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Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2025
Segment Reporting [Abstract] |
Schedule of Segment Information | Schedule of Segment Information
|  | Avionics |  |  | Drones |  |  | Electric Air Mobility |  |  | Training |  |  | Total |
|  | December 31, 2025 |
(In Thousands) |  | Avionics |  |  | Drones |  |  | Electric Air Mobility |  |  | Training |  |  | Total |
Revenue |  | $ | 6,921 |  |  | $ | 79,080 |  |  | $ | - |  |  | $ | 4,906 |  |  | $ | 90,907 |
Cost of revenue |  |  | 4,461 |  |  |  | 28,102 |  |  |  | - |  |  |  | 3,929 |  |  |  | 36,492 |
Gross profit |  |  | 2,460 |  |  |  | 50,978 |  |  |  | - |  |  |  | 977 |  |  |  | 54,415 |
Research and development |  |  | 1,824 |  |  |  | 8,328 |  |  |  | 7,566 |  |  |  | - |  |  |  | 17,718 |
Sales and marketing |  |  | 1,181 |  |  |  | 3,448 |  |  |  | - |  |  |  | 1,986 |  |  |  | 6,615 |
General and administrative |  |  | 3,604 |  |  |  | 11,348 |  |  |  | 1,200 |  |  |  | 13,716 |  |  |  | 29,868 |
Interest expense |  |  | 23 |  |  |  | 427 |  |  |  | - |  |  |  | 243 |  |  |  | 693 |
Interest income |  |  | (2 | ) |  |  | (333 | ) |  |  | - |  |  |  | - |  |  |  | (335 | )
Gain on extinguishment of debt |  |  | (13,091 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (13,091 | )
Other expense (income), net |  |  | 670 |  |  |  | (160 | ) |  |  | (23,098 | ) |  |  | (2,677 | ) |  |  | (25,265 | )
Income tax expense |  |  | - |  |  |  | (6,106 | ) |  |  | - |  |  |  | - |  |  |  | (6,106 | )
Segment profit (loss) |  | $ | 8,251 |  |  | $ | 21,814 |  |  | $ | 14,332 |  |  | $ | (12,291 | ) |  |  | 32,106 |
Unallocated amounts: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 28,979 |
Interest expense, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 9,442 |
Gain on extinguishment of debt |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (2,468 | )
Other income, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (680 | )
Income tax expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 937 |
Net loss |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (4,104 | )
|  | Avionics |  |  | Drones |  |  | Electric Air Mobility |  |  | Training |  |  | Total |
|  | December 31, 2024 |
(In Thousands) |  | Avionics |  |  | Drones |  |  | Electric Air Mobility |  |  | Training |  |  | Total |
Revenue |  | $ | 8,665 |  |  | $ | 74,691 |  |  | $ | - |  |  | $ | 3,579 |  |  | $ | 86,935 |
Cost of revenue |  |  | 5,764 |  |  |  | 19,854 |  |  |  | - |  |  |  | 3,000 |  |  |  | 28,618 |
Gross profit |  |  | 2,901 |  |  |  | 54,837 |  |  |  | - |  |  |  | 579 |  |  |  | 58,317 |
Research and development |  |  | 1,028 |  |  |  | 4,512 |  |  |  | 7,593 |  |  |  | - |  |  |  | 13,133 |
Sales and marketing |  |  | 1,286 |  |  |  | 3,146 |  |  |  | - |  |  |  | 1,990 |  |  |  | 6,422 |
General and administrative |  |  | 1,868 |  |  |  | 8,190 |  |  |  | 2,115 |  |  |  | 2,600 |  |  |  | 14,773 |
Goodwill impairment |  |  | - |  |  |  | - |  |  |  | 17,024 |  |  |  | 20,970 |  |  |  | 37,994 |
Interest expense |  |  | 129 |  |  |  | 2,150 |  |  |  | - |  |  |  | 278 |  |  |  | 2,557 |
Interest income |  |  | - |  |  |  | (271 | ) |  |  | - |  |  |  | - |  |  |  | (271 | )
Other expense (income), net |  |  | 77 |  |  |  | 205 |  |  |  | (2,401 | ) |  |  | (74 | ) |  |  | (2,193 | )
Income tax benefit (expense) |  |  | (7,528 | ) |  |  | (9,051 | ) |  |  | 4,035 |  |  |  | 4,244 |  |  |  | (8,300 | )
Segment (loss) profit |  | $ | (9,015 | ) |  | $ | 27,854 |  |  | $ | (20,296 | ) |  | $ | (20,941 | ) |  |  | (22,398 | )
Unallocated amounts: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3,428 |
Interest expense, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,478 |
Loss on extinguishment of debt |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 10,461 |
