AgEagle Aerial Systems (UAVS) 10-Q 19 Nov 24 2024 Q3 Quarterly report Financial data

Cover

Cover - $ / shares	9 Months Ended
	Sep. 30, 2024	Nov. 19, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2024
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--12-31
Entity File Number	001-36492
Entity Registrant Name	AGEAGLE AERIAL SYSTEMS INC.
Entity Central Index Key	0000008504
Entity Tax Identification Number	88-0422242
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	8201 E. 34th Street N
Entity Address, Address Line Two	Suite 1307
Entity Address, City or Town	Wichita
Entity Address, State or Province	KS
Entity Address, Postal Zip Code	67226
City Area Code	(620)
Local Phone Number	325-6363
Title of 12(b) Security	Common Stock, par value $0.001 per share
Trading Symbol	UAVS
Security Exchange Name	NYSEAMER
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		4,718,308
Entity Listing, Par Value Per Share	$ 0.001

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Sep. 30, 2024	Dec. 31, 2023
CURRENT ASSETS:
Cash	$ 265,126	$ 819,024
Accounts receivable, net	2,156,425	2,057,546
Inventories, net	5,885,358	6,936,980
Prepaid and other current assets	512,483	548,561
Note receivable		185,000
Total current assets	8,819,392	10,547,111
Property and equipment, net	544,928	799,892
Right-of-use assets	2,863,417	3,525,406
Intangible assets, net	2,141,477	2,615,281
Goodwill	7,402,644	7,402,644
Other assets	266,009	265,567
Total assets	22,037,867	25,155,901
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable	3,557,286	3,062,794
Accrued liabilities	2,014,228	1,944,352
Convertible note	4,850,828	4,504,500
Other short-term loan	763,500
Contract liabilities	861,411	226,316
Current portion of lease liabilities	950,709	901,925
Current portion of COVID loan	362,478	391,545
Total current liabilities	13,360,440	11,031,432
Long-term portion of lease liabilities	2,006,920	2,721,743
Long-term portion of COVID loan	297,349	489,037
Defined benefit plan obligation	139,989	216,133
Total liabilities	15,804,698	14,458,345
COMMITMENTS AND CONTINGENCIES (NOTE 10)
STOCKHOLDERS’ EQUITY:
Preferred Stock, $0.001 par value, 25,000,000 shares authorized: Preferred Stock, Series F Convertible, $0.001 par value, 35,000 shares authorized, 3,700 shares issued and outstanding as of September 30, 2024, and 6,075 shares issued and outstanding as of December 31, 2023	4	6
Common Stock, $0.001 par value, 250,000,000 shares authorized, 17,320,462 and 7,026,297 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively	17,321	7,026
Additional paid-in capital	191,117,514	176,167,312
Accumulated deficit	(184,995,827)	(165,583,091)
Accumulated other comprehensive income	94,157	106,303
Total stockholders’ equity	6,233,169	10,697,556
Total liabilities and stockholders’ equity	$ 22,037,867	$ 25,155,901

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2024	Dec. 31, 2023
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	25,000,000	25,000,000
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	250,000,000	250,000,000
Common stock, shares issued	17,320,462	7,026,297
Common stock, shares outstanding	17,320,462	7,026,297
Series F Preferred Stock [Member]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	35,000	35,000
Preferred stock, shares issued	3,700	6,075
Preferred stock, shares outstanding	3,700	6,075

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended				9 Months Ended
	Sep. 30, 2024		Sep. 30, 2023		Sep. 30, 2024		Sep. 30, 2023
Income Statement [Abstract]
Revenues	$ 3,284,984		$ 3,483,932		$ 10,571,969		$ 10,819,213
Cost of sales	1,650,717		2,269,858		5,428,705		6,594,973
Gross Profit	1,634,267		1,214,074		5,143,264		4,224,240
Operating expenses:
General and administrative	1,889,733		3,357,550		6,931,496		10,435,834
Research and development	969,402		1,368,394		3,181,638		4,320,216
Sales and marketing	636,292		978,243		1,825,645		2,911,963
Impairment charge			1,500,000				1,579,287
Total operating expenses	3,495,427		7,204,187		11,938,779		19,247,300
Loss from operations	(1,861,160)		(5,990,113)		(6,795,515)		(15,023,060)
Other income (expense):
Interest expense	(1,563,817)		(399,651)		(5,698,269)		(994,751)
Loss on debt extinguishment			(1,523,867)				(1,523,867)
Gain/loss on disposal of fixed assets	11,000				(2,988)
Other expense, net	(45,777)		(106,497)		(208,277)		(368,532)
Total other expense, net	(1,598,594)		(2,030,015)		(5,909,534)		(2,887,150)
Net loss before provision for income taxes	(3,459,754)		(8,020,128)		(12,705,049)		(17,910,210)
Provision for income taxes
Net loss	(3,459,754)		(8,020,128)		(12,705,049)		(17,910,210)
Accrued dividends on Series F Preferred Stock	(47,879)		(49,122)		(158,862)		(170,277)
Deemed dividends on Series F Preferred Stock and Warrants	(1,450,232)				(6,707,687)		(4,910,894)
Net loss attributable to common stockholders	$ (4,957,865)		$ (8,069,250)		$ (19,571,598)		$ (22,991,381)
Net loss per common share - basic	$ (16.03)		$ (72.64)		$ (81.44)		$ (232.29)
Net loss per common share - diluted	$ (16.03)		$ (72.64)		$ (81.44)		$ (232.29)
Weighted average number of shares outstanding during the period - Basic	309,350	[1]	111,083	[2]	240,309	[1]	98,976	[2]
Weighted average number of shares outstanding during the period - Diluted	309,350	[1]	111,083	[2]	240,309	[1]	98,976	[2]
Comprehensive loss:
Amortization of unrecognized periodic pension costs			$ (742)				$ 43,302
Foreign currency cumulative translation adjustment	140,349		(7,027)		(12,146)		116,757
Total comprehensive loss , net of tax	$ (3,319,405)		$ (8,027,897)		$ (12,717,195)		$ (17,750,151)
[1]Adjusted for the effect of a 1 to 50 reverse stock split 1 to 50 reverse stock split

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) (Parenthetical)			9 Months Ended
	Feb. 09, 2024	Feb. 08, 2024	Sep. 30, 2024
Income Statement [Abstract]
Reverse stock split	1 to 20 reverse stock split	1-for-20 reverse stock split	1 to 50 reverse stock split

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($)	Preferred Stock [Member] Series F Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Total
Balance at Dec. 31, 2022	$ 6	$ 88,467	$ 154,679,363	$ 10,083	$ (111,553,444)	$ 43,224,475
Balance, shares at Dec. 31, 2022	5,863	88,466,613
Issuance of Preferred Stock, Series F Convertible, net of issuance cost	$ 3		2,999,997			3,000,000
Issuance of Preferred Stock, Series F Convertible, net of issuance cost, shares	3,000
Conversion of Preferred Stock, Series F Convertible shares to Common Stock	$ (3)	$ 365	(362)
Conversion of Preferred Stock, Series F Convertible shares to Common Stock, shares	(2,588)	365,238
Dividends on Series F Preferred Stock			(4,910,894)		4,910,894
Stock-based compensation expense						1,125,209
Deemed dividend on Series F Preferred Stock			170,277			170,277
Net loss					(17,910,210)	(17,910,210)
Effect on existing shares due to Reverse Split on February 9, 2024		$ (84,043)	84,043
Effect on existing shares due to Reverse Split on February 9, 2024, shares		(84,043,282)
Exercise of warrants issued with Series F, shares
Stock-based compensation expense			1,125,209			$ 1,125,209
Issuance of Restricted Common Stock		$ 19	(19)
Issuance of Restricted Common Stock, shares		19,373
Foreign currency cumulative translation adjustment				116,757		116,757
Conversion of warrants issued with promissory note and incremental value modification		$ 250	190,250			190,500
Conversion of warrants issued with promissory note and incremental value modification, shares		250,000
Amortization of unrecognized periodic pension costs				43,302		43,302
Sales of common stock, net of issuance costs		$ 836	3,816,564			3,817,400
Sales of common stock, net of issuance costs, shares		836,000
Dividends on Series F Preferred Stock			(170,277)			(170,277)
Deemed dividend on Series F Preferred Stock and warrant			4,910,894		(4,910,894)
Balance at Sep. 30, 2023	$ 6	$ 5,894	167,635,662	170,142	(134,374,548)	33,437,156
Balance, shares at Sep. 30, 2023	6,275	5,893,942
Balance at Jun. 30, 2023	$ 7	$ 109,492	167,247,840	177,911	(126,354,420)	41,180,830
Balance, shares at Jun. 30, 2023	7,025	109,491,375
Conversion of Preferred Stock, Series F Convertible shares to Common Stock	$ (1)	$ 150	(149)
Conversion of Preferred Stock, Series F Convertible shares to Common Stock, shares	(750)	150,000
Dividends on Series F Preferred Stock			(49,122)			(49,122)
Net loss					(8,020,128)	(8,020,128)
Effect on existing shares due to Reverse Split on February 9, 2024		$ (104,017)	104,017
Effect on existing shares due to Reverse Split on February 9, 2024, shares		(104,016,806)
Stock-based compensation expense			142,845			142,845
Issuance of Restricted Common Stock		$ 19	(19)
Issuance of Restricted Common Stock, shares		19,373
Foreign currency cumulative translation adjustment				(7,027)		(7,027)
Conversion of warrants issued with promissory note and incremental value modification		$ 250	190,250			190,500
Conversion of warrants issued with promissory note and incremental value modification, shares		250,000
Amortization of unrecognized periodic pension costs				(742)		(742)
Deemed dividend on Series F Preferred Stock and warrant			49,122			49,122
Balance at Sep. 30, 2023	$ 6	$ 5,894	167,635,662	170,142	(134,374,548)	33,437,156
Balance, shares at Sep. 30, 2023	6,275	5,893,942
Balance at Dec. 31, 2023	$ 6	$ 140,521	176,033,817	106,303	(165,583,091)	10,697,556
Balance, shares at Dec. 31, 2023	6,075	140,520,163
Issuance of Preferred Stock, Series F Convertible, net of issuance cost	$ 4		4,024,996			4,025,000
Issuance of Preferred Stock, Series F Convertible, net of issuance cost, shares	4,100
Conversion of Preferred Stock, Series F Convertible shares to Common Stock	$ (6)	$ 9,350	(9,344)
Conversion of Preferred Stock, Series F Convertible shares to Common Stock, shares	(6,475)	9,350,474
Dividends on Series F Preferred Stock			(158,862)			(158,862)
Stock-based compensation expense						63,791
Deemed dividend on Series F Preferred Stock			6,707,687		(6,707,687)
Issuance costs for sale of Preferred Stock			(373,210)			(373,210)
Net loss					(12,705,049)	(12,705,049)
Effect on existing shares due to Reverse Split on February 9, 2024		$ (133,495)	133,495
Effect on existing shares due to Reverse Split on February 9, 2024, shares		(133,493,864)
Conversion of Convertible Note principal to Common Stock		$ 80	99,920			100,000
Conversion of Convertible Note principal to Common Stock, shares		79,828
Exercise of warrants issued with Series F		$ 830	496,871			$ 497,701
Exercise of warrants issued with Series F, shares		829,500
Stock-based compensation expense			63,791			$ 63,791
Issuance of Restricted Common Stock		$ 35	(35)
Issuance of Restricted Common Stock, shares		34,361
Conversion Price of Promissory Note on Exchange Agreement			4,098,388			4,098,388
Foreign currency cumulative translation adjustment				(12,146)		(12,146)
Dividends on Series F Preferred Stock			(6,707,687)		6,707,687
Deemed dividend on Series F Preferred Stock and warrant			158,862			158,862
Balance at Sep. 30, 2024	$ 4	$ 17,321	191,117,514	94,157	(184,995,827)	6,233,169
Balance, shares at Sep. 30, 2024	3,700	17,320,462
Balance at Jun. 30, 2024	$ 4	$ 13,840	188,192,663	(46,192)	(180,085,841)	8,074,474
Balance, shares at Jun. 30, 2024	4,295	13,838,705
Issuance of Preferred Stock, Series F Convertible, net of issuance cost	$ 1		999,999			1,000,000
Issuance of Preferred Stock, Series F Convertible, net of issuance cost, shares	1,000
Conversion of Preferred Stock, Series F Convertible shares to Common Stock	$ (1)	$ 3,481	(3,480)
Conversion of Preferred Stock, Series F Convertible shares to Common Stock, shares	(1,595)	3,481,757
Dividends on Series F Preferred Stock			(47,879)			(47,879)
Stock-based compensation expense			16,675			16,675
Reduction of Conversion Price on Convertible note			609,537			609,537
Deemed dividend on Series F Preferred Stock			1,450,232		(1,450,232)
Issuance costs for sale of Preferred Stock			(100,233)			(100,233)
Foreign currency cumulative translation adjustment				140,349		140,349
Net loss					(3,459,754)	(3,459,754)
Foreign currency cumulative translation adjustment						140,349
Dividends on Series F Preferred Stock			(1,450,232)		1,450,232
Deemed dividend on Series F Preferred Stock and warrant			47,879			47,879
Balance at Sep. 30, 2024	$ 4	$ 17,321	$ 191,117,514	$ 94,157	$ (184,995,827)	$ 6,233,169
Balance, shares at Sep. 30, 2024	3,700	17,320,462

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (12,705,049)	$ (17,910,210)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock-based compensation	63,791	1,125,209
Depreciation and amortization	815,285	3,027,644
Loss on disposal of fixed assets	2,988
Interest added to convertible note payable	771,445
Interest expense for reduction in convertible note conversion price	4,098,388
Defined benefit plan obligation	(73,099)	(188,653)
Amortization of debt discount and warrant modification	768,000	612,712
Loss on debt extinguishment		1,523,867
Goodwill impairment		1,500,000
Lease impairment charge		79,287
Changes in operating assets and liabilities:
Accounts receivable, net	(41,322)	223,208
Inventories, net	1,035,334	660,208
Prepaid expenses and other assets	151,675	237,815
Accounts payable	366,162	264,123
Accrued expenses and other liabilities	745,348	(28,133)
Contract liabilities	(240,646)	(169,352)
Other	185,000	212,606
Net cash used in operating activities	(4,056,700)	(8,829,669)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment	(34,985)	(95,004)
Proceeds of sales of asset	11,000
Capitalization of platform development costs		(297,596)
Capitalization of internal use software costs	(72,102)	(171,516)
Net cash used in investing activities	(96,087)	(564,116)
CASH FLOWS FROM FINANCING ACTIVITIES:
Sales of common stock, net of issuance costs		3,817,400
Sale of Series F preferred stock	4,025,000	3,000,000
Repayments on COVID loans	(212,392)	(87,052)
Payment to convertible note	(325,117)
Conversion of warrants issued with Series F shares	497,701
Other short-term loan, net of payment	(4,500)
Issuance costs for sale of preferred stock	(373,210)
Net cash provided by financing activities	3,607,482	6,730,348
Effects of foreign exchange rates on cash flows	(8,593)	(86,257)
Net change in cash	(553,898)	(2,749,694)
Cash at beginning of period	819,024	4,349,837
Cash at end of period	265,126	1,600,143
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Interest cash paid	852,141
Income taxes paid
NON-CASH INVESTING AND FINANCING ACTIVITIES:
Conversion of Preferred Stock, Series F Convertible to Common Stock	9,350	7,305
Issuance of Restricted Common Stock	35	388
Accrued dividends on Series F Preferred Stock	158,862	170,277
Deemed dividend on Series F Preferred stock and warrant	$ 6,707,687	$ 4,910,894

