XML 41 R30.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Intangible Assets (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2024
Intangible Assets [Abstract] |
Schedule of Components of Intangible Assets | The components of intangible assets, all of which are finite lived, were as follows:
|  | June 30, 2024 |  |  | December 31, 2023 |  |  |  |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |  |  | Useful Life |
Patents |  | $ | 153,788 |  |  | $ | (48,447 | ) |  | $ | 105,341 |  |  | $ | 117,810 |  |  | $ | (43,153 | ) |  | $ | 74,657 |  |  |  | 10 |
Patents in process |  |  | 124,959 |  |  |  | - |  |  |  | 124,959 |  |  |  | 142,239 |  |  |  | - |  |  |  | 142,239 |  |  |  | N/A |
Licenses |  |  | 241,909 |  |  |  | (101,952 | ) |  |  | 139,957 |  |  |  | 241,909 |  |  |  | (89,859 | ) |  |  | 152,050 |  |  |  | 10 |
Software |  |  | 227,049 |  |  |  | (185,959 | ) |  |  | 41,090 |  |  |  | 211,411 |  |  |  | (167,412 | ) |  |  | 43,999 |  |  |  | 3 |
Trademarks |  |  | 3,230,000 |  |  |  | (937,731 | ) |  |  | 2,292,269 |  |  |  | 3,230,000 |  |  |  | (776,235 | ) |  |  | 2,453,765 |  |  |  | 10 |
FAA waiver |  |  | 5,930,000 |  |  |  | (1,721,593 | ) |  |  | 4,208,407 |  |  |  | 5,930,000 |  |  |  | (1,425,101 | ) |  |  | 4,504,899 |  |  |  | 10 |
Developed technology |  |  | 27,977,331 |  |  |  | (7,098,336 | ) |  |  | 20,878,995 |  |  |  | 27,977,331 |  |  |  | (5,632,170 | ) |  |  | 22,345,161 |  |  |  | 3 - 10 |
Non-compete agreements |  |  | 840,000 |  |  |  | (840,000 | ) |  |  | - |  |  |  | 840,000 |  |  |  | (840,000 | ) |  |  | - |  |  |  | 1 |
Marketing-related assets |  |  | 890,000 |  |  |  | (127,040 | ) |  |  | 762,960 |  |  |  | 890,000 |  |  |  | (82,540 | ) |  |  | 807,460 |  |  |  | 10 |
Customer relationships |  |  | 1,010,000 |  |  |  | (306,048 | ) |  |  | 703,952 |  |  |  | 1,010,000 |  |  |  | (205,048 | ) |  |  | 804,952 |  |  |  | 5 |
|  | $ | 40,625,036 |  |  | $ | (11,367,106 | ) |  | $ | 29,257,930 |  |  | $ | 40,590,700 |  |  | $ | (9,261,518 | ) |  | $ | 31,329,182 |  |  |  |  |
Schedule of Expected Amortization Expense | Estimated amortization expense for the next five years for the intangible assets currently being amortized is as follows:
Year Ending December 31, |  | Estimated Amortization |
2024 (6 months) |  | $ | 2,107,667 |
2025 |  | $ | 4,158,575 |
2026 |  | $ | 4,074,847 |
2027 |  | $ | 4,063,210 |
2028 |  | $ | 3,791,692 |
Thereafter |  | $ | 11,061,939 |
Total |  | $ | 29,257,930 |

X
- References No definition available. + Details
Name: | us-gaap_IntangibleAssetsNetExcludingGoodwillAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration