated deficit of $ 126,354,420 . While the Company has historically been successful in raising capital to meet its working capital needs, the ability to continue raising such capital is not guaranteed. There is substantial doubt about the Company’s ability to continue as a going concern as the Company will require additional liquidity to continue its operations and meet its financial obligations for twelve (12) months from the date these condensed consolidated financial statements were issued. The Company is evaluating strategies to obtain the required additional funding for future operations and the restructuring of operations to grow revenues and reduce expenses. If the Company is unable to generate significant sales growth in the near term and raise additional capital, there is a risk that the Company could default on additional obligations; and could be required to discontinue or significantly reduce the scope of its operations if no other means of financing operations are available. The condensed consolidated financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amount and classification of liabilities or any other adjustment that might be necessary should the Company be unable to continue as a going concern.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
Summary of Significant Accounting Policies	Jun. 30, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2 – Summary of Significant Accounting Policies The summary of significant accounting policies presented below is designed to assist in understanding the Company’s condensed consolidated financial statements. Such condensed consolidated financial statements and accompanying notes are the representations of the Company’s management, who are responsible for their integrity and objectivity. These accounting policies conform to accounting principles generally accepted in the United States of America (“US GAAP”) in all material respects and have been consistently applied in preparing the accompanying condensed consolidated financial statements. Risks and Uncertainties AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIES Note 2 – Summary of Significant Accounting Policies-Continued Use of Estimates Fair Value Measurements and Disclosures Fair Value Measurement The guidance requires that assets and liabilities carried at fair value be classified and disclosed in one of the following categories: ● Level 1: Quoted market prices in active markets for identical assets or liabilities. ● Level 2: Observable market-based inputs or unobservable inputs that are corroborated by market data. ● Level 3: Unobservable inputs that are not corroborated by market data. For short-term classes of our financial instruments, which include cash, accounts receivable, prepaid expenses, notes receivable, accounts payable and accrued expenses, their carrying amounts approximate fair value due to their short-term nature. The outstanding loans related to the COVID Loans and promissory note are carried at face value, which approximates fair value. As June 30, 2023, and December 31, 2022, the Company did not have any financial assets or liabilities measured and recorded at fair value on the Company’s condensed consolidated balance sheets on a recurring basis. Inventories – Inventories, which consist of raw materials, finished goods and work-in-process, are stated at the lower of cost or net realizable value, with cost being determined by the average-cost method, which approximates the first-in, first-out method. Cost components include direct materials and direct labor. At each balance sheet date, the Company evaluates its inventories for excess quantities and obsolescence. This evaluation primarily includes an analysis of forecasted demand in relation to the inventory on hand, among consideration of other factors. The physical condition (e.g., age and quality) of the inventories is also considered in establishing its valuation. Based upon the evaluation, provisions are made to reduce excess or obsolete inventories to their estimated net realizable values. Once established, write-downs are considered permanent adjustments to the cost basis of the respective inventories. These adjustments are estimates, which could vary significantly, either favorably or unfavorably, from the amounts that the Company may ultimately realize upon the disposition of inventories if future economic conditions, customer inventory levels, product discontinuances, sales return levels or competitive conditions differ from the Company’s estimates and expectations. Cash Concentrations 250,000 250,000 Revenue Recognition and Concentration Revenue from Contracts with Customers AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIES Note 2 – Summary of Significant Accounting Policies-Continued The Company generally recognizes revenue on sales to customers, dealers, and distributors upon satisfaction of performance obligations which generally occurs once controls transfer to customers, which is when product is shipped or delivered depending on specific shipping terms and, where applicable, a customer acceptance has been obtained. The fee is not considered to be fixed or determinable until all material contingencies related to the sales have been resolved. The Company records revenue in the statements of operations and comprehensive loss net of any sales, use, value added, or certain excise taxes imposed by governmental authorities on specific sales transactions and net of any discounts, allowances and returns. The Company’s software subscriptions to its platforms, HempOverview Ground Control Additionally, customer payments received in advance of the Company completing performance obligations are recorded as contract liabilities. Customer deposits represent customer prepayments and are recognized as revenue when the term of the sale or performance obligation is completed. As of June 30, 2023 and December 31, 2022, respectively, contract liabilities represent $ 440,165 and $ 496,390 . Internal-use Software Costs Internal-Use Software AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIES Note 2 – Summary of Significant Accounting Policies - Continued As of June 30, 2023 and December 31, 2022, capitalized software costs for internal-use software related to the Company’s implementation of its enterprise resource planning (“ERP”) software, totaled $ 699,404 721,795 Further, capitalized software costs for internal-use software include costs incurred in connection with our HempOverview Ground Control which 1,220,659 1,332,516 Goodwill and Intangible Assets As of June 30, 2023 and December 31, 2022 our goodwill balance was $ 23,179,411 As of June 30, 2023 and December 31, 2022 our intangible assets balance was $ 10,069,558 11,507,653 As of June 30, 2023, the Company deemed that no impairment was indicated for the carrying value of the goodwill nor its intangible assets. At December 31, 2022 the Company recorded an impairment expense on its goodwill in connection with its annual impairment test. At June 30, 2023 there have been no events or changes in circumstances which indicate an interim impairment test is required. The Company will perform its annual analysis during the fourth quarter of 2023. Foreign Currency Shipping Costs – 57,545 85,516 122,481 144,975 Advertising Costs 27,729 103,756 68,418 164,382 Vendor Concentrations Loss Per Common Share and Potentially Dilutive Securities – 0.001 455,972 2,778,982 53,351,747 675,367 2,452,248 5,000,000 Segment Reporting Segment Reporting AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIES Note 2 – Summary of Significant Accounting Policies-Continued The Company has determined that it operates in four segments: ● Drones, which comprises revenues earned from contractual arrangements to develop, manufacture and /or modify complex drone related products, and to provide associated engineering, technical and other services according to customer specifications. ● Sensors, which comprises the revenue earned through the sale of sensors, cameras, and related accessories. ● SaaS, which comprises revenue earned through the offering of online-based subscriptions. ● Corporate, which comprises corporate costs only. New Accounting Pronouncements Other recent accounting pronouncements issued by FASB did not or are not believed by management to have a material impact on the Company’s present or future condensed consolidated financial statements.

Balance Sheet Disclosure

Balance Sheet Disclosure	6 Months Ended
Balance Sheet Disclosure	Jun. 30, 2023
Balance Sheet Disclosure
Balance Sheet Disclosure	Note 3 – Balance Sheets Balance Sheet Disclosure Accounts Receivable, net As of June 30, 2023 and December 31, 2022, accounts receivable, net consist of the following: Schedule of Accounts Receivable, Net June 30, 2023 December 31, 2022 Accounts receivable $ 2,120,217 $ 2,229,840 Less: Provision for doubtful accounts (17,097 ) (16,800 ) Accounts receivable, net $ 2,103,120 $ 2,213,040 Inventories, Net As of June 30, 2023 and December 31, 2022, inventories, net consist of the following: Schedule of Inventories June 30, 2023 December 31, 2022 Raw materials $ 4,451,551 $ 5,288,206 Work-in process 849,645 1,106,056 Finished goods 1,546,566 614,400 Gross inventories 6,847,762 7,008,662 Less: Provision for obsolescence reserve (327,448 ) (322,815 ) Inventories, net $ 6,520,314 $ 6,685,847 AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIES Note 3 – Balance Sheets – Continued Prepaids and Other Current Assets As of June 30, 2023 and December 31, 2022, prepaid and other current assets, net consist of the following: Schedule of Prepaid and Other Current Assets June 30, 2023 December 31, 2022 Prepaid inventories $ 208,538 281,484 Prepaid software licenses and annual fees 326,851 184,429 Prepaid rent 131,537 234,691 Prepaid insurance 85,107 167,794 Prepaid VAT charges 57,373 99,558 Prepaid other and other current assets 91,737 61,592 Prepaid and other current assets $ 901,143 $ 1,029,548 Property and Equipment, Net As of June 30, 2023 and December 31, 2022, property and equipment, net consist of the following: Schedule of Property and Equipment, Net Useful Life June 30, December 31, Estimated Useful Life June 30, December 31, Type (Years) 2023 2022 Leasehold improvements 3 $ 106,837 $ 106,837 Production tools and equipment 5 691,268 632,514 Computer and office equipment 3 5 521,505 507,637 Furniture 5 73,647 77,799 Drone equipment 3 170,109 170,109 Property and equipment 1,563,366 1,494,896 Less: Accumulated depreciation (912,376 ) (703,741 ) Property and equipment, net $ 650,990 $ 791,155 Property and Equipment Depreciation Expense Schedule of Property and Equipment Depreciation Expense Type 2023 2022 2023 2022 Classification within the Condensed Consolidated Statements of Operations and Comprehensive Loss. For the Three Months Ended For the Six Months Ended Type 2023 2022 2023 2022 Cost of sales $ — $ 70,463 $ — $ 135,306 General and administrative 99,227 43,941 199,924 89,833 Depreciation expense $ 99,227 $ 114,404 $ 199,924 $ 225,139 AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIES Note 3 – Balance Sheets - Continued Intangible Assets, net As of June 30, 2023 and December 31, 2022, intangible assets, net, other than goodwill, consisted of the following: Schedule of Intangible Assets, net Name Estimated Life (Years) Balance as of December 31, 2022 Additions Amortization Balance as of Intellectual property/technology 5 7 $ 4,473,861 $ — $ (404,484 ) $ 4,069,377 Customer base 3 10 2,885,657 — (568,830 ) 2,316,827 Tradenames and trademarks 5 10 1,757,891 — (103,972 ) 1,653,919 Non-compete agreement 2 4 335,933 — (226,561 ) 109,372 Platform development costs 3 1,332,516 232,441 (344,298 ) 1,220,659 Internal use software costs 3 721,795 143,796 (166,187 ) 699,404 Intangibles assets, net $ 11,507,653 $ 376,237 $ (1,814,332 ) $ 10,069,558 As of June 30, 2023, the weighted average remaining amortization period in years is 4.32 For the three and six months ended June 30, 2023 and 2022, a 913,691 851,284 1,814,332 288,065 For the following years ending, the future amortization expenses consist of the following: Schedule of Intangible Assets Future Amortization Expenses Name (rest of year) 2023 2024 2025 2026 2027 Thereafter Total For the Years Ending December 31, Name (rest of year) 2023 2024 2025 2026 2027 Thereafter Total Intellectual property/technology $ 404,484 $ 808,968 $ 808,968 $ 808,968 $ 808,968 $ 429,021 $ 4,069,377 Customer base 568,833 889,364 141,145 141,145 141,145 435,195 2,316,827 Tradenames and trademarks 103,973 207,944 207,944 207,944 207,944 718,170 1,653,919 Non-compete agreement 109,372 — — — — — 109,372 Platform development costs 369,668 565,232 259,896 25,863 — — 1,220,659 Internal use software costs 167,580 346,707 171,220 13,897 — — 699,404 Intangible assets, net $ 1,723,910 $ 2,818,215 $ 1,589,173 $ 1,197,817 $ 1,158,057 $ 1,582,386 $ 10,069,558 AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIES Note 3 – Balance Sheets - Continued Accrued Liabilities As of June 30, 2023 and December 31, 2022, accrued expenses consist of the following: Schedule of Accrued Expenses June 30, 2023 December 31, 2022 Accrued purchases and customer deposits $ 315,197 $ 102,319 Accrued compensation and related liabilities 299,445 774,916 Provision for warranty expense 296,055 288,807 Accrued dividends 293,751 172,596 Accrued interest 160,222 — Accrued professional fees 158,485 262,737 Other 58,998 79,331 Total accrued expenses $ 1,582,153 $ 1,680,706