Description of the Business and

Description of the Business and Basis of Presentation	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Description of the Business and Basis of Presentation	Note 1 – Description of the Business and Basis of Presentation Description of Business – Founded in 2010, AgEagle was originally formed to pioneer proprietary, professional-grade, fixed-winged drones and aerial imagery-based data collection and analytics solutions for the agriculture industry. Today, the Company is earning distinction as a globally respected market leader offering customer-centric, advanced, autonomous unmanned aerial systems (“UAS”) which drive revenue at the intersection of flight hardware, sensors and software for industries that include agriculture, military/defense, public safety, surveying/mapping and utilities/engineering, among others. AgEagle has also achieved numerous regulatory firsts, including earning governmental approvals for its commercial and tactical drones to fly Beyond Visual Line of Sight (“BVLOS”) and/or Operations Over People in the United States, Canada, Brazil and the European Union and being awarded Blue UAS certification from the Defense Innovation Unit of the U.S. Department of Defense. The Company is currently headquartered in Wichita, Kansas, where we house our sensor manufacturing operations, and we operate drone distribution and coordinate global customer service operations out of Raleigh, North Carolina. In addition, the Company operates engineering and drone manufacturing operations in Lausanne, Switzerland in support of our international business activities. Reverse Stock Split 1-for-20 reverse stock split 0.001 Basis of Presentation The condensed consolidated financial statements include the accounts of AgEagle and its wholly-owned subsidiaries, AgEagle Aerial, Inc., Measure Global, Inc. and senseFly. All significant intercompany balances and transactions have been eliminated in consolidation. A description of certain of the Company’s accounting policies and other financial information is included in the Company’s audited consolidated financial statements filed with the SEC on Form 10-K for the year ended December 31, 2023. The summary of significant accounting policies presented below is designed to assist in understanding the Company’s condensed consolidated financial statements. Such condensed consolidated financial statements and accompanying notes are the representations of the Company’s management, who are responsible for their integrity and objectivity. AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023 (UNAUDITED) Note 1 – Description of the Business and Basis of Presentation-Continued Liquidity and Going Concern 12,705,049 4,056,700 4,541,048 184,995,827 If the Company is unable to generate significant sales growth in the near term and raise additional capital, there is a risk that the Company could default on additional obligations; and could be required to discontinue or significantly reduce the scope of its operations if no other means of financing operations are available. The condensed consolidated financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amount and classification of liabilities or any other adjustment that might be necessary should the Company be unable to continue as a going concern.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2 – Summary of Significant Accounting Policies The summary of significant accounting policies presented below is designed to assist in understanding the Company’s condensed consolidated financial statements. Such condensed consolidated financial statements and accompanying notes are the representations of the Company’s management, who are responsible for their integrity and objectivity. These accounting policies conform to US GAAP in all material respects and have been consistently applied in preparing the accompanying condensed consolidated financial statements. Risks and Uncertainties Use of Estimates Fair Value Measurements and Disclosures Fair Value Measurement AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023 (UNAUDITED) Note 2 – Summary of Significant Accounting Policies-Continued The guidance requires that assets and liabilities carried at fair value be classified and disclosed in one of the following categories: ● Level 1: Quoted market prices in active markets for identical assets or liabilities. ● Level 2: Observable market-based inputs or unobservable inputs that are corroborated by market data. ● Level 3: Unobservable inputs that are not corroborated by market data. For short-term classes of our financial instruments, which include cash, accounts receivable, prepaid expenses, notes receivable, accounts payable and accrued expenses, their carrying amounts approximate fair value due to their short-term nature. The outstanding loan related to the COVID Loans is carried at face value, which approximates fair value. As of September 30, 2024 and December 31, 2023, the Company did not have any financial assets or liabilities measured and recorded at fair value on the Company’s condensed consolidated balance sheets on a recurring basis. Inventories Cash Concentrations 250,000 250,000 Accounts Receivable and Credit Policy – Trade receivables due from customers are uncollateralized customer obligations due under normal and customary trade terms. Trade receivables are stated at the amount billed to the customer. As of September 30, 2024 and December 31, 2023, the Company had an accounts receivable balance of $ 2,156,425 and $ 2,057,546 , respectively. The Company generally does not charge interest on overdue customer account balances. Payments of trade receivables are allocated to the specific invoices identified on the customer’s remittance advice or, if unspecified, are applied to the earliest unpaid invoices. The Company estimates an allowance for credit losses based upon an evaluation of the current status of trade receivables, historical experience, and other factors as necessary. It is reasonably possible that the Company’s estimate of the allowance for credit losses will change. AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023 (UNAUDITED) Note 2 – Summary of Significant Accounting Policies-Continued Allowance for Credit Losses 0 158,689 Our net accounts receivable represents amounts billed and due from customers. Based on historical perspective, nearly all of our accounts receivable as of September 30, 2024 would be collected in calendar year 2024 because the majority of our accounts receivable are due from value added resellers (“VARs”) and sovereign governments, including the U.S. Department of Defense. However, under the new guidance, the Company has elected to recognize credit losses based on our collection history and our customers payment terms. Revenue Recognition Revenue from Contracts with Customers Generally, we recognize revenue when it satisfies its obligation by providing the benefits of the service to the customer, either over time or at a point in time. A performance obligation is satisfied over time if one of the following criteria are met: a. the customer simultaneously receives and consumes the benefits as the entity performs; or b. the entity’s performance creates or enhances an asset that the customer controls as the asset is created or enhanced; or c. the entity’s performance does not create an asset with an alternative use to the entity, and the entity has an enforceable right to payment for performance completed to date. Revenue recognition under ASC 606 as described below creates following revenue streams: ● Sensor Sales – sales are recognized on products when the related goods have been shipped, title has passed to the customer, and there are no undeliverable elements or uncertainties. Amounts incurred related to shipping and handling are included in cost of revenue. ● Drone Sales - sales are recognized on products when the related goods have been shipped, title has passed to the customer, and there are no undeliverable elements or uncertainties. Amounts incurred related to shipping and handling are included in cost of revenue. ● Software Sales – are subscription sales of our software that are recognized equally over the membership period as the services are provided. The Company recognizes revenue on sales to customers, dealers, and distributors upon satisfaction of performance obligations which occurs once controls transfer to customers, which is when product is shipped or delivered depending on specific shipping terms and, where applicable, a customer acceptance has been obtained. The fee is not considered to be fixed or determinable until all material contingencies related to the sales have been resolved. The Company records revenue in the condensed consolidated statements of operations and comprehensive loss net of any sales and use, value added, or certain excise taxes imposed by governmental authorities on specific sales transactions and net of any discounts, allowances and returns. Under fixed-price contracts, the Company agrees to perform the specified work for a pre-determined price. To the extent the Company’s actual costs vary from the estimates upon which the price was negotiated, it will generate more or less profit or could incur a loss. The Company accounts for a contract after it has been approved by all parties to the arrangement, the rights of the parties are identified, payment terms are identified, the contract has commercial substance and collectability of consideration is probable. AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023 (UNAUDITED) Note 2 – Summary of Significant Accounting Policies-Continued The Company’s software subscriptions to its platforms, HempOverview Ground Control Additionally, customer payments received in advance of the Company completing performance obligations are recorded as contract liabilities. Customer deposits represent customer prepayments and are recognized as revenue when the term of the sale or performance obligation is completed. As of September 30, 2024 and December 31, 2023, contract liabilities represent amounts of $ 861,411 226,316 Internal- Use Software Costs Internal-Use Software three five years As of September 30, 2024 and December 31 2023, capitalized software costs for internal-use software related to the Company’s implementation of its enterprise resource planning software, totaled $ 370,785 582,148 Goodwill and Intangible Assets As of September 30, 2024 and December 31, 2023, the goodwill balance was $ 7,402,644 AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023 (UNAUDITED) Note 2 – Summary of Significant Accounting Policies-Continued As of September 30, 2024 and December 31, 2023, our intangible assets balance was $ 2,141,477 2,615,281 Foreign Currency Shipping Costs 51,510 68,966 211,781 191,447 Advertising Costs 4,412 44,701 10,489 113,119 Loss Per Common Share and Potentially Dilutive Securities 366,229 8,740,340 2,750 9,162,952 9,630 3,233,546 125,264 25,100,000 Segment Reporting Segment Reporting AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023 (UNAUDITED) Note 2 – Summary of Significant Accounting Policies-Continued The Company has determined that it operates in four segments: ● Drones, which comprises revenues earned from contractual arrangements to develop, manufacture and /or modify complex drone related products, and to provide associated engineering, technical and other services according to customer specifications. ● Sensors, which comprises the revenue earned through the sale of sensors, cameras, and related accessories. ● Software as a service (“SaaS”), which comprises revenue earned through the offering of online-based subscriptions. ● Corporate, which comprises corporate costs only. New Accounting Pronouncements In December 2023, Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosure The guidance requires the rate reconciliation to include specific categories and provides further guidance on disaggregation of those categories based on a quantitative threshold equal to 5% or more of the amount determined by multiplying pretax income (loss) from continuing operations by the applicable statutory rate. For entities reconciling to the US statutory rate of 21%, this would generally require disclosing any reconciling items that impact the rate by 1.05% or more. ASU 2023-09 is effective for public business entities for annual periods beginning after December 15, 2024 (generally, calendar year 2025) and effective for all other business entities one year later. Entities should adopt this guidance on a prospective basis, though retrospective application is permitted. In November 2023, the FASB issued ASU 2023-07, Segment Reporting – Improvements to Reportable Segment Disclosu ● significant to the segment, ● regularly provided to or easily computed from information regularly provided to the chief operating decision maker and ● included in the reported measure of segment profit or loss. The ASU is effective for public entities for fiscal years beginning after December 15, 2023, and interim periods in fiscal years beginning after December 15, 2024 (calendar year public entity will adopt the ASU in its 2024 Form 10-K). The ASU should be adopted retrospectively unless it’s impracticable to do so. Early adoption of the ASU is permitted, including in an interim period. The adoption of ASU 2023-07 is expected to have a financial statement disclosure impact only and is not expected to have a material impact on the Company’s condensed consolidated financial statements. AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023 (UNAUDITED)

Balance Sheets

Balance Sheets	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Balance Sheets	Note 3 – Balance Sheets Accounts Receivable, Net As of September 30, 2024 and December 31, 2023, accounts receivable, net consist of the following: Schedule of Accounts Receivable, Net September 30, 2024 December 31, 2023 Accounts receivable $ 2,156,425 $ 2,216,235 Less: Allowance for credit losses * — (158,689 ) Accounts receivable, net $ 2,156,425 $ 2,057,546 * Allowance for credit losses - Accounts receivable, net represent amounts billed and due from customers. Substantially all accounts receivable on September 30, 2024 are expected to be collected in 2024. Inventories, Net As of September 30, 2024 and December 31, 2023, inventories, net consist of the following: Schedule of Inventories September 30, 2024 December 31, 2023 Raw materials $ 3,695,961 $ 4,648,966 Work in process 957,346 903,217 Finished goods 1,629,947 1,806,239 Gross inventories 6,283,254 7,358,422 Less: Provision for obsolescence (397,896 ) (421,442 ) Inventories, net $ 5,885,358 $ 6,936,980 Prepaid and Other Current Assets As of September 30, 2024 and December 31, 2023, prepaid and other current assets consist of the following: Schedule of Prepaid and Other Current Assets September 30, 2024 December 31, 2023 Prepaid inventories $ 125,801 $ 12,738 Prepaid software licenses and annual fees 113,858 182,510 Prepaid rent 48,993 51,497 Prepaid insurance 74,374 166,210 Prepaid value-added tax charges 98,512 63,209 Prepaid other and other current assets 50,945 72,397 Prepaid and other current assets $ 512,483 $ 548,561 AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023 (UNAUDITED) Note 3 – Balance Sheets-Continued Property and Equipment, Net As of September 30, 2024 and December 31, 2023, property and equipment, net consist of the following: Schedule of Property and Equipment, Net Type Useful Life (Years) September 30, 2024 December 31, 2023 Estimated Type Useful Life (Years) September 30, 2024 December 31, 2023 Leasehold improvements 3 $ 89,272 $ 136,382 Production tools and equipment 5 912,052 1,003,726 Computer and office equipment 3 5 376,863 407,747 Furniture 5 59,712 74,420 Drone equipment 3 130,163 170,109 Total property and equipment 1,568,062 1,792,384 Less: Accumulated depreciation (1,023,134 ) (992,492 ) Total Property and equipment, net $ 544,928 $ 799,892 During the three months ended September 30, 2024 and 2023, depreciation expense was $ 83,315 93,614 269,642 293,538 Intangible Assets, Net As of September 30, 2024 and December 31, 2023, intangible assets, net, other than goodwill, consist of following: Schedule of Intangible Assets, Net Name Estimated Balance as of Additions Amortization Balance as of Intellectual property/technology 5 7 $ 606,354 $ — $ (111,371 ) $ 494,983 Customer base 3 10 999,774 — (105,858 ) 893,916 Trade names and trademarks 5 10 427,005 — (45,212 ) 381,793 Internal use software costs 3 582,148 72,102 (283,465 ) 370,785 Total intangibles assets, net $ 2,615,281 $ 72,102 $ (545,906 ) $ 2,141,477 As of September 30, 2024, the weighted average remaining amortization period in years is 2.59 184,656 919,774 545,906 2,734,106 For the following years ending, the future amortization expense consists of the following: Schedule of Intangible Assets Future Amortization Expenses (rest of year) 2024 2025 2026 2027 2028 Thereafter Total For the Years Ending December 31, (rest of year) 2024 2025 2026 2027 2028 Thereafter Total Intellectual property/technology $ 37,124 $ 148,495 $ 148,495 $ 148,495 $ 12,374 $ — $ 494,983 Customer base 35,286 141,145 141,145 141,145 141,145 294,050 893,916 Trade names and trademarks 15,071 60,283 60,283 60,283 60,283 125,590 381,793 Internal use software costs 97,061 215,286 48,523 9,915 — — 370,785 Total intangible assets, net $ 184,542 $ 565,209 $ 398,446 $ 359,838 $ 213,802 $ 419,640 $ 2,141,477 AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023 (UNAUDITED) Note 3 – Balance Sheets-Continued Accrued Liabilities As of September 30, 2024 and December 31, 2023, accrued liabilities consist of the following: Schedule of Accrued Liabilities September 30, 2024 December 31, 2023 Accrued purchases $ — $ 290,126 Accrued compensation and related liabilities 724,168 278,794 Provision for warranty expense 308,216 303,217 Accrued dividends 671,089 512,227 Accrued professional fees 180,852 211,086 Accrued interest 108,446 326,945 Other 21,456 21,957 Total accrued liabilities $ 2,014,227 $ 1,944,352

COVID Loans

COVID Loans	9 Months Ended
	Sep. 30, 2024
Covid Loans
COVID Loans	Note 4 – COVID Loans The Company assumed the obligations for two COVID Loans originally made by the SBA to senseFly S.A. on July 27, 2020 (“senseFly COVID Loans”). As of senseFly Acquisition Date, the fair value of the COVID Loan was $ 1,440,046 0 212,391 659,827 As of September 30, 2024, scheduled principal payments due under the senseFly COVID Loans are as follows: Schedule of Maturity of SenseFly Covid Loans Year ending December 31, 2024 (rest of year) $ 166,724 2025 195,754 2026 98,073 2027 199,276 Total $ 659,827 AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023 (UNAUDITED)

Promissory Note and Exchange Ag

Promissory Note and Exchange Agreement	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Promissory Note and Exchange Agreement	Note 5 – Promissory Note and Exchange Agreement On December 6, 2022, the Company entered into a Securities Purchase Agreement (the “Promissory Note Purchase Agreement”) with an institutional investor, Alpha Capital Anstalt (“Alpha”), which is an existing shareholder of the Company. Pursuant to the terms of the Promissory Note Purchase Agreement, the Company has agreed to issue to the Investor (i) an 8 3,500,000 250,000 8.80 4 8 3,285,000 140,000 75,000 Beginning June 1, 2023, and on the first business day of each month thereafter, the Company was to pay 1/20 th On August 14, 2023, the Company and Alpha entered into a Note Amendment Agreement due to the Company not making the Monthly Amortization Payments for the months of June – August 2023. Pursuant to the Note Amendment Agreement, the parties agreed to amend the Note as follows: (i) defer payment of the Monthly Amortization Payments for June 2023, July 2023 and August 2023 in the aggregate amount of $ 525,000 175,000 (ii) increase the principal amount of the Note by $ 595,000 4,095,000 On September 15, 2023, the Company and Investor entered into a Warrant Exchange Agreement pursuant to which the Company agreed to issue to the Investor 5,000,000 190,500 As result of the default on the payment for September 15, 2023, October 1, 2023 and November 1, 2023, the principal increased by $ 409,500 4,504,500 On October 5, 2023, the Company and Alpha entered into a Second Note Amendment Agreement (the “Second Amendment”), which provides for the following: (i) the Deferred Payments were due and payable on December 15, 2023; (ii) the Amortization Payments (defined in the Note) scheduled for September 15, 2023, October 1, 2023, and November 1, 2023, were deferred and made part of the Amortization Payments commencing in January 2024; and (iii) 50 2,000,000 As of December 15, 2023, the Company was unable to meet its payment obligation as prescribed in the Second Amendment. On February 8, 2024, the Company and Alpha entered into a Securities Exchange Agreement (the “Exchange Agreement”), pursuant to which the parties agreed to exchange the Note Payable Purchase Agreement, as amended, executed December 2022, for a Convertible Note due January 8, 2025 in the principal amount of $ 4,849,491 2.00 1.25 3,500,000 595,000 st 192,111 8 3,500,000 152,880 8 4,095,000 409,500 12 8 18 484,949 AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023 (UNAUDITED) Note 5 – Promissory Note and Exchange Agreement- Continued On February 16, 2024, the Company received a notification from Alpha to convert $ 100,000 79,828 1.2527 4,749,491 On April 12, 2024, the Company received an Investor Notice from Alpha for the aggregate purchase of 1,050 1,418,919 0.74 1,050,000 569,091 484,950 84,141 480,909 During the three months ended September 30, 2024, the Company recorded interest of $ 568,549 426,454 778,874 108,446 4,850,828 As of September 30, 2024, scheduled principal payments due under the fourth Amended Note are as follows: Schedule of Principal Payments Due Year Ending December 31, 2024 $ 4,850,828 Total $ 4,850,828 On March 6, 2024, the conversion price of the Convertible Debt was reduced from $ 1.25 to $ 0.60 pursuant to dilution protection provisions and due to the reduction in warrant exercise prices to $ 0.60 to induce exercise (see Note 7). 3,488,851 0.92 4.83% 89.6% 0% On August 27, 2024, Alpha exercised its Additional Investment Right for the aggregate purchase of 500 shares of Series F Convertible Preferred, convertible into 1,238,237 shares of Common Stock. The previous conversion price of $ 0.60 was reduced to $ 0.4038 as a result of this reduction the Company recorded interest expense of $ 609,537 0.50 4.34% 101.70% 0%

