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Intangible Assets, Net | 12 Months Ended
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Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets, Net | Note 5 – Intangible Assets, Net As of December 31, 2023, intangible assets, net, other than goodwill, consist of following: Schedule of Intangible Assets, Net Other Than Goodwill
Name |  | Estimated Life (Years) |  |  | Balance as of December 31, 2022 |  |  | Additions |  |  | Amortization |  |  | Impairment |  |  | Balance as of December 31, 2023 |
Intellectual property/technology |  |  | 5-7 |  |  | $ | 4,473,861 |  |  | $ | — |  |  | $ | (808,968 | ) |  | $ | (3,058,539 | ) |  | $ | 606,354 |
Customer base |  |  | 3-10 |  |  |  | 2,885,657 |  |  |  | — |  |  |  | (1,137,663 | ) |  |  | (748,220 | ) |  |  | 999,774 |
Tradenames and trademarks |  |  | 5-10 |  |  |  | 1,757,891 |  |  |  | — |  |  |  | (207,944 | ) |  |  | (1,122,942 | ) |  |  | 427,005 |
Non-compete agreement |  |  | — |  |  |  | 335,933 |  |  |  | — |  |  |  | (335,933 | ) |  |  | — |  |  |  | — |
Platform development costs |  |  | — |  |  |  | 1,332,516 |  |  |  | 357,724 |  |  |  | (720,634 | ) |  |  | (969,606 | ) |  |  | — |
Internal use software costs |  |  | 3 |  |  |  | 721,795 |  |  |  | 203,889 |  |  |  | (343,536 | ) |  |  | — |  |  |  | 582,148 |
Total intangible assets, net |  |  |  |  |  | $ | 11,507,653 |  |  | $ | 561,613 |  |  | $ | (3,554,678 | ) |  | $ | (5,899,307 | ) |  | $ | 2,615,281 |
As of December 31, 2023, the gross carrying intangible assets, accumulated amortization, impairments, and net book value, consist of following: Schedule of Gross Carrying Intangible Assets
Name |  | Weighted Average Estimated Used Life (Years) |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Impairment |  |  | Net Book Value as of December 31, 2023 |
Intellectual property/technology |  |  | 4.25 |  |  | $ | 5,671,026 |  |  | $ | (2,006,133 | ) |  | $ | (3,058,539 | ) |  | $ | 606,354 |
Customer base |  |  | 7.17 |  |  |  | 4,411,499 |  |  |  | (2,663,505 | ) |  |  | (748,220 | ) |  |  | 999,774 |
Tradenames and trademarks |  |  | 7.17 |  |  |  | 2,082,338 |  |  |  | (532,391 | ) |  |  | (1,122,942 | ) |  |  | 427,005 |
Non-compete agreement |  |  | — |  |  |  | 901,198 |  |  |  | (901,198 | ) |  |  | — |  |  |  | — |
Platform development costs |  |  | — |  |  |  | 2,345,459 |  |  |  | (1,375,853 | ) |  |  | (969,606 | ) |  |  | — |
Internal use software costs |  |  | 2.34 |  |  |  | 1,100,212 |  |  |  | (518,064 | ) |  |  | — |  |  |  | 582,148 |
Total intangible assets, net |  |  | 3.42 |  |  | $ | 16,511,732 |  |  | $ | (7,997,144 | ) |  | $ | (5,899,307 | ) |  | $ | 2,615,281 |
As of December 31, 2022, intangible assets, net, other than goodwill, consist of the following:
Name |  | Estimated Life (Years) |  |  | Balance as of December 31, 2021 |  |  | Additions |  |  | Amortization |  |  | Balance as of December 31, 2022 |
Intellectual property/technology |  | 5-7 |  |  | $ | 5,427,294 |  |  | $ | — |  |  | $ | (953,433 | ) |  | $ | 4,473,861 |
Customer base |  | 3-10 |  |  |  | 4,047,319 |  |  |  | — |  |  |  | (1,161,662 | ) |  |  | 2,885,657 |
Trade names and trademarks |  | 5-10 |  |  |  | 1,985,236 |  |  |  | — |  |  |  | (227,345 | ) |  |  | 1,757,891 |
Non-compete agreement |  | 2-4 |  |  |  | 831,501 |  |  |  | — |  |  |  | (495,568 | ) |  |  | 335,933 |
Platform development costs |  |  | 3 |  |  |  | 995,880 |  |  |  | 817,029 |  |  |  | (480,393 | ) |  |  | 1,332,516 |
Internal use software costs |  |  | 3 |  |  |  | 278,264 |  |  |  | 618,061 |  |  |  | (174,530 | ) |  |  | 721,795 |