Other expense, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 20 |
Other (income) expense, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 20 |
Income tax expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 909 |
Net loss |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (38,694 | )
Schedule of Revenue by Geographic Area | The following table presents revenues by geographic area for the years ended December 31: Schedule of Revenue by Geographic Area
|  | Avionics |  |  | Drones |  |  | Electric Air Mobility |  |  | Training |  |  | Total |
|  | 2025 |
(In Thousands) |  | Avionics |  |  | Drones |  |  | Electric Air Mobility |  |  | Training |  |  | Total |
United States |  | $ | 4,307 |  |  | $ | 98 |  |  | $ | - |  |  | $ | 4,906 |  |  | $ | 9,311 |
Europe |  |  | 1,586 |  |  |  | 76,398 |  |  |  | - |  |  |  | - |  |  |  | 77,984 |
Other |  |  | 1,028 |  |  |  | 2,584 |  |  |  | - |  |  |  | - |  |  |  | 3,612 |
Revenue |  | $ | 6,921 |  |  | $ | 79,080 |  |  | $ | - |  |  | $ | 4,906 |  |  | $ | 90,907 |
|  | Avionics |  |  | Drones |  |  | Electric Air Mobility |  |  | Training |  |  | Total |
|  | 2024 |
(In Thousands) |  | Avionics |  |  | Drones |  |  | Electric Air Mobility |  |  | Training |  |  | Total |
United States |  | $ | 5,318 |  |  | $ | 1,169 |  |  | $ | - |  |  | $ | 3,579 |  |  | $ | 10,066 |
Europe |  |  | 1,793 |  |  |  | 73,522 |  |  |  | - |  |  |  | - |  |  |  | 75,315 |
Other |  |  | 1,554 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1,554 |
Revenue |  | $ | 8,665 |  |  | $ | 74,691 |  |  | $ | - |  |  | $ | 3,579 |  |  | $ | 86,935 |
Schedule of Revenue by Products and Services | The following table presents revenues by products and services for the years ended December 31: Schedule of Revenue by Products and Services
|  | Avionics |  |  | Drones |  |  | Electric Air Mobility |  |  | Training |  |  | Total |
|  | 2025 |
(In Thousands) |  | Avionics |  |  | Drones |  |  | Electric Air Mobility |  |  | Training |  |  | Total |
Products |  | $ | 6,907 |  |  | $ | 73,012 |  |  | $ | - |  |  | $ | 902 |  |  | $ | 80,821 |
Services |  |  | 14 |  |  |  | 6,068 |  |  |  | - |  |  |  | 4,004 |  |  |  | 10,086 |
Revenue |  | $ | 6,921 |  |  | $ | 79,080 |  |  | $ | - |  |  | $ | 4,906 |  |  | $ | 90,907 |
|  | Avionics |  |  | Drones |  |  | Electric Air Mobility |  |  | Training |  |  | Total |
|  | 2024 |
(In Thousands) |  | Avionics |  |  | Drones |  |  | Electric Air Mobility |  |  | Training |  |  | Total |
Products |  | $ | 8,618 |  |  | $ | 71,856 |  |  | $ | - |  |  | $ | 202 |  |  | $ | 80,676 |
Services |  |  | 47 |  |  |  | 2,835 |  |  |  | - |  |  |  | 3,377 |  |  |  | 6,259 |
Revenue |  | $ | 8,665 |  |  | $ | 74,691 |  |  | $ | - |  |  | $ | 3,579 |  |  | $ | 86,935 |
Schedule of Capital Expenditures, Depreciation and Amortization | The following table presents capital expenditures, depreciation and amortization, stock-based compensation and contingent consideration fair value adjustments for the years ended December 31: Schedule of Capital Expenditures, Depreciation and Amortization
|  | Avionics |  |  | Drones |  |  | Electric Air Mobility |  |  | Training |  |  | Total |
|  | 2025 |
(In Thousands) |  | Avionics |  |  | Drones |  |  | Electric Air Mobility |  |  | Training |  |  | Total |
Depreciation and amortization |  | $ | 458 |  |  | $ | 1,679 |  |  | $ | 6,801 |  |  | $ | 3,071 |  |  | $ | 12,009 |
Stock-based compensation 1 |  |  | 1,717 |  |  |  | 151 |  |  |  | 166 |  |  |  | 10,087 |  |  |  | 12,121 |
Contingent consideration fair value adjustments |  |  | - |  |  |  | (365 | ) |  |  | (17,223 | ) |  |  | (2,684 | ) |  |  | (20,272 | )
Capital expenditures |  |  | 361 |  |  |  | 2,014 |  |  |  | - |  |  |  | 1,004 |  |  |  | 3,379 |
1 | During the year ended December 31, 2025, the Company also recognized $7.8 million as part of corporate expense.