Notes Receivable

Notes Receivable	6 Months Ended
Notes Receivable	Jun. 30, 2023
Receivables [Abstract]
Notes Receivable	Note 4 – Notes Receivable Valqari On October 14, 2020, in connection with, and as an incentive to the entry into a two-year exclusive manufacturing agreement (the “Manufacturing Agreement”) to produce a patented Drone Delivery Station for Valqari, LLC (“Valqari), the Company entered into, as payee, a Convertible Promissory Note pursuant to which the Company made a loan to Valqari in the principal aggregate amount of $ 500,000 The Note matured on April 15, 2021 (the “Maturity Date”), at which time all outstanding principal and interest that had accrued, but remained, unpaid was due. The Note provides for an automatic six month extension of the Maturity Date under the following circumstances (i) Valqari has received in writing, (x) a good faith acquisition offer at a consideration value greater than $ 15,000,000 The Note is subject to customary representations and warranties by Valqari, as well as events of default, which may lead to acceleration of the payment of the Note such as (i) failure to pay all of the outstanding principal, plus accrued interest on the Maturity Date or Extended Maturity Date, (ii) Valqari filing a petition or action under any bankruptcy, or other law, or (iii) an involuntary petition is filed again Valqari under any bankruptcy statute (that is not dismissed or discharged within 60 days). The indebtedness evidenced by the Note is subordinated in right of payment to the prior payment in full of any senior indebtedness (as defined in the Note) in existence on the date of the Note or incurred thereafter. On the Maturity Date, AgEagle demanded payment of the Note, including accrued interest, however, Valqari alleged that the Maturity Date was automatically extended to October 14, 2021 (“Extended Maturity Date”), for an additional six months. Upon the Extended Maturity Date, AgEagle demanded payment of the Note, including accrued interest; however, Valqari sought a substantial discount on the amount due under the Note to compensate for alleged breaches by AgEagle under the Manufacturing Agreement. AgEagle disputes the allegations of breach and believes that it is owed a net amount by Valqari under the Manufacturing Agreement, in addition to the amount due under the Note. On November 24, 2021, Valqari made a payment of principal on the Note of $ 315,000 AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIES

COVID Loans

COVID Loans	6 Months Ended
COVID Loans	Jun. 30, 2023
Covid Loans
COVID Loans	Note 5 – COVID Loans 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 $ 1,440,046 40,927 no 875,718 As of June 30, 2023, scheduled principal payments due under the senseFly COVID Loans are as follows: Schedule of Maturity of SenseFly Covid Loans Year ending December 31, 2023 (rest of year) $ 416,931 2024 91,758 2025 91,758 2026 91,758 2027 183,512 Total $ 875,718

Promissory Note

Promissory Note	6 Months Ended
Promissory Note	Jun. 30, 2023
Debt Disclosure [Abstract]
Promissory Note	Note 6 – Promissory Note On December 6, 2022, the Company entered into a Securities Purchase Agreement (the “Promissory Note Purchase Agreement”) with an institutional investor (the “Investor”) which is an existing shareholder of the Company. Pursuant to the terms of the Promissory Note Purchase Agreement, the Company has agreed to issue to the Investor (i) an 8% original issue discount promissory note (the “Note”) in the aggregate principal amount of $ 3,500,000 5,000,000 0.44 4 8 3,285,000 140,000 75,000 The Company determined the estimated fair value of the common stock warrants issued with the Note to be $ 1,847,200 470-20 Debt 1,182,349 1,397,350 five 135.8 3.73 0 During the three and six months ended June 30, 2023, the Company recognized $ 168,885 337,770 1,013,309 AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIES Note 6 – Promissory Note - Continued Beginning June 1, 2023, and on the first business day of each month thereafter, the Company shall pay 1/20 th 3,300,000 70,778 160,222 160,222 As of June 30, 2023, scheduled principal payments due under the Note and amortization of the discount are as follows: Schedule of Principal Payments Due under Note and Amortization of Discount Principal Payments Discount Amortization Balance, Net of Discount Current portion of promissory note liability $ 1,927,430 $ (337,770 ) $ 1,589,660 Long term portion of promissory note liability 1,572,570 (675,539 ) 897,031 Total $ 3,500,000 $ (1,013,309 ) $ 2,486,691

Stockholders_ Equity

Stockholders’ Equity	6 Months Ended
Stockholders’ Equity	Jun. 30, 2023
Equity [Abstract]
Stockholders’ Equity	Note 7 – Stockholders’ Equity Common Stock and Warrant Transaction On June 5, 2023, the Company entered into a Securities Purchase Agreement (the “Purchase Agreement”) with certain accredited investors (the “Investors”). Pursuant to the terms of the Purchase Agreement, the Company has agreed to issue and sell to Investors (i) 16,720,000 0.25 25,080,000 0.38 4,180,000 5.5 16,720,000 3,817,400 25,080,000 0.38 Pursuant to the terms of the Purchase Agreement, the Company has agreed to certain restrictions on future stock offerings, including that during the 90 day period following the date of the execution of the Purchase Agreement, the Company will not (i) issue (or enter into any agreement to issue) any shares of common stock or common stock equivalents, subject to certain exceptions, or (ii) file any registration statement or any amendment or supplement thereto relating to the offering or resale of any shares of the Company or any securities convertible into or exercisable or exchangeable for shares of Company, subject to certain exceptions. From the date of the execution of the Purchase Agreement until the six (6) month anniversary of the date of closing, neither the Company nor any Subsidiary shall effect or enter into an agreement to effect any issuance by the Company or any of its Subsidiaries of shares of common stock or common stock equivalents (or a combination of units thereof) involving a variable rate transaction, subject to certain exceptions. AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIES Note 7 – Stockholders’ Equity – Continued For twelve (12) months following the closing date of the Offering, in the event the Company or any of its subsidiaries proposes to offer and sell shares of Common Stock or common stock equivalents (the “Offered Securities”) to investors primarily for capital raising purposes (each, a “Future Offering”), the Investors shall have the right, but not the obligation, to participate in each such Future Offering in an amount of up to 50 The Offering Shares were issued pursuant to a prospectus supplement to be filed with the Securities and Exchange Commission (the “Commission”) on June 7, 2023, and the prospectus included in the Company’s Registration Statement on Form S-3 (Registration No. 333-252801), which was filed with the Commission on April 23, 2021, and was declared effective on May 6, 2021. The Warrants were issued in a concurrent private placement under Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”) and have not been registered under the Securities Act, or applicable state securities laws. The Warrant will be issued on the date of closing. The exercise price of the Warrants and the number of Warrant Shares issuable upon the exercise thereof will be subject to adjustment in the event of any stock dividends and splits, reverse stock split, recapitalization, reorganization, or similar transaction, as described in the Warrants, but has no anti-dilution protection provisions. The Warrants will be exercisable on a “cashless” basis only in the event there is no effective registration statement registering, or the prospectus contained therein is not available for the sale of the Warrant Shares. The Warrants contain a beneficial ownership limitation, such that none of such Warrants may be exercised, if, at the time of such exercise, the holder would become the beneficial owner of more than 4.99 9.99 Pursuant to the terms of the Purchase Agreement, the Company filed a registration statement on Form S-1 Registration No. 333-273332) providing for the resale by the Investors of the Warrant Shares issuable upon exercise of the Warrants. In connection with the Offering, the Company also entered into a Lock-up Agreement with the Investors and each officer and director of the Company (collectively, the “Shareholders”), for the benefit of the Investors, with respect to the shares beneficially owned the Shareholders. The restrictions on the disposition of the shares is for a period of 30 days from the date of the closing of the Offering, except for the continuous use of any existing Rule 10b5-1 trading plan and other customary exceptions. Preferred Series F Convertible Stock On June 26, 2022 (the “Series F Closing Date”), the Company entered into a Securities Purchase Agreement (the “Series F Agreement”) with Alpha Capital Anstalt (“Alpha”). Pursuant to the terms of the Series F Agreement, the Board of Directors of the Company (the “Board”) designated a new series of Preferred Stock, the Series F 5% Preferred Convertible Stock (“Series F”), and authorized the sale and issuance of up to 35,000 10,000 10,000,000 9,920,000 10,000 16,129,032 0.62 1,000 5 AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2023 AND 2022 (UNAUDITED) Note 7 – Stockholders’ Equity – Continued In connection with the Series F Agreement, the Company issued a warrant to Alpha to purchase 16,129,032 0.001 0.96 10,000,000 Alpha has the right, subject to certain conditions, including shareholder approval, to purchase up to $ 25,000,000 Commencing from the Series F Closing Date and for a period of six months thereafter, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Common Stock equivalents for cash consideration, indebtedness or a combination of units thereof (a “Subsequent Financing”), Alpha will have the right to participate in up to an amount of the Subsequent Financing equal to 50% of the Subsequent Financing on the same terms, conditions and price provided for in the Subsequent Financing. Preferred Stock has no voting rights, except that the Company shall not undertake certain corporate actions as set forth in the Certificate of Designation that would materially impact the holders of Preferred Stock without their consent. On December 6, 2022, upon the issuance of the promissory note and common stock warrants with an exercise price of $ 0.44 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 0.96 565,161 1,680,216 2,245,377 The deemed dividend on the Series F Warrants represents the difference between fair value of the Series F Warrants under the original terms before the December Down Round Trigger and the fair value of the Series F Warrants after December Down Round Trigger at the reduced exercise price. The fair value of the Series F Warrants was determined using a Black-Scholes pricing model and the following assumptions: expected life of 3 150 3.77 0 On March 9, 2023, the Company received an Investor Notice from Alpha to purchase an additional 3,000 2,381 1,000 0.42 7,142,715 0.42 3,000,000 As a result of issuing the additional 3,000 0.42 0.44 38,226 217,750 255,976 AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2023 AND 2022 (UNAUDITED) Note 7 – Stockholders’ Equity – Continued The deemed dividend on the Series F Warrants represents the difference between fair value of the Series F Warrants under the original terms before the March Down Round Trigger and the fair value of the Series F Warrants after March Down Round Trigger at the reduced exercise price. The fair value of the Series F Warrants was determined using a Black-Scholes pricing model and the following assumptions: expected life of 3 131 4.46 0 Upon the issuance of the Offering Shares and Warrants on June 8, 2023, a down round or anti-dilution trigger event occurred resulting in the conversion price of the remaining Series F Preferred Stock and the exercise price of the Series F Warrants adjusting down from $0 .42 .25 787,823 3,867,095 4,654,918 The deemed dividend on the Series F Warrants represents the difference between fair value of the Series F Warrants under the original terms before the down round trigger and the fair value of the Series F Warrants after down round trigger at the reduced exercise price. The fair value of the Series F Warrants was determined using a Black-Scholes pricing model and the following assumptions: expected life of 2.5 106 4.28 0 All deemed dividends to the Series F stockholder were recorded as additional paid in capital and an increase to accumulated deficit and as an increase to total comprehensive loss attributable to Common Stockholders in computing earnings per share on the condensed consolidated statements of operations and comprehensive loss. During the three and six months ended June 30, 2023, Alpha converted 840 1,838 2,000,000 4,304,762 54,234 121,155 1,000 5 At-the-Market Sales Agreement In accordance with a May 25, 2021, at-the-market Sales Agreement with Stifel, Nicolaus & Company, Incorporated and Raymond James & Associates, Inc. as sales agents, the Company sold 4,251,151 1.04 1.18 4,583,341 141,754 Acquisition of senseFly In accordance with the terms of the senseFly S.A. Purchase Agreement, the Company issued 1,927,407 3,000,000 Exercise of Common Stock Options For the six months ended June 30, 2022, 150,000 0.41 61,500 AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2023 AND 2022 (UNAUDITED) Note 7 – Stockholders’ Equity – Continued Stock-based Compensation The Company determines the fair value of awards granted under the Equity Plan based on the fair value of its Common Stock on the date of grant. Stock-based compensation expenses related to grants under the Equity Plan are included in general and administrative expenses on the condensed consolidated statements of operations and comprehensive loss. For the three and six months ended June 30, 2023, the Company recorded $ 469,835 982,365 748,023 2,501,904 Pension Costs senseFly S.A. sponsors a defined benefit pension plan (the “Defined Benefit Plan”) covering all its employees. The Defined Benefit Plan provides benefits in the event of retirement, death or disability, with benefits based on age and salary. The Defined Benefit Plan is funded through contributions paid by senseFly S.A. and its employees, respectively. The Defined Benefit Plan assets are Groupe Mutuel Prévoyance (“GMP”), which invests these plan assets in cash and cash equivalents, equities, bonds, real estate and alternative investments. The Projected Benefit Obligation (“PBO”) includes in full the accrued liability for the plan death and disability benefits, irrespective of the extent to which these benefits may be reinsured with an insurer. The actuarial valuations are based on the census data as of December 31, 2022, provided by GMP. The Defined Benefit Plan has a PBO in excess of Defined Benefit Plan liabilities. For the three and six months ended June 30, 2023, the amounts recognized in accumulated other comprehensive loss related to the Defined Benefit Plan were $ 699 44,044 2,641 Restricted Stock Units For the six months ended June 30, 2023, a summary of RSU activity is as follows: Summary of RSU Activity Shares Weighted Average Grant Date Fair Value Outstanding as of December 31, 2022 1,028,960 $ 2.31 Granted 1,620,940 0.40 Canceled (99,754 ) 1.55 Vested and released (354,107 ) 3.02 Outstanding as of June 30, 2023 2,550,146 $ 1.12 Vested as of June 30, 2023 2,094,174 $ 1.04 Unvested as of June 30, 2023 455,972 $ 1.51 For the six months ended June 30, 2023, the aggregate fair value of RSU awards at the time of vesting was $ 644,969 For the three and six months ended June 30, 2023, the Company recognized $ 381,155 734,417 170,717 AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2023 AND 2022 (UNAUDITED) Note 7 – Stockholders’ Equity - Continued For the six months ended June 30, 2022, a summary of RSU activity is as follows: Shares Weighted Average Grant Date Fair Value Outstanding as of December 31, 2021 1,147,250 $ 3.78 Granted 440,841 1.20 Canceled (106,000 ) 2.86 Vested and released (354,107 ) 3.02 Outstanding as of June 30, 2022 1,127,984 $ 3.10 Vested as of June 30, 2022 452,617 $ 4.01 Unvested as of June 30, 2022 675,367 $ 2.48 For the six months ended June 2022, the aggregate fair value of RSU awards at the time of vesting was $ 527,699 For the three and six months ended June 30, 2022, the Company recognized $ 375,047 1,575,284 910,000 Issuance of RSUs to Current Officers of the Company On May 11, 2023, upon recommendation of the Compensation Committee of the Board (“Compensation Committee”), the Board granted to the officers of the Company in connection with the 2022 executive compensation plan 968,690 On March 29, 2023, upon recommendation of the Compensation Committee, the Board granted to the officers of the Company in connection with the 2022 executive compensation plan, granted to the officers of the Company 640,000 For the three and six months ended June 30, 2023, the Company recognized stock-based compensation expense of $ 371,105 639,905 0.38 0.42 Stock Options For the six months ended June 30, 2023, a summary of the options activity is as follows: Summary of Options Activity Shares Weighted Average Exercise Price Weighted Average Fair Value Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value Outstanding as of December 31, 2022 2,561,231 $ 2.18 $ 1.19 3.33 $ 31,124 Granted 275,000 0.35 0.16 3.02 — Exercised — — — — — Expired/Forfeited (57,249 ) 5.73 3.08 — — Outstanding as of June 30, 2023 2,778,982 $ 1.93 $ 1.05 3.01 $ 9,750 Exercisable as of June 30, 2023 2,232,641 $ 2.26 $ 1.23 2.65 $ 9,750 AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2023 AND 2022 (UNAUDITED) Note 7 – Stockholders’ Equity-Continued For the three and six months ended June 30, 2023, the Company recognized $ 88,681 247,948 153,161 For the six months ended June 30, 2022, a summary of the options activity is as follows: Shares Weighted Average Exercise Price Weighted Average Fair Value Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value Outstanding as of December 31, 2021 2,541,667 $ 2.88 $ 1.57 4.27 $ 1,244,029 Granted 260,000 0.91 0.43 3.02 — Exercised (150,000 ) 0.41 0.30 — 35,415 Expired/Forfeited (199,419 ) 6.11 3.28 — — Outstanding as of June 30, 2022 2,452,248 $ 2.56 $ 1.39 3.61 $ 240,897 Exercisable as of June 30, 2022 1,759,030 $ 2.36 $ 1.30 3.34 $ 240,897 For the three and six months ended June 30, 2022, the Company recognized $ 376,902 926,620 1,105,155 Intrinsic value is measured using the fair market value at the date of exercise (for shares exercised) or as of June 30, 2023 (for outstanding options), less the applicable exercise price. For the three and six months ended June 30, 2023 and 2022, the significant assumptions relating to the valuation of the Company’s stock options granted were as follows: Schedule of Significant Weighted Average Assumptions 2023 2022 June 30, 2023 2022 Stock price $ 0.35 $ 0.65 Dividend yield — % — % Expected life (years) 3.02 3.02 Expected volatility 64.37 % 69.91 % Risk-free interest rate 4.12 % 2.73 % AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2023 AND 2022 (UNAUDITED) Note 7 – Stockholders’ Equity-Continued Issuances of Options to Officers and Directors On June 30, 2023, the Company issued to directors and officers options to purchase 125,000 0.23 13,000 17 0.10 On March 31, 2023, the Company issued to directors and officers options to purchase 150,000 0.45 31,350 3,919 3,961 0.21 Cancellations of Options For the three and six months ended June 30, 2023, as a result of employee terminations and options expirations, stock options aggregating 34,061 57,249 87,363 176,273 166,249 199,419 513,500 654,300 AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2023 AND 2022 (UNAUDITED)

Leases

Leases	6 Months Ended
Leases	Jun. 30, 2023
Leases
Leases	Note 8 – Leases Operating Leases In May 2023, the Company executed a sublease agreement for their facility located in Seattle, Washington; however, the Company remains the primary obligor under the original lease. The sublease commenced June 1, 2023 and requires a total of $ 433,137 79,287 13,356 For the three and six months ended June 30, 2023 and 2022, operating lease expense payments were $ 264,430 528,343 628,449 961,922 As of June 30, 2023 and December 31, 2022, balance sheet information related to the Company’s operating leases is as follows: Schedule of Company's operating leases Balance Sheet Location June 30, 2023 December 31, 2022 Right of use asset $ 3,546,549 $ 3,952,317 Current portion of lease liability $ 801,887 $ 628,113 Long-term portion lease liability $ 2,842,944 $ 3,161,703 As of June 30, 2023, scheduled future maturities of the Company’s lease liabilities are as follows: Schedule of Company's lease liabilities Year Ending December 31, 2023 (rest of year) $ 512,380 2024 964,671 2025 970,744 2026 762,255 2027 743,301 Thereafter 185,825 Total future minimum lease payments, undiscounted 4,139,176 Less: Amount representing interest (494,345 ) Present value of future minimum lease payments $ 3,644,831 Present value of future minimum lease payments – current $ 801,887 Present value of future minimum lease payments – long-term $ 2,842,944 AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2023 AND 2022 (UNAUDITED) Note 8– Leases – Continued As of June 30, 2023 and December 31, 2022, the weighted average lease-term and discount rate of the Company’s leases are as follows: Schedule of weighted average lease-term and discount rate leases Other Information June 30, 2023 December 31, 2022 Weighted-average remaining lease terms (in years) 4.4 4.8 Weighted-average discount rate 6.0 % 6.0 % For the three and six months ended June 31, 2023 and 2022, supplemental cash flow information related to leases is as follows: Schedule Of Cash Flow Supplemental Information For the Three Months Ended For the Six Months Ended Other Information 2023 2022 2023 2022 Cash paid for amounts included in the measurement of liabilities: Operating cash flows for operating leases $ 264,430 $ 628,449 $ 528,343 $ 961,922

Warrants

Warrants	6 Months Ended
Warrants	Jun. 30, 2023
Guarantees and Product Warranties [Abstract]
Warrants	Note 9 – Warrants Warrants Issued On June 5, 2023, the Company entered into a Securities Purchase Agreement (the “Purchase Agreement”) with certain accredited and institutional investors (the “Investors”) pursuant to which the Company issued warrants to purchase up to 25,080,000 0.38 On March 9, 2023, the Company received an Investor Notice from Alpha (described above in Note 8) resulting in the issuance of a Common Stock warrant to purchase up to 7,142,715 0.42 3,000,000 0.25 On December 6, 2022, the Company entered into a Promissory Note Purchase Agreement (described above in Note 7), pursuant to which the Company issued the right to purchase up to 5,000,000 0.44 On June 26, 2022, the Company entered into a Securities Purchase Agreement (described above in Note 7) with Alpha. In connection with the Series F Agreement the Company issued a warrant to Alpha to purchase 16,129,032 shares of Common Stock, par value $ 0.001 per share Series F Warrant with an exercise price equal to $ 0.96 , subject to adjustment, per share of Common Stock. The Series F Warrants were not exercisable for the first six months after its issuance and have a three-year term from its initial exercise date of December 30, 2022. Upon the issuance of the 5,000,000 shares of Common Stock warrants at $ 0.44 per share, the Series F Warrant exercise price was reduced to $ 0.44 0.42 0.25 (see Note 7 for explanation regarding the December, March and June Down Rounds along with any other further disclosures related to Series F Preferred Stock). AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2023 AND 2022 (UNAUDITED) Note 9 – Warrants – Continued A summary of activity related to warrants for the periods presented is as follows: Schedule of summary of activity related to warrants Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term Outstanding as of December 31, 2021 — $ — — Issued 21,129,032 0.29 * — Exercised — — — Outstanding as of December 31, 2022 21,129,032 $ 0.29 * — Issued - March 2023 7,142,715 0.25 * — Issued - June 2023 25,080,000 0.38 — Exercised — — — Outstanding as of June 30, 2023 53,351,747 0.33 * 4.05 Exercisable as of June 30, 2023 28,271,747 0.28 * 2.81 * Reflects the exercise price after the Down Round Trigger events on December 6, 2022, March 9, 2023, and June 6, 2023 (see Note 7). As of June 30, 2023, the intrinsic value of the warrants was nil

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 10 – Commitments and Contingencies Existing Employment and Board Agreements The Company has various employment agreements with certain of its executive officers and directors that serve as Board members, which it considers normal and in the ordinary course of business. The Company has no other formal employment agreements with our executive officers, nor any compensatory plans or arrangements resulting from the resignation, retirement, or any other termination of our named executive officers, from a change-in-control, or from a change in any executive officer’s responsibilities following a change-in-control. However, it is possible that the Company will enter into formal employment agreements with its executive officers in the future. Purchase Commitments The Company routinely places orders for manufacturing services and materials. As of June 30, 2023, the Company had purchase commitments of $ 2,377,378 3,155,867 SEC Investigation The Company is subject to an investigation by the Division of Enforcement of the United States Securities and Exchange Commission limited to Section 16 violations. The Company is cooperating with the investigation and has responded to requests for documents, testimony and information regarding various transactions and disclosures going back to 2018. At this point, we are unable to predict what the timing or the outcome of the SEC investigation may be or what, if any, consequences the SEC investigation may have with respect to the Company. However, the SEC investigation could result in additional legal expenses and divert management’s attention from other business concerns and harm our business. If the SEC were to determine that legal violations occurred, we could be required to pay civil penalties or other amounts, and remedies or conditions could be imposed as part of any resolution. Currently, the Company estimates the penalties ranging from $150,000 to $200,000. AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2023 AND 2022 (UNAUDITED)