Other Short-Term Loan

Other Short-Term Loan	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Other Short-Term Loan	Note 6 – Other Short-Term Loan On June 21, 2024, the Company entered into an agreement for the purchase and sale of future receipts with a commercial lender pursuant to which the Buyer purchased $ 1,890,000 1,312,500 1,250,000 62,500 640,000 67,500 378,000 AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023 (UNAUDITED) Note 6 – Other Short-Term Loan – Continued On January 24, 2024, the Company entered into an agreement for the purchase and sale of future receipts (the “Future Receipts Agreement”) with an unrelated commercial lender (the “Buyer”) pursuant to which the Buyer purchased $ 1,512,000 1,050,000 1,000,000 50,000 512,000 54,000 1,312,500 In the event the Company is unable to make timely weekly payments due to a business slow down, or if the full Purchased Amount is never remitted due to bankruptcy or other cessation of operations in the ordinary course of business, and the Company has not breached the Future Receipts Agreement, it would not be an event of default. The Company would not owe anything to Buyer and would not be in breach of or default under this Future Receipts Agreement. During the three and nine months ended September 30, 2024, the Company recorded $ 384,000 768,000 1,147,500 384,000 763,500 Schedule of Other Short-Term Loan Purchased Amount Payments Unamortized Debt Discount Balance, Net of Discount Current portion of other short-term loan liability – January 24, 2024 $ 1,512,000 $ (1,512,000 ) $ — $ — Current portion of other short-term loan liability – June 20, 2024 1,890,000 (742,500 ) (384,000 ) 763,500 Total $ 3,402,000 $ (2,254,500 ) $ (384,000 ) $ 763,500

Stockholders_ Equity

Stockholders’ Equity	9 Months Ended
	Sep. 30, 2024
Equity [Abstract]
Stockholders’ Equity	Note 7 – Stockholders’ Equity Common Stock and Warrant Transaction On February 16, 2024, the Company received a notification from an investor to convert $ 100,000 79,828 1.25 On March 6, 2024, the Company entered into a warrant exercise agreement with several institutional investors holding warrants issued to such Investors pursuant a securities purchase agreement, dated as of June 5, 2023, in connection with a private placement. The Exercise Agreement provides that for those Investors who exercise their Existing Warrants they will receive a reduction in the Exercise Price to $ 0.60 497,701 829,500 829,500 AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023 (UNAUDITED) Note 7 – Stockholders’ Equity – Continued On June 5, 2023, the Company entered into a Securities Purchase Agreement (the “Purchase Agreement”) with certain accredited investors (the “Investors”). Pursuant to the terms of the Purchase Agreement, the Company agreed to issue and sell to Investors (i) 836,000 5.00 1,254,000 7.60 4,180,000 5.5 836,000 3,817,400 1,254,000 7.60 Preferred Series F Convertible Stock Purchase History On June 26, 2022, the Company entered into a Securities Purchase Agreement (the “Series F Agreement”) with Alpha. Pursuant to the terms of the Series F Agreement, the Board of Directors of the Company (the “Board”) designated a new series of Preferred Stock, the Series F 5% Preferred Convertible Stock (“Series F”), and authorized the sale and issuance of up to 35,000 On March 9, 2023, the Company received an Investor Notice from Alpha to purchase an additional 3,000 2,381 1,000 8.40 357,136 8.40 3,000,000 On March 6, 2024, in connection with the Assigned Rights, the Company received Investor Notices from Alpha and the Assignees for the aggregate purchase of 1,000 829,394 1.2057 829,394 1.2057 1,000,000 three-year On April 12, 2024, the Company received an Investor Notice from Alpha for the aggregate purchase of 1,050 1,418,919 0.74 1,418,919 0.74 three years 1,050,000 AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023 (UNAUDITED) Note 7 – Stockholders’ Equity-Continued On May 31, 2024, the Company entered into an Assignment Agreement with Alpha pursuant to which, among other things, Alpha transferred and assigned to certain institutional and accredited investors, the rights and obligations to purchase up to $ 525,000 1,050 1,632,970 0.643 1,632,970 0.643 1,050,000 On July 25, 2024, the Company received an Investor Notice from Alpha for the aggregate purchase of 500 1,079,914 0.463 1,079,914 0.463 500,000 On August 27, 2024, the Company received an Investor Notice from Alpha for the aggregate purchase of 500 1,238,237 0.4038 1,238,237 0.4038 500,000 .60 Conversions For the three and nine months ended September 30, 2024, Alpha and other investors converted 1,595 6,475 3,481,757 9,350,474 47,879 158,862 1,000 5 During the three and nine months ended September 30, 2023, Alpha converted 750 2,588 3,000,000 7,304,762 49,122 170,277 1,000 5 As of September 30, 2024, there are 3,700 Down Round Triggers, Anti-dilution, and Deemed Dividends The reduced warrant exercise price of $ 0.60 on March 6, 2024, the March 2024 Down Round Trigger, triggered anti-dilution protection provisions in connection with subsequent equity issuances embedded in the Series F and Common Stock warrants issued with the Series F. The March 2024 Down Round Trigger resulted in the Company recognizing a deemed dividend on the Series F and Series F Warrants of $ 5,102,674 and $ 147,030 , respectively, and an aggregate deemed dividend of $ 5,249,704 for the incremental fair value to the Series F and the Series F Warrant holders resulting from the reduction in conversion price and exercise price. On May 31, 2024, the Company entered into an Assignment Agreement with Alpha pursuant to which, among other things, Alpha transferred and assigned to certain institutional and accredited investors, the rights and obligations to purchase up to $ 525,000 7.60 0.60 7,751 Series F Warrants under the original terms before the Down Round Trigger and the fair value of the Series F Warrants after the Down Round Trigger at the reduced exercise price. AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023 (UNAUDITED) Note 7 – Stockholders’ Equity – Continued The fair value of the Series F Warrants was determined using a Black-Scholes pricing model and the following assumptions: expected life of 4 247.07 4.61 0 On August 27, 2024, Alpha exercised its Additional Investment Right for the aggregate purchase of 500 1,238,237 0.4038 1,238,237 0.4038 500,000 0.60 0.4038 1,450,232 The August 2024 Down Round Triggered anti-dilution protection provisions in connection with subsequent equity issuances embedded in the Series F and Serries F Warrants and reduced the conversion and exercise price of on outstanding Series F and Series F Warrants from $ .60 .4038 1,233,686 216,546 1,450,232 The fair value of the Series F and Series F Warrants was determined using a Black-Scholes pricing model and the following assumptions: expected life of 1 3 101.70 119.75 3.72 4.34 0 The March 2023 Down Round Triggered anti-dilution protection provisions in connection with subsequent equity issuances embedded in the Series F and Serries F Warrants and reduced the conversion and exercise price of on outstanding Series F and Series F Warrants from $ 8.80 8.40 255,976 The March 2023 Down Round Trigger resulted in the Company recognizing a deemed dividend on the Series F and Series F Warrants of $ 217,750 38,226 255,976 The June 2023 Down Round Triggered anti-dilution protection provisions in connection with subsequent equity issuances embedded in the Series F and Serries F Warrants and reduced the conversion and exercise price of any outstanding Series F and Series F Warrants from $ 8.40 5.00 4,654,918 The June 2023 Down Round Trigger resulted in the Company recognizing a deemed dividend on the Series F and Series F Warrants of $ 3,867,095 787,823 AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023 (UNAUDITED) Note 7 – Stockholders’ Equity-Continued Stock-based Compensation The Company determines the fair value of awards granted under the 2017 Omnibus Equity Incentive Plan (the “Equity Plan”) based on the fair value of its Common Stock on the date of grant. Stock-based compensation expenses related to grants under the Equity Plan are included in general and administrative expenses on the condensed consolidated statements of operations and comprehensive loss. For the three and nine-months ended September 30, 2024, the Company recorded $ 16,675 63,791 142,845 1,125,209 All deemed dividends to the Series F stockholder were recorded as additional paid in capital and an increase to accumulated deficit and as an increase to total net loss attributable to Common Stockholders in computing earnings per share on the condensed consolidated statements of operations and comprehensive loss. During the three and nine months ended September 30, 2024, the aggregate deemed dividends recognized on these down round triggers were $ 1,450,232 6,707,687 0 4,910,894 Pension Costs senseFly S.A. sponsors a defined benefit pension plan (the “Defined Benefit Plan”) covering all its employees. The Defined Benefit Plan provides benefits in the event of retirement, death or disability, with benefits based on age and salary. The Defined Benefit Plan is funded through contributions paid by senseFly S.A. and its employees, respectively. The Defined Benefit Plan assets are Groupe Mutuel Prévoyance (“GMP”), which invests these plan assets in cash and cash equivalents, equities, bonds, real estate and alternative investments. The Projected Benefit Obligation (“PBO”) includes in full the accrued liability for the plan death and disability benefits, irrespective of the extent to which these benefits may be reinsured with an insurer. The actuarial valuations are based on the census data as of December 31, 2023, provided by GMP. The Defined Benefit Plan has a PBO in excess of Defined Benefit Plan assets. For the three and nine months ended September 30, 2024, the amounts recognized in accumulated other comprehensive loss related to the Defined Benefit Plan were $ 0 742 43,302 Restricted Stock Units (“RSUs”) For the nine months ended September 30, 2024, a summary of RSU activity is as follows: Summary of RSU Activity Shares Weighted Average Grant Date Fair Value Outstanding as of December 31, 2023 152,703 $ 18.03 Granted 399,073 0.33 Cancelled (2,140 ) 10.09 Vested and released (34,361 ) 15.06 Outstanding as of September 30, 2024 515,275 4.66 Vested as of September 30, 2024 149,046 14.87 Unvested as of September 30, 2024 366,229 $ 0.51 AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023 (UNAUDITED) Note 7 – Stockholders’ Equity-Continued For the nine months ended September 30, 2024, the aggregate fair value of RSU awards at the time of vesting was $ 131,504 For the three and nine months ended September 30, 2024, the Company recognized $ 16,675 47,749 104,809 For the nine months ended September 30, 2023, a summary of RSU activity is as follows: Shares Weighted Average Grant Date Fair Value Outstanding as of December 31, 2022 51,484 $ 46.20 Granted 100,036 7.11 Cancelled (7,677 ) 31.46 Vested and released (19,375 ) 7.68 Outstanding as of September 30, 2023 124,468 21.70 Vested as of September 30, 2023 103,511 20.28 Unvested as of September 30, 2023 20,957 $ 28.70 For the nine months ended September 30, 2023, the aggregate fair value of RSU awards at the time of vesting was $ 710,769 For the three and nine months ended September 30, 2023, the Company recognized $ 86,905 821,321 72,542 Issuance of RSUs to Current Officers and Directors of the Company For the three and nine months ended September 30, 2024, the Company granted 300,000 95,970 For the three and nine months ended September 30, 2024, the Company granted 14,000 25,000 7,560 On September 29, 2023, upon recommendation of the Compensation Committee of the Board (“Compensation Committee”), in lieu of the payment of $ 15,000 45,000 4,412 13,235 45,000 30,000 4,500 15,300 5,100 AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023 (UNAUDITED) Note 7 – Stockholders’ Equity-Continued Stock Options For the nine months ended September 30, 2024, a summary of the options activity is as follows: Schedule of Options Activity Shares Weighted Average Exercise Price Weighted Average Fair Value Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value Outstanding as of December 31, 2023 125,264 $ 40.61 $ 22.04 23.80 $ 45,880 Granted — — — — — Exercised — — — — — Expired/Forfeited (122,514 ) 39.11 21.24 — — Outstanding as of September 30, 2024 2,750 $ 105.96 $ 57.01 1.78 $ — Exercisable as of September 30, 2024 2,750 $ 105.96 $ 57.01 1.78 $ — As of September 30, 2024, the Company had no Intrinsic value is measured using the fair market value at the date of exercise (for shares exercised) or as of September 30, 2024 (for outstanding options), less the applicable exercise price. For the three and nine months ended September 30, 2024, the Company recognized $ 0 16,042 For the nine months ended September 30, 2023, a summary of the options activity is as follows: Shares Weighted Average Exercise Price Weighted Average Fair Value Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value Outstanding as of December 31, 2022 128,059 $ 43.68 $ 23.76 3.33 $ 9,750 Granted 16,250 6.45 2.96 3.02 — Exercised — — — — — Expired/Forfeited (7,230 ) 69.20 38.12 — — Outstanding as of September 30, 2023 137,079 $ 37.92 $ 20.54 2.84 $ 6,194 Exercisable as of September 30, 2023 114,746 $ 43.56 $ 23.70 2.53 $ 6,194 For the three and nine months ended September 30, 2023, the Company recognized $ 55,940 303,888 100,971 AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023 (UNAUDITED) Note 7 – Stockholders’ Equity-Continued For the nine months ended September 30, 2024 and 2023, the significant assumptions relating to the valuation of the Company’s stock options granted were as follows: Schedule of Significant Weighted Average Assumptions 2024 2023 September 30, 2024 2023 Stock price $ — $ 6.40 Dividend yield — % — % Expected life (years) — 3.02 Expected volatility — % 63.64 % Risk-free interest rate — % 4.22 % Cancellations of Options For the nine months ended September 30, 2024 and 2023, as a result of employee terminations and options expirations, stock options aggregating 122,514 7,230 2,543,229 275,636 122,514 45,297 Each option cancelled resulted in a subsequent grant of RSU’s with ratio of 2 RSU’s granted for each option cancelled

Leases

Leases	9 Months Ended
	Sep. 30, 2024
Leases
Leases	Note 8 – Leases Operating Leases For the three and nine months ended September 30, 2024 and 2023, operating lease expense payments were $ 264,854 794,561 267,745 791,558 AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023 (UNAUDITED) Note 8 – Leases-Continued As of September 30, 2024 and December 31, 2023, balance sheet information related to the Company’s operating leases is as follows: Schedule of Company's Operating Leases Balance Sheet Location September 30, 2024 December 31, 2023 Right-of-use-assets $ 2,863,417 $ 3,525,406 Current portion of lease liabilities $ 950,709 $ 901,925 Long-term portion lease liabilities $ 2,006,920 $ 2,721,743 As of September 30, 2024, scheduled future maturities of the Company’s lease liabilities are as follows: Schedule of Future Maturities Lease Liabilities Year Ending December 31, 2024 (rest of year) $ 274,373 2025 1,101,905 2026 880,082 2027 794,458 2028 198,615 Total future minimum lease payments, undiscounted 3,249,433 Less: Amount representing interest (291,804 ) Present value of future minimum lease payments $ 2,957,629 Present value of future minimum lease payments – current $ 950,709 Present value of future minimum lease payments – long-term $ 2,006,920 As of September 30, 2024 and December 31, 2023, the weighted-average lease-term and discount rate of the Company’s leases are as follows: Schedule of Weighted Average Lease-term and Discount Rate Leases Other Information September 30, 2024 December 31, 2023 Weighted-average remaining lease terms (in years) 3.2 3.9 Weighted-average discount rate 6.1 % 6.1 % For the three months and nine months ended September 30, 2024 and 2023, supplemental cash flow information related to leases is as follows: Schedule of Cash Flow Supplemental Information Other Information 2024 2023 2024 2023 For the Three Months Ended For the Nine Months Ended Other Information 2024 2023 2024 2023 Cash paid for amounts included in the measurement of liabilities: Operating cash flows for operating leases $ 264,854 $ 262,445 $ 794,561 $ 790,783 AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023 (UNAUDITED)

