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Note 10 - Segment Information | 6 Months Ended
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Jun. 30, 2025
Notes to Financial Statements |
Segment Reporting Disclosure [Text Block] | Note 10 – Segment Information Operating segments are defined as components of an entity for which separate financial information is available and that is regularly provided to the Chief Operating Decision Maker (CODM) in deciding how to allocate resources to an individual segment and in assessing performance. The Company’s Chief Executive Officer is the Company’s CODM. The CODM reviews financial information presented by operating segment in making operating decisions, allocating resources, and evaluating financial performance. During the six months ended June 30, 2025, the Company conducted the business through two primary operating segments: Drones and Sensors. During the year ended December 31, 2024, our SaaS segment ceased operations and did not renew any of its software subscription. Transactions in this segment during 2025 will consist of run off related expenses until this segment is fully shut down. During the six months ended June 30, 2025, we sold the Measure domain name and received approximately $250,000 in cash proceeds which has been reflected within other income on the unaudited condensed consolidated statements of operations as the domain name had a net book value of $0. The accounting policies of the operating segments are the same as those described in Note 2. Non-allocated administrative and other expenses are reflected in Corporate. Corporate assets include cash, prepaid expenses, right-of-use asset and other assets. As of June 30, 2025 and December 31, 2024 and for the three and six months ended June 30, 2025 and 2024, operating information about the Company’s reportable segments consisted of the following: Goodwill and Assets
|  | Corporate |  |  | Drones |  |  | Sensors |  |  | SaaS |  |  | Total |
As of June 30, 2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill |  | $ | — |  |  | $ | — |  |  | $ | 4,459,644 |  |  | $ | — |  |  | $ | 4,459,644 |
Assets |  | $ | 5,618,370 |  |  | $ | 8,004,599 |  |  | $ | 9,559,441 |  |  | $ | — |  |  | $ | 23,182,410 |
As of December 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill |  | $ | — |  |  | $ | — |  |  | $ | 4,459,644 |  |  | $ | — |  |  | $ | 4,459,644 |
Assets |  | $ | 3,804,628 |  |  | $ | 7,028,158 |  |  | $ | 9,744,152 |  |  | $ | 4,616 |  |  | $ | 20,581,554 |
Net Income (Loss)
|  | Corporate |  |  | Drones |  |  | Sensors |  |  | SaaS |  |  | Total |
Three Months Ended June 30, 2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | — |  |  | $ | 2,737,498 |  |  | $ | 1,460,063 |  |  | $ | — |  |  | $ | 4,197,561 |
Cost of sales |  |  | — |  |  |  | 1,094,662 |  |  |  | 763,020 |  |  |  | — |  |  |  | 1,857,682 |
Compensation and related expenses |  |  | 219,835 |  |  |  | 1,162,894 |  |  |  | 413,421 |  |  |  | — |  |  |  | 1,796,150 |
Professional fees |  |  | 172,900 |  |  |  | 172,316 |  |  |  | 73,858 |  |  |  | — |  |  |  | 419,074 |
