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SEGMENT REPORTING
 9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
SEGMENT REPORTING

NOTE 13 – SEGMENT REPORTING

 

During the three and nine months ended September 30, 2025 and 2024, the Company operated in three reportable business segments which consisted of (1) the business of Safe-Pro USA, (2) the business of Airborne Response, and (3) the business of Safe Pro AI. The Company’s reportable segments are strategic business units that offer different products. They are managed separately based on the fundamental differences in their operations and locations.

 

 

SAFE PRO GROUP INC. AND SUBSIDIARIES
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2025 AND 2024
(unaudited)

 

Information with respect to these reportable business segments for the three and nine months ending September 30, 2025 and 2024 was as follows:

 

                 
   For the Three Months Ended
September 30,		   For the Nine Months Ended
September 30,		 
   2025   2024   2025   2024 
Revenues:                    
Safe-Pro USA  $81,142   $98,637   $270,490   $751,031 
Airborne Response   20,280    227,745    39,157    525,992 
Safe Pro AI   -    4,375    69,330    4,375 
Revenues   101,422    330,756    378,977    1,281,399 
Depreciation and amortization:                    
Safe-Pro USA   14,555    27,577    65,412    82,125 
Airborne Response   25,089    35,001    83,449    102,705 
Safe Pro AI   52,382    36,631    155,698    36,701 
Other (a)   425    366    1,201    1,099 
Depreciation and amortization   92,451    99,576    305,760    222,630 
Interest expense:                    
Safe-Pro USA   1,644    1,647    4,461    5,154 
Airborne Response   531    587    755    587 
Safe Pro AI   -    -    -    - 
Other (b)   1,078    151,231    2,975    298,816 
Interest expense   3,253    153,464    8,190    304,556 
                     
Net (loss) income:                    
Safe-Pro USA   (612,967)   (104,938)   (778,959)   (175,109)
Airborne Response   (414,679)   (73,504)   (688,507)   (358,488)
Safe Pro AI   (3,528,573)   (226,893)   (773,089)   (313,420)
Other   (454,139)   (3,280,122)   (8,649,379)   (5,197,222)
Net (loss) income  $(5,010,358)  $(3,685,456)  $(10,889,934)  $(6,044,239)

 

(a) Depreciation is recorded in Safe-Pro USA, Airborne Response and Safe Pro AI in cost of sales on the Company’s condensed consolidated unaudited statement of operations in cost of sales and has been described above, separately.
   
(b) The Company does not allocate financing expenses of its holding company activities to its reportable segments, because these activities are managed at the corporate level. See interest expense other (b) in the above table.

 

  

September 30, 2025

  

December 31, 2024

 
Identifiable long-lived tangible assets, net by segment:          
Safe-Pro USA  $181,126   $217,134 
Airborne Response   62,623    71,444 
Safe Pro AI   30,129    22,143 
Other (a)   7,772    4,160 
Long lived tangible assets  $281,650   $314,881 

 

 

SAFE PRO GROUP INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2025 AND 2024

(unaudited)