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Balance Sheets (Tables) | 9 Months Ended
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Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of Accounts Receivable, Net | As of September 30, 2024 and December 31, 2023, accounts receivable, net consist of the following: Schedule of Accounts Receivable, Net
|  | September 30, 2024 |  |  | December 31, 2023 |
Accounts receivable |  | $ | 2,156,425 |  |  | $ | 2,216,235 |
Less: Allowance for credit losses* |  |  | — |  |  |  | (158,689 | )
Accounts receivable, net |  | $ | 2,156,425 |  |  | $ | 2,057,546 |
* | Allowance for credit losses - Accounts receivable, net represent amounts billed and due from customers. Substantially all accounts receivable on September 30, 2024 are expected to be collected in 2024.
Schedule of Inventories | As of September 30, 2024 and December 31, 2023, inventories, net consist of the following: Schedule of Inventories
|  | September 30, 2024 |  |  | December 31, 2023 |
Raw materials |  | $ | 3,695,961 |  |  | $ | 4,648,966 |
Work in process |  |  | 957,346 |  |  |  | 903,217 |
Finished goods |  |  | 1,629,947 |  |  |  | 1,806,239 |
Gross inventories |  |  | 6,283,254 |  |  |  | 7,358,422 |
Less: Provision for obsolescence |  |  | (397,896 | ) |  |  | (421,442 | )
Inventories, net |  | $ | 5,885,358 |  |  | $ | 6,936,980 |
Schedule of Prepaid and Other Current Assets | As of September 30, 2024 and December 31, 2023, prepaid and other current assets consist of the following: Schedule of Prepaid and Other Current Assets
|  | September 30, 2024 |  |  | December 31, 2023 |
Prepaid inventories |  | $ | 125,801 |  |  | $ | 12,738 |
Prepaid software licenses and annual fees |  |  | 113,858 |  |  |  | 182,510 |
Prepaid rent |  |  | 48,993 |  |  |  | 51,497 |
Prepaid insurance |  |  | 74,374 |  |  |  | 166,210 |
Prepaid value-added tax charges |  |  | 98,512 |  |  |  | 63,209 |
Prepaid other and other current assets |  |  | 50,945 |  |  |  | 72,397 |
Prepaid and other current assets |  | $ | 512,483 |  |  | $ | 548,561 |
Schedule of Property and Equipment, Net | As of September 30, 2024 and December 31, 2023, property and equipment, net consist of the following: Schedule of Property and Equipment, Net
Type |  | Useful Life (Years) |  |  | September 30, 2024 |  |  | December 31, 2023 |
|  | Estimated |  |  |  |  |  |  |
Type |  | Useful Life (Years) |  |  | September 30, 2024 |  |  | December 31, 2023 |
Leasehold improvements |  |  | 3 |  |  | $ | 89,272 |  |  | $ | 136,382 |
Production tools and equipment |  |  | 5 |  |  |  | 912,052 |  |  |  | 1,003,726 |
Computer and office equipment |  |  | 3-5 |  |  |  | 376,863 |  |  |  | 407,747 |
Furniture |  |  | 5 |  |  |  | 59,712 |  |  |  | 74,420 |
Drone equipment |  |  | 3 |  |  |  | 130,163 |  |  |  | 170,109 |
Total property and equipment |  |  |  |  |  |  | 1,568,062 |  |  |  | 1,792,384 |
Less: Accumulated depreciation |  |  |  |  |  |  | (1,023,134 | ) |  |  | (992,492 | )
Total Property and equipment, net |  |  |  |  |  | $ | 544,928 |  |  | $ | 799,892 |
Schedule of Intangible Assets, Net | As of September 30, 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 September 30, 2024 |
Intellectual property/technology |  |  | 5-7 |  |  | $ | 606,354 |  |  | $ | — |  |  | $ | (111,371 | ) |  | $ | 494,983 |
Customer base |  |  | 3-10 |  |  |  | 999,774 |  |  |  | — |  |  |  | (105,858 | ) |  |  | 893,916 |
Trade names and trademarks |  |  | 5-10 |  |  |  | 427,005 |  |  |  | — |  |  |  | (45,212 | ) |  |  | 381,793 |
Internal use software costs |  |  | 3 |  |  |  | 582,148 |  |  |  | 72,102 |  |  |  | (283,465 | ) |  |  | 370,785 |
Total intangibles assets, net |  |  |  |  |  | $ | 2,615,281 |  |  | $ | 72,102 |  |  | $ | (545,906 | ) |  | $ | 2,141,477 |
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 |  | $ | 37,124 |  |  | $ | 148,495 |  |  | $ | 148,495 |  |  | $ | 148,495 |  |  | $ | 12,374 |  |  | $ | — |  |  | $ | 494,983 |
Customer base |  |  | 35,286 |  |  |  | 141,145 |  |  |  | 141,145 |  |  |  | 141,145 |  |  |  | 141,145 |  |  |  | 294,050 |  |  |  | 893,916 |
Trade names and trademarks |  |  | 15,071 |  |  |  | 60,283 |  |  |  | 60,283 |  |  |  | 60,283 |  |  |  | 60,283 |  |  |  | 125,590 |  |  |  | 381,793 |
Internal use software costs |  |  | 97,061 |  |  |  | 215,286 |  |  |  | 48,523 |  |  |  | 9,915 |  |  |  | — |  |  |  | — |  |  |  | 370,785 |
Total intangible assets, net |  | $ | 184,542 |  |  | $ | 565,209 |  |  | $ | 398,446 |  |  | $ | 359,838 |  |  | $ | 213,802 |  |  | $ | 419,640 |  |  | $ | 2,141,477 |
Schedule of Accrued Liabilities | As of September 30, 2024 and December 31, 2023, accrued liabilities consist of the following: Schedule of Accrued Liabilities
|  | September 30, 2024 |  |  | December 31, 2023 |
Accrued purchases |  | $ | — |  |  | $ | 290,126 |
Accrued compensation and related liabilities |  |  | 724,168 |  |  |  | 278,794 |
Provision for warranty expense |  |  | 308,216 |  |  |  | 303,217 |
Accrued dividends |  |  | 671,089 |  |  |  | 512,227 |
Accrued professional fees |  |  | 180,852 |  |  |  | 211,086 |
Accrued interest |  |  | 108,446 |  |  |  | 326,945 |
Other |  |  | 21,456 |  |  |  | 21,957 |
Total accrued liabilities |  | $ | 2,014,227 |  |  | $ | 1,944,352 |

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