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v3.24.3

Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2024
Segment Reporting [Abstract] |
Schedule of Goodwill and Assets | As of September 30, 2024 and December 31, 2023, and for the three and nine months ended September 30, 2024 and 2023, respectively, 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 September 30, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill |  | $ | — |  |  | $ | — |  |  | $ | 7,402,644 |  |  | $ | — |  |  | $ | 7,402,644 |
Assets |  | $ | 644,089 |  |  | $ | 8,217,999 |  |  | $ | 13,131,603 |  |  | $ | 44,176 |  |  | $ | 22,037,867 |
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 |
Schedule of Net (Loss) Income | Schedule of Net (Loss) Income
|  | Corporate |  |  | Drones |  |  | Sensors |  |  | SaaS |  |  | Total |
Three Months Ended September 30, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | — |  |  | $ | 2,146,151 |  |  | $ | 1,070,396 |  |  | $ | 68,437 |  |  | $ | 3,284,984 |
Cost of sales |  |  | — |  |  |  | 968,869 |  |  |  | 627,279 |  |  |  | 54,569 |  |  |  | 1,650,717 |
Loss from operations |  |  | (681,253 | ) |  |  | (723,903 | ) |  |  | (186,215 | ) |  |  | (269,789 | ) |  |  | (1,861,160 | )
Other income (expense), net |  |  | (1,549,866 | ) |  |  | (48,728 | ) |  |  | — |  |  |  | — |  |  |  | (1,598,594 | )
Net loss |  | $ | (2,231,119 | ) |  | $ | (772,631 | ) |  | $ | (186,215 | ) |  | $ | (269,789 | ) |  | $ | (3,459,754 | )
Three Months Ended September 30, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | — |  |  | $ | 1,627,177 |  |  | $ | 1,755,712 |  |  | $ | 101,043 |  |  | $ | 3,483,932 |
Cost of sales |  |  | — |  |  |  | 990,413 |  |  |  | 990,457 |  |  |  | 288,988 |  |  |  | 2,269,858 |
Income (loss) from operations |  |  | (3,229,837 | ) |  |  | (2,288,870 | ) |  |  | 168,820 |  |  |  | (640,226 | ) |  |  | (5,990,113 | )
Other income (expense), net |  |  | (2,063,936 | ) |  |  | 35,322 |  |  |  | (960 | ) |  |  | (441 | ) |  |  | (2,030,015 | )
Net income (loss) |  | $ | (5,293,773 | ) |  | $ | (2,253,548 | ) |  | $ | 167,860 |  |  | $ | (640,667 | ) |  | $ | (8,020,128 | )
|  | Corporate |  |  | Drones |  |  | Sensors |  |  | SaaS |  |  | Total |
Nine Months Ended September 30, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | — |  |  | $ | 4,644,177 |  |  | $ | 5,656,471 |  |  | $ | 271,321 |  |  | $ | 10,571,969 |
Cost of sales |  |  | — |  |  |  | 2,343,923 |  |  |  | 2,855,984 |  |  |  | 228,798 |  |  |  | 5,428,705 |
Income (loss) from operations |  |  | (2,560,847 | ) |  |  | (4,189,049 | ) |  |  | 974,697 |  |  |  | (1,020,316 | ) |  |  | (6,795,515 | )
Other income (expense), net |  |  | (5,859,141 | ) |  |  | (36,408 | ) |  |  | (13,985 | ) |  |  | — |  |  |  | (5,909,534 | )
Net income (loss) |  | $ | (8,419,988 | ) |  | $ | (4,225,457 | ) |  | $ | 960,712 |  |  | $ | (1,020,316 | ) |  | $ | (12,705,049 | )
Nine Months Ended September 30, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | — |  |  | $ | 4,861,260 |  |  | $ | 5,610,764 |  |  | $ | 347,189 |  |  | $ | 10,819,213 |
Cost of sales |  |  | — |  |  |  | 2,580,305 |  |  |  | 3,213,058 |  |  |  | 801,610 |  |  |  | 6,594,973 |