Other operating expenses |  |  | 650,353 |  |  |  | 1,195,163 |  |  |  | 308,910 |  |  |  | 37,855 |  |  |  | 2,192,281 |
Income (loss) from operations |  | $ | (1,043,088 | ) |  | $ | (887,537 | ) |  | $ | (99,146 | ) |  | $ | (37,855 | ) |  | $ | (2,067,626 | )
Other income (expense), net |  |  | 433,464 |  |  |  | 67,644 |  |  |  | 286,142 |  |  |  | — |  |  |  | 787,250 |
Net income (loss) |  | $ | (609,624 | ) |  | $ | (819,893 | ) |  | $ | 186,996 |  |  | $ | (37,855 | ) |  | $ | (1,280,376 | )
Three Months Ended June 30, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | — |  |  | $ | 1,351,414 |  |  | $ | 1,952,534 |  |  | $ | 88,590 |  |  | $ | 3,392,538 |
Cost of sales |  |  | — |  |  |  | 687,823 |  |  |  | 1,039,377 |  |  |  | 110,763 |  |  |  | 1,837,963 |
Compensation and related expenses |  |  | 215,021 |  |  |  | 1,398,773 |  |  |  | 327,146 |  |  |  | 67,459 |  |  |  | 2,008,399 |
Professional fees |  |  | 158,569 |  |  |  | 44,312 |  |  |  | (14,130 | ) |  |  | 36,377 |  |  |  | 225,128 |
Other operating expenses |  |  | 620,419 |  |  |  | 705,892 |  |  |  | 331,724 |  |  |  | 203,481 |  |  |  | 1,861,516 |
Income (loss) from operations |  | $ | (994,009 | ) |  | $ | (1,485,386 | ) |  | $ | 268,417 |  |  | $ | (329,490 | ) |  | $ | (2,540,468 | )
Other income (expense), net |  |  | (347,363 | ) |  |  | (41,877 | ) |  |  | — |  |  |  | — |  |  |  | (389,240 | )
Net income (loss) |  | $ | (1,341,372 | ) |  | $ | (1,527,263 | ) |  | $ | 268,417 |  |  | $ | (329,490 | ) |  | $ | (2,929,708 | )
|  | Corporate |  |  | Drones |  |  | Sensors |  |  | SaaS |  |  | Total |
Six Months Ended June 30, 2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | — |  |  | $ | 4,970,907 |  |  | $ | 2,876,063 |  |  | $ | — |  |  | $ | 7,846,970 |
Cost of sales |  |  | — |  |  |  | 1,941,864 |  |  |  | 1,431,411 |  |  |  | — |  |  |  | 3,373,275 |
Compensation and related expenses |  |  | 518,847 |  |  |  | 2,151,088 |  |  |  | 734,821 |  |  |  | — |  |  |  | 3,404,756 |
Professional fees |  |  | 256,838 |  |  |  | 288,163 |  |  |  | 138,071 |  |  |  | — |  |  |  | 683,072 |
Other operating expenses |  |  | 1,198,356 |  |  |  | 1,643,605 |  |  |  | 550,746 |  |  |  | 63,332 |  |  |  | 3,456,039 |
Income (loss) from operations |  | $ | (1,974,041 | ) |  | $ | (1,053,813 | ) |  | $ | 21,014 |  |  | $ | (63,332 | ) |  | $ | (3,070,172 | )
Other income (expense), net |  |  | 8,319,080 |  |  |  | 58,450 |  |  |  | 472,305 |  |  |  | — |  |  |  | 8,849,835 |
Net income (loss) |  | $ | 6,345,039 |  |  | $ | (995,363 | ) |  | $ | 493,319 |  |  | $ | (63,332 | ) |  | $ | 5,779,663 |
Six Months Ended June 30, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | — |  |  | $ | 2,498,026 |  |  | $ | 4,586,074 |  |  | $ | 202,885 |  |  | $ | 7,286,985 |
Cost of sales |  |  | — |  |  |  | 1,375,054 |  |  |  | 2,228,705 |  |  |  | 174,229 |  |  |  | 3,777,988 |
Compensation and related expenses |  |  | 481,774 |  |  |  | 2,738,461 |  |  |  | 517,102 |  |  |  | 215,870 |  |  |  | 3,953,207 |
Professional fees |  |  | 330,894 |  |  |  | 308,081 |  |  |  | 78,568 |  |  |  | 166,989 |  |  |  | 884,532 |