Segment Information

Segment Information	6 Months Ended
Segment Information	Jun. 30, 2023
Segment Reporting [Abstract]
Segment Information	Note 11 – Segment Information Non-allocated administrative and other expenses are reflected in Corporate. Corporate assets include cash, prepaid expenses, notes receivable, right of use assets and other assets. As of June 30, 2023, and December 31, 2022, and for the three and six months ended June 30, 2023 and 2022, respectively, information about the Company’s reportable segments consisted of the following: Goodwill and Assets Schedule of Goodwill and Assets Corporate Drones Sensors SaaS Total As of June 30, 2023 Goodwill $ — $ — $ 18,972,896 $ 4,206,515 $ 23,179,411 Assets $ 5,243,877 $ 13,295,689 $ 25,836,168 $ 7,337,117 $ 51,712,851 As of December 31, 2022 Goodwill $ — $ — $ 18,972,896 $ 4,206,515 $ 23,179,411 Assets $ 4,785,643 $ 14,930,789 $ 26,081,788 $ 8,386,654 $ 54,184,874 Condensed Consolidated Operating Results Schedule of Net (Loss) Income Corporate Drones Sensors SaaS Total Three Months Ended June 30, 2023 Revenues $ — $ 1,267,641 $ 1,884,857 $ 125,714 $ 3,278,212 Cost of sales — 752,167 1,217,169 277,342 2,246,678 Loss from operations (2,092,686 ) (2,304,994 ) (78,071 ) (396,087 ) (4,871,838 ) Other expense, net (238,520 ) (180,163 ) — (62 ) (418,745 ) Net loss $ (2,331,206 ) $ (2,485,157 ) $ (78,071 ) $ (396,149 ) $ (5,290,583 ) Three Months Ended June 30, 2022 Revenues $ — $ 3,036,182 $ 2,094,092 $ 157,599 $ 5,287,873 Cost of sales — 1,589,334 1,080,583 67,860 2,737,777 Loss from operations (2,722,252 ) (1,891,540 ) (26,986 ) (747,801 ) (5,388,579 ) Other income (expense), net 1,403 (210,713 ) (1,819 ) (2,028 ) (213,157 ) Net loss $ (2,720,849 ) $ (2,102,253 ) $ (28,805 ) $ (749,829 ) $ (5,601,736 ) Corporate Drones Sensors SaaS Total Six Months Ended June 30, 2023 Revenues $ — $ 3,234,083 $ 3,855,052 $ 246,146 $ 7,335,281 Cost of sales — 1,589,892 2,222,601 512,622 4,325,115 (Loss) income from operations (4,010,845 ) (4,337,800 ) 159,583 (843,884 ) (9,032,946 ) Other expense, net (495,720 ) (361,354 ) — (62 ) (857,136 ) Net loss $ (4,506,565 ) $ (4,699,154 ) $ 159,583 $ (843,946 ) $ (9,890,082 ) Six Months Ended June 30, 2022 Revenues $ — $ 5,775,163 $ 3,027,110 $ 327,578 $ 9,129,851 Cost of sales — 3,159,100 1,727,095 328,668 5,214,863 Loss from operations (5,961,196 ) (4,515,645 ) (810,124 ) (1,583,554 ) (12,870,519 ) Other income (expense), net 2,791 (323,955 ) (1,818 ) (4,807 ) (327,789 ) Net loss $ (5,958,405 ) $ (4,839,600 ) $ (811,942 ) $ (1,588,361 ) $ (13,198,308 ) AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2023 AND 2022 (UNAUDITED) Note 11 – Segment Information - Continued Revenues by Geographic Area Schedule of geographical revenues Drones Sensors SaaS Total Three Months Ended June 30, 2023 North America $ 554,597 $ 762,759 $ 125,714 $ 1,443,070 Latin America 301,192 47,381 — 348,573 Europe, Middle East and Africa 347,243 902,353 — 1,249,596 Asia Pacific 64,609 155,130 — 219,739 Other — 17,234 — 17,234 Total $ 1,267,641 $ 1,884,857 $ 125,714 $ 3,278,212 Three Months Ended June 30, 2022 North America $ 2,046,581 $ 808,320 $ 157,599 $ 3,012,500 Europe, Middle East and Africa 789,487 795,755 — 1,585,242 Asia Pacific 200,114 376,936 — 577,050 Other — 113,081 — 113,081 Total $ 3,036,182 $ 2,094,092 $ 157,599 $ 5,287,873 Drones Sensors SaaS Total Six Months Ended June 30, 2023 North America $ 1,154,088 $ 1,213,310 $ 246,146 $ 2,613,544 Latin America 873,197 140,461 — 1,013,658 Europe, Middle East and Africa 1,086,200 1,858,525 — 2,944,725 Asia Pacific 120,598 606,538 — 727,136 Other — 36,218 — 36,218 Total $ 3,234,083 $ 3,855,052 $ 246,146 $ 7,335,281 Six Months Ended June 30, 2022 North America $ 3,282,153 $ 1,168,208 $ 327,578 $ 4,777,939 Europe, Middle East and Africa 2,002,677 1,150,134 — 3,152,811 Asia Pacific 490,333 544,678 — 1,035,011 Other — 164,090 — 164,090 Total $ 5,775,163 $ 3,027,110 $ 327,578 $ 9,129,851

Subsequent Events

Subsequent Events	6 Months Ended
Subsequent Events	Jun. 30, 2023
Subsequent Events [Abstract]
Subsequent Events	Note 12 – Subsequent Events As disclosed in a Current Report on Form 8-K filed on December 6, 2022, AgEagle Aerial Systems Inc. (the “Company”) entered into a Securities Purchase Agreement (the “Purchase Agreement”), dated December 6, 2022, with Alpha Capital Anstalt, an institutional investor (the “Investor”) which is an existing shareholder of the Company. Pursuant to the terms of the Agreement, among other things, the Company issued to the Investor an 8 3,500,000 4 8 On August 14, 2023, the Company and the Investor entered into a Note Amendment Agreement (the “Note Amendment Agreement”), pursuant to which the parties agreed to amend the Note to provide for the following: (i) defer payment of the Monthly Amortization Payments for June 2023, July 2023 and August 2023 in the aggregate amount of $ 525,000 175,000 (ii) increase the principal amount of the Note by $ 595,000 4,095,000 (iii) delete and replace Section 3(a) of the Note governing Events of Defaults, as follows: “Event of Default”, wherever used herein, means with respect to (a) Sections 3(a)(i), (ii), (iii), and (v), the fifth (5 th Except as expressly amended in the Note Amendment Agreement, each of the Purchase Agreement and the Note, shall remain in full force and effect in accordance with their respective terms and provisions. A copy of the Note Amendment Agreement is attached hereto as Exhibit 10.1 and is incorporated herein by reference. The foregoing summary of the terms of the Note Amendment Agreement is subject to, and qualified in its entirety by, such document.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
Summary of Significant Accounting Policies (Policies)	Jun. 30, 2023
Accounting Policies [Abstract]
Risks and Uncertainties	Risks and Uncertainties AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIES Note 2 – Summary of Significant Accounting Policies-Continued
Use of Estimates	Use of Estimates
Fair Value Measurements and Disclosures	Fair Value Measurements and Disclosures Fair Value Measurement The guidance requires that assets and liabilities carried at fair value be classified and disclosed in one of the following categories: ● Level 1: Quoted market prices in active markets for identical assets or liabilities. ● Level 2: Observable market-based inputs or unobservable inputs that are corroborated by market data. ● Level 3: Unobservable inputs that are not corroborated by market data. For short-term classes of our financial instruments, which include cash, accounts receivable, prepaid expenses, notes receivable, accounts payable and accrued expenses, their carrying amounts approximate fair value due to their short-term nature. The outstanding loans related to the COVID Loans and promissory note are carried at face value, which approximates fair value. As June 30, 2023, and December 31, 2022, the Company did not have any financial assets or liabilities measured and recorded at fair value on the Company’s condensed consolidated balance sheets on a recurring basis.
Inventories	Inventories – Inventories, which consist of raw materials, finished goods and work-in-process, are stated at the lower of cost or net realizable value, with cost being determined by the average-cost method, which approximates the first-in, first-out method. Cost components include direct materials and direct labor. At each balance sheet date, the Company evaluates its inventories for excess quantities and obsolescence. This evaluation primarily includes an analysis of forecasted demand in relation to the inventory on hand, among consideration of other factors. The physical condition (e.g., age and quality) of the inventories is also considered in establishing its valuation. Based upon the evaluation, provisions are made to reduce excess or obsolete inventories to their estimated net realizable values. Once established, write-downs are considered permanent adjustments to the cost basis of the respective inventories. These adjustments are estimates, which could vary significantly, either favorably or unfavorably, from the amounts that the Company may ultimately realize upon the disposition of inventories if future economic conditions, customer inventory levels, product discontinuances, sales return levels or competitive conditions differ from the Company’s estimates and expectations.
Cash Concentrations	Cash Concentrations 250,000 250,000
Revenue Recognition and Concentration	Revenue Recognition and Concentration Revenue from Contracts with Customers AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIES Note 2 – Summary of Significant Accounting Policies-Continued The Company generally recognizes revenue on sales to customers, dealers, and distributors upon satisfaction of performance obligations which generally occurs once controls transfer to customers, which is when product is shipped or delivered depending on specific shipping terms and, where applicable, a customer acceptance has been obtained. The fee is not considered to be fixed or determinable until all material contingencies related to the sales have been resolved. The Company records revenue in the statements of operations and comprehensive loss net of any sales, use, value added, or certain excise taxes imposed by governmental authorities on specific sales transactions and net of any discounts, allowances and returns. The Company’s software subscriptions to its platforms, HempOverview Ground Control Additionally, customer payments received in advance of the Company completing performance obligations are recorded as contract liabilities. Customer deposits represent customer prepayments and are recognized as revenue when the term of the sale or performance obligation is completed. As of June 30, 2023 and December 31, 2022, respectively, contract liabilities represent $ 440,165 and $ 496,390 .
Internal-use Software Costs	Internal-use Software Costs Internal-Use Software AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIES Note 2 – Summary of Significant Accounting Policies - Continued As of June 30, 2023 and December 31, 2022, capitalized software costs for internal-use software related to the Company’s implementation of its enterprise resource planning (“ERP”) software, totaled $ 699,404 721,795 Further, capitalized software costs for internal-use software include costs incurred in connection with our HempOverview Ground Control which 1,220,659 1,332,516 Goodwill and Intangible Assets As of June 30, 2023 and December 31, 2022 our goodwill balance was $ 23,179,411 As of June 30, 2023 and December 31, 2022 our intangible assets balance was $ 10,069,558 11,507,653 As of June 30, 2023, the Company deemed that no impairment was indicated for the carrying value of the goodwill nor its intangible assets. At December 31, 2022 the Company recorded an impairment expense on its goodwill in connection with its annual impairment test. At June 30, 2023 there have been no events or changes in circumstances which indicate an interim impairment test is required. The Company will perform its annual analysis during the fourth quarter of 2023.
Foreign Currency	Foreign Currency
Shipping Costs	Shipping Costs – 57,545 85,516 122,481 144,975
Advertising Costs	Advertising Costs 27,729 103,756 68,418 164,382
Vendor Concentrations	Vendor Concentrations
Loss Per Common Share and Potentially Dilutive Securities	Loss Per Common Share and Potentially Dilutive Securities – 0.001 455,972 2,778,982 53,351,747 675,367 2,452,248 5,000,000
Segment Reporting	Segment Reporting Segment Reporting AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIES Note 2 – Summary of Significant Accounting Policies-Continued The Company has determined that it operates in four segments: ● Drones, which comprises revenues earned from contractual arrangements to develop, manufacture and /or modify complex drone related products, and to provide associated engineering, technical and other services according to customer specifications. ● Sensors, which comprises the revenue earned through the sale of sensors, cameras, and related accessories. ● SaaS, which comprises revenue earned through the offering of online-based subscriptions. ● Corporate, which comprises corporate costs only.
New Accounting Pronouncements	New Accounting Pronouncements Other recent accounting pronouncements issued by FASB did not or are not believed by management to have a material impact on the Company’s present or future condensed consolidated financial statements.

