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Balance Sheets (Tables) | 3 Months Ended
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Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of Accounts Receivable, Net | As of March 31, 2024 and December 31, 2023, accounts receivable, net consist of the following: Schedule of Accounts Receivable, Net
|  | March 31, 2024 |  |  | December 31, 2023 |
Accounts receivable |  | $ | 1,474,539 |  |  | $ | 2,216,235 |
Less: Allowance for credit losses* |  |  | (123,184 | ) |  |  | (158,689 | )
Accounts receivable, net |  | $ | 1,351,355 |  |  | $ | 2,057,546 |
* | Allowance for credit losses - Accounts receivable, net represent amounts billed and due from customers. Substantially all accounts receivable on March 31, 2024 are expected to be collected in 2024.
Schedule of Inventories | As of March 31, 2024 and December 31, 2023, inventories, net consist of the following: Schedule of Inventories
|  | March 31, 2024 |  |  | December 31,2023 |
Raw materials |  | $ | 4,319,010 |  |  | $ | 4,648,966 |
Work in process |  |  | 838,374 |  |  |  | 903,217 |
Finished goods |  |  | 1,653,575 |  |  |  | 1,806,239 |
Gross inventories |  |  | 6,810,959 |  |  |  | 7,358,422 |
Less: Provision for obsolescence |  |  | (372,753 | ) |  |  | (421,442 | )
Inventories, net |  | $ | 6,438,206 |  |  | $ | 6,936,980 |
Schedule of Prepaid and Other Current Assets | As of March 31, 2024 and December 31, 2023, prepaid and other current assets consist of the following: Schedule of Prepaid and Other Current Assets
|  | March 31, 2024 |  |  | December 31, 2023 |
Prepaid inventories |  | $ | 155,482 |  |  | $ | 12,738 |
Prepaid software licenses and annual fees |  |  | 245,442 |  |  |  | 182,510 |
Prepaid rent |  |  | 92,578 |  |  |  | 51,497 |
Prepaid insurance |  |  | 52,847 |  |  |  | 166,210 |
Prepaid value-added tax charges |  |  | 54,552 |  |  |  | 63,209 |
Prepaid other and other current assets |  |  | 119,744 |  |  |  | 72,397 |
Prepaid and other current assets |  | $ | 720,645 |  |  | $ | 548,561 |
Schedule of Property and Equipment, Net | As of March 31, 2024 and December 31, 2023, property and equipment, net consist of the following: Schedule of Property and Equipment, Net
|  | Estimated |  |  |  |  |  |  |
Type |  | Useful Life (Years) |  |  | March 31, 2024 |  |  | December 31, 2023 |
Leasehold improvements |  |  | 3 |  |  | $ | 89,272 |  |  | $ | 136,382 |
Production tools and equipment |  |  | 5 |  |  |  | 892,527 |  |  |  | 1,003,726 |
Computer and office equipment |  |  | 3-5 |  |  |  | 356,256 |  |  |  | 407,747 |
Furniture |  |  | 5 |  |  |  | 58,843 |  |  |  | 74,420 |
Drone equipment |  |  | 3 |  |  |  | 130,163 |  |  |  | 170,109 |
Total Property and equipment |  |  |  |  |  |  | 1,527,061 |  |  |  | 1,792,384 |
Less: Accumulated depreciation |  |  |  |  |  |  | (860,909 | ) |  |  | (992,492 | )
Total: Property and equipment, net |  |  |  |  |  | $ | 666,152 |  |  | $ | 799,892 |
Schedule of Intangible Assets, Net | As of March 31, 2024 and December 31, 2023, intangible assets, net, other than goodwill, consist of following: Schedule of Intangible Assets, Net
Name |  | Estimated Life (Years) |  |  | Balance as of December 31, 2023 |  |  | Additions |  |  | Amortization |  |  | Balance as of March 31, 2024 |
Intellectual property/technology |  |  | 5-7 |  |  | $ | 606,354 |  |  | $ | — |  |  | $ | (37,124 | ) |  | $ | 569,230 |
Customer base |  |  | 3-10 |  |  |  | 999,774 |  |  |  | — |  |  |  | (35,286 | ) |  |  | 964,488 |
Trade names and trademarks |  |  | 5-10 |  |  |  | 427,005 |  |  |  | — |  |  |  | (15,071 | ) |  |  | 411,934 |
Internal use software costs |  |  | 3 |  |  |  | 582,148 |  |  |  | 20,683 |  |  |  | (91,891 | ) |  |  | 510,940 |
Total intangibles assets, net |  |  |  |  |  | $ | 2,615,281 |  |  | $ | 20,683 |  |  | $ | (179,372 | ) |  | $ | 2,456,592 |
Schedule of Intangible Assets Future Amortization Expenses | For the following years ending, the future amortization expense consists of the following: Schedule of Intangible Assets Future Amortization Expenses
|  |  | (Rest of year) 2024 |  |  |  | 2025 |  |  |  | 2026 |  |  |  | 2027 |  |  |  | 2028 |  |  |  | Thereafter |  |  |  | Total |
|  | For the Years Ending December 31, |
|  | (rest of year) 2024 |  |  | 2025 |  |  | 2026 |  |  | 2027 |  |  | 2028 |  |  | Thereafter |  |  | Total |
Intellectual property/technology |  | $ | 111,371 |  |  | $ | 148,495 |  |  | $ | 148,495 |  |  | $ | 148,495 |  |  | $ | 12,374 |  |  | $ | — |  |  | $ | 569,230 |
Customer base |  |  | 105,859 |  |  |  | 141,145 |  |  |  | 141,145 |  |  |  | 141,145 |  |  |  | 141,145 |  |  |  | 294,049 |  |  |  | 964,488 |
Trade names and trademarks |  |  | 45,215 |  |  |  | 60,283 |  |  |  | 60,283 |  |  |  | 60,283 |  |  |  | 60,283 |  |  |  | 125,587 |  |  |  | 411,934 |
Internal use software costs |  |  | 281,988 |  |  |  | 198,146 |  |  |  | 30,806 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 510,940 |
Total intangible assets, net |  | $ | 544,433 |  |  | $ | 548,069 |  |  | $ | 380,729 |  |  | $ | 349,923 |  |  | $ | 213,802 |  |  | $ | 419,636 |  |  | $ | 2,456,592 |
Schedule of Accrued Liabilities | As of March 31, 2024 and December 31, 2023, accrued liabilities consist of the following: Schedule of Accrued Liabilities
|  | March 31, 2024 |  |  | December 31, 2023 |
Accrued purchases |  | $ | — |  |  | $ | 290,126 |
Accrued compensation and related liabilities |  |  | 379,119 |  |  |  | 278,794 |
Provision for warranty expense |  |  | 286,818 |  |  |  | 303,217 |
Accrued dividends |  |  | 573,462 |  |  |  | 512,227 |
Accrued professional fees |  |  | 352,459 |  |  |  | 211,086 |
Accrued interest |  |  | 82,558 |  |  |  | 326,945 |
Other |  |  | 16,224 |  |  |  | 21,957 |
Total accrued liabilities |  | $ | 1,690,640 |  |  | $ | 1,944,352 |

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