Other operating expenses |  |  | 1,066,927 |  |  |  | 1,541,576 |  |  |  | 600,786 |  |  |  | 396,325 |  |  |  | 3,605,614 |
Income (loss) from operations |  | $ | (1,879,595 | ) |  | $ | (3,465,146 | ) |  | $ | 1,160,913 |  |  | $ | (750,528 | ) |  | $ | (4,934,356 | )
Other income (expense), net |  |  | (4,309,271 | ) |  |  | 12,320 |  |  |  | (13,988 | ) |  |  | — |  |  |  | (4,310,939 | )
Net income (loss) |  | $ | (6,188,866 | ) |  |  | (3,452,826 | ) |  | $ | 1,146,925 |  |  | $ | (750,528 | ) |  | $ | (9,245,295 | )
Revenues by Geographic Area
|  | Drones |  |  | Sensors |  |  | SaaS |  |  | Total |
Three Months Ended June 30, 2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 130,464 |  |  | $ | 446,187 |  |  | $ | — |  |  | $ | 576,651 |
Latin America |  |  | 339,155 |  |  |  | 23,910 |  |  |  | — |  |  |  | 363,065 |
Europe, Middle East and Africa |  |  | 2,239,426 |  |  |  | 681,644 |  |  |  | — |  |  |  | 2,921,070 |
Asia Pacific |  |  | 28,453 |  |  |  | 260,884 |  |  |  | — |  |  |  | 289,337 |
Other |  |  | — |  |  |  | 47,438 |  |  |  | — |  |  |  | 47,438 |
|  | $ | 2,737,498 |  |  | $ | 1,460,063 |  |  | $ | — |  |  | $ | 4,197,561 |
|  | Drones |  |  | Sensors |  |  | SaaS |  |  | Total |
Three Months Ended June 30, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 394,281 |  |  | $ | 569,291 |  |  | $ | 87,496 |  |  | $ | 1,051,068 |
Latin America |  |  | 396,236 |  |  |  | 56,633 |  |  |  | — |  |  |  | 452,869 |
Europe, Middle East and Africa |  |  | 383,010 |  |  |  | 835,624 |  |  |  | 248 |  |  |  | 1,218,882 |
Asia Pacific |  |  | 177,887 |  |  |  | 398,734 |  |  |  | 598 |  |  |  | 577,219 |
Other |  |  | — |  |  |  | 92,252 |  |  |  | 248 |  |  |  | 92,500 |
|  | $ | 1,351,414 |  |  | $ | 1,952,534 |  |  | $ | 88,590 |  |  | $ | 3,392,538 |
|  | Drones |  |  | Sensors |  |  | SaaS |  |  | Total |
Six Months Ended June 30, 2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 511,404 |  |  | $ | 865,278 |  |  | $ | — |  |  | $ | 1,376,682 |
Latin America |  |  | 669,845 |  |  |  | 67,844 |  |  |  | — |  |  |  | 737,689 |
Europe, Middle East and Africa |  |  | 3,723,973 |  |  |  | 1,431,834 |  |  |  | — |  |  |  | 5,155,807 |
Asia Pacific |  |  | 65,685 |  |  |  | 410,876 |  |  |  | — |  |  |  | 476,561 |
Other |  |  | — |  |  |  | 100,231 |  |  |  | — |  |  |  | 100,231 |
|  | $ | 4,970,907 |  |  | $ | 2,876,063 |  |  | $ | — |  |  | $ | 7,846,970 |
|  | Drones |  |  | Sensors |  |  | SaaS |  |  | Total |
Six Months Ended June 30, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 969,424 |  |  | $ | 1,368,842 |  |  | $ | 194,242 |  |  | $ | 2,532,508 |
Latin America |  |  | 622,070 |  |  |  | 183,072 |  |  |  | 5,185 |  |  |  | 810,327 |
Europe, Middle East and Africa |  |  | 714,453 |  |  |  | 2,196,503 |  |  |  | 495 |  |  |  | 2,911,451 |
Asia Pacific |  |  | 192,079 |  |  |  | 720,013 |  |  |  | 2,468 |  |  |  | 914,560 |
Other |  |  | — |  |  |  | 117,644 |  |  |  | 495 |  |  |  | 118,139 |
|  | $ | 2,498,026 |  |  | $ | 4,586,074 |  |  | $ | 202,885 |  |  | $ | 7,286,985 |

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