|  | Avionics |  |  | Drones |  |  | Electric Air Mobility |  |  | Training |  |  | Total |
|  | 2024 |
(In Thousands) |  | Avionics |  |  | Drones |  |  | Electric Air Mobility |  |  | Training |  |  | Total |
Depreciation and amortization |  | $ | 496 |  |  | $ | 1,943 |  |  | $ | 6,802 |  |  | $ | 3,399 |  |  | $ | 12,640 |
Stock-based compensation |  |  | - |  |  |  | - |  |  |  | 716 |  |  |  | - |  |  |  | 716 |
Contingent consideration fair value adjustments |  |  | - |  |  |  | - |  |  |  | (2,400 | ) |  |  | - |  |  |  | (2,400 | )
Capital expenditures |  |  | 6 |  |  |  | 783 |  |  |  | - |  |  |  | - |  |  |  | 789 |
Schedule of Tangible Long Lived Assets by Geographic Area | The following table presents tangible long-lived assets by geographic area as of December 31: Schedule of Tangible Long Lived Assets by Geographic Area
|  | Avionics |  |  | Drones |  |  | Electric Air Mobility |  |  | Training |  |  | Total |
|  | 2025 |
(In Thousands) |  | Avionics |  |  | Drones |  |  | Electric Air Mobility |  |  | Training |  |  | Total |
United States |  | $ | 544 |  |  | $ | - |  |  | $ | 3 |  |  | $ | 5,484 |  |  | $ | 6,031 |
Europe |  |  | - |  |  |  | 2,955 |  |  |  | - |  |  |  | - |  |  |  | 2,955 |
Total |  | $ | 544 |  |  | $ | 2,955 |  |  | $ | 3 |  |  | $ | 5,484 |  |  | $ | 8,986 |
|  | Avionics |  |  | Drones |  |  | Electric Air Mobility |  |  | Training |  |  | Total |
|  | 2024 |
(In Thousands) |  | Avionics |  |  | Drones |  |  | Electric Air Mobility |  |  | Training |  |  | Total |
United States |  | $ | 201 |  |  | $ | - |  |  | $ | 2 |  |  | $ | 5,339 |  |  | $ | 5,542 |
Europe |  |  | - |  |  |  | 1,292 |  |  |  | - |  |  |  | - |  |  |  | 1,292 |
Total |  | $ | 201 |  |  | $ | 1,292 |  |  | $ | 2 |  |  | $ | 5,339 |  |  | $ | 6,834 |
Schedule of Segment Assets | Total segment assets reconciled to consolidated amounts are as follows as of December 31: Schedule of Segment Assets
|  |  |  |  | Total Segment assets |
(In Thousands) |  | Avionics |  |  | Drones |  |  | Electric Air Mobility |  |  | Training |  |  | Corporate |  |  | Total |
2025 |  | $ | 3,795 |  |  | $ | 178,064 |  |  | $ | 506,214 |  |  | $ | 30,387 |  |  | $ | 55,679 |  |  | $ | 774,139 |
2024 |  | $ | 1,208 |  |  | $ | 150,722 |  |  | $ | 514,152 |  |  | $ | 32,378 |  |  | $ | 2,539 |  |  | $ | 700,999 |

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