Balance Sheet Disclosure (Table

Balance Sheet Disclosure (Tables)	6 Months Ended
Balance Sheet Disclosure (Tables)	Jun. 30, 2023
Balance Sheet Disclosure
Schedule of Accounts Receivable, Net	As of June 30, 2023 and December 31, 2022, accounts receivable, net consist of the following: Schedule of Accounts Receivable, Net June 30, 2023 December 31, 2022 Accounts receivable $ 2,120,217 $ 2,229,840 Less: Provision for doubtful accounts (17,097 ) (16,800 ) Accounts receivable, net $ 2,103,120 $ 2,213,040
Schedule of Inventories	As of June 30, 2023 and December 31, 2022, inventories, net consist of the following: Schedule of Inventories June 30, 2023 December 31, 2022 Raw materials $ 4,451,551 $ 5,288,206 Work-in process 849,645 1,106,056 Finished goods 1,546,566 614,400 Gross inventories 6,847,762 7,008,662 Less: Provision for obsolescence reserve (327,448 ) (322,815 ) Inventories, net $ 6,520,314 $ 6,685,847
Schedule of Prepaid and Other Current Assets	As of June 30, 2023 and December 31, 2022, prepaid and other current assets, net consist of the following: Schedule of Prepaid and Other Current Assets June 30, 2023 December 31, 2022 Prepaid inventories $ 208,538 281,484 Prepaid software licenses and annual fees 326,851 184,429 Prepaid rent 131,537 234,691 Prepaid insurance 85,107 167,794 Prepaid VAT charges 57,373 99,558 Prepaid other and other current assets 91,737 61,592 Prepaid and other current assets $ 901,143 $ 1,029,548
Schedule of Property and Equipment, Net	As of June 30, 2023 and December 31, 2022, property and equipment, net consist of the following: Schedule of Property and Equipment, Net Useful Life June 30, December 31, Estimated Useful Life June 30, December 31, Type (Years) 2023 2022 Leasehold improvements 3 $ 106,837 $ 106,837 Production tools and equipment 5 691,268 632,514 Computer and office equipment 3 5 521,505 507,637 Furniture 5 73,647 77,799 Drone equipment 3 170,109 170,109 Property and equipment 1,563,366 1,494,896 Less: Accumulated depreciation (912,376 ) (703,741 ) Property and equipment, net $ 650,990 $ 791,155
Schedule of Property and Equipment Depreciation Expense	Schedule of Property and Equipment Depreciation Expense Type 2023 2022 2023 2022 Classification within the Condensed Consolidated Statements of Operations and Comprehensive Loss. For the Three Months Ended For the Six Months Ended Type 2023 2022 2023 2022 Cost of sales $ — $ 70,463 $ — $ 135,306 General and administrative 99,227 43,941 199,924 89,833 Depreciation expense $ 99,227 $ 114,404 $ 199,924 $ 225,139
Schedule of Intangible Assets, net	As of June 30, 2023 and December 31, 2022, intangible assets, net, other than goodwill, consisted of the following: Schedule of Intangible Assets, net Name Estimated Life (Years) Balance as of December 31, 2022 Additions Amortization Balance as of Intellectual property/technology 5 7 $ 4,473,861 $ — $ (404,484 ) $ 4,069,377 Customer base 3 10 2,885,657 — (568,830 ) 2,316,827 Tradenames and trademarks 5 10 1,757,891 — (103,972 ) 1,653,919 Non-compete agreement 2 4 335,933 — (226,561 ) 109,372 Platform development costs 3 1,332,516 232,441 (344,298 ) 1,220,659 Internal use software costs 3 721,795 143,796 (166,187 ) 699,404 Intangibles assets, net $ 11,507,653 $ 376,237 $ (1,814,332 ) $ 10,069,558
Schedule of Intangible Assets Future Amortization Expenses	For the following years ending, the future amortization expenses consist of the following: Schedule of Intangible Assets Future Amortization Expenses Name (rest of year) 2023 2024 2025 2026 2027 Thereafter Total For the Years Ending December 31, Name (rest of year) 2023 2024 2025 2026 2027 Thereafter Total Intellectual property/technology $ 404,484 $ 808,968 $ 808,968 $ 808,968 $ 808,968 $ 429,021 $ 4,069,377 Customer base 568,833 889,364 141,145 141,145 141,145 435,195 2,316,827 Tradenames and trademarks 103,973 207,944 207,944 207,944 207,944 718,170 1,653,919 Non-compete agreement 109,372 — — — — — 109,372 Platform development costs 369,668 565,232 259,896 25,863 — — 1,220,659 Internal use software costs 167,580 346,707 171,220 13,897 — — 699,404 Intangible assets, net $ 1,723,910 $ 2,818,215 $ 1,589,173 $ 1,197,817 $ 1,158,057 $ 1,582,386 $ 10,069,558
Schedule of Accrued Expenses	As of June 30, 2023 and December 31, 2022, accrued expenses consist of the following: Schedule of Accrued Expenses June 30, 2023 December 31, 2022 Accrued purchases and customer deposits $ 315,197 $ 102,319 Accrued compensation and related liabilities 299,445 774,916 Provision for warranty expense 296,055 288,807 Accrued dividends 293,751 172,596 Accrued interest 160,222 — Accrued professional fees 158,485 262,737 Other 58,998 79,331 Total accrued expenses $ 1,582,153 $ 1,680,706

COVID Loans (Tables)

COVID Loans (Tables)	6 Months Ended
COVID Loans (Tables)	Jun. 30, 2023
Covid Loans
Schedule of Maturity of SenseFly Covid Loans	As of June 30, 2023, scheduled principal payments due under the senseFly COVID Loans are as follows: Schedule of Maturity of SenseFly Covid Loans Year ending December 31, 2023 (rest of year) $ 416,931 2024 91,758 2025 91,758 2026 91,758 2027 183,512 Total $ 875,718

Promissory Note (Tables)

Promissory Note (Tables)	6 Months Ended
Promissory Note (Tables)	Jun. 30, 2023
Debt Disclosure [Abstract]
Schedule of Principal Payments Due under Note and Amortization of Discount	As of June 30, 2023, scheduled principal payments due under the Note and amortization of the discount are as follows: Schedule of Principal Payments Due under Note and Amortization of Discount Principal Payments Discount Amortization Balance, Net of Discount Current portion of promissory note liability $ 1,927,430 $ (337,770 ) $ 1,589,660 Long term portion of promissory note liability 1,572,570 (675,539 ) 897,031 Total $ 3,500,000 $ (1,013,309 ) $ 2,486,691

Stockholders_ Equity (Tables)

Stockholders’ Equity (Tables)	6 Months Ended
Stockholders’ Equity (Tables)	Jun. 30, 2023
Equity [Abstract]
Summary of RSU Activity	For the six months ended June 30, 2023, a summary of RSU activity is as follows: Summary of RSU Activity Shares Weighted Average Grant Date Fair Value Outstanding as of December 31, 2022 1,028,960 $ 2.31 Granted 1,620,940 0.40 Canceled (99,754 ) 1.55 Vested and released (354,107 ) 3.02 Outstanding as of June 30, 2023 2,550,146 $ 1.12 Vested as of June 30, 2023 2,094,174 $ 1.04 Unvested as of June 30, 2023 455,972 $ 1.51 For the six months ended June 30, 2022, a summary of RSU activity is as follows: Shares Weighted Average Grant Date Fair Value Outstanding as of December 31, 2021 1,147,250 $ 3.78 Granted 440,841 1.20 Canceled (106,000 ) 2.86 Vested and released (354,107 ) 3.02 Outstanding as of June 30, 2022 1,127,984 $ 3.10 Vested as of June 30, 2022 452,617 $ 4.01 Unvested as of June 30, 2022 675,367 $ 2.48
Summary of Options Activity	For the six months ended June 30, 2023, a summary of the options activity is as follows: Summary of Options Activity Shares Weighted Average Exercise Price Weighted Average Fair Value Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value Outstanding as of December 31, 2022 2,561,231 $ 2.18 $ 1.19 3.33 $ 31,124 Granted 275,000 0.35 0.16 3.02 — Exercised — — — — — Expired/Forfeited (57,249 ) 5.73 3.08 — — Outstanding as of June 30, 2023 2,778,982 $ 1.93 $ 1.05 3.01 $ 9,750 Exercisable as of June 30, 2023 2,232,641 $ 2.26 $ 1.23 2.65 $ 9,750 For the six months ended June 30, 2022, a summary of the options activity is as follows: Shares Weighted Average Exercise Price Weighted Average Fair Value Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value Outstanding as of December 31, 2021 2,541,667 $ 2.88 $ 1.57 4.27 $ 1,244,029 Granted 260,000 0.91 0.43 3.02 — Exercised (150,000 ) 0.41 0.30 — 35,415 Expired/Forfeited (199,419 ) 6.11 3.28 — — Outstanding as of June 30, 2022 2,452,248 $ 2.56 $ 1.39 3.61 $ 240,897 Exercisable as of June 30, 2022 1,759,030 $ 2.36 $ 1.30 3.34 $ 240,897
Schedule of Significant Weighted Average Assumptions	Schedule of Significant Weighted Average Assumptions 2023 2022 June 30, 2023 2022 Stock price $ 0.35 $ 0.65 Dividend yield — % — % Expected life (years) 3.02 3.02 Expected volatility 64.37 % 69.91 % Risk-free interest rate 4.12 % 2.73 % AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2023 AND 2022 (UNAUDITED) Note 7 – Stockholders’ Equity-Continued Issuances of Options to Officers and Directors On June 30, 2023, the Company issued to directors and officers options to purchase 125,000 0.23 13,000 17 0.10 On March 31, 2023, the Company issued to directors and officers options to purchase 150,000 0.45 31,350 3,919 3,961 0.21 Cancellations of Options For the three and six months ended June 30, 2023, as a result of employee terminations and options expirations, stock options aggregating 34,061 57,249 87,363 176,273 166,249 199,419 513,500 654,300 AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2023 AND 2022 (UNAUDITED)

Leases (Tables)

Leases (Tables)	6 Months Ended
Leases (Tables)	Jun. 30, 2023
Leases
Schedule of Company's operating leases	As of June 30, 2023 and December 31, 2022, balance sheet information related to the Company’s operating leases is as follows: Schedule of Company's operating leases Balance Sheet Location June 30, 2023 December 31, 2022 Right of use asset $ 3,546,549 $ 3,952,317 Current portion of lease liability $ 801,887 $ 628,113 Long-term portion lease liability $ 2,842,944 $ 3,161,703
Schedule of Company's lease liabilities	As of June 30, 2023, scheduled future maturities of the Company’s lease liabilities are as follows: Schedule of Company's lease liabilities Year Ending December 31, 2023 (rest of year) $ 512,380 2024 964,671 2025 970,744 2026 762,255 2027 743,301 Thereafter 185,825 Total future minimum lease payments, undiscounted 4,139,176 Less: Amount representing interest (494,345 ) Present value of future minimum lease payments $ 3,644,831 Present value of future minimum lease payments – current $ 801,887 Present value of future minimum lease payments – long-term $ 2,842,944
Schedule of weighted average lease-term and discount rate leases	As of June 30, 2023 and December 31, 2022, the weighted average lease-term and discount rate of the Company’s leases are as follows: Schedule of weighted average lease-term and discount rate leases Other Information June 30, 2023 December 31, 2022 Weighted-average remaining lease terms (in years) 4.4 4.8 Weighted-average discount rate 6.0 % 6.0 %
Schedule Of Cash Flow Supplemental Information	For the three and six months ended June 31, 2023 and 2022, supplemental cash flow information related to leases is as follows: Schedule Of Cash Flow Supplemental Information For the Three Months Ended For the Six Months Ended Other Information 2023 2022 2023 2022 Cash paid for amounts included in the measurement of liabilities: Operating cash flows for operating leases $ 264,430 $ 628,449 $ 528,343 $ 961,922

Warrants (Tables)

Warrants (Tables)	6 Months Ended
Warrants (Tables)	Jun. 30, 2023
Guarantees and Product Warranties [Abstract]
Schedule of summary of activity related to warrants	A summary of activity related to warrants for the periods presented is as follows: Schedule of summary of activity related to warrants Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term Outstanding as of December 31, 2021 — $ — — Issued 21,129,032 0.29 * — Exercised — — — Outstanding as of December 31, 2022 21,129,032 $ 0.29 * — Issued - March 2023 7,142,715 0.25 * — Issued - June 2023 25,080,000 0.38 — Exercised — — — Outstanding as of June 30, 2023 53,351,747 0.33 * 4.05 Exercisable as of June 30, 2023 28,271,747 0.28 * 2.81 * Reflects the exercise price after the Down Round Trigger events on December 6, 2022, March 9, 2023, and June 6, 2023 (see Note 7).