Warrants

Warrants	9 Months Ended
	Sep. 30, 2024
Warrants
Warrants	Note 9 – Warrants As previously disclosed in Note 7, we have issued warrants in connection with the sale and issuance of Series F preferred stock and common stock. We also issued to Dawson James Securities, Inc. (“Dawson”) 136,861 1.51 5 A summary of activity related to warrants for the periods presented is as follows: Summary of Activity Related to Warrants Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term Outstanding as of December 31, 2022 1,056,452 0.40 * — Issued – March 2023 357,136 $ 0.40 * — Issued – June 2023 1,254,000 0.40 * — Issued – November 2023 815,958 2.49 — Exercised (250,000 ) — — Outstanding as of December 31, 2023 3,233,546 $ 1.24 — Exercised (829,500 ) 0.60 * — Issued – March 6, 2024 829,394 0.40 ** — Issued – March 7, 2024 136,860 1.51 — Issued – April 12, 2024 1,418,919 0.40 ** — Issued – May 31, 2024 1,632,970 0.40 ** — Issued – July 29, 2024 1,079,914 0.40 ** — Issued – August 27, 2024 1,238,237 0.40 Outstanding as of September 30, 2024 8,740,340 $ 0.62 3.00 Exercisable as of September 30, 2024 8,740,340 $ 0.62 3.00 * Reflects the exercise price after the March 2024 Down Round Trigger events on March 6, 2024 as described above. ** Reflects the exercise price after the August 2024 Down Round Trigger events on August 27, 2024 as described above. As of September 30, 2024, the intrinsic value of the warrants was nil

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 10 – Commitments and Contingencies Existing Employment and Board Agreements The Company has various employment agreements with certain of its executive officers and directors that serve as Board members, which it considers normal and in the ordinary course of business. Except as described below, the Company has no other formal employment agreements with its executive officers, nor any compensatory plans or arrangements resulting from the resignation, retirement, or any other termination of its our named executive officers, from a change in control, or from a change in any executive officer’s responsibilities following a change in control. However, it is possible that the Company will enter into formal employment agreements with its executive officers in the future. Effective as of April 15, 2024, Mr. Grant Begley ceased to serve as the Interim Chief Executive Officer of the Company, and the Company and William (“Bill”) Irby entered into an Executive Employment Agreement (the “Employment Agreement”) setting forth the terms of Bill Irby’s appointment as Chief Executive Officer and Director of the Company effective as of April 15, 2024. As previously announced, Bill Irby had served as President of the Company, since February 12, 2024. Mr. Begley continues as Chairman of the Board of the Company. AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023 (UNAUDITED) Note 10 – Commitments and Contingencies-Continued Pursuant to the Employment Agreement, Bill Irby will receive an annual base salary of $ 375,000 60,000 300,000 On March 6, 2024, AgEagle Aerial Systems Inc. entered into a letter agreement with Dawson pursuant to which Dawson has agreed to serve, on an exclusive basis for a period of four months, as the sole placement agent for the Company, in connection with the offering of equity securities and equity-linked securities of the Company, including any restructuring, exercise and/or conversion solicitation and/or renegotiating the terms of any warrants to purchase shares of common stock, par value $ 0.001 Pursuant to the Engagement Agreement, the Company will pay a cash fee equal to $ 68,862 5 125 Purchase Commitments The Company routinely places orders for manufacturing services and materials. As of September 30, 2024, the Company had purchase commitments of $ 2,531,750

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2024
Segment Reporting [Abstract]
Segment Information	Note 11 – Segment Information Non-allocated administrative and other expenses are reflected in Corporate. Corporate assets include cash, prepaid expenses, notes receivable, right-of-use assets and other 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 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 Net Income (Loss) 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 ) Revenues by Geographic Area 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

RESTATEMENT

RESTATEMENT	9 Months Ended
	Sep. 30, 2024
Restatement
RESTATEMENT	Note 12 – RESTATEMENT The net loss attributable to common stockholders erroneously excluded accrued cumulative dividends on outstanding Series F preferred stock and deemed dividends resulting from the triggering of down round features embedded within outstanding equity-linked financial instruments. Pursuant to ASC 260 Earnings Per Share, income available to common stockholders shall be computed by deducting dividends accumulated for the period on cumulative preferred stock. Also, the value of the effect of a down round feature shall be recognized in an equity-classified freestanding financial instrument when the down round feature is triggered. That effect shall be treated as a dividend and as a reduction of income available to common stockholders in basic and diluted earnings per share. Further, the accrued cumulative dividends and deemed dividends were included as a component of other comprehensive loss. However, pursuant to ASC 220 – Income Statement – Reporting Comprehensive Income items required to be reported as direct adjustments to additional paid-in capital and retained earnings are not considered to be components of other comprehensive income (loss). On November 7, 2024, the audit committee of the Company’s board of directors concluded, after discussion with the Company’s management, that the previously issued consolidated financial statements as of and for the years ended December 31, 2023 and 2022 and the Form 10-Qs for the quarterly periods March 31, 2023, June 30, 2023 and September 30, 2023 should no longer be relied upon due to the errors discussed above and required restatement. As a result of the restatement matter discussed in our Explanatory Note included in this Form 10-Q, the quarterly financial statements for the periods ended March 31, 2024 and June 30, 2024 are being effectively restated in this current Form 10-Q for the period ended September 30, 2024, as follows: Impact of the Restatement – March, June, and September 2023 and March and June 2024 Schedule Of Restatement Statement of Operations Data (Unaudited) As Previously Reported Adjustment As Restated Three Months Ended March 31, 2024 Statement of Operations Data (Unaudited) As Previously Reported Adjustment As Restated Net loss attributable to common stockholders $ (6,315,587 ) $ (5,310,939 ) $ (11,626,526 ) Net loss per common Share - basic $ (0.77 ) $ (0.64 ) $ (1.41 ) Total comprehensive loss, net of tax $ (11,790,179 ) $ 5,310,939 $ (6,479,240 ) Statement of Operations Data (Unaudited) As Previously Reported Adjustment As Restated Three Months Ended March 31, 2023 Statement of Operations Data (Unaudited) Net loss attributable to common stockholders $ (4,599,499 ) $ (322,897 ) $ (4,922,396 ) Net loss per common share - basic (i) $ (1.03 ) $ (0.07 ) $ (1.10 ) Total comprehensive loss, net of tax $ (4,827,792 ) $ 322,897 $ (4,504,895 ) Statement of Operations Data (Unaudited) As Previously Reported Adjustment As Restated Three Months Ended June 30, 2024 Statement of Operations Data (Unaudited) Net loss attributable to common stockholders $ (2,929,708 ) $ (57,499 ) $ (2,987,207 ) Net loss per common share - basic $ (0.24 ) $ — $ (0.24 ) Total comprehensive loss, net of tax $ (2,976,049 ) $ 57,499 $ (2,918,550 ) Statement of Operations Data (Unaudited) As Previously Reported Adjustment As Restated Three Months Ended June 30, 2023 Statement of Operations Data (Unaudited) Net loss attributable to common stockholders $ (5,290,583 ) $ (4,709,152 ) $ (9,999,735 ) Net loss per common share - basic (i) $ (1.10 ) $ (0.98 ) $ (2.08 ) Total comprehensive loss, net of tax $ (9,926,511 ) $ 4,709,152 $ (5,217,359 ) Statement of Operations Data (Unaudited) As Previously Reported Adjustment As Restated Six Months Ended June 30, 2024 Statement of Operations Data (Unaudited) Net loss attributable to common stockholders $ (9,245,295 ) $ (5,368,438 ) $ (14,613,733 ) Net loss per common share - basic $ (0.90 ) $ (0.52 ) $ (1.42 ) Total comprehensive loss, net of tax $ (14,766,228 ) $ 5,368,438 $ (9,397,790 ) Statement of Operations Data (Unaudited) As Previously Reported Adjustment As Restated Six Months Ended June 30, 2023 Statement of Operations Data (Unaudited) Net loss attributable to common stockholders $ (9,890,082 ) $ (5,032,050 ) $ (14,922,132 ) Net loss per common share - basic (i) $ (2.13 ) $ (1.08 ) $ (3.21 ) Total comprehensive loss, net of tax $ (14,754,304 ) $ 5,032,050 $ (9,722,254 ) Three Months Ended September 30, 2023 Statement of Operations Data (Unaudited) Net loss attributable to common stockholders $ (8,020,128 ) $ (49,122 ) $ (8,069,250 ) Net loss per common share – basic (ii) $ (70.00 ) $ (2.64 ) $ (72.64 ) Total comprehensive loss, net of tax $ (8,077,019 ) $ 49,122 $ (8,027,897 ) Nine Months Ended September 30, 2023 Statement of Operations Data (Unaudited) Net loss attributable to common stockholders $ (17,910,210 ) $ (5,081,171 ) $ (22,991,381 ) Net loss per common share - basic (ii) $ (180.00 ) $ (52.29 ) $ (232.29 ) Total comprehensive loss, net of tax $ (22,831,322 ) $ 5,081,171 $ (17,750,151 ) (i) Net loss per common share basic as been retrospectively adjusted for the effect of a 1 to 20 reverse stock split (ii) Adjusted for the effect of a 1 to 50 reverse stock split 1 to 20 reverse stock split AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023 (UNAUDITED)

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2024
Subsequent Events [Abstract]
Subsequent Events	Note 13 – Subsequent Events Management has evaluated subsequent events through the date that the Company’s unaudited condensed consolidated financial statements were issued. Based on this evaluation, the Company has determined that no additional subsequent events have occurred, other than those noted below, which require disclosure through the date that these unaudited condensed consolidated financial statements were issued. Unit Offering We closed the following Offering on October 1, 2024. The Company entered into a placement agency agreement (the “Placement Agency Agreement”) with Spartan Capital Securities, LLC (the “Placement Agent”) in connection with the issuance and sale by the Company in a public offering (the “Offering”) of 26,899,996 0.001 AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023 (UNAUDITED) Note 13 – Subsequent Events- Continued The purchase price of each Common Unit was $ 0.24 0.239 The Units have no stand-alone rights and will not be certificated or issued as stand-alone securities. Each Series A Warrant is immediately exercisable on the date of issuance at an exercise price of the public offering price of the Units of $ 0.24 100 five years Under the alternate cashless exercise option of the Series A Warrants, a holder of the Series A Warrant, has the right to receive an aggregate number of shares equal to the product of (x) the aggregate number of shares of common stock that would be issuable upon a cash exercise of the Series A Warrant and (y) 2.0. In addition, the Series A Warrants and Series B Warrants contain a reset of the exercise price to a price equal to the lesser of (i) the then exercise price and (ii) the lowest volume weighted average price for the five trading days immediately preceding and immediately following the date the Company effects a reverse stock split in the future with a proportionate adjustment to the number of shares underlying the Series A Warrants and Series B Warrants. Finally, with certain exceptions, the Series B Warrants provide for an adjustment to the exercise price and number of shares underlying the Series B Warrants upon the Company’s issuance of its common stock or common stock equivalents at a price per share that is less than the exercise price of the Series B Warrant. AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023 (UNAUDITED Note 13 – Subsequent Events- Continued Each Pre-Funded Warrant is immediately exercisable for one share of common stock at an exercise price of $ 0.001 a holder of Pre-Funded Warrants does not have the right to exercise any portion of its Pre-Funded Warrants if the holder, together with its affiliates, would beneficially own in excess of 4.99% (or, at the election of the holder, such limit may be increased to up to 9.99%) of the number of shares of common stock outstanding immediately after giving effect to such exercise. The Pre-Funded Warrants may be exercised at any time until all of the Pre-Funded Warrants are exercised in ful The shares of common stock, the Pre-Funded Warrants, the Series A Warrants and the Series B Warrants and the shares of common stock issuable upon exercise of the Pre-Funded Warrants, the Series A Warrants and the Series B Warrants described above, were offered by the Company pursuant to a Registration Statement on Form S-1 (File No. 333-281897), filed with the Securities and Exchange Commission (the “SEC”) under the Securities Act of 1933, as amended (the “Securities Act”) and declared effective by the SEC on September 30, 2024. The Company engaged the Placement Agent as the Company’s sole placement agent for the Offering pursuant to the Placement Agency Agreement. Pursuant to the Placement Agency Agreement, the Company agreed to pay the Placement Agent a cash placement fee equal to 8.0 0.5 215,000 Omnibus Agreement The Offering required the consent of Alpha Capital Anstalt the holder of the Convertible Note (Note 5) and the primary holder of our issued and outstanding Series F and Series F Warrants. Pursuant to the Omnibus Agreement, among other things, (i) Alpha consented to the Offering, (ii) Alpha agreed to purchase $ 3,000,000 3,000,000 upon such repayment, $ 2,000,000 333,333.33 1,500 1,500,000 Reverse Stock Split On October 3, 2024, the Board approved a reverse stock split of the Company’s authorized, issued and outstanding shares of common stock, par value $ 0.001 ratio of one (1) share of common stock for every fifty (50) shares of common stock (the “Reverse Stock Split”). On October 14, 2024, after the Reverse Stock Split, the outstanding common stock balance became 824,725 41,220,458 Resignation of Directors and Officers On October 17, 2024, Thomas Gardner, Kelly Anderson and Malcom Frost informed the board of directors (the “Board”) of the Company their decision to resign from the Board and all related Board committees, effectively immediately. Mr. Gardner’s, Mrs. Anderson’s and Mr. Frost’s resignation are not a result of a disagreement or dispute with the Company on any matter regarding its operations, policies or practices. On October 18, 2024, Mark DiSiena, Chief Financial Officer (“CFO”) of the Company, informed the Company that he intends to resign from his role at the Company, to be effective November 15, 2024 (the “Resignation Date”). Mr. DiSiena is expected to remain with the Company through the Resignation Date to assist in the transition of his responsibilities. Mr. DiSiena’s resignation is not a result of a disagreement or dispute with the Company on any matter regarding its operations, policies or practices. On October 25, 2024, the Board of the Company appointed Kevin Lowdermilk to serve as an independent director of the Company, effective immediately. Mr. Lowdermilk was also appointed as a member of the Company’s Audit Committee, the Compensation Committee, and the Nominating and Corporate Governance Committee, effective immediately. On November 1, 2024, the Board of the Company appointed Brent Klavon to serve as an independent director of the Company, effective immediately. Mr. Klavon was also appointed as a member of the Company’s Audit Committee, the Compensation Committee, and the Nominating and Corporate Governance Committee, effective immediately. Mr. Klavon will be chair of the Compensation Committee. On November 14, 2024, AgEagle Aerial Systems, Inc. (the “Company”) appointed Ms. Adrienne Anderson, age 46, to the positions of Interim Chief Financial Officer and Interim Principal Accounting Officer of the Company, effective immediately.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Risks and Uncertainties	Risks and Uncertainties
Use of Estimates	Use of Estimates
Fair Value Measurements and Disclosures	Fair Value Measurements and Disclosures Fair Value Measurement AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023 (UNAUDITED) Note 2 – Summary of Significant Accounting Policies-Continued The guidance requires that assets and liabilities carried at fair value be classified and disclosed in one of the following categories: ● Level 1: Quoted market prices in active markets for identical assets or liabilities. ● Level 2: Observable market-based inputs or unobservable inputs that are corroborated by market data. ● Level 3: Unobservable inputs that are not corroborated by market data. For short-term classes of our financial instruments, which include cash, accounts receivable, prepaid expenses, notes receivable, accounts payable and accrued expenses, their carrying amounts approximate fair value due to their short-term nature. The outstanding loan related to the COVID Loans is carried at face value, which approximates fair value. As of September 30, 2024 and December 31, 2023, the Company did not have any financial assets or liabilities measured and recorded at fair value on the Company’s condensed consolidated balance sheets on a recurring basis.
Inventories	Inventories
Cash Concentrations	Cash Concentrations 250,000 250,000
Accounts Receivable and Credit Policy	Accounts Receivable and Credit Policy – Trade receivables due from customers are uncollateralized customer obligations due under normal and customary trade terms. Trade receivables are stated at the amount billed to the customer. As of September 30, 2024 and December 31, 2023, the Company had an accounts receivable balance of $ 2,156,425 and $ 2,057,546 , respectively. The Company generally does not charge interest on overdue customer account balances. Payments of trade receivables are allocated to the specific invoices identified on the customer’s remittance advice or, if unspecified, are applied to the earliest unpaid invoices. The Company estimates an allowance for credit losses based upon an evaluation of the current status of trade receivables, historical experience, and other factors as necessary. It is reasonably possible that the Company’s estimate of the allowance for credit losses will change. AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023 (UNAUDITED) Note 2 – Summary of Significant Accounting Policies-Continued
Allowance for Credit Losses	Allowance for Credit Losses 0 158,689 Our net accounts receivable represents amounts billed and due from customers. Based on historical perspective, nearly all of our accounts receivable as of September 30, 2024 would be collected in calendar year 2024 because the majority of our accounts receivable are due from value added resellers (“VARs”) and sovereign governments, including the U.S. Department of Defense. However, under the new guidance, the Company has elected to recognize credit losses based on our collection history and our customers payment terms.
Revenue Recognition	Revenue Recognition Revenue from Contracts with Customers Generally, we recognize revenue when it satisfies its obligation by providing the benefits of the service to the customer, either over time or at a point in time. A performance obligation is satisfied over time if one of the following criteria are met: a. the customer simultaneously receives and consumes the benefits as the entity performs; or b. the entity’s performance creates or enhances an asset that the customer controls as the asset is created or enhanced; or c. the entity’s performance does not create an asset with an alternative use to the entity, and the entity has an enforceable right to payment for performance completed to date. Revenue recognition under ASC 606 as described below creates following revenue streams: ● Sensor Sales – sales are recognized on products when the related goods have been shipped, title has passed to the customer, and there are no undeliverable elements or uncertainties. Amounts incurred related to shipping and handling are included in cost of revenue. ● Drone Sales - sales are recognized on products when the related goods have been shipped, title has passed to the customer, and there are no undeliverable elements or uncertainties. Amounts incurred related to shipping and handling are included in cost of revenue. ● Software Sales – are subscription sales of our software that are recognized equally over the membership period as the services are provided. The Company recognizes revenue on sales to customers, dealers, and distributors upon satisfaction of performance obligations which occurs once controls transfer to customers, which is when product is shipped or delivered depending on specific shipping terms and, where applicable, a customer acceptance has been obtained. The fee is not considered to be fixed or determinable until all material contingencies related to the sales have been resolved. The Company records revenue in the condensed consolidated statements of operations and comprehensive loss net of any sales and use, value added, or certain excise taxes imposed by governmental authorities on specific sales transactions and net of any discounts, allowances and returns. Under fixed-price contracts, the Company agrees to perform the specified work for a pre-determined price. To the extent the Company’s actual costs vary from the estimates upon which the price was negotiated, it will generate more or less profit or could incur a loss. The Company accounts for a contract after it has been approved by all parties to the arrangement, the rights of the parties are identified, payment terms are identified, the contract has commercial substance and collectability of consideration is probable. AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023 (UNAUDITED) Note 2 – Summary of Significant Accounting Policies-Continued The Company’s software subscriptions to its platforms, HempOverview Ground Control Additionally, customer payments received in advance of the Company completing performance obligations are recorded as contract liabilities. Customer deposits represent customer prepayments and are recognized as revenue when the term of the sale or performance obligation is completed. As of September 30, 2024 and December 31, 2023, contract liabilities represent amounts of $ 861,411 226,316
Internal- Use Software Costs	Internal- Use Software Costs Internal-Use Software three five years As of September 30, 2024 and December 31 2023, capitalized software costs for internal-use software related to the Company’s implementation of its enterprise resource planning software, totaled $ 370,785 582,148
Goodwill and Intangible Assets	Goodwill and Intangible Assets As of September 30, 2024 and December 31, 2023, the goodwill balance was $ 7,402,644 AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023 (UNAUDITED) Note 2 – Summary of Significant Accounting Policies-Continued As of September 30, 2024 and December 31, 2023, our intangible assets balance was $ 2,141,477 2,615,281
Foreign Currency	Foreign Currency
Shipping Costs	Shipping Costs 51,510 68,966 211,781 191,447
Advertising Costs	Advertising Costs 4,412 44,701 10,489 113,119
Loss Per Common Share and Potentially Dilutive Securities	Loss Per Common Share and Potentially Dilutive Securities 366,229 8,740,340 2,750 9,162,952 9,630 3,233,546 125,264 25,100,000
Segment Reporting	Segment Reporting Segment Reporting AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023 (UNAUDITED) Note 2 – Summary of Significant Accounting Policies-Continued The Company has determined that it operates in four segments: ● Drones, which comprises revenues earned from contractual arrangements to develop, manufacture and /or modify complex drone related products, and to provide associated engineering, technical and other services according to customer specifications. ● Sensors, which comprises the revenue earned through the sale of sensors, cameras, and related accessories. ● Software as a service (“SaaS”), which comprises revenue earned through the offering of online-based subscriptions. ● Corporate, which comprises corporate costs only.
New Accounting Pronouncements	New Accounting Pronouncements In December 2023, Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosure The guidance requires the rate reconciliation to include specific categories and provides further guidance on disaggregation of those categories based on a quantitative threshold equal to 5% or more of the amount determined by multiplying pretax income (loss) from continuing operations by the applicable statutory rate. For entities reconciling to the US statutory rate of 21%, this would generally require disclosing any reconciling items that impact the rate by 1.05% or more. ASU 2023-09 is effective for public business entities for annual periods beginning after December 15, 2024 (generally, calendar year 2025) and effective for all other business entities one year later. Entities should adopt this guidance on a prospective basis, though retrospective application is permitted. In November 2023, the FASB issued ASU 2023-07, Segment Reporting – Improvements to Reportable Segment Disclosu ● significant to the segment, ● regularly provided to or easily computed from information regularly provided to the chief operating decision maker and ● included in the reported measure of segment profit or loss. The ASU is effective for public entities for fiscal years beginning after December 15, 2023, and interim periods in fiscal years beginning after December 15, 2024 (calendar year public entity will adopt the ASU in its 2024 Form 10-K). The ASU should be adopted retrospectively unless it’s impracticable to do so. Early adoption of the ASU is permitted, including in an interim period. The adoption of ASU 2023-07 is expected to have a financial statement disclosure impact only and is not expected to have a material impact on the Company’s condensed consolidated financial statements.