Income (loss) from operations |  |  | (7,240,686 | ) |  |  | (6,626,668 | ) |  |  | 328,404 |  |  |  | (1,484,110 | ) |  |  | (15,023,060 | )
Other expense, net |  |  | (2,559,654 | ) |  |  | (326,032 | ) |  |  | (960 | ) |  |  | (504 | ) |  |  | (2,887,150 | )
Net income (loss) |  | $ | (9,800,340 | ) |  | $ | (6,952,700 | ) |  | $ | 327,444 |  |  | $ | (1,484,614 | ) |  | $ | (17,910,210 | )
Schedule of Geographical Revenues | Schedule of Geographical Revenues
|  | Drones |  |  | Sensors |  |  | SaaS |  |  | Total |
Three Months Ended September 30, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 338,685 |  |  | $ | 290,642 |  |  | $ | 68,437 |  |  | $ | 697,764 |
Latin America |  |  | 131,117 |  |  |  | 40,912 |  |  |  | — |  |  |  | 172,029 |
Europe, Middle East and Africa |  |  | 1,659,481 |  |  |  | 321,382 |  |  |  | — |  |  |  | 1,980,863 |
Asia Pacific |  |  | 16,868 |  |  |  | 367,896 |  |  |  | — |  |  |  | 384,764 |
Other |  |  | — |  |  |  | 49,564 |  |  |  | — |  |  |  | 49,564 |
Total |  | $ | 2,146,151 |  |  | $ | 1,070,396 |  |  | $ | 68,437 |  |  | $ | 3,284,984 |
|  | Drones |  |  | Sensors |  |  | SaaS |  |  | Total |
Three Months Ended September 30, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 547,012 |  |  | $ | 570,170 |  |  | $ | 57,447 |  |  | $ | 1,174,629 |
Latin America |  |  | 383,232 |  |  |  | 80,873 |  |  |  | 38,196 |  |  |  | 502,301 |
Europe, Middle East and Africa |  |  | 628,768 |  |  |  | 752,583 |  |  |  | 661 |  |  |  | 1,382,012 |
Asia Pacific |  |  | 68,165 |  |  |  | 342,502 |  |  |  | 4,739 |  |  |  | 415,406 |
Other |  |  | — |  |  |  | 9,584 |  |  |  | — |  |  |  | 9,584 |
Total |  | $ | 1,627,177 |  |  | $ | 1,755,712 |  |  | $ | 101,043 |  |  | $ | 3,483,932 |
AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023 (UNAUDITED) Note 11 – Segment Information-Continued
|  | Drones |  |  | Sensors |  |  | SaaS |  |  | Total |
Nine Months Ended September 30, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 1,308,109 |  |  | $ | 1,659,485 |  |  | $ | 262,678 |  |  | $ | 3,230,272 |
Latin America |  |  | 753,187 |  |  |  | 223,983 |  |  |  | 5,185 |  |  |  | 982,355 |
Europe, Middle East and Africa |  |  | 2,373,934 |  |  |  | 2,517,885 |  |  |  | 495 |  |  |  | 4,892,314 |
Asia Pacific |  |  | 208,947 |  |  |  | 1,087,910 |  |  |  | 2,468 |  |  |  | 1,299,325 |
Other |  |  | — |  |  |  | 167,208 |  |  |  | 495 |  |  |  | 167,703 |
Total |  | $ | 4,644,177 |  |  | $ | 5,656,471 |  |  | $ | 271,321 |  |  | $ | 10,571,969 |
|  | Drones |  |  | Sensors |  |  | SaaS |  |  | Total |
Nine Months Ended September 30, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 1,701,100 |  |  | $ | 1,783,481 |  |  | $ | 303,593 |  |  | $ | 3,788,174 |
Latin America |  |  | 1,256,429 |  |  |  | 221,334 |  |  |  | 38,197 |  |  |  | 1,515,960 |
Europe, Middle East and Africa |  |  | 1,714,967 |  |  |  | 2,611,108 |  |  |  | 661 |  |  |  | 4,326,736 |
Asia Pacific |  |  | 188,764 |  |  |  | 949,040 |  |  |  | 4,738 |  |  |  | 1,142,542 |
Other |  |  | — |  |  |  | 45,801 |  |  |  | — |  |  |  | 45,801 |
Total |  | $ | 4,861,260 |  |  | $ | 5,610,764 |  |  | $ | 347,189 |  |  | $ | 10,819,213 |

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