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Intangible Assets, Net | 12 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets, Net | Note 4 – Intangible Assets, Net As of December 31, 2024, 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, 2023 |  |  | Additions |  |  | Amortization |  |  | Impairment |  |  | Balance as of December 31, 2024 |
Intellectual property/technology |  |  | 5-7 |  |  | $ | 606,354 |  |  | $ | — |  |  | $ | (148,495 | ) |  | $ | — |  |  | $ | 457,859 |
Customer base |  |  | 3-10 |  |  |  | 999,774 |  |  |  | — |  |  |  | (141,145 | ) |  |  | — |  |  |  | 858,629 |
Tradenames and trademarks |  |  | 5-10 |  |  |  | 427,005 |  |  |  | — |  |  |  | (60,283 | ) |  |  | — |  |  |  | 366,722 |
Internal-use software costs |  |  | 3 |  |  |  | 582,148 |  |  |  | 72,102 |  |  |  | (381,156 | ) |  |  | — |  |  |  | 273,094 |
Total intangible assets, net |  |  |  |  |  | $ | 2,615,281 |  |  | $ | 72,102 |  |  | $ | (731,079 | ) |  | $ | — |  |  | $ | 1,956,304 |
As of December 31, 2024, 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, 2024 |
Intellectual property/technology |  |  | 3.25 |  |  | $ | 5,671,026 |  |  | $ | (2,154,628 | ) |  | $ | (3,058,539 | ) |  | $ | 457,859 |
Customer base |  |  | 6.17 |  |  |  | 4,411,499 |  |  |  | (2,804,650 | ) |  |  | (748,220 | ) |  |  | 858,629 |
Tradenames and trademarks |  |  | 6.17 |  |  |  | 2,082,338 |  |  |  | (592,674 | ) |  |  | (1,122,942 | ) |  |  | 366,722 |
Internal-use software costs |  |  | 1.96 |  |  |  | 1,172,316 |  |  |  | (899,222 | ) |  |  | — |  |  |  | 273,094 |
Total intangible assets, net |  |  | 2.30 |  |  | $ | 13,337,179 |  |  | $ | (6,451,174 | ) |  | $ | (4,929,701 | ) |  | $ | 1,956,304 |
As of December 31, 2023, intangible assets, net, other than goodwill, consist of following:
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 |
AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023 Note 4 – Intangible Assets, Net- Continued As of December 31, 2023, 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, 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, 2024 and 2023, the weighted average remaining amortization period in years was 2.30 and 3.42 years, respectively. Amortization expense for the years ended December 31, 2024 and 2023 was $731,079 and $3,554,678, respectively. For the year, ended December 31, 2024 and 2023, amortization expense of $0 and $720,635 related to the platform development costs were included as part of the cost of goods sold, respectively. For the year ended December 31, 2024, the Company reviewed the indicators for impairment and concluded that no impairment of its finite-lived intangible assets existed. The annual intangible impairment conducted during the fourth quarter of 2023 indicated that the fair value of the SaaS and 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 was included in “Impairment” on the accompanying consolidated statements of operations and comprehensive loss. For the following years ending, the future amortization expenses consist of the following: Schedule of Intangible Assets Future Amortization Expenses
|  | For the Years Ending December 31, |
|  | 2025 |  |  | 2026 |  |  | 2027 |  |  | 2028 |  |  | 2029 |  |  | Thereafter |  |  | Total |
Intellectual property/ technology |  | $ | 148,495 |  |  | $ | 148,495 |  |  | $ | 148,495 |  |  | $ | 12,374 |  |  | $ | — |  |  | $ | — |  |  | $ | 457,859 |
Customer base |  |  | 141,145 |  |  |  | 141,145 |  |  |  | 141,145 |  |  |  | 141,145 |  |  |  | 141,145 |  |  |  | 152,904 |  |  |  | 858,629 |
Trade names and trademarks |  |  | 60,283 |  |  |  | 60,283 |  |  |  | 60,283 |  |  |  | 60,283 |  |  |  | 60,283 |  |  |  | 65,307 |  |  |  | 366,722 |
Internal-use software costs |  |  | 214,653 |  |  |  | 48,520 |  |  |  | 9,921 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 273,094 |
Total Intangible Assets, Net |  | $ | 564,576 |  |  | $ | 398,443 |  |  | $ | 359,844 |  |  | $ | 213,802 |  |  | $ | 201,428 |  |  | $ | 218,211 |  |  | $ | 1,956,304 |
AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023

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