Balance Sheets (Tables)

Balance Sheets (Tables)	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Accounts Receivable, Net	As of September 30, 2024 and December 31, 2023, accounts receivable, net consist of the following: Schedule of Accounts Receivable, Net September 30, 2024 December 31, 2023 Accounts receivable $ 2,156,425 $ 2,216,235 Less: Allowance for credit losses * — (158,689 ) Accounts receivable, net $ 2,156,425 $ 2,057,546 * Allowance for credit losses - Accounts receivable, net represent amounts billed and due from customers. Substantially all accounts receivable on September 30, 2024 are expected to be collected in 2024.
Schedule of Inventories	As of September 30, 2024 and December 31, 2023, inventories, net consist of the following: Schedule of Inventories September 30, 2024 December 31, 2023 Raw materials $ 3,695,961 $ 4,648,966 Work in process 957,346 903,217 Finished goods 1,629,947 1,806,239 Gross inventories 6,283,254 7,358,422 Less: Provision for obsolescence (397,896 ) (421,442 ) Inventories, net $ 5,885,358 $ 6,936,980
Schedule of Prepaid and Other Current Assets	As of September 30, 2024 and December 31, 2023, prepaid and other current assets consist of the following: Schedule of Prepaid and Other Current Assets September 30, 2024 December 31, 2023 Prepaid inventories $ 125,801 $ 12,738 Prepaid software licenses and annual fees 113,858 182,510 Prepaid rent 48,993 51,497 Prepaid insurance 74,374 166,210 Prepaid value-added tax charges 98,512 63,209 Prepaid other and other current assets 50,945 72,397 Prepaid and other current assets $ 512,483 $ 548,561
Schedule of Property and Equipment, Net	As of September 30, 2024 and December 31, 2023, property and equipment, net consist of the following: Schedule of Property and Equipment, Net Type Useful Life (Years) September 30, 2024 December 31, 2023 Estimated Type Useful Life (Years) September 30, 2024 December 31, 2023 Leasehold improvements 3 $ 89,272 $ 136,382 Production tools and equipment 5 912,052 1,003,726 Computer and office equipment 3 5 376,863 407,747 Furniture 5 59,712 74,420 Drone equipment 3 130,163 170,109 Total property and equipment 1,568,062 1,792,384 Less: Accumulated depreciation (1,023,134 ) (992,492 ) Total Property and equipment, net $ 544,928 $ 799,892
Schedule of Intangible Assets, Net	As of September 30, 2024 and December 31, 2023, intangible assets, net, other than goodwill, consist of following: Schedule of Intangible Assets, Net Name Estimated Balance as of Additions Amortization Balance as of Intellectual property/technology 5 7 $ 606,354 $ — $ (111,371 ) $ 494,983 Customer base 3 10 999,774 — (105,858 ) 893,916 Trade names and trademarks 5 10 427,005 — (45,212 ) 381,793 Internal use software costs 3 582,148 72,102 (283,465 ) 370,785 Total intangibles assets, net $ 2,615,281 $ 72,102 $ (545,906 ) $ 2,141,477
Schedule of Intangible Assets Future Amortization Expenses	For the following years ending, the future amortization expense consists of the following: Schedule of Intangible Assets Future Amortization Expenses (rest of year) 2024 2025 2026 2027 2028 Thereafter Total For the Years Ending December 31, (rest of year) 2024 2025 2026 2027 2028 Thereafter Total Intellectual property/technology $ 37,124 $ 148,495 $ 148,495 $ 148,495 $ 12,374 $ — $ 494,983 Customer base 35,286 141,145 141,145 141,145 141,145 294,050 893,916 Trade names and trademarks 15,071 60,283 60,283 60,283 60,283 125,590 381,793 Internal use software costs 97,061 215,286 48,523 9,915 — — 370,785 Total intangible assets, net $ 184,542 $ 565,209 $ 398,446 $ 359,838 $ 213,802 $ 419,640 $ 2,141,477
Schedule of Accrued Liabilities	As of September 30, 2024 and December 31, 2023, accrued liabilities consist of the following: Schedule of Accrued Liabilities September 30, 2024 December 31, 2023 Accrued purchases $ — $ 290,126 Accrued compensation and related liabilities 724,168 278,794 Provision for warranty expense 308,216 303,217 Accrued dividends 671,089 512,227 Accrued professional fees 180,852 211,086 Accrued interest 108,446 326,945 Other 21,456 21,957 Total accrued liabilities $ 2,014,227 $ 1,944,352

COVID Loans (Tables)

COVID Loans (Tables)	9 Months Ended
	Sep. 30, 2024
Covid Loans
Schedule of Maturity of SenseFly Covid Loans	As of September 30, 2024, scheduled principal payments due under the senseFly COVID Loans are as follows: Schedule of Maturity of SenseFly Covid Loans Year ending December 31, 2024 (rest of year) $ 166,724 2025 195,754 2026 98,073 2027 199,276 Total $ 659,827

Promissory Note and Exchange _2

Promissory Note and Exchange Agreement (Tables)	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Schedule of Principal Payments Due	As of September 30, 2024, scheduled principal payments due under the fourth Amended Note are as follows: Schedule of Principal Payments Due Year Ending December 31, 2024 $ 4,850,828 Total $ 4,850,828

Other Short-Term Loan (Tables)

Other Short-Term Loan (Tables)	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Schedule of Other Short-Term Loan	Schedule of Other Short-Term Loan Purchased Amount Payments Unamortized Debt Discount Balance, Net of Discount Current portion of other short-term loan liability – January 24, 2024 $ 1,512,000 $ (1,512,000 ) $ — $ — Current portion of other short-term loan liability – June 20, 2024 1,890,000 (742,500 ) (384,000 ) 763,500 Total $ 3,402,000 $ (2,254,500 ) $ (384,000 ) $ 763,500

Stockholders_ Equity (Tables)

Stockholders’ Equity (Tables)	9 Months Ended
	Sep. 30, 2024
Equity [Abstract]
Summary of RSU Activity	For the nine months ended September 30, 2024, a summary of RSU activity is as follows: Summary of RSU Activity Shares Weighted Average Grant Date Fair Value Outstanding as of December 31, 2023 152,703 $ 18.03 Granted 399,073 0.33 Cancelled (2,140 ) 10.09 Vested and released (34,361 ) 15.06 Outstanding as of September 30, 2024 515,275 4.66 Vested as of September 30, 2024 149,046 14.87 Unvested as of September 30, 2024 366,229 $ 0.51 For the nine months ended September 30, 2023, a summary of RSU activity is as follows: Shares Weighted Average Grant Date Fair Value Outstanding as of December 31, 2022 51,484 $ 46.20 Granted 100,036 7.11 Cancelled (7,677 ) 31.46 Vested and released (19,375 ) 7.68 Outstanding as of September 30, 2023 124,468 21.70 Vested as of September 30, 2023 103,511 20.28 Unvested as of September 30, 2023 20,957 $ 28.70
Schedule of Options Activity	For the nine months ended September 30, 2024, a summary of the options activity is as follows: Schedule of Options Activity Shares Weighted Average Exercise Price Weighted Average Fair Value Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value Outstanding as of December 31, 2023 125,264 $ 40.61 $ 22.04 23.80 $ 45,880 Granted — — — — — Exercised — — — — — Expired/Forfeited (122,514 ) 39.11 21.24 — — Outstanding as of September 30, 2024 2,750 $ 105.96 $ 57.01 1.78 $ — Exercisable as of September 30, 2024 2,750 $ 105.96 $ 57.01 1.78 $ — For the nine months ended September 30, 2023, a summary of the options activity is as follows: Shares Weighted Average Exercise Price Weighted Average Fair Value Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value Outstanding as of December 31, 2022 128,059 $ 43.68 $ 23.76 3.33 $ 9,750 Granted 16,250 6.45 2.96 3.02 — Exercised — — — — — Expired/Forfeited (7,230 ) 69.20 38.12 — — Outstanding as of September 30, 2023 137,079 $ 37.92 $ 20.54 2.84 $ 6,194 Exercisable as of September 30, 2023 114,746 $ 43.56 $ 23.70 2.53 $ 6,194
Schedule of Significant Weighted Average Assumptions	For the nine months ended September 30, 2024 and 2023, the significant assumptions relating to the valuation of the Company’s stock options granted were as follows: Schedule of Significant Weighted Average Assumptions 2024 2023 September 30, 2024 2023 Stock price $ — $ 6.40 Dividend yield — % — % Expected life (years) — 3.02 Expected volatility — % 63.64 % Risk-free interest rate — % 4.22 %

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2024
Leases
Schedule of Company's Operating Leases	As of September 30, 2024 and December 31, 2023, balance sheet information related to the Company’s operating leases is as follows: Schedule of Company's Operating Leases Balance Sheet Location September 30, 2024 December 31, 2023 Right-of-use-assets $ 2,863,417 $ 3,525,406 Current portion of lease liabilities $ 950,709 $ 901,925 Long-term portion lease liabilities $ 2,006,920 $ 2,721,743
Schedule of Future Maturities Lease Liabilities	As of September 30, 2024, scheduled future maturities of the Company’s lease liabilities are as follows: Schedule of Future Maturities Lease Liabilities Year Ending December 31, 2024 (rest of year) $ 274,373 2025 1,101,905 2026 880,082 2027 794,458 2028 198,615 Total future minimum lease payments, undiscounted 3,249,433 Less: Amount representing interest (291,804 ) Present value of future minimum lease payments $ 2,957,629 Present value of future minimum lease payments – current $ 950,709 Present value of future minimum lease payments – long-term $ 2,006,920
Schedule of Weighted Average Lease-term and Discount Rate Leases	As of September 30, 2024 and December 31, 2023, the weighted-average lease-term and discount rate of the Company’s leases are as follows: Schedule of Weighted Average Lease-term and Discount Rate Leases Other Information September 30, 2024 December 31, 2023 Weighted-average remaining lease terms (in years) 3.2 3.9 Weighted-average discount rate 6.1 % 6.1 %
Schedule of Cash Flow Supplemental Information	For the three months and nine months ended September 30, 2024 and 2023, supplemental cash flow information related to leases is as follows: Schedule of Cash Flow Supplemental Information Other Information 2024 2023 2024 2023 For the Three Months Ended For the Nine Months Ended Other Information 2024 2023 2024 2023 Cash paid for amounts included in the measurement of liabilities: Operating cash flows for operating leases $ 264,854 $ 262,445 $ 794,561 $ 790,783

Warrants (Tables)

Warrants (Tables)	9 Months Ended
	Sep. 30, 2024
Warrants
Summary of Activity Related to Warrants	A summary of activity related to warrants for the periods presented is as follows: Summary of Activity Related to Warrants Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term Outstanding as of December 31, 2022 1,056,452 0.40 * — Issued – March 2023 357,136 $ 0.40 * — Issued – June 2023 1,254,000 0.40 * — Issued – November 2023 815,958 2.49 — Exercised (250,000 ) — — Outstanding as of December 31, 2023 3,233,546 $ 1.24 — Exercised (829,500 ) 0.60 * — Issued – March 6, 2024 829,394 0.40 ** — Issued – March 7, 2024 136,860 1.51 — Issued – April 12, 2024 1,418,919 0.40 ** — Issued – May 31, 2024 1,632,970 0.40 ** — Issued – July 29, 2024 1,079,914 0.40 ** — Issued – August 27, 2024 1,238,237 0.40 Outstanding as of September 30, 2024 8,740,340 $ 0.62 3.00 Exercisable as of September 30, 2024 8,740,340 $ 0.62 3.00 * Reflects the exercise price after the March 2024 Down Round Trigger events on March 6, 2024 as described above. ** Reflects the exercise price after the August 2024 Down Round Trigger events on August 27, 2024 as described above.

