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Segment Information | 12 Months Ended
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Dec. 31, 2023
Segment Reporting [Abstract] |
Segment Information | Note 16 – Segment Information The Company conducts the business through the following three operating segments: Drones, Sensors and SaaS. The accounting policies of the operating segments are the same as those described in Note 2. Non-allocated administrative and other expenses are reflected in Corporate. Corporate assets include cash, prepaid expenses, notes receivable, right of use asset and other assets. As of December 31, 2023 and 2022 and for the years then ended, operating information about the Company’s reportable segments consisted of the following: Goodwill and Assets Schedule of Goodwill and Assets
|  | Corporate |  |  | Drones |  |  | Sensors |  |  | SaaS |  |  | Total |
As of December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill |  | $ | — |  |  | $ | — |  |  | $ | 7,402,644 |  |  | $ | — |  |  | $ | 7,402,644 |
Assets |  | $ | 1,148,638 |  |  | $ | 8,666,641 |  |  | $ | 15,260,263 |  |  | $ | 80,359 |  |  | $ | 25,155,901 |
As of December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill |  | $ | — |  |  | $ | — |  |  | $ | 18,972,896 |  |  | $ | 4,206,515 |  |  | $ | 23,179,411 |
Assets |  | $ | 4,785,643 |  |  | $ | 14,930,789 |  |  | $ | 26,081,788 |  |  | $ | 8,386,654 |  |  | $ | 54,184,874 |
AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022 Note 16 – Segment Information- Continued Net (Loss) Income Schedule of Net (Loss) Income
|  | Corporate |  |  | Drones |  |  | Sensors |  |  | SaaS |  |  | Total |
Year ended December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | — |  |  | $ | 6,197,049 |  |  | $ | 7,100,419 |  |  | $ | 443,930 |  |  | $ | 13,741,398 |
Cost of sales |  |  | — |  |  |  | 3,770,886 |  |  |  | 3,439,350 |  |  |  | 1,067,922 |  |  |  | 8,278,158 |
Loss from operations (1)(2) |  | $ | (7,429,783 | ) |  | $ | (9,287,814 | ) |  | $ | (15,487,428 | ) |  | $ | (6,945,087 | ) |  | $ | (39,150,112 | )
Other income (expense), net |  |  | (2,060,844 | ) |  |  | (211,698 | ) |  |  | (998,580 | ) |  |  | (503 | ) |  |  | (3,271,625 | )
Net loss |  | $ | (9,490,627 | ) |  | $ | (9,499,512 | ) |  | $ | (16,486,008 | ) |  | $ | (6,945,590 | ) |  | $ | (42,421,737 | )
Year ended December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | — |  |  | $ | 9,840,321 |  |  | $ | 8,655,434 |  |  | $ | 598,670 |  |  | $ | 19,094,425 |
Cost of sales |  |  | — |  |  |  | 4,762,888 |  |  |  | 5,086,993 |  |  |  | 1,026,427 |  |  |  | 10,876,308 |
Loss from operations (3) |  | $ | (10,177,362 | ) |  | $ | (22,004,223 | ) |  | $ | 10,958 |  |  | $ | (32,106,210 | ) |  | $ | (64,276,837 | )
Other income (expense), net |  |  | 6,416,717 |  |  |  | (356,095 | ) |  |  | (30,893 | ) |  |  | (6,615 | ) |  |  | 6,023,114 |
Net loss |  | $ | (3,760,645 | ) |  | $ | (22,360,318 | ) |  | $ | (19,935 | ) |  | $ | (32,112,825 | ) |  | $ | (58,253,723 | )
(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.
Revenues by Geographic Area Schedule of Geographical Revenues
|  | Drones |  |  | Sensors |  |  | SaaS |  |  | Total |
Year ended December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 2,169,983 |  |  | $ | 2,655,443 |  |  | $ | 407,490 |  |  | $ | 5,232,916 |
Latin America |  |  | 1,571,956 |  |  |  | 256,524 |  |  |  | 28,671 |  |  |  | 1,857,151 |
Europe, Middle East and Africa |  |  | 2,183,763 |  |  |  | 2,957,644 |  |  |  | 1,254 |  |  |  | 5,142,661 |
Asia Pacific |  |  | 271,347 |  |  |  | 1,117,485 |  |  |  | 6,515 |  |  |  | 1,395,347 |
Other |  |  | — |  |  |  | 113,323 |  |  |  | — |  |  |  | 113,323 |
Total |  | $ | 6,197,049 |  |  | $ | 7,100,419 |  |  | $ | 443,930 |  |  | $ | 13,741,398 |
Year ended December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 5,320,034 |  |  | $ | 3,173,347 |  |  | $ | 598,670 |  |  | $ | 9,092,051 |
Europe, Middle East and Africa |  |  | 3,537,463 |  |  |  | 3,309,039 |  |  |  | — |  |  |  | 6,846,502 |
Asia Pacific |  |  | 982,824 |  |  |  | 1,756,253 |  |  |  | — |  |  |  | 2,739,077 |
Other |  |  | — |  |  |  | 416,795 |  |  |  | — |  |  |  | 416,795 |
Total |  | $ | 9,840,321 |  |  | $ | 8,655,434 |  |  | $ | 598,670 |  |  | $ | 19,094,425 |
AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022

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