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
Segment Information (Tables)	Jun. 30, 2023
Segment Reporting [Abstract]
Schedule of Goodwill and Assets	As of June 30, 2023, and December 31, 2022, and for the three and six months ended June 30, 2023 and 2022, respectively, information about the Company’s reportable segments consisted of the following: Goodwill and Assets Schedule of Goodwill and Assets Corporate Drones Sensors SaaS Total As of June 30, 2023 Goodwill $ — $ — $ 18,972,896 $ 4,206,515 $ 23,179,411 Assets $ 5,243,877 $ 13,295,689 $ 25,836,168 $ 7,337,117 $ 51,712,851 As of December 31, 2022 Goodwill $ — $ — $ 18,972,896 $ 4,206,515 $ 23,179,411 Assets $ 4,785,643 $ 14,930,789 $ 26,081,788 $ 8,386,654 $ 54,184,874
Schedule of Net (Loss) Income	Schedule of Net (Loss) Income Corporate Drones Sensors SaaS Total Three Months Ended June 30, 2023 Revenues $ — $ 1,267,641 $ 1,884,857 $ 125,714 $ 3,278,212 Cost of sales — 752,167 1,217,169 277,342 2,246,678 Loss from operations (2,092,686 ) (2,304,994 ) (78,071 ) (396,087 ) (4,871,838 ) Other expense, net (238,520 ) (180,163 ) — (62 ) (418,745 ) Net loss $ (2,331,206 ) $ (2,485,157 ) $ (78,071 ) $ (396,149 ) $ (5,290,583 ) Three Months Ended June 30, 2022 Revenues $ — $ 3,036,182 $ 2,094,092 $ 157,599 $ 5,287,873 Cost of sales — 1,589,334 1,080,583 67,860 2,737,777 Loss from operations (2,722,252 ) (1,891,540 ) (26,986 ) (747,801 ) (5,388,579 ) Other income (expense), net 1,403 (210,713 ) (1,819 ) (2,028 ) (213,157 ) Net loss $ (2,720,849 ) $ (2,102,253 ) $ (28,805 ) $ (749,829 ) $ (5,601,736 ) Corporate Drones Sensors SaaS Total Six Months Ended June 30, 2023 Revenues $ — $ 3,234,083 $ 3,855,052 $ 246,146 $ 7,335,281 Cost of sales — 1,589,892 2,222,601 512,622 4,325,115 (Loss) income from operations (4,010,845 ) (4,337,800 ) 159,583 (843,884 ) (9,032,946 ) Other expense, net (495,720 ) (361,354 ) — (62 ) (857,136 ) Net loss $ (4,506,565 ) $ (4,699,154 ) $ 159,583 $ (843,946 ) $ (9,890,082 ) Six Months Ended June 30, 2022 Revenues $ — $ 5,775,163 $ 3,027,110 $ 327,578 $ 9,129,851 Cost of sales — 3,159,100 1,727,095 328,668 5,214,863 Loss from operations (5,961,196 ) (4,515,645 ) (810,124 ) (1,583,554 ) (12,870,519 ) Other income (expense), net 2,791 (323,955 ) (1,818 ) (4,807 ) (327,789 ) Net loss $ (5,958,405 ) $ (4,839,600 ) $ (811,942 ) $ (1,588,361 ) $ (13,198,308 )
Schedule of geographical revenues	Schedule of geographical revenues Drones Sensors SaaS Total Three Months Ended June 30, 2023 North America $ 554,597 $ 762,759 $ 125,714 $ 1,443,070 Latin America 301,192 47,381 — 348,573 Europe, Middle East and Africa 347,243 902,353 — 1,249,596 Asia Pacific 64,609 155,130 — 219,739 Other — 17,234 — 17,234 Total $ 1,267,641 $ 1,884,857 $ 125,714 $ 3,278,212 Three Months Ended June 30, 2022 North America $ 2,046,581 $ 808,320 $ 157,599 $ 3,012,500 Europe, Middle East and Africa 789,487 795,755 — 1,585,242 Asia Pacific 200,114 376,936 — 577,050 Other — 113,081 — 113,081 Total $ 3,036,182 $ 2,094,092 $ 157,599 $ 5,287,873 Drones Sensors SaaS Total Six Months Ended June 30, 2023 North America $ 1,154,088 $ 1,213,310 $ 246,146 $ 2,613,544 Latin America 873,197 140,461 — 1,013,658 Europe, Middle East and Africa 1,086,200 1,858,525 — 2,944,725 Asia Pacific 120,598 606,538 — 727,136 Other — 36,218 — 36,218 Total $ 3,234,083 $ 3,855,052 $ 246,146 $ 7,335,281 Six Months Ended June 30, 2022 North America $ 3,282,153 $ 1,168,208 $ 327,578 $ 4,777,939 Europe, Middle East and Africa 2,002,677 1,150,134 — 3,152,811 Asia Pacific 490,333 544,678 — 1,035,011 Other — 164,090 — 164,090 Total $ 5,775,163 $ 3,027,110 $ 327,578 $ 9,129,851

Description of the Business a_2

Description of the Business and Basis of Presentation (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Accounting Policies [Abstract]
Net Income (Loss) Attributable to Parent	$ 5,290,583	$ 5,601,736	$ 9,890,082	$ 13,198,308
Net Cash Provided by (Used in) Operating Activities			6,783,320	$ 11,628,089
[custom:WorkingCapital-0]	7,537,254		7,537,254
Retained Earnings (Accumulated Deficit)	$ 126,354,420		$ 126,354,420		$ 111,553,444

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Cash federal deposit insurance corporation	$ 250,000		$ 250,000
Cash balance	250,000		250,000
Contract with Customer, Liability, Current	440,165		440,165		$ 496,390
Capitalized software development costs for internal-use software	699,404		699,404		721,795
Intangible assets, net	10,069,558		10,069,558		11,507,653
Goodwill	23,179,411		23,179,411		$ 23,179,411
Shipping costs	57,545	$ 85,516	122,481	$ 144,975
Advertising expense	$ 27,729	$ 103,756	$ 68,418	$ 164,382
Common stock, par value	$ 0.001		$ 0.001		$ 0.001
Restricted Stock Units (RSUs) [Member]
Finite-Lived Intangible Assets [Line Items]
Antidilutive securities			455,972		675,367
Share-Based Payment Arrangement, Option [Member]
Finite-Lived Intangible Assets [Line Items]
Antidilutive securities			2,778,982		2,452,248
Common Stock Warrants [Member]
Finite-Lived Intangible Assets [Line Items]
Antidilutive securities			53,351,747		5,000,000
Platform Development Costs [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, net	$ 1,220,659		$ 1,220,659		$ 1,332,516	$ 1,332,516

Schedule of Accounts Receivable

Schedule of Accounts Receivable, Net (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Balance Sheet Disclosure
Accounts receivable	$ 2,120,217	$ 2,229,840
Less: Provision for doubtful accounts	(17,097)	(16,800)
Accounts receivable, net	$ 2,103,120	$ 2,213,040

Schedule of Inventories (Detail

Schedule of Inventories (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Balance Sheet Disclosure
Raw materials	$ 4,451,551	$ 5,288,206
Work-in process	849,645	1,106,056
Finished goods	1,546,566	614,400
Gross inventories	6,847,762	7,008,662
Less: Provision for obsolescence reserve	(327,448)	(322,815)
Inventories, net	$ 6,520,314	$ 6,685,847

Schedule of Prepaid and Other C

Schedule of Prepaid and Other Current Assets (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Balance Sheet Disclosure
Prepaid inventories	$ 208,538	$ 281,484
Prepaid software licenses and annual fees	326,851	184,429
Prepaid rent	131,537	234,691
Prepaid insurance	85,107	167,794
Prepaid VAT charges	57,373	99,558
Prepaid other and other current assets	91,737	61,592
Prepaid and other current assets	$ 901,143	$ 1,029,548

Schedule of Property and Equipm

Schedule of Property and Equipment, Net (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Property and equipment	$ 1,563,366	$ 1,494,896
Less: Accumulated depreciation	(912,376)	(703,741)
Property and equipment, net	650,990	791,155
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	$ 106,837	106,837
Estimated useful life	3 years
Production Tools And Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	$ 691,268	632,514
Estimated useful life	5 years
Computer Equipment [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	$ 521,505	507,637
Estimated useful life	5 years
Computer Equipment [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	3 years
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	$ 73,647	77,799
Estimated useful life	5 years
Drone Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	$ 170,109	$ 170,109
Estimated useful life	3 years

Schedule of Property and Equi_2

Schedule of Property and Equipment Depreciation Expense (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Depreciation expense	$ 99,227	$ 114,404	$ 199,924	$ 225,139
Cost of Sales [Member]
Depreciation expense		70,463		135,306
General and Administrative Expense [Member]
Depreciation expense	$ 99,227	$ 43,941	$ 199,924	$ 89,833

Schedule of Intangible Assets,

Schedule of Intangible Assets, net (Details)	6 Months Ended
Schedule of Intangible Assets, net (Details)	Jun. 30, 2023 USD ($)
Finite-Lived Intangible Assets [Line Items]
Beginning balance	$ 11,507,653
Additions	376,237
Amortization	(1,814,332)
Ending balance	10,069,558
Intellectual Property [Member]
Finite-Lived Intangible Assets [Line Items]
Beginning balance	4,473,861
Additions
Amortization	(404,484)
Ending balance	$ 4,069,377
Intellectual Property [Member] \| Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated life	5 years
Intellectual Property [Member] \| Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated life	7 years
Customer-Related Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Beginning balance	$ 2,885,657
Additions
Amortization	(568,830)
Ending balance	$ 2,316,827
Customer-Related Intangible Assets [Member] \| Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated life	3 years
Customer-Related Intangible Assets [Member] \| Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated life	10 years
Trademarks and Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Beginning balance	$ 1,757,891
Additions
Amortization	(103,972)
Ending balance	$ 1,653,919
Trademarks and Trade Names [Member] \| Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated life	5 years
Trademarks and Trade Names [Member] \| Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated life	10 years
Noncompete Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Beginning balance	$ 335,933
Additions
Amortization	(226,561)
Ending balance	$ 109,372
Noncompete Agreements [Member] \| Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated life	2 years
Noncompete Agreements [Member] \| Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated life	4 years
Platform Development Costs [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated life	3 years
Beginning balance	$ 1,332,516
Additions	232,441
Amortization	(344,298)
Ending balance	$ 1,220,659
Computer Software, Intangible Asset [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated life	3 years
Beginning balance	$ 721,795
Additions	143,796
Amortization	(166,187)
Ending balance	$ 699,404

Schedule of Intangible Assets F

Schedule of Intangible Assets Future Amortization Expenses (Details) - USD ($)	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
(rest of year) 2023		$ 1,723,910
2024		2,818,215
2025		1,589,173
2026		1,197,817
2027		1,158,057
Thereafter		1,582,386
Total		10,069,558	$ 11,507,653
Intellectual Property [Member]
Finite-Lived Intangible Assets [Line Items]
(rest of year) 2023		404,484
2024		808,968
2025		808,968
2026		808,968
2027		808,968
Thereafter		429,021
Total		4,069,377	4,473,861
Customer-Related Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
(rest of year) 2023		568,833
2024		889,364
2025		141,145
2026		141,145
2027		141,145
Thereafter		435,195
Total		2,316,827	2,885,657
Trademarks and Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
(rest of year) 2023		103,973
2024		207,944
2025		207,944
2026		207,944
2027		207,944
Thereafter		718,170
Total		1,653,919	1,757,891
Noncompete Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
(rest of year) 2023		109,372
2024
2025
2026
2027
Thereafter
Total		109,372	335,933
Platform Development Costs [Member]
Finite-Lived Intangible Assets [Line Items]
(rest of year) 2023		369,668
2024		565,232
2025		259,896
2026		25,863
2027
Thereafter
Total	$ 1,332,516	1,220,659	1,332,516
Computer Software, Intangible Asset [Member]
Finite-Lived Intangible Assets [Line Items]
(rest of year) 2023		167,580
2024		346,707
2025		171,220
2026		13,897
2027
Thereafter
Total		$ 699,404	$ 721,795

Schedule of Accrued Expenses (D

Schedule of Accrued Expenses (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Balance Sheet Disclosure
Accrued purchases and customer deposits	$ 315,197	$ 102,319
Accrued compensation and related liabilities	299,445	774,916
Provision for warranty expense	296,055	288,807
Accrued dividends	293,751	172,596
Accrued interest	160,222
Accrued professional fees	158,485	262,737
Other	58,998	79,331
Total accrued expenses	$ 1,582,153	$ 1,680,706

Balance Sheet Disclosure (Detai

Balance Sheet Disclosure (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
Balance Sheet Disclosure (Details Narrative) - USD ($)	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Balance Sheet Disclosure
Weighted average remaining amortization period	4 years 3 months 25 days		4 years 3 months 25 days
Amortization expense	$ 913,691	$ 851,284	$ 1,814,332	$ 288,065

Notes Receivable (Details Narra

Notes Receivable (Details Narrative) - USD ($)	Nov. 24, 2021	Oct. 15, 2021	Dec. 06, 2022	Oct. 14, 2020
Short-Term Debt [Line Items]
Principal aggregate amount			$ 3,500,000
Good faith acquisition of consideration		$ 15,000,000
Convertible Notes Payable [Member]
Short-Term Debt [Line Items]
Principal aggregate amount				$ 500,000
Payment of principal on the note	$ 315,000

Schedule of Maturity of SenseFl

Schedule of Maturity of SenseFly Covid Loans (Details)	Jun. 30, 2023 USD ($)
Covid Loans
2023 (rest of year)	$ 416,931
2024	91,758
2025	91,758
2026	91,758
2027	183,512
Total	$ 875,718