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	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

RESTATEMENT (Tables)

RESTATEMENT (Tables)	9 Months Ended
	Sep. 30, 2024
Restatement
Schedule Of Restatement	As a result of the restatement matter discussed in our Explanatory Note included in this Form 10-Q, the quarterly financial statements for the periods ended March 31, 2024 and June 30, 2024 are being effectively restated in this current Form 10-Q for the period ended September 30, 2024, as follows: Impact of the Restatement – March, June, and September 2023 and March and June 2024 Schedule Of Restatement Statement of Operations Data (Unaudited) As Previously Reported Adjustment As Restated Three Months Ended March 31, 2024 Statement of Operations Data (Unaudited) As Previously Reported Adjustment As Restated Net loss attributable to common stockholders $ (6,315,587 ) $ (5,310,939 ) $ (11,626,526 ) Net loss per common Share - basic $ (0.77 ) $ (0.64 ) $ (1.41 ) Total comprehensive loss, net of tax $ (11,790,179 ) $ 5,310,939 $ (6,479,240 ) Statement of Operations Data (Unaudited) As Previously Reported Adjustment As Restated Three Months Ended March 31, 2023 Statement of Operations Data (Unaudited) Net loss attributable to common stockholders $ (4,599,499 ) $ (322,897 ) $ (4,922,396 ) Net loss per common share - basic (i) $ (1.03 ) $ (0.07 ) $ (1.10 ) Total comprehensive loss, net of tax $ (4,827,792 ) $ 322,897 $ (4,504,895 ) Statement of Operations Data (Unaudited) As Previously Reported Adjustment As Restated Three Months Ended June 30, 2024 Statement of Operations Data (Unaudited) Net loss attributable to common stockholders $ (2,929,708 ) $ (57,499 ) $ (2,987,207 ) Net loss per common share - basic $ (0.24 ) $ — $ (0.24 ) Total comprehensive loss, net of tax $ (2,976,049 ) $ 57,499 $ (2,918,550 ) Statement of Operations Data (Unaudited) As Previously Reported Adjustment As Restated Three Months Ended June 30, 2023 Statement of Operations Data (Unaudited) Net loss attributable to common stockholders $ (5,290,583 ) $ (4,709,152 ) $ (9,999,735 ) Net loss per common share - basic (i) $ (1.10 ) $ (0.98 ) $ (2.08 ) Total comprehensive loss, net of tax $ (9,926,511 ) $ 4,709,152 $ (5,217,359 ) Statement of Operations Data (Unaudited) As Previously Reported Adjustment As Restated Six Months Ended June 30, 2024 Statement of Operations Data (Unaudited) Net loss attributable to common stockholders $ (9,245,295 ) $ (5,368,438 ) $ (14,613,733 ) Net loss per common share - basic $ (0.90 ) $ (0.52 ) $ (1.42 ) Total comprehensive loss, net of tax $ (14,766,228 ) $ 5,368,438 $ (9,397,790 ) Statement of Operations Data (Unaudited) As Previously Reported Adjustment As Restated Six Months Ended June 30, 2023 Statement of Operations Data (Unaudited) Net loss attributable to common stockholders $ (9,890,082 ) $ (5,032,050 ) $ (14,922,132 ) Net loss per common share - basic (i) $ (2.13 ) $ (1.08 ) $ (3.21 ) Total comprehensive loss, net of tax $ (14,754,304 ) $ 5,032,050 $ (9,722,254 ) Three Months Ended September 30, 2023 Statement of Operations Data (Unaudited) Net loss attributable to common stockholders $ (8,020,128 ) $ (49,122 ) $ (8,069,250 ) Net loss per common share – basic (ii) $ (70.00 ) $ (2.64 ) $ (72.64 ) Total comprehensive loss, net of tax $ (8,077,019 ) $ 49,122 $ (8,027,897 ) Nine Months Ended September 30, 2023 Statement of Operations Data (Unaudited) Net loss attributable to common stockholders $ (17,910,210 ) $ (5,081,171 ) $ (22,991,381 ) Net loss per common share - basic (ii) $ (180.00 ) $ (52.29 ) $ (232.29 ) Total comprehensive loss, net of tax $ (22,831,322 ) $ 5,081,171 $ (17,750,151 ) (i) Net loss per common share basic as been retrospectively adjusted for the effect of a 1 to 20 reverse stock split (ii) Adjusted for the effect of a 1 to 50 reverse stock split 1 to 20 reverse stock split

Description of the Business a_2

Description of the Business and Basis of Presentation (Details Narrative) - USD ($)			3 Months Ended		9 Months Ended
	Feb. 09, 2024	Feb. 08, 2024	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Accounting Policies [Abstract]
Reverse stock split, description	1 to 20 reverse stock split	1-for-20 reverse stock split			1 to 50 reverse stock split
Common stock, par value		$ 0.001	$ 0.001		$ 0.001		$ 0.001
Net loss			$ 3,459,754	$ 8,020,128	$ 12,705,049	$ 17,910,210
Cash used in operating activities					4,056,700	$ 8,829,669
Working capital deficit			4,541,048		4,541,048
Accumulated deficit			$ 184,995,827		$ 184,995,827		$ 165,583,091

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details Narrative) - USD ($)		3 Months Ended		9 Months Ended		12 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Cash FDIC insured limit		$ 250,000		$ 250,000
Accounts receivable balance		2,156,425		2,156,425		$ 2,057,546
Allowance for credit losses	[1]					158,689
Contract liabilities		861,411		861,411		226,316
Capitalized software development costs for internal-use software		370,785		370,785		582,148
Goodwill balance		7,402,644		7,402,644		7,402,644
Intangible assets, net		2,141,477		2,141,477		$ 2,615,281
Shipping costs		51,510	$ 68,966	211,781	$ 191,447
Advertising costs		$ 4,412	$ 44,701	$ 10,489	$ 113,119
Income tax rate reconciliation description				The guidance requires the rate reconciliation to include specific categories and provides further guidance on disaggregation of those categories based on a quantitative threshold equal to 5% or more of the amount determined by multiplying pretax income (loss) from continuing operations by the applicable statutory rate. For entities reconciling to the US statutory rate of 21%, this would generally require disclosing any reconciling items that impact the rate by 1.05% or more. ASU 2023-09 is effective for public business entities for annual periods beginning after December 15, 2024 (generally, calendar year 2025) and effective for all other business entities one year later. Entities should adopt this guidance on a prospective basis, though retrospective application is permitted.
Series F Preferred Stock [Member]
Property, Plant and Equipment [Line Items]
Antidilutive securities		9,162,952		9,162,952		25,100,000
Restricted Stock Units (RSUs) [Member]
Property, Plant and Equipment [Line Items]
Antidilutive securities				366,229		9,630
Warrant [Member]
Property, Plant and Equipment [Line Items]
Antidilutive securities				8,740,340		3,233,546
Share-Based Payment Arrangement, Option [Member]
Property, Plant and Equipment [Line Items]
Antidilutive securities				2,750		125,264
Minimum [Member]
Property, Plant and Equipment [Line Items]
Finite-lived intangible asset, estimated useful life		3 years		3 years
Maximum [Member]
Property, Plant and Equipment [Line Items]
Finite-lived intangible asset, estimated useful life		5 years		5 years
[1]Allowance for credit losses - Accounts receivable, net represent amounts billed and due from customers. Substantially all accounts receivable on September 30, 2024 are expected to be collected in 2024.

Schedule of Accounts Receivable

Schedule of Accounts Receivable, Net (Details) - USD ($)		Sep. 30, 2024	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accounts receivable		$ 2,156,425	$ 2,216,235
Less: Allowance for credit losses	[1]		(158,689)
Accounts receivable, net		$ 2,156,425	$ 2,057,546
[1]Allowance for credit losses - Accounts receivable, net represent amounts billed and due from customers. Substantially all accounts receivable on September 30, 2024 are expected to be collected in 2024.

Schedule of Inventories (Detail

Schedule of Inventories (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Raw materials	$ 3,695,961	$ 4,648,966
Work in process	957,346	903,217
Finished goods	1,629,947	1,806,239
Gross inventories	6,283,254	7,358,422
Less: Provision for obsolescence	(397,896)	(421,442)
Inventories, net	$ 5,885,358	$ 6,936,980

Schedule of Prepaid and Other C

Schedule of Prepaid and Other Current Assets (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Prepaid inventories	$ 125,801	$ 12,738
Prepaid software licenses and annual fees	113,858	182,510
Prepaid rent	48,993	51,497
Prepaid insurance	74,374	166,210
Prepaid value-added tax charges	98,512	63,209
Prepaid other and other current assets	50,945	72,397
Prepaid and other current assets	$ 512,483	$ 548,561

Schedule of Property and Equipm

Schedule of Property and Equipment, Net (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 1,568,062	$ 1,792,384
Less: Accumulated depreciation	(1,023,134)	(992,492)
Total Property and equipment, net	544,928	799,892
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 89,272	136,382
Estimated useful life	3 years
Production Tools and Equipment [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 912,052	1,003,726
Estimated useful life	5 years
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 376,863	407,747
Computer Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	3 years
Computer Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	5 years
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 59,712	74,420
Estimated useful life	5 years
Drone Equipment [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 130,163	$ 170,109
Estimated useful life	3 years

Schedule of Intangible Assets,

Schedule of Intangible Assets, Net (Details)	9 Months Ended
	Sep. 30, 2024 USD ($)
Finite-Lived Intangible Assets [Line Items]
Beginning balance	$ 2,615,281
Additions	72,102
Amortization	(545,906)
Ending balance	$ 2,141,477
Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated life	3 years
Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated life	5 years
Intellectual Property [Member]
Finite-Lived Intangible Assets [Line Items]
Beginning balance	$ 606,354
Additions
Amortization	(111,371)
Ending balance	$ 494,983
Intellectual Property [Member] | Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated life	5 years
Intellectual Property [Member] | Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated life	7 years
Customer-Related Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Beginning balance	$ 999,774
Additions
Amortization	(105,858)
Ending balance	$ 893,916
Customer-Related Intangible Assets [Member] | Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated life	3 years
Customer-Related Intangible Assets [Member] | Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated life	10 years
Trademarks and Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Beginning balance	$ 427,005
Additions
Amortization	(45,212)
Ending balance	$ 381,793
Trademarks and Trade Names [Member] | Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated life	5 years
Trademarks and Trade Names [Member] | Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated life	10 years
Computer Software, Intangible Asset [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated life	3 years
Beginning balance	$ 582,148
Additions	72,102
Amortization	(283,465)
Ending balance	$ 370,785

Schedule of Intangible Assets F

Schedule of Intangible Assets Future Amortization Expenses (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
2024	$ 184,542
2025	565,209
2026	398,446
2027	359,838
2028	213,802
Thereafter	419,640
Total	2,141,477	$ 2,615,281
Intellectual Property [Member]
Finite-Lived Intangible Assets [Line Items]
2024	37,124
2025	148,495
2026	148,495
2027	148,495
2028	12,374
Thereafter
Total	494,983	606,354
Customer-Related Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
2024	35,286
2025	141,145
2026	141,145
2027	141,145
2028	141,145
Thereafter	294,050
Total	893,916	999,774
Trademarks and Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
2024	15,071
2025	60,283
2026	60,283
2027	60,283
2028	60,283
Thereafter	125,590
Total	381,793	427,005
Computer Software, Intangible Asset [Member]
Finite-Lived Intangible Assets [Line Items]
2024	97,061
2025	215,286
2026	48,523
2027	9,915
2028
Thereafter
Total	$ 370,785	$ 582,148

Schedule of Accrued Liabilities

Schedule of Accrued Liabilities (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accrued purchases		$ 290,126
Accrued compensation and related liabilities	724,168	278,794
Provision for warranty expense	308,216	303,217
Accrued dividends	671,089	512,227
Accrued professional fees	180,852	211,086
Accrued interest	108,446	326,945
Other	21,456	21,957
Total accrued liabilities	$ 2,014,227	$ 1,944,352

Balance Sheets (Details Narrati

Balance Sheets (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Depreciation expense	$ 83,315	$ 93,614	$ 269,642	$ 293,538
Weighted average remaining amortization period	2 years 7 months 2 days		2 years 7 months 2 days
Amortization expense	$ 184,656	$ 545,906	$ 919,774	$ 2,734,106

Schedule of Maturity of SenseFl

Schedule of Maturity of SenseFly Covid Loans (Details) - Sensefly Covid Loans [Member]	Sep. 30, 2024 USD ($)
Short-Term Debt [Line Items]
2024 (rest of year)	$ 166,724
2025	195,754
2026	98,073
2027	199,276
Total	$ 659,827

COVID Loans (Details Narrative)

COVID Loans (Details Narrative) - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2024	Jul. 27, 2020
Short-Term Debt [Line Items]
Repayments Of Covid Loans	$ 0	$ 212,391
Sensefly Covid Loans [Member]
Short-Term Debt [Line Items]
Fair value of borrowed covid loan			$ 1,440,046
Debt Instrument, Debt Default, Amount	$ 659,827	$ 659,827

Schedule of Principal Payments

Schedule of Principal Payments Due (Details) - Fourth Amended Note [Member]	Sep. 30, 2024 USD ($)
Short-Term Debt [Line Items]
2024	$ 4,850,828
Total	$ 4,850,828

Promissory Note and Exchange _3

Promissory Note and Exchange Agreement (Details Narrative)														1 Months Ended				3 Months Ended		9 Months Ended
	Aug. 27, 2024 USD ($) $ / shares shares	Jul. 25, 2024 $ / shares shares	May 31, 2024 USD ($) $ / shares shares	Apr. 12, 2024 USD ($) $ / shares shares	Apr. 01, 2024 USD ($)	Mar. 06, 2024 USD ($) $ / shares shares	Feb. 16, 2024 USD ($) $ / shares shares	Feb. 08, 2024 USD ($) $ / shares	Nov. 01, 2023 USD ($)	Oct. 05, 2023 USD ($)	Sep. 15, 2023 USD ($) shares	Jun. 05, 2023 $ / shares shares	Dec. 06, 2022 USD ($) $ / shares shares	Apr. 30, 2024 USD ($)	Aug. 31, 2023 USD ($)	Jul. 31, 2023 USD ($)	Jun. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) shares	Sep. 30, 2023 shares	Sep. 30, 2024 USD ($) shares	Sep. 30, 2023 shares	Jun. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)	Aug. 14, 2023 USD ($)
Short-Term Debt [Line Items]
Original issue discount percent													4%
Principal balance																		$ 3,402,000		$ 3,402,000
Number of warrant to purchase | shares													250,000
Exercise price | $ / shares						$ 0.60							$ 8.80
Interest rate													8%
Net proceeds													$ 3,285,000
Original issue discount													140,000
Issuance costs													$ 75,000
Long term debt																		4,850,828		4,850,828			$ 4,504,500
Net proceeds percentage										50%
Net proceeds										$ 2,000,000
Interest expense	$ 609,537					$ 3,488,851
Accrued interest																		$ 108,446		$ 108,446			$ 326,945
Measurement Input, Expected Term [Member]
Short-Term Debt [Line Items]
Expected term	6 months					11 months 1 day
Measurement Input, Risk Free Interest Rate [Member]
Short-Term Debt [Line Items]
Debt instrument input	4.34					4.83
Measurement Input, Price Volatility [Member]
Short-Term Debt [Line Items]
Debt instrument input	101.70					89.06
Measurement Input, Expected Dividend Rate [Member]
Short-Term Debt [Line Items]
Debt instrument input	0					0
Investor [Member]
Short-Term Debt [Line Items]
Number of warrant to purchase | shares						829,394
Exercise price | $ / shares						$ 1.2057
Number of shares conversion value							$ 100,000
Number of shares conversion | shares							79,828
Conversion exercise price | $ / shares	$ 0.4038	$ 0.463	$ 0.643	$ 0.74			$ 1.25
Conversion price | $ / shares				$ 0.74		$ 1.2057
Aggregate purchase price			$ 1,050,000	$ 1,050,000
Retained payment to promissory note				$ 569,091
Scheduled principal payment														$ 484,950
Principal payment interest														84,141
Proceeds from notes receivable														$ 480,909
Investor [Member] | Series F Convertible Preferred Stock [Member]
Short-Term Debt [Line Items]
Number of shares conversion | shares	500	500	1,050	1,050
Number of convertible shares | shares	500			1,050		1,000
Aggregate purchase price			$ 525,000
Maximum [Member]
Short-Term Debt [Line Items]
Debt instrument, convertible, conversion price | $ / shares	$ 0.60					$ 1.25
Minimum [Member]
Short-Term Debt [Line Items]
Debt instrument, convertible, conversion price | $ / shares	$ 0.4038					$ 0.60
Common Stock [Member]
Short-Term Debt [Line Items]
Number of shares issued to investor | shares																					836,000
Number of convertible shares | shares																		3,481,757	150,000	9,350,474	365,238
Common Stock [Member] | Investor [Member]
Short-Term Debt [Line Items]
Number of shares conversion | shares	1,238,237	1,079,914	1,632,970	1,418,919
Number of convertible shares | shares	1,238,237			1,418,919		829,394
Note Amendment Agreement [Member]
Short-Term Debt [Line Items]
Amortization of financing costs											$ 175,000				$ 525,000	$ 525,000	$ 525,000
Debt instrument, annual principal payment																						$ 4,095,000		$ 595,000
Warrant Exchange Agreement [Member] | Common Stock [Member]
Short-Term Debt [Line Items]
Number of shares issued to investor | shares											5,000,000
Incremental value of the promissory note											$ 190,500
Securities Exchange Agreement [Member] | Investor [Member]
Short-Term Debt [Line Items]
Principal balance							$ 4,749,491
Number of shares conversion value							$ 100,000
Number of shares conversion | shares							79,828
Conversion exercise price | $ / shares							$ 1.2527
Purchase Agreement [Member]
Short-Term Debt [Line Items]
Number of warrant to purchase | shares												1,254,000
Exercise price | $ / shares												$ 7.60
Debt instrument, annual principal payment																		$ 426,454		$ 426,454
Number of shares issued to investor | shares												836,000
Interest expense																		568,549		778,874
Accrued interest																		108,446		108,446
Total principal outstanding																		$ 4,850,828		$ 4,850,828
Promissory Note [Member]
Short-Term Debt [Line Items]
Original issue discount percent													8%
Principal balance													$ 3,500,000
Convertible Note Four [Member] | Securities Exchange Agreement [Member]
Short-Term Debt [Line Items]
Debt instrument, increase, accrued interest								$ 409,500	$ 409,500
Convertible Note [Member] | Securities Exchange Agreement [Member]
Short-Term Debt [Line Items]
Principal balance							$ 3,500,000	$ 4,849,491
Interest rate								12%
Debt instrument, increase, accrued interest					$ 484,949
Debt instrument, convertible, conversion price | $ / shares							$ 1.25	$ 2
Debt instrument, interest rate, effective percentage								8%
Convertible Note [Member] | Securities Exchange Agreement [Member] | Maximum [Member]
Short-Term Debt [Line Items]
Interest rate								18%
Convertible Note One [Member] | Securities Exchange Agreement [Member]
Short-Term Debt [Line Items]
Additional principal amount							$ 595,000
Convertible Note Two [Member] | Securities Exchange Agreement [Member]
Short-Term Debt [Line Items]
Principal balance							3,500,000
Debt instrument, increase, accrued interest							$ 192,111
Debt instrument, interest rate, effective percentage							8%
Convertible Note Three [Member] | Securities Exchange Agreement [Member]
Short-Term Debt [Line Items]
Principal balance								$ 4,095,000
Debt instrument, increase, accrued interest							$ 152,880
Debt instrument, interest rate, effective percentage							8%

Schedule of Other Short-Term Lo

Schedule of Other Short-Term Loan (Details) - USD ($)			9 Months Ended
	Jun. 20, 2024	Jan. 24, 2024	Sep. 30, 2024
Short-Term Debt [Line Items]
Purchased amount			$ 3,402,000
Payments			(2,254,500)
Unamortized Debt Discount			(384,000)
Balance, Net of Discount			$ 763,500
Current Portion of Other Short Term Loan Liability [Member]
Short-Term Debt [Line Items]
Purchased amount	$ 1,890,000	$ 1,512,000
Payments	(742,500)	(1,512,000)
Unamortized Debt Discount	(384,000)
Balance, Net of Discount	$ 763,500

Other Short-Term Loan (Details

Other Short-Term Loan (Details Narrative) - USD ($)				3 Months Ended	9 Months Ended
	Jun. 21, 2024	Jun. 21, 2024	Jan. 24, 2024	Sep. 30, 2024	Sep. 30, 2024	Sep. 30, 2023
Short-Term Debt [Line Items]
Installments amount				$ 3,402,000	$ 3,402,000
Amortization of debt discount				384,000	768,000	$ 612,712
Repay installments amount					2,254,500
Outstanding short term loan					1,147,500
Unamortized debt discount				384,000	384,000
Balance, net of discount				$ 763,500	$ 763,500
Purchased Amount [Member]
Short-Term Debt [Line Items]
Installments amount	$ 1,890,000	$ 1,890,000	$ 1,512,000
Short loan discount price	1,312,500	1,312,500	1,050,000
Proceeds of cash	1,250,000		1,000,000
Origination fee	62,500	62,500	50,000
Amortization of debt discount		$ 640,000	512,000
Repay installments amount	67,500		54,000
Prepayment of purchased amount	$ 378,000		$ 1,312,500

Summary of RSU Activity (Detail

Summary of RSU Activity (Details) - Restricted Stock Units (RSUs) [Member] - $ / shares	9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of shares,Beginning	152,703	51,484	51,484
Weighted average grant date fair value,Beginning	$ 18.03	$ 46.20	$ 46.20
Granted	399,073	100,036
Weighted average grant date fair value,Granted	$ 0.33	$ 7.11
Cancelled	(2,140)	(7,677)
Weighted average grant date fair value,Canceled	$ 10.09	$ 31.46
Vested and released	(34,361)	(19,375)
Weighted average grant date fair value,Vested and released	$ 15.06	$ 7.68
Number of shares,Ending	515,275	124,468	152,703
Weighted average grant date fair value,Ending	$ 4.66	$ 21.70	$ 18.03
Vested	149,046	103,511
Weighted average grant date fair value,Vested	$ 14.87	$ 20.28
Nonvested	366,229	20,957
Weighted average grant date fair value,Unvested	$ 0.51	$ 28.70

Schedule of Options Activity (D

Schedule of Options Activity (Details) - USD ($)	9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
Equity [Abstract]
Number of shares, Beginning	125,264	128,059	128,059
Weighted average exercise price, Beginning	$ 40.61	$ 43.68	$ 43.68
Weighted average fair value,Beginning	$ 22.04	$ 23.76	$ 23.76
Weighted average remaining contractual term, Beginning	1 year 9 months 10 days	2 years 10 months 2 days	23 years 9 months 18 days	3 years 3 months 29 days
Aggregate intrinsic value, Beginning	$ 45,880	$ 9,750	$ 9,750
Number of shares, Granted		16,250
Weighted average exercise price, Granted		$ 6.45
Weighted average fair value,Granted		$ 2.96
Weighted average remaining contractual term, Granted	0 years	3 years 7 days
Number of shares, Exercised
Weighted average exercise price, Exercised
Weighted average fair value, Exercised
Number of shares,Expired/Forfeited	(122,514)	(7,230)
Weighted average exercise price, Expired/Forfeited	$ 39.11	$ 69.20
Weighted average fair value, Expired/Forfeited	$ 21.24	$ 38.12
Number of shares, Ending	2,750	137,079	125,264	128,059
Weighted average exercise price, Ending	$ 105.96	$ 37.92	$ 40.61	$ 43.68
Weighted average fair value, Ending	$ 57.01	$ 20.54	$ 22.04	$ 23.76
Aggregate intrinsic value, Ending		$ 6,194	$ 45,880	$ 9,750
Number of shares, Exercisable	2,750	114,746
Weighted average exercise price, Exercisable	$ 105.96	$ 43.56
Weighted average fair value, Exercisable	$ 57.01	$ 23.70
Weighted average remaining contractual term, Exercisable	1 year 9 months 10 days	2 years 6 months 10 days
Aggregate intrinsic value, Exercisable		$ 6,194

Schedule of Significant Weighte

Schedule of Significant Weighted Average Assumptions (Details) - $ / shares	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Aug. 27, 2024
Equity [Abstract]
Stock price		$ 6.40	$ 0.60
Dividend yield
Expected life (years)	0 years	3 years 7 days
Expected volatility		63.64%
Risk-free interest rate		4.22%

Stockholders_ Equity (Details N

Stockholders’ Equity (Details Narrative) - USD ($)											1 Months Ended			3 Months Ended			9 Months Ended
	Aug. 27, 2024	Jul. 25, 2024	May 31, 2024	Apr. 12, 2024	Mar. 06, 2024	Feb. 16, 2024	Sep. 29, 2023	Jun. 05, 2023	Mar. 31, 2023	Mar. 09, 2023	Aug. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Dec. 06, 2022	Jun. 30, 2022	Jun. 26, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
Cash compensation																				250,000
Warrant exercise price					$ 0.60															$ 8.80
Gross proceeds																	$ 497,701
Proceeds from common stock																		$ 3,817,400
Preferred stock shares authorized														25,000,000			25,000,000		25,000,000
Par value of stock														$ 0.001			$ 0.001		$ 0.001		$ 1,000
Share price	$ 0.60															$ 6.40		$ 6.40
Cumulative dividends														$ 47,879		$ 49,122	$ 158,862	$ 170,277
Par value of stock percentage																					5%
Dividend preferred stock									$ 255,976		$ 1,450,232	$ 4,654,918	$ 255,976	1,450,232	$ 5,249,704	0	$ 6,707,687	$ 4,910,894
Expected term																	0 years	3 years 7 days
Volatility rate																		63.64%
Risk free interest rate																		4.22%
Expected dividend rate
Stock-based compensation expense														16,675		142,845	$ 63,791	$ 1,125,209
Amortization of unrecognized periodic pension costs																(742)		43,302
Share based compensation, vested fair value							$ 15,300										131,504	710,769
Lieu payment							$ 15,000
Equity Option [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Cash compensation							30,000
Restricted Stock Units (RSUs) [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stock-based compensation expense														16,675		86,905	47,749	821,321
Unrecognized stock-based compensation expense														104,809		72,542	$ 104,809	$ 72,542
Number of units granted																	399,073	100,036
Cash compensation							$ 13,235
Share-Based Payment Arrangement, Option [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stock-based compensation expense														0		55,940	$ 16,042	$ 303,888
Unrecognized stock-based compensation expense														$ 0		$ 100,971	$ 0	$ 100,971
Cancellations of Options [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of options cancelled																	122,514	7,230
Fair market values																	$ 2,543,229	$ 275,636
Cancellations of options, shares																	122,514
Minimum [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Share price	0.4038								$ 8.40		$ 0.4038		$ 8.40
Maximum [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Share price	$ 0.60								$ 8.80		$ 0.60		$ 8.80
Additional Warrant [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Cash compensation										357,136
Warrant exercise price										$ 8.40
Aggregate purchase price of warrant										$ 3,000,000
Common Stock Warrants [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Warrant exercise price					0.60
Series F Convertible Preferred Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Shares converted														1,595		750	6,475	2,588
Shares issued upon conversion														3,481,757		3,000,000	9,350,474	7,304,762
Dividend preferred stock															5,102,674
Additional Series F Preferred [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Additional shares purchased										3,000
Converted shares										2,381
Par value of stock										$ 1,000
Conversion price										$ 8.40
Series F Preferred Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Preferred stock shares authorized														35,000			35,000		35,000
Converted shares														9,162,952			9,162,952		25,100,000
Par value of stock														$ 0.001			$ 0.001		$ 0.001
Preferred stock, shares outstanding														3,700			3,700		6,075
Series F Warrants [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Dividend preferred stock											$ 216,546	$ 787,823	$ 38,226		$ 147,030
Expected term			4 years
Volatility rate			247.07%
Risk free interest rate			4.61%
Expected dividend rate	0%		0%
Series F Warrants [Member] | Minimum [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Share price												$ 5
Expected term	1 year
Volatility rate	101.70%
Risk free interest rate	3.72%
Series F Warrants [Member] | Maximum [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Share price												$ 8.40
Expected term	3 years
Volatility rate	119.75%
Risk free interest rate	4.34%
Series F [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Dividend preferred stock											$ 1,233,686	$ 3,867,095	$ 217,750
Sponsor [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Amortization of unrecognized periodic pension costs														$ 0		$ 742	$ 0	$ 43,302
Common Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Shares issued																		836,000
Number of convertible shares														3,481,757		150,000	9,350,474	365,238
Amortization of unrecognized periodic pension costs
Restricted stock awards																19,373	34,361	19,373
Warrant [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Warrant exercise price					$ 1.51
Dividend preferred stock	$ 1,450,232
Purchase Agreement [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Cash compensation								1,254,000
Warrant exercise price								$ 7.60
Warrants term								5 years 6 months
Shares issued								836,000
Proceeds from common stock								$ 3,817,400
Purchase Agreement [Member] | Investor [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Cash compensation								1,254,000
Number of shares sold								836,000
Price per share								$ 5
Warrant exercise price								$ 7.60
Gross proceeds								$ 4,180,000
Series F Agreement [Member] | Series F Convertible Preferred Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Preferred stock shares authorized																						35,000
Assignment Agreement [Member] | Minimum [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Warrant exercise price								$ 7.60
Assignment Agreement [Member] | Maximum [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Warrant exercise price								$ 0.60
Assignment Agreement [Member] | Series F Convertible Preferred Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Aggregate purchase price			$ 525,000
Assignment Agreement [Member] | Series F Warrants [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Dividend preferred stock			$ 7,751
Investor [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Principal outstanding on convertible debt						$ 100,000
Number of shares on convertible debt						79,828
Conversion price	$ 0.4038	$ 0.463	$ 0.643	$ 0.74		$ 1.25
Cash compensation					829,394
Warrant exercise price					$ 1.2057
Warrants term				3 years	3 years
Conversion price				$ 0.74	$ 1.2057
Warrant aggregate purchase price					$ 1,000,000
Aggregate purchase price			$ 1,050,000	$ 1,050,000
Investor [Member] | Series F Convertible Preferred Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares on convertible debt	500	500	1,050	1,050
Number of convertible shares	500			1,050	1,000
Aggregate purchase price			$ 525,000
Investor [Member] | Common Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares on convertible debt	1,238,237	1,079,914	1,632,970	1,418,919
Number of convertible shares	1,238,237			1,418,919	829,394
Investor [Member] | Warrant [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares on convertible debt	1,238,237	1,079,914	1,632,970	1,418,919
Conversion price			$ 0.643	$ 0.74
Warrants exercise price reduced	$ 0.4038	$ 0.463
Aggregate purchase price	$ 500,000	$ 500,000
Investor [Member] | Warrant Exercise Agreement [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Warrants exercise price reduced					$ 0.60
Proceeds from warrants exercise					$ 497,701
Cash compensation					829,500
Investor [Member] | Warrant Exercise Agreement [Member] | Common Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Cash compensation					829,500
Officer [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of units granted														300,000			300,000
Cash compensation														$ 95,970			$ 95,970
Non Executive Directors [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of units granted														14,000			25,000
Cash compensation							4,412
Aggregate value							$ 5,100
Non Executive Directors [Member] | Equity Option [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Restricted stock awards							4,500
Board [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Cash compensation							$ 45,000							$ 7,560			$ 7,560
Director [Member] | Cancellations of Options [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Options granted														45,297			45,297
Cancellations of options, description																	Each option cancelled resulted in a subsequent grant of RSU’s with ratio of 2 RSU’s granted for each option cancelled

Schedule of Company's Operating

Schedule of Company's Operating Leases (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Leases
Right-of-use-assets	$ 2,863,417	$ 3,525,406
Current portion of lease liabilities	950,709	901,925
Long-term portion lease liabilities	$ 2,006,920	$ 2,721,743