Total intangible assets, net |  |  |  |  |  | $ | 13,565,494 |  |  | $ | 1,435,090 |  |  | $ | (3,492,931 | ) |  | $ | 11,507,653 |
As of December 31, 2022, the gross carrying intangible assets, accumulated amortization, impairments, and net book value, consist of following:
Name |  | Weighted Average Estimated Used Life (Years) |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Impairment |  |  | Net Book Value as of December 31, 2022 |
Intellectual property/technology |  |  | 5.99 |  |  | $ | 5,671,026 |  |  | $ | (1,197,165 | ) |  | $ | — |  |  | $ | 4,473,861 |
Customer base |  |  | 8.17 |  |  |  | 4,411,499 |  |  |  | (1,525,842 | ) |  |  |  |  |  |  | 2,885,657 |
Tradenames and trademarks |  |  | 8.17 |  |  |  | 2,082,338 |  |  |  | (324,447 | ) |  |  | — |  |  |  | 1,757,891 |
Non-compete agreement |  |  | 0.68 |  |  |  | 901,198 |  |  |  | (565,265 | ) |  |  | — |  |  |  | 335,933 |
Platform development costs |  |  | 2.97 |  |  |  | 1,987,735 |  |  |  | (655,219 | ) |  |  | — |  |  |  | 1,332,516 |
Internal use software costs |  |  | 2.97 |  |  |  | 896,325 |  |  |  | (174,530 | ) |  |  |  |  |  |  | 721,795 |
Total intangible assets, net |  |  | 4.75 |  |  | $ | 15,950,121 |  |  | $ | (4,442,468 | ) |  | $ | — |  |  | $ | 11,507,653 |
As of December 31, 2023 and 2022 the weighted average remaining amortization period in years was 3.42 and 4.75 years, respectively. Amortization expense for the years ended December 31, 2023 and 2022 was $3,554,678 and $3,492,931, respectively. For the year ended December 31, 2023 and 2022, amortization expense of $720,635 and 480,393 related to the platform development costs was included as part of the cost of goods sold. The annual intangible impairment conducted during the fourth quarter of 2023 indicated that the fair value of the SaaS and the Company’s Drones reporting units were less than carrying value. Accordingly, the Company recorded an impairment charge to SaaS and Drones units for $2,398,618 and $3,500,689, respectively, which is included in “Impairment” on the accompanying consolidated statements of operations and comprehensive loss. AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022 Note 5 – Intangible Assets, Net- Continued For the following years ending, the future amortization expenses consist of the following: Schedule of Intangible Assets Future Amortization Expenses
|  | 2024 |  |  | 2025 |  |  | 2026 |  |  | 2027 |  |  | 2028 |  |  | Thereafter |  |  | Total |
|  | For the Years Ending December 31, |
|  | 2024 |  |  | 2025 |  |  | 2026 |  |  | 2027 |  |  | 2028 |  |  | Thereafter |  |  | Total |
Intellectual property/ technology |  | $ | 148,495 |  |  | $ | 148,495 |  |  | $ | 148,495 |  |  | $ | 148,495 |  |  | $ | 12,374 |  |  | $ | — |  |  | $ | 606,354 |
Customer base |  |  | 141,145 |  |  |  | 141,145 |  |  |  | 141,145 |  |  |  | 141,145 |  |  |  | 141,145 |  |  |  | 294,049 |  |  |  | 999,774 |
Trade names and trademarks |  |  | 60,283 |  |  |  | 60,286 |  |  |  | 60,283 |  |  |  | 60,283 |  |  |  | 60,283 |  |  |  | 125,587 |  |  |  | 427,005 |
Internal use software costs |  |  | 366,984 |  |  |  | 191,249 |  |  |  | 23,915 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 582,148 |
Total Intangible Assets, Net |  | $ | 716,907 |  |  | $ | 541,175 |  |  | $ | 373,838 |  |  | $ | 349,923 |  |  | $ | 213,802 |  |  | $ | 419,636 |  |  | $ | 2,615,281 |

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350-30/tableOfContent + Details
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