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Unaudited Proforma Financial Information | 3 Months Ended
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Mar. 31, 2026
Unaudited Proforma Financial Information [Abstract] |
Unaudited Proforma Financial Information | Note 5 – Unaudited Proforma Financial Information As described in the notes to the financial statements included in the Company’s annual report on Form 10-K, on November 10, 2025, the Company acquired Drone Nerds, LLC and Anzu Robotics, LLC (collectively, the “Acquisition”). The following unaudited pro forma consolidated financial information presents the combined results of operations of the Company and Drone Nerds as if the Acquisition had occurred on January 1, 2025. The pro forma financial information has been prepared for comparative purposes only and does not necessarily reflect the results of operations that would have occurred had the Acquisition been completed on that date, nor is it indicative of future results of operations. The unaudited pro forma information reflects adjustments that are directly attributable to the acquisition and are factually supportable, including:
| ● | Incremental amortization expense related to identifiable intangible assets acquired;
| ● | Interest expense associated with acquisition-related indebtedness;
| ● | Conforming accounting policy adjustments, where applicable.
The pro forma financial information does not include any anticipated cost savings, operating synergies, or other integration effects of the acquisition. The following unaudited pro forma consolidated financial information presents the combined results of continuing operations of the Company and Drone Nerds (in thousands, except per share amounts): For the three months ending March 31, 2025
Revenues |  | $ | 30,587 |
Net loss from continuing operations |  | $ | (7,294 | )
Net loss attributable to common stockholders from continuing operations |  | $ | (7,926 | )
Net loss per share – basic and diluted |  | $ | (2.34 | )
Weighted average common shares outstanding – basic and diluted |  |  | 3,384,736 |

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