Schedule of Future Maturities L

Schedule of Future Maturities Lease Liabilities (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Leases
2024 (rest of year)	$ 274,373
2025	1,101,905
2026	880,082
2027	794,458
2028	198,615
Total future minimum lease payments, undiscounted	3,249,433
Less: Amount representing interest	(291,804)
Present value of future minimum lease payments	2,957,629
Present value of future minimum lease payments – current	950,709	$ 901,925
Present value of future minimum lease payments – long-term	$ 2,006,920	$ 2,721,743

Schedule of Weighted Average Le

Schedule of Weighted Average Lease-term and Discount Rate Leases (Details)	Sep. 30, 2024	Dec. 31, 2023
Leases
Weighted-average remaining lease terms (in years)	3 years 2 months 12 days	3 years 10 months 24 days
Weighted-average discount rate	6.10%	6.10%

Schedule of Cash Flow Supplemen

Schedule of Cash Flow Supplemental Information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Leases
Cash paid for amounts included in the measurement of liabilities: Operating cash flows for operating leases	$ 264,854	$ 262,445	$ 794,561	$ 790,783

Leases (Details Narrative)

Leases (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Leases
Operating lease expense	$ 264,854	$ 267,745	$ 794,561	$ 791,558

Summary of Activity Related to

Summary of Activity Related to Warrants (Details) - $ / shares		9 Months Ended				12 Months Ended
		Sep. 30, 2024		Sep. 30, 2023		Dec. 31, 2023
Weighted Average Exercise Price Outstanding, Exercised
Warrant [Member]
Number of shares,Beginning		3,233,546		1,056,452		1,056,452
Weighted average grant date fair value,Beginning		$ 1.24		$ 0.40	[1]	$ 0.40	[1]
Warrants Outstanding, Exercised						(250,000)
Weighted Average Exercise Price Outstanding, Exercised		0.60	[1]
Warrants Outstanding, Exercised		$ (829,500)
Number of shares,Ending		8,740,340				3,233,546
Weighted average grant date fair value,Ending		$ 0.62				$ 1.24
Weighted-Average Remaining Contractual Term Outstanding		3 years
Warrants Outstanding, Exercisable Balance		8,740,340
Weighted Average Exercise Price Outstanding, Exercisable balance		$ 0.62
Weighted-Average Remaining Contractual Term Outstanding, Exercisable		3 years
Warrant [Member] | March 2023 [Member]
Warrants Outstanding, Issued						357,136
Weighted Average Exercise Price Outstanding, Issued	[1]					$ 0.40
Warrant [Member] | June 2023 [Member]
Warrants Outstanding, Issued						1,254,000
Weighted Average Exercise Price Outstanding, Issued	[1]					$ 0.40
Warrant [Member] | November 2023 [Member]
Warrants Outstanding, Issued						815,958
Weighted Average Exercise Price Outstanding, Issued						$ 2.49
Warrant [Member] | March 6 2024 [Member]
Warrants Outstanding, Issued		829,394
Weighted Average Exercise Price Outstanding, Issued	[2]	$ 0.40
Warrant [Member] | March 7 2024 [Member]
Warrants Outstanding, Issued		136,860
Weighted Average Exercise Price Outstanding, Issued		$ 1.51
Warrant [Member] | April 2024 [Member]
Warrants Outstanding, Issued		1,418,919
Weighted Average Exercise Price Outstanding, Issued	[2]	$ 0.40
Warrant [Member] | May 31 2024 [Member]
Warrants Outstanding, Issued		1,632,970
Weighted Average Exercise Price Outstanding, Issued	[2]	$ 0.40
Warrant [Member] | July 29, 2024 [Member]
Warrants Outstanding, Issued		1,079,914
Weighted Average Exercise Price Outstanding, Issued	[2]	$ 0.40
Warrant [Member] | August 27, 2024 [Member]
Warrants Outstanding, Issued		1,238,237
Weighted Average Exercise Price Outstanding, Issued		$ 0.40
[1]Reflects the exercise price after the March 2024 Down Round Trigger events on March 6, 2024 as described above.[2]Reflects the exercise price after the August 2024 Down Round Trigger events on August 27, 2024 as described above.

Warrants (Details Narrative)

Warrants (Details Narrative) - USD ($)	Sep. 30, 2024	Apr. 12, 2024	Mar. 06, 2024	Dec. 06, 2022
Exercise price of warrants			$ 0.60	$ 8.80
Warrants intrinsic value
Warrant [Member]
Exercise price of warrants			$ 1.51
Engagement Agreement [Member] | Dawson James Securities Inc [Member]
Warrants term		5 years	5 years
Engagement Agreement [Member] | Common Stock [Member]
Purchase of common stock			136,861

Commitments and Contingencies (

Commitments and Contingencies (Details Narrative) - USD ($)	Apr. 15, 2024	Mar. 06, 2024	Sep. 30, 2024	Apr. 12, 2024	Feb. 08, 2024	Dec. 31, 2023
Common stock par value			$ 0.001		$ 0.001	$ 0.001
Purchase commitment			$ 2,531,750
Letter Agreement [Member] | Dawson James Securities Inc [Member]
Common stock par value		$ 0.001
Engagement Agreement [Member] | Dawson James Securities Inc [Member]
Payment for cash fee		$ 68,862
Warrants term		5 years		5 years
Warrants offering percentage		125%
Board of Directors Chairman [Member] | 2017 Omnibus Equity Incentive Plan [Member]
Base salary	$ 375,000
Fair value of restricted stock	60,000
Bonus	$ 300,000

Schedule of Goodwill and Assets

Schedule of Goodwill and Assets (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Segment Reporting Information [Line Items]
Goodwill	$ 7,402,644	$ 7,402,644
Assets	22,037,867	25,155,901
Corporate Segment [Member]
Segment Reporting Information [Line Items]
Goodwill
Assets	644,089	1,148,638
Drones [Member]
Segment Reporting Information [Line Items]
Goodwill
Assets	8,217,999	8,666,641
Sensors [Member]
Segment Reporting Information [Line Items]
Goodwill	7,402,644	7,402,644
Assets	13,131,603	15,260,263
Saas [Member]
Segment Reporting Information [Line Items]
Goodwill
Assets	$ 44,176	$ 80,359

Schedule of Net (Loss) Income (

Schedule of Net (Loss) Income (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Segment Reporting Information [Line Items]
Revenues	$ 3,284,984	$ 3,483,932	$ 10,571,969	$ 10,819,213
Cost of sales	1,650,717	2,269,858	5,428,705	6,594,973
Loss from operations	(1,861,160)	(5,990,113)	(6,795,515)	(15,023,060)
Other expense, net	(1,598,594)	(2,030,015)	(5,909,534)	(2,887,150)
Net income (loss)	(3,459,754)	(8,020,128)	(12,705,049)	(17,910,210)
Corporate Segment [Member]
Segment Reporting Information [Line Items]
Revenues
Cost of sales
Loss from operations	(681,253)	(3,229,837)	(2,560,847)	(7,240,686)
Other expense, net	(1,549,866)	(2,063,936)	(5,859,141)	(2,559,654)
Net income (loss)	(2,231,119)	(5,293,773)	(8,419,988)	(9,800,340)
Drones [Member]
Segment Reporting Information [Line Items]
Revenues	2,146,151	1,627,177	4,644,177	4,861,260
Cost of sales	968,869	990,413	2,343,923	2,580,305
Loss from operations	(723,903)	(2,288,870)	(4,189,049)	(6,626,668)
Other expense, net	(48,728)	35,322	(36,408)	(326,032)
Net income (loss)	(772,631)	(2,253,548)	(4,225,457)	(6,952,700)
Sensors [Member]
Segment Reporting Information [Line Items]
Revenues	1,070,396	1,755,712	5,656,471	5,610,764
Cost of sales	627,279	990,457	2,855,984	3,213,058
Loss from operations	(186,215)	168,820	974,697	328,404
Other expense, net		(960)	(13,985)	(960)
Net income (loss)	(186,215)	167,860	960,712	327,444
Saas [Member]
Segment Reporting Information [Line Items]
Revenues	68,437	101,043	271,321	347,189
Cost of sales	54,569	288,988	228,798	801,610
Loss from operations	(269,789)	(640,226)	(1,020,316)	(1,484,110)
Other expense, net		(441)		(504)
Net income (loss)	$ (269,789)	$ (640,667)	$ (1,020,316)	$ (1,484,614)

Schedule of Geographical Revenu

Schedule of Geographical Revenues (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenues from External Customers and Long-Lived Assets [Line Items]
Total	$ 3,284,984	$ 3,483,932	$ 10,571,969	$ 10,819,213
Drones [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total	2,146,151	1,627,177	4,644,177	4,861,260
Sensors [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total	1,070,396	1,755,712	5,656,471	5,610,764
Saas [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total	68,437	101,043	271,321	347,189
North America [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total	697,764	1,174,629	3,230,272	3,788,174
North America [Member] | Drones [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total	338,685	547,012	1,308,109	1,701,100
North America [Member] | Sensors [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total	290,642	570,170	1,659,485	1,783,481
North America [Member] | Saas [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total	68,437	57,447	262,678	303,593
Latin America [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total	172,029	502,301	982,355	1,515,960
Latin America [Member] | Drones [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total	131,117	383,232	753,187	1,256,429
Latin America [Member] | Sensors [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total	40,912	80,873	223,983	221,334
Latin America [Member] | Saas [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total		38,196	5,185	38,197
EMEA [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total	1,980,863	1,382,012	4,892,314	4,326,736
EMEA [Member] | Drones [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total	1,659,481	628,768	2,373,934	1,714,967
EMEA [Member] | Sensors [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total	321,382	752,583	2,517,885	2,611,108
EMEA [Member] | Saas [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total		661	495	661
Asia Pacific [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total	384,764	415,406	1,299,325	1,142,542
Asia Pacific [Member] | Drones [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total	16,868	68,165	208,947	188,764
Asia Pacific [Member] | Sensors [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total	367,896	342,502	1,087,910	949,040
Asia Pacific [Member] | Saas [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total		4,739	2,468	4,738
Other Geographic Area [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total	49,564	9,584	167,703	45,801
Other Geographic Area [Member] | Drones [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total
Other Geographic Area [Member] | Sensors [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total	49,564	9,584	167,208	45,801
Other Geographic Area [Member] | Saas [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total			$ 495

Schedule Of Restatement (Detail

Schedule Of Restatement (Details) - USD ($)	3 Months Ended									6 Months Ended			9 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023		Jun. 30, 2023		Mar. 31, 2023		Jun. 30, 2024	Jun. 30, 2023		Sep. 30, 2024	Sep. 30, 2023
Net loss attributable to common stockholders	$ (4,957,865)			$ (8,069,250)									$ (19,571,598)	$ (22,991,381)
Net loss per common share - basic	$ (16.03)			$ (72.64)									$ (81.44)	$ (232.29)
Previously Reported [Member]
Net loss attributable to common stockholders		$ (2,929,708)	$ (6,315,587)	$ (8,020,128)		$ (5,290,583)		$ (4,599,499)		$ (9,245,295)	$ (9,890,082)			$ (17,910,210)
Net loss per common share - basic		$ (0.24)	$ (0.77)	$ (70)	[1]	$ (1.10)	[2]	$ (1.03)	[2]	$ (0.90)	$ (2.13)	[2]		$ (180)	[1]
Total comprehensive loss, net of tax		$ (2,976,049)	$ (11,790,179)	$ (8,077,019)		$ (9,926,511)		$ (4,827,792)		$ (14,766,228)	$ (14,754,304)			$ (22,831,322)
Revision of Prior Period, Reclassification, Adjustment [Member]
Net loss attributable to common stockholders		$ (57,499)	$ (5,310,939)	$ (49,122)		$ (4,709,152)		$ (322,897)		$ (5,368,438)	$ (5,032,050)			$ (5,081,171)
Net loss per common share - basic			$ (0.64)	$ (2.64)	[1]	$ (0.98)	[2]	$ (0.07)	[2]	$ (0.52)	$ (1.08)	[2]		$ (52.29)	[1]
Total comprehensive loss, net of tax		$ 57,499	$ 5,310,939	$ 49,122		$ 4,709,152		$ 322,897		$ 5,368,438	$ 5,032,050			$ 5,081,171
Restated [Member]
Net loss attributable to common stockholders		$ (2,987,207)	$ (11,626,526)	$ (8,069,250)		$ (9,999,735)		$ (4,922,396)		$ (14,613,733)	$ (14,922,132)			$ (22,991,381)
Net loss per common share - basic		$ (0.24)	$ (1.41)	$ (72.64)	[1]	$ (2.08)	[2]	$ (1.10)	[2]	$ (1.42)	$ (3.21)	[2]		$ (232.29)	[1]
Total comprehensive loss, net of tax		$ (2,918,550)	$ (6,479,240)	$ (8,027,897)		$ (5,217,359)		$ (4,504,895)		$ (9,397,790)	$ (9,722,254)			$ (17,750,151)
[1]Adjusted for the effect of a 1 to 50 reverse stock split 1 to 20 reverse stock split 1 to 20 reverse stock split

Schedule Of Restatement (Deta_2

Schedule Of Restatement (Details) (Parenthetical)					9 Months Ended
	Oct. 14, 2024	Oct. 03, 2024	Feb. 09, 2024	Feb. 08, 2024	Sep. 30, 2024
Subsequent Event [Line Items]
Reverse stock split			1 to 20 reverse stock split	1-for-20 reverse stock split	1 to 50 reverse stock split
Subsequent Event [Member]
Subsequent Event [Line Items]
Reverse stock split	1 to 50 reverse stock split	ratio of one (1) share of common stock for every fifty (50) shares of common stock (the “Reverse Stock Split”).

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) - USD ($)

9 Months Ended

Oct. 14, 2024

Oct. 03, 2024

Oct. 01, 2024

Feb. 09, 2024

Feb. 08, 2024

Sep. 30, 2024

Sep. 30, 2023

Oct. 13, 2024

Aug. 27, 2024

Mar. 06, 2024

Dec. 31, 2023

Dec. 06, 2022

Subsequent Event [Line Items]

Common stock par value

$ 0.001

$ 0.001

$ 0.001

Share price

$ 6.40

$ 0.60

Exercise price

$ 0.60

$ 8.80

Stock issued during period, value, new issues

$ 3,817,400

Reverse stock split, description

1 to 20 reverse stock split

1-for-20 reverse stock split

1 to 50 reverse stock split

Common stock, shares outstanding

17,320,462

7,026,297

Subsequent Event [Member]

Subsequent Event [Line Items]

Common stock par value

$ 0.001

Exercise price

$ 0.24

Warrants offering percentage

100%

Warrants and rights outstanding, term

5 years

Warrant or right, reason for issuance, description

a holder of Pre-Funded Warrants does not have the right to exercise any portion of its Pre-Funded Warrants if the holder, together with its affiliates, would beneficially own in excess of 4.99% (or, at the election of the holder, such limit may be increased to up to 9.99%) of the number of shares of common stock outstanding immediately after giving effect to such exercise. The Pre-Funded Warrants may be exercised at any time until all of the Pre-Funded Warrants are exercised in ful

Cash placement percentage

8%

Proceeds from offering gross percentage

0.50%

legal fees

$ 215,000

Reverse stock split, description

1 to 50 reverse stock split

ratio of one (1) share of common stock for every fifty (50) shares of common stock (the “Reverse Stock Split”).

Common stock, shares outstanding

41,220,458

824,725

Subsequent Event [Member] | Common Unit [Member]

Subsequent Event [Line Items]

Share price

$ 0.24

Subsequent Event [Member] | PreFunded Unit [Member]

Subsequent Event [Line Items]

Share price

0.239

Subsequent Event [Member] | PreFunded Warrant [Member]

Subsequent Event [Line Items]

Exercise price

$ 0.001

Placement Agency Agreement [Member] | Subsequent Event [Member]

Subsequent Event [Line Items]

Sales of common stock, net of issuance costs, shares

26,899,996

Common stock par value

$ 0.001

Omnibus Agreement [Member] | Subsequent Event [Member]

Subsequent Event [Line Items]

Sales of common stock, net of issuance costs, shares

1,500

Sale of stock, consideration received on transaction

$ 3,000,000

Repayments of convertible debt

$ 3,000,000

Debt instrument, payment terms

upon such repayment, $2,000,000 in principal will remain outstanding on the Convertible Note which will be paid in six monthly installments consisting of $333,333.33 in principal plus all accrued commencing on October 15, 2024 and continuing on the 15th day of each calendar month until the Convertible Note is paid in full, and (iv) in consideration of Alpha’s consent, the Company will issue to Alpha 1,500 shares of Series F 5% Convertible Preferred Stock with an aggregate stated value of $1,500,000

Proceeds from convertible debt

$ 2,000,000

Debt instrument, periodic payment

333,333.33

Stock issued during period, value, new issues

$ 1,500,000