COVID Loans (Details Narrative)

COVID Loans (Details Narrative)	3 Months Ended	6 Months Ended
COVID Loans (Details Narrative)	Jun. 30, 2023 USD ($)	Jun. 30, 2023 USD ($)
Sensefly [Member]
Restructuring Cost and Reserve [Line Items]
Payment of principal and interest	$ 40,927	$ 40,927
Sensefly Covid Loans [Member]
Restructuring Cost and Reserve [Line Items]
Outstanding obligations under the covid loans	875,718	875,718
Sensefly [Member]
Restructuring Cost and Reserve [Line Items]
Fair value of the covid loan	$ 1,440,046	$ 1,440,046

Schedule of Principal Payments

Schedule of Principal Payments Due under Note and Amortization of Discount (Details)	Jun. 30, 2023 USD ($)
Obligation with Joint and Several Liability Arrangement [Line Items]
Principal Payments	$ 3,500,000
Discount Amortization	1,013,309
Principal Payments	2,486,691
Principal Payments	(1,013,309)
Current Portion Of Promissory Note Liability [Member]
Obligation with Joint and Several Liability Arrangement [Line Items]
Principal Payments	1,927,430
Discount Amortization	337,770
Principal Payments	1,589,660
Principal Payments	(337,770)
Long Term Portion Of Promissory Note Liability [Member]
Obligation with Joint and Several Liability Arrangement [Line Items]
Principal Payments	1,572,570
Discount Amortization	675,539
Principal Payments	897,031
Principal Payments	$ (675,539)

Promissory Note (Details Narrat

Promissory Note (Details Narrative) - USD ($)			3 Months Ended	6 Months Ended
Promissory Note (Details Narrative) - USD ($)	Dec. 06, 2022	Jun. 26, 2022	Jun. 30, 2023	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Aggregate principal amount	$ 3,500,000
Number of warrant to purchase	5,000,000
Exercise price	$ 0.44
Original issue discount percent	4%
Interest rate	8%
Net proceeds	$ 3,285,000
Debt instrument discount on the note	140,000			$ 1,182,349
Issuance costs	$ 75,000
Estimated fair value of common stock warrants issued with the note				1,847,200
Total discount comprised of the fair value of warrants				$ 1,397,350
Expected term				3 years 7 days	3 years 7 days
Volatility rate				6,437%	6,991%
Risk free interest rate				412%	273%
Expected dividend rate
Interest expense			$ 168,885	$ 337,770
Unamortized discount			1,013,309	1,013,309
Additional investment		$ 3,300,000
Interest expense			70,778	160,222
Accrued interest			$ 160,222	$ 160,222
Warrant [Member]
Expected term				5 years
Volatility rate				135.80%
Risk free interest rate				3.73%
Expected dividend rate				0%

Summary of RSU Activity (Detail

Summary of RSU Activity (Details) - Restricted Stock Units (RSUs) [Member] - $ / shares	6 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of shares,Beginning	1,028,960	1,147,250	1,147,250
Weighted average grant date fair value,Beginning	$ 2.31	$ 3.78	$ 3.78
Granted	1,620,940	440,841
Weighted average grant date fair value,Granted	$ 0.40	$ 1.20
Canceled	(99,754)	(106,000)
Weighted average grant date fair value,Canceled	$ 1.55	$ 2.86
Vested and released		(354,107)
Weighted average grant date fair value,Vested and released		$ 3.02
Number of shares,Ending	2,550,146	1,127,984	1,028,960
Weighted average grant date fair value,Ending	$ 1.12	$ 3.10	$ 2.31
Vested	2,094,174	452,617
Weighted average grant date fair value,Vested	$ 1.04	$ 4.01
Nonvested	455,972	675,367
Weighted average grant date fair value,Unvested	$ 1.51	$ 2.48

Summary of Options Activity (De

Summary of Options Activity (Details) - USD ($)	6 Months Ended		12 Months Ended
Summary of Options Activity (Details) - USD ($)	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022	Dec. 31, 2021
Equity [Abstract]
Number of shares,Beginning	2,561,231	2,541,667	2,541,667
Weighted average exercise price,Beginning	$ 2.18	$ 2.88	$ 2.88
Weighted average fair value,Beginning	$ 1.19	$ 1.57	$ 1.57
Weighted average remaining contractual term, Ending	3 years 3 days	3 years 7 months 9 days	3 years 3 months 29 days	4 years 3 months 7 days
Aggregate intrinsic value, Beginning	$ 31,124	$ 1,244,029	$ 1,244,029
Number of shares,Granted	275,000	260,000
Weighted average exercise price,Granted	$ 0.35	$ 0.91
Weighted average fair value,Granted	$ 0.16	$ 0.43
Weighted average remaining contractual term,Granted	3 years 7 days	3 years 7 days
Number of shares,Exercised		150,000
Weighted average exercise price,Exercised		$ 0.41
Weighted average fair value,Exercised		$ 0.30
Number of shares,Expired/Forfeited	(57,249)	(199,419)
Weighted average exercise price,Expired/Forfeited	$ 5.73	$ 6.11
Weighted average fair value,Expired/Forfeited	$ 3.08	$ 3.28
Number of shares,Ending	2,778,982	2,452,248	2,561,231	2,541,667
Weighted average exercise price,Ending	$ 1.93	$ 2.56	$ 2.18	$ 2.88
Weighted average fair value,Ending	$ 1.05	$ 1.39	$ 1.19	$ 1.57
Aggregate intrinsic value, Ending	$ 9,750	$ 240,897	$ 31,124	$ 1,244,029
Number of shares,Exercisable	2,232,641	1,759,030
Weighted average exercise price,Exercisable	$ 2.26	$ 2.36
Weighted average fair value,Exercisable	$ 1.23	$ 1.30
Weighted average remaining contractual term, Exercisable	2 years 7 months 24 days	3 years 4 months 2 days
Aggregate intrinsic value, Exercisable	$ 9,750	$ 240,897
Number of shares,Exercised		(150,000)
Aggregate intrinsic value, Exercised		$ 35,415

Schedule of Significant Weighte

Schedule of Significant Weighted Average Assumptions (Details) - $ / shares	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Equity [Abstract]
Stock price	$ 0.35	$ 0.65
Dividend yield
Expected life (years)	3 years 7 days	3 years 7 days
Expected volatility	6,437%	6,991%
Risk-free interest rate	412%	273%

Stockholders_ Equity (Details N

Stockholders’ Equity (Details Narrative) - USD ($)								1 Months Ended	3 Months Ended			6 Months Ended		12 Months Ended
Stockholders’ Equity (Details Narrative) - USD ($)	Jun. 08, 2023	Jun. 05, 2023	May 11, 2023	Mar. 29, 2023	Mar. 09, 2023	Dec. 06, 2022	Jun. 26, 2022	Jan. 31, 2022	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022	Dec. 31, 2021
Class of Stock [Line Items]
Warrants to purchase						5,000,000
Exercise price						$ 0.44
Percentage of aggregate of the offered securities									50%			50%
Preferred stock shares authorized									25,000,000			25,000,000		25,000,000
Aggregate purchase price									$ 3,817,400			$ 3,817,400	$ 4,583,341
Par value of stock									$ 7		$ 1,000	$ 7	$ 1,000	$ 6
Dividend rate												5%
Common stock, par value									$ 0.001			$ 0.001		$ 0.001
Description of down round or anti dilution trigger event						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”)
Aggregate deemed dividend	$ 4,654,918				$ 255,976							$ 2,245,377
Expected term												3 years 7 days	3 years 7 days
Volatility rate												6,437%	6,991%
Risk free interest rate												412%	273%
Expected dividend rate
Common stock, shares issued									109,491,375			109,491,375		88,466,613
Cumulative dividends									$ 54,234			$ 121,155
Stock price									$ 0.35		$ 0.65	$ 0.35	$ 0.65
Issuance costs						$ 75,000
Aggregate value													$ 3,000,000
Exercise price									$ 1.93		$ 2.56	$ 1.93	$ 2.56	$ 2.18	$ 2.88
Stock compensation expense									$ 469,835		$ 748,023	$ 982,365	$ 2,501,904
Amortization of unrecognized periodic pension costs									699		2,641	44,044	2,641
Aggregate fair value of rsu awards												$ 644,969	$ 527,699
Exercise price													$ 0.41
2022 Executive Compensation Plan [Member] \| Officer [Member]
Class of Stock [Line Items]
Number of units granted			968,690	640,000
Restricted Stock Units (RSUs) [Member]
Class of Stock [Line Items]
Stock compensation expense									381,155		375,047	$ 734,417	$ 1,575,284
Unrecognized stock-based compensation expense									170,717		910,000	$ 170,717	$ 910,000
Number of units granted												1,620,940	440,841
Market price												$ 0.40	$ 1.20
Restricted Stock Units (RSUs) [Member] \| Officer [Member]
Class of Stock [Line Items]
Stock compensation expense									$ 371,105				$ 639,905
Market price									$ 0.38			$ 0.42
Share-Based Payment Arrangement, Option [Member]
Class of Stock [Line Items]
Stock compensation expense									$ 88,681		376,902	$ 247,948	926,620
Unrecognized stock-based compensation expense									153,161		1,105,155	153,161	1,105,155
Cancellations Of Options [Member]
Class of Stock [Line Items]
Fair market values									$ 87,363		$ 513,500	$ 176,273	$ 654,300
Number of options cancelled									34,061		166,249	57,249	199,419
Common Stock Warrants [Member]
Class of Stock [Line Items]
Dividend preferred stock	787,823				38,226
Series F Convertible Preferred Stock [Member]
Class of Stock [Line Items]
Dividend preferred stock	$ 3,867,095				$ 217,750
Series F Warrants [Member]
Class of Stock [Line Items]
Exercise price	$ 0.25	$ 0.25			$ 0.44	$ 0.96	$ 0.25
Common Stock Warrants [Member]
Class of Stock [Line Items]
Exercise price						0.44
Deemed dividend on common stock warrants												$ 565,161
Additional Warrant [Member]
Class of Stock [Line Items]
Warrants to purchase					7,142,715
Exercise price					$ 0.42
Aggregate purchase price of warrant					$ 3,000,000
Preferred Series F Convertible Stock [Member]
Class of Stock [Line Items]
Conversion price	$ 0.42				$ 0.42	$ 0.62
Par value of stock							$ 1,000
Dividend rate							5%
Dividend preferred stock												$ 1,680,216
Series F Option [Member]
Class of Stock [Line Items]
Number of additional shares to purchase												25,000,000
Series F Warrants [Member]
Class of Stock [Line Items]
Expected term					3 years	3 years						2 years 6 months
Volatility rate					131%	150%						106%
Risk free interest rate					4.46%	3.77%						4.28%
Expected dividend rate					0%	0%						0%
Additional Series F Preferred [Member]
Class of Stock [Line Items]
Converted shares					2,381
Conversion price					$ 0.42		$ 0.42
Par value of stock					$ 1,000
Additional shares purchased					3,000
Series F Convertible Preferred Stock [Member]
Class of Stock [Line Items]
Common stock, shares issued					3,000
Shares converted									840			1,838
Shares issued upon conversion									2,000,000			4,304,762
Exercise of Common Stock Options [Member]
Class of Stock [Line Items]
Number of shares issued													150,000
Gross proceeds													$ 61,500
Exercise price											$ 0.41		$ 0.41
Minimum [Member]
Class of Stock [Line Items]
Percentage of beneficial ownership limitation												4.99%
Maximum [Member]
Class of Stock [Line Items]
Percentage of beneficial ownership limitation												9.99%
Sponsor [Member]
Class of Stock [Line Items]
Amortization of unrecognized periodic pension costs									$ 699		$ 2,641	$ 44,044	$ 2,641
Issuances Of Options To Officers And Directors [Member]
Class of Stock [Line Items]
Restricted stock units granted shares										150,000		125,000
Exercise price										$ 0.45		$ 0.23
Fair market values										$ 31,350		$ 13,000
Stock-based compensation expense									$ 17		$ 3,919	$ 17	$ 3,961
Fair value market price									$ 0.10		$ 0.21	$ 0.10	$ 0.21
Purchase Agreement [Member]
Class of Stock [Line Items]
Warrants to purchase		25,080,000
Exercise price		$ 0.38
Warrants term		5 years 6 months
Number of shares issued		16,720,000
Gross proceeds		$ 3,817,400
Purchase Agreement [Member] \| Investor [Member]
Class of Stock [Line Items]
Number of shares sold		16,720,000
Price per share		$ 0.25
Warrants to purchase		25,080,000
Exercise price		$ 0.38
Gross proceeds		$ 4,180,000
Series F Agreement [Member] \| Series F Warrants [Member]
Class of Stock [Line Items]
Exercise price									$ 0.96			$ 0.96
Number of warrants to purchase												$ 16,129,032
Addiitonal gross proceeds												$ 10,000,000
Series F Agreement [Member] \| Preferred Series F Convertible Stock [Member]
Class of Stock [Line Items]
Number of shares issued							10,000
Preferred stock shares authorized							35,000
Aggregate purchase price							$ 10,000,000
Gross proceeds							$ 9,920,000
Number of shares issued							10,000
Converted shares							16,129,032
Conversion price							$ 0.62
At The Market Sales Agreement [Member]
Class of Stock [Line Items]
Number of shares sold														4,251,151
Proceeds from sale of stock														$ 4,583,341
Issuance costs														$ 141,754
At The Market Sales Agreement [Member] \| Minimum [Member]
Class of Stock [Line Items]
Stock price														$ 1.04
At The Market Sales Agreement [Member] \| Maximum [Member]
Class of Stock [Line Items]
Stock price														$ 1.18
Sense Fly SA Purchase Agreement [Member] \| Sensefly [Member]
Class of Stock [Line Items]
Number of shares issued acquisition								1,927,407
Aggregate value								$ 3,000,000

