XML 23 R13.htm IDEA: XBRL DOCUMENT
v3.25.3

INTANGIBLE ASSETS AND GOODWILL | 9 Months Ended
--- | ---
Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
INTANGIBLE ASSETS AND GOODWILL | NOTE 5 – INTANGIBLE ASSETS AND GOODWILL Impairments During the quarter ended September 30, 2025, the Company conducted an interim impairment test of its goodwill and other intangibles due to a decline in operating performance and a sustained decline in its stock price. As part of the analysis, the Company updated the forecasted future cash flows and revenues in the impairment assessment to reflect current conditions. Based on the results of the impairment test performed, the Company recognized a full goodwill impairment charge of $684,867 and an other intangibles impairment charge of $146,001 during the three and nine months ended September 30, 2025. No impairment charges were recognized during the three and nine months ended September 30, 2024. Intangible assets As a result of the acquisition of Safe Pro AI on March 9, 2023, there was a $545,625 increase in the gross intangible assets made up of $545,625 of finite lived intangible assets, consisting of a single software asset, SpotlightAI™. Spotlight AI detects threats from drone imagery, relaying precise GPS location and actionable reporting information to decision makers and ground personnel. The Company intends to utilize its AI, ML and computer vision technology to create and analyze large datasets. The Company’s technology is being used in the field by the Ukrainian government, as well as several humanitarian aid organizations. During the three and nine months ended September 30, 2025, the Company capitalized $2,702 and $207,545, respectively of its direct costs. As of September 30, 2025 and September 30, 2024, the Company had $903,695 and $1,088,645, respectively, of finite lived intangible assets, net. As of September 30, 2025, intangible assets subject to amortization consisted of the following: SCHEDULE OF INTANGIBLE ASSETS SUBJECT TO AMORTIZATION
|  | September 30, 2025 |
|  | Amortization period (years) |  | Gross Amount |  |  | Accumulated Amortization |  |  | Net finite intangible assets |
Customer relationships |  | 5 |  | $ | 388,000 |  |  | $ | (388,000 | ) |  | $ | - |
Contractual employment agreements |  | 3 |  |  | 310,000 |  |  |  | (310,000 | ) |  |  | - |
Acquired capitalized internal-use software development costs |  | 3 |  |  | 1,125,758 |  |  |  | (222,063 | ) |  |  | 903,695 |
Amortization of intangible assets |  |  |  | $ | 1,823,758 |  |  | $ | (920,063 | ) |  | $ | 903,695 |
SAFE PRO GROUP INC. AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2025 AND 2024 (unaudited) For the three and nine months ended September 30, 2025, amortization of intangible assets amounted to $72,167 and $246,493, respectively. For the three and nine months ended September 30, 2024, amortization of intangible assets amounted to $81,352 and $171,735, respectively. For the three and nine months ended September 30, 2025, impairment of intangible assets amounted to $146,001. There were no impairment charges during the three and nine months ended September 30, 2024. As of December 31, 2024, intangible assets subject to amortization consisted of the following:
|  | December 31, 2024 |
|  | Amortization period (years) |  | Gross Amount |  |  | Accumulated Amortization |  |  | Net finite intangible assets |
Customer relationships |  | 5 |  | $ | 388,000 |  |  | $ | (183,819 | ) |  | $ | 204,181 |
Contractual employment agreements |  | 3 |  |  | 310,000 |  |  |  | (271,337 | ) |  |  | 38,663 |
Acquired capitalized internal-use software development costs |  | 3 |  |  | 918,213 |  |  |  | (72,412 | ) |  |  | 845,801 |
Amortization of intangible assets |  |  |  | $ | 1,616,213 |  |  | $ | (428,068 | ) |  | $ | 1,088,645 |
For the year ended December 31, 2024 amortization of intangible assets amounted to $271,235. Amortization of intangible assets with finite lives attributable to future periods is as follows: SCHEDULE OF AMORTIZATION OF INTANGIBLE ASSETS
Year ending December 31: |  | Amount |
2025 (three months ended December 31, 2025) |  | $ | 65,656 |
2026 |  |  | 225,971 |
2027 |  |  | 225,971 |
2028 |  |  | 225,971 |
2029 |  |  | 160,126 |
Total |  | $ | 903,695 |
Goodwill On September 30, 2025 and December 31, 2024, goodwill consisted of the following: SCHEDULE OF GOODWILL
|  | September 30, 2025 |  |  | December 31, 2024 |
Safe-Pro USA |  | $ | - |  |  | $ | 518,255 |
Airborne Response |  |  | - |  |  |  | 166,612 |
Total goodwill |  | $ | - |  |  | $ | 684,867 |
For the three and nine months ended September 30, 2025, impairment of goodwill amounted to $684,867.

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

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration