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Consolidated Statements of Operations and Comprehensive Loss - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Income Statement [Abstract]    
Revenues $ 13,741,398 $ 19,094,425
Cost of sales 8,278,158 10,876,308
Gross Profit 5,463,240 8,218,117
Operating Expenses:    
General and administrative 13,602,791 17,757,708
Research and development 5,523,541 8,113,774
Sales and marketing 3,731,660 4,935,601
Impairment 21,755,360 41,687,871
Total Operating Expenses 44,613,352 72,494,954
Loss from Operations (39,150,112) [1],[2] (64,276,837) [3]
Other Income (Expense):    
Interest expense, net (948,564) (59,785)
Gain (loss) on debt extinguishment (1,933,368) 6,463,101
Loss on disposal of fixed assets (25,960)
Other expense, net (389,693) (354,242)
Total Other Income (Expense), net (3,271,625) 6,023,114
Net Loss Before Provision for Income Taxes (42,421,737) (58,253,723)
Provision for income taxes
Net loss attributable to common stockholders $ (42,421,737) $ (58,253,723)
Net Loss Per Common Share - Basic [4] $ (8.04) $ (13.97)
Net Loss Per Common Share - Diluted [4] $ (8.04) $ (13.97)
Weighted Average Number of Shares Outstanding During the Period - Basic [4] 5,279,595 4,168,521
Weighted Average Number of Shares Outstanding During the Period - Diluted [4] 5,279,595 4,168,521
Comprehensive Income (Loss):    
Net loss attributable to common stockholders $ (42,421,737) $ (58,253,723)
Amortization of unrecognized periodic pension costs (244,323) 135,439
Foreign currency cumulative translation adjustment 340,543 (54,762)
Total comprehensive loss, net of tax (42,325,517) (58,173,046)
Accrued dividends on Series F Preferred Stock (339,631) (172,596)
Deemed dividends on Series F Preferred Stock (11,607,910) (2,245,377)
Total comprehensive loss available to common stockholders $ (54,273,058) $ (60,591,019)
[1] Includes goodwill impairment $15,776,767 for the Sensor and SaaS reporting segments.
[2] Includes intangible impairment $5,899,307 for the Drones and SaaS reporting segments.
[3] Includes goodwill impairment $41,687,871 for the Drones and SaaS reporting segments.
[4] Adjusted for the effect of a reverse stock split that was effective February 9, 2024 (see Note 17)