Schedule of Company's operating

Schedule of Company's operating leases (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Leases
Right of use asset	$ 3,546,549	$ 3,952,317
Current portion of lease liability	801,887	628,113
Long-term portion lease liability	$ 2,842,944	$ 3,161,703

Schedule of Company's lease lia

Schedule of Company's lease liabilities (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Leases
2023 (rest of year)	$ 512,380
2024	964,671
2025	970,744
2026	762,255
2027	743,301
Thereafter	185,825
Total future minimum lease payments, undiscounted	4,139,176
Less: Amount representing interest	(494,345)
Present value of future minimum lease payments	3,644,831
Present value of future minimum lease payments – current	801,887	$ 628,113
Present value of future minimum lease payments – long-term	$ 2,842,944	$ 3,161,703

Schedule of weighted average le

Schedule of weighted average lease-term and discount rate leases (Details)	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Leases
Weighted-average remaining lease terms	4 years 4 months 24 days	4 years 9 months 18 days
Weighted-average discount rate	6%	6%

Schedule Of Cash Flow Supplemen

Schedule Of Cash Flow Supplemental Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Leases
Cash paid for amounts included in the measurement of liabilities: Operating cash flows for operating leases	$ 264,430	$ 628,449	$ 528,343	$ 961,922

Leases (Details Narrative)

Leases (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
Leases (Details Narrative) - USD ($)	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Leases
Rental payments			$ 433,137
Impairment charges	$ 79,287		79,287
Rental income			13,356
Lease	$ 264,430	$ 628,449	$ 528,343	$ 961,922

Schedule of summary of activity

Schedule of summary of activity related to warrants (Details) - $ / shares		3 Months Ended		6 Months Ended		12 Months Ended
		Mar. 31, 2023		Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Exercise price					$ 0.41
Warrant [Member]
Number of shares,Beginning		21,129,032		21,129,032
Warrants Issued		7,142,715		25,080,000		21,129,032
Weighted Average Exercise Price, Warrants Issued		$ 0.25	[1]	$ 0.38		$ 0.29	[1]
Warrants Exercised
Exercise price
Weighted average grant date fair value,Beginning	[1]	$ 0.29		$ 0.29
Number of shares,Ending				53,351,747		21,129,032
Weighted average grant date fair value,Ending	[1]			$ 0.33		$ 0.29
Weighted-Average Remaining Contractual Term Outstanding				4 years 18 days
Warrants Exercisable at end				28,271,747
Weighted Average Exercise Price, Warrants Exercise price	[1]			$ 0.28
Weighted-Average Remaining Contractual Term Outstanding, Exercisable				2 years 9 months 21 days

[1]Reflects the exercise price after the Down Round Trigger events on December 6, 2022, March 9, 2023, and June 6, 2023 (see Note 7).

Warrants (Details Narrative)

Warrants (Details Narrative) - USD ($)						6 Months Ended
Warrants (Details Narrative) - USD ($)	Dec. 06, 2023	Jun. 26, 2023	Jun. 05, 2023	Mar. 09, 2023	Jun. 26, 2022	Jun. 30, 2023	Jun. 30, 2022	Jun. 08, 2023	Dec. 31, 2022	Dec. 06, 2022
Additional gross proceeds				$ 3,000,000
Exercise price										$ 0.44
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period							150,000
Common Stock, Shares, Issued						109,491,375			88,466,613
Share Price						$ 0.35	$ 0.65
Warrants intrinsic
Series F Warrants [Member]
Exercise price			$ 0.25	$ 0.44	$ 0.25			$ 0.25		$ 0.96
Common Stocks [Member]
Purchase shares of common stock, shares				7,142,715
Common Stock exercise price				$ 0.42
Common Stocks [Member] \| Securities Purchase Agreement [Member]
Purchase shares of common stock, shares	5,000,000		25,080,000
Common Stock exercise price	$ 0.44		$ 0.38
Series F Preferred Stock [Member]
Common Stock exercise price						0.44
Share Price						$ 0.44
Series F Preferred Stock [Member] \| Common Stocks [Member]
Common Stock, Shares, Issued						5,000,000
Series F Preferred Stock [Member] \| Securities Purchase Agreement [Member]
Common Stock exercise price		$ 0.96				$ 0.001
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period					16,129,032
Additional Series F Preferred [Member]
Converted price				$ 0.42	$ 0.42

Commitments and Contingencies (

Commitments and Contingencies (Details Narrative) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Purchase commitment	$ 2,377,378	$ 3,155,867

Schedule of Goodwill and Assets

Schedule of Goodwill and Assets (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Segment Reporting Information [Line Items]
Goodwill	$ 23,179,411	$ 23,179,411
Assets	51,712,851	54,184,874
Corporate Segment [Member]
Segment Reporting Information [Line Items]
Goodwill
Assets	5,243,877	4,785,643
Drones And Custom Manufacturing [Member]
Segment Reporting Information [Line Items]
Goodwill
Assets	13,295,689	14,930,789
Sensors [Member]
Segment Reporting Information [Line Items]
Goodwill	18,972,896	18,972,896
Assets	25,836,168	26,081,788
SaaS [Member]
Segment Reporting Information [Line Items]
Goodwill	4,206,515	4,206,515
Assets	$ 7,337,117	$ 8,386,654

Schedule of Net (Loss) Income (

Schedule of Net (Loss) Income (Details) - USD ($)	3 Months Ended		6 Months Ended
Schedule of Net (Loss) Income (Details) - USD ($)	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Segment Reporting Information [Line Items]
Revenues	$ 3,278,212	$ 5,287,873	$ 7,335,281	$ 9,129,851
Cost of sales	2,246,678	2,737,777	4,325,115	5,214,863
Loss from operations	(4,871,838)	(5,388,579)	(9,032,946)	(12,870,519)
Other income (expense), net	(418,745)	(213,157)	(857,136)	(327,789)
Net loss	(5,290,583)	(5,601,736)	(9,890,082)	(13,198,308)
Corporate Segment [Member]
Segment Reporting Information [Line Items]
Revenues
Cost of sales
Loss from operations	(2,092,686)	(2,722,252)	(4,010,845)	(5,961,196)
Other income (expense), net	(238,520)	1,403	(495,720)	2,791
Net loss	(2,331,206)	(2,720,849)	(4,506,565)	(5,958,405)
Drones And Custom Manufacturing [Member]
Segment Reporting Information [Line Items]
Revenues	1,267,641	3,036,182	3,234,083	5,775,163
Cost of sales	752,167	1,589,334	1,589,892	3,159,100
Loss from operations	(2,304,994)	(1,891,540)	(4,337,800)	(4,515,645)
Other income (expense), net	(180,163)	(210,713)	(361,354)	(323,955)
Net loss	(2,485,157)	(2,102,253)	(4,699,154)	(4,839,600)
Sensors [Member]
Segment Reporting Information [Line Items]
Revenues	1,884,857	2,094,092	3,855,052	3,027,110
Cost of sales	1,217,169	1,080,583	2,222,601	1,727,095
Loss from operations	(78,071)	(26,986)	159,583	(810,124)
Other income (expense), net		(1,819)		(1,818)
Net loss	(78,071)	(28,805)	159,583	(811,942)
SaaS [Member]
Segment Reporting Information [Line Items]
Revenues	125,714	157,599	246,146	327,578
Cost of sales	277,342	67,860	512,622	328,668
Loss from operations	(396,087)	(747,801)	(843,884)	(1,583,554)
Other income (expense), net	(62)	(2,028)	(62)	(4,807)
Net loss	$ (396,149)	$ (749,829)	$ (843,946)	$ (1,588,361)

Schedule of geographical revenu

Schedule of geographical revenues (Details) - USD ($)	3 Months Ended		6 Months Ended
Schedule of geographical revenues (Details) - USD ($)	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Revenues from External Customers and Long-Lived Assets [Line Items]
Total	$ 3,278,212	$ 5,287,873	$ 7,335,281	$ 9,129,851
Drones And Custom Manufacturing [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total	1,267,641	3,036,182	3,234,083	5,775,163
Sensors [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total	1,884,857	2,094,092	3,855,052	3,027,110
SaaS [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total	125,714	157,599	246,146	327,578
North America [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total	1,443,070	3,012,500	2,613,544	4,777,939
North America [Member] \| Drones And Custom Manufacturing [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total	554,597	2,046,581	1,154,088	3,282,153
North America [Member] \| Sensors [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total	762,759	808,320	1,213,310	1,168,208
North America [Member] \| SaaS [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total	125,714	157,599	246,146	327,578
Latin America [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total	348,573		1,013,658
Latin America [Member] \| Drones And Custom Manufacturing [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total	301,192		873,197
Latin America [Member] \| Sensors [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total	47,381		140,461
Latin America [Member] \| SaaS [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total
EMEA [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total	1,249,596	1,585,242	2,944,725	3,152,811
EMEA [Member] \| Drones And Custom Manufacturing [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total	347,243	789,487	1,086,200	2,002,677
EMEA [Member] \| Sensors [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total	902,353	795,755	1,858,525	1,150,134
EMEA [Member] \| SaaS [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total
Asia Pacific [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total	219,739	577,050	727,136	1,035,011
Asia Pacific [Member] \| Drones And Custom Manufacturing [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total	64,609	200,114	120,598	490,333
Asia Pacific [Member] \| Sensors [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total	155,130	376,936	606,538	544,678
Asia Pacific [Member] \| SaaS [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total
Other Geographic Area [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total	17,234	113,081	36,218	164,090
Other Geographic Area [Member] \| Drones And Custom Manufacturing [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total
Other Geographic Area [Member] \| Sensors [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total	17,234	113,081	36,218	164,090
Other Geographic Area [Member] \| SaaS [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) - USD ($)		1 Months Ended
Subsequent Events (Details Narrative) - USD ($)	Sep. 15, 2023	Aug. 31, 2023	Jul. 31, 2023	Jun. 30, 2023	Aug. 14, 2023	Dec. 06, 2022
Subsequent Event [Line Items]
Aggregate principal amount				$ 3,500,000
Amortization of financing costs				$ 525,000
Forecast [Member]
Subsequent Event [Line Items]
Amortization of financing costs	$ 175,000	$ 525,000
Subsequent Event [Member]
Subsequent Event [Line Items]
Amortization of financing costs			$ 525,000
Subsequent Event [Member] \| Minimum [Member]
Subsequent Event [Line Items]
Aggregate principal amount					$ 595,000
Subsequent Event [Member] \| Maximum [Member]
Subsequent Event [Line Items]
Aggregate principal amount					$ 4,095,000
Securities Purchase Agreement [Member]
Subsequent Event [Line Items]
Interest rate						4%
Bearing variable interest rate						8%
Securities Purchase Agreement [Member] \| Investor [Member]
Subsequent Event [Line Items]
Interest rate						8%
Aggregate principal amount						$ 3,500,000