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REVENUE | 12 Months Ended
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Dec. 31, 2021
Revenue |
REVENUE | 21. REVENUE The Company sub-classifies revenue within the following components: product revenue and services revenue. Product revenue comprises of sales of internally assembled multi-rotor helicopters, industrial aerial video systems, civilian small unmanned aerial systems or vehicles, and wireless video systems. Services revenue consists of fees charged for custom engineering, drone as a service work, and training and simulation consulting. SCHEDULE OF PRODUCT AND SERVICE REVENUE
|  | For the years ended December 31, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
Product sales |  | $ | 5,103,399 |  |  | $ | 3,087,223 |  |  | $ | 248,939 |
Drone service |  |  | 1,304,799 |  |  |  | 630,532 |  |  |  | - |
Services |  |  | 645,667 |  |  |  | 645,756 |  |  |  | 1,131,488 |
Revenue |  | $ | 7,053,865 |  |  | $ | 4,363,511 |  |  | $ | 1,380,427 |
The Company does not derive significant revenue from any (2020 – 1) customers that exceeds 10% of total revenues for the year ended December 31, 2021 (2020 – $474,701 of custom engineering services revenue). Consulting revenue: On May 22, 2017, the Company executed a standard consulting agreement, whereby the Company would provide consulting, custom engineering and investigating and solving on a project-by-project basis. The Company shall be responsible for the development, design, procurement, fabrication, assembly, integration, checkout, integration and test of hardware, software, and firmware necessary to produce a complete system per each project. The consideration for the services performed are based on the labor cost incurred on an hourly basis and minimal preapproved expenditures. Geographic revenue segmentation is as follows: SCHEDULE OF GEOGRAPHIC REVENUE
|  | For the years ended December 31, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
Canada |  | $ | 4,937,935 |  |  | $ | 2,270,862 |  |  | $ | 127,118 |
United States |  |  | 2,071,492 |  |  |  | 1,982,404 |  |  |  | 1,251,199 |
International |  |  | 44,438 |  |  |  | 110,245 |  |  |  | 2,110 |
Revenue |  | $ | 7,053,865 |  |  | $ | 4,363,511 |  |  | $ | 1,380,427 |
Draganfly Inc. Notes to the Consolidated Financial Statements For The Year Ended December 31, 2021 Expressed in Canadian Dollars 21. REVENUE (CONT’D) Non current assets for each geographic segment are as follows: SCHEDULE OF OPERATING SEGMENTS
|  | Canada |  |  | United States |  |  | International |
|  | For the years ended December 31, |
|  | Canada |  |  | United States |  |  | International |
Goodwill |  | $ | 2,166,564 |  |  | $ | 3,773,845 |  |  | $ | - |
Property and equipment |  |  | 297,043 |  |  |  | - |  |  |  | - |
Intangible assets |  |  | 219,093 |  |  |  | 374,808 |  |  |  | - |
Investments |  |  | 291,066 |  |  |  | - |  |  |  | - |
Notes receivable |  |  | - |  |  |  | 964,006 |  |  |  | - |
Right of use assets |  |  | 468,106 |  |  |  | - |  |  |  | - |
TOTAL ASSETS |  | $ | 3,441,872 |  |  | $ | 5,112,659 |  |  | $ | - |
Draganfly Inc. Notes to the Consolidated Financial Statements For The Year Ended December 31, 2021 Expressed in Canadian Dollars

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