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Goodwill | 12 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill | Note 5 – Goodwill Goodwill represents the difference between the purchase price and the estimated fair value of net assets acquired, when accounted for by the acquisition method of accounting. As of December 31, 2024, the goodwill balance relates to business acquisitions completed in 2021. The annual impairment assessment conducted during the fourth quarter of 2024 indicated that the fair value of the Company’s Sensor reporting unit was less than the carrying value. The impairment assessment of the Sensor reporting unit considered the lower than forecasted sales and profitability along with declining markets conditions, declining stock price and changes in our technologies. Accordingly, the Company recorded an impairment charge of $2,943,000. The annual impairment assessment conducted during the third and fourth quarter of 2023 indicated that the fair value of the SaaS and the Sensor reporting units were less than the carrying value. The impairment assessment of the SaaS and the Company’s Sensor reporting units was considered lower than forecasted sales and profitability along with declining markets conditions, declining stock price and changes in our technologies. Accordingly, the Company recorded an impairment charge to SaaS and Sensor for $4,206,515 and $11,570,252, respectively, during the year ended December 31, 2023. As of December 31, 2024 and 2023, the change in the carrying value of goodwill for our operating segments (as defined in Note 16) is listed below: Schedule of Carrying Value of Goodwill for our Operating Segments
|  | Drones |  |  | Sensors |  |  | SaaS |  |  | Total |
Balance as of December 31, 2020 |  | $ | — |  |  | $ | — |  |  | $ | 3,108,000 |  |  | $ | 3,108,000 |
Acquisitions |  |  | 12,655,577 |  |  |  | 18,972,896 |  |  |  | 42,488,730 |  |  |  | 74,117,203 |
Impairment |  |  | — |  |  |  | — |  |  |  | (12,357,921 | ) |  |  | (12,357,921 | )
Balance as of December 31, 2021 |  |  | 12,655,577 |  |  |  | 18,972,896 |  |  |  | 33,238,809 |  |  |  | 64,867,282 |
Impairment |  |  | (12,655,577 | ) |  |  | — |  |  |  | (29,032,294 | ) |  |  | (41,687,871 | )
Balance as of December 31, 2022 |  |  | — |  |  |  | 18,972,896 |  |  |  | 4,206,515 |  |  |  | 23,179,411 |
Impairment |  |  | — |  |  |  | (11,570,252 | ) |  |  | (4,206,515 | ) |  |  | (15,776,767 | )
Balance as of December 31, 2023 |  |  | — |  |  |  | 7,402,644 |  |  |  | — |  |  |  | 7,402,644 |
Impairment |  |  | — |  |  |  | (2,943,000 | ) |  |  | — |  |  |  | (2,943,000 | )
Balance as of December 31, 2024 |  | $ | — |  |  | $ | 4,459,644 |  |  | $ | — |  |  | $ | 4,459,644 |

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