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Property and Equipment | 6 Months Ended
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Jun. 30, 2024
Property and Equipment [Abstract] |
PROPERTY AND EQUIPMENT | NOTE 4 – PROPERTY AND EQUIPMENT Property and equipment consist of the following:
|  | June 30, 2024 |  |  | December 31, 2023 |
Vehicles |  | $ | 149,916 |  |  | $ | 149,916 |
Computer equipment |  |  | 395,492 |  |  |  | 363,141 |
Furniture and fixtures |  |  | 334,580 |  |  |  | 332,804 |
Leasehold improvements |  |  | 3,451,676 |  |  |  | 2,534,014 |
Development equipment |  |  | 442,086 |  |  |  | 294,288 |
Docking stations and drones |  |  | 5,440,875 |  |  |  | 3,928,958 |
Machinery and equipment |  |  | 60,321 |  |  |  | 60,321 |
Construction in progress |  |  | - |  |  |  | 395,340 |
Total property and equipment |  |  | 10,274,946 |  |  |  | 8,058,782 |
Less: accumulated depreciation |  |  | (4,782,921 | ) |  |  | (3,882,824 | )
Net property and equipment |  | $ | 5,492,025 |  |  | $ | 4,175,958 |
Depreciation expense for the three months ended June 30, 2024 and 2023 was $111,234 and $160,081, respectively. Depreciation expense for the six months ended June 30, 2024 and 2023 was $234,305 and $412,625, respectively. As of June 30, 2024, there was $2,730,724 of net property and equipment located in Israel and $240,796 of net property and equipment located in United Arab Emirates. In connection with the American Robotics sublease effective January 15, 2024, see Note – 2 Summary of Significant Account Policies, Leases, the Company recorded an impairment charge of $1,127,769, related to the Leasehold improvements and Furniture and fixtures associated with the Asset Group, was recognized in Operating expenses in the Consolidated Statements of Operations for the year ending December 31, 2023, included in our 2023 Form 10-K. There was no indication of impairment for the six months ended June 30, 2024.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
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