Segment Information | Note 10 – Segment Information Non-allocated administrative and other expenses are reflected in Corporate. Corporate assets include cash, prepaid expenses, notes receivable, right of use asset and other assets. As of June 30, 2022 and December 31, 2021, and for the three and six months ended June 30, 2022 and 2021, respectively, information about the Company’s reportable segments consisted of the following: Goodwill and Assets Schedule of consolidated results from reportable segments Corporate Drones and Custom Manufacturing Sensors SaaS Total As of June 30, 2022 Goodwill $ — $ 12,655,577 $ 18,972,896 $ 33,238,809 $ 64,867,282 Assets $ 14,677,207 $ 25,845,816 $ 27,714,407 $ 37,294,381 $ 105,531,811 As of December 31, 2021 Goodwill $ — $ 12,655,577 $ 18,972,896 $ 33,238,809 $ 64,867,282 Assets $ 14,516,466 $ 27,073,211 $ 25,548,066 $ 37,545,298 $ 104,683,041 Net (Loss) Income Corporate Drones and Custom Manufacturing Sensors SaaS Total Three Months Ended June 30, 2022 Revenues $ — $ 3,036,182 $ 2,094,092 $ 157,599 $ 5,287,873 Cost of sales — 1,589,334 1,080,583 67,860 2,737,777 Loss from operations (2,722,252 ) (1,891,540 ) (26,986 ) (747,801 ) (5,388,579 ) Other income (expense), net 1,403 (210,713 ) (1,819 ) (2,028 ) (213,157 ) Net loss $ (2,720,849 ) $ (2,102,253 ) $ (28,805 ) $ (749,829 ) $ (5,601,736 ) Three Months Ended June 30, 2021 Revenues $ — $ — $ 1,708,820 $ 228,544 $ 1,937,364 Cost of sales — — 735,111 224,118 959,229 Loss from operations (4,200,690 ) — (12,667 ) (607,128 ) (4,820,485 ) Other income, net 108,498 — 3,244 30,571 142,313 Net loss $ (4,092,192 ) $ — $ (9,423 ) $ (576,557 ) $ (4,678,172 ) Corporate Drones and Custom Manufacturing Sensors SaaS Total Six Months Ended June 30, 2022 Revenues $ — $ 5,775,163 $ 3,027,110 $ 327,578 $ 9,129,851 Cost of sales — 3,159,100 1,727,095 328,668 5,214,863 Loss from operations (5,961,196 ) (4,515,645 ) (810,124 ) (1,583,554 ) (12,870,519 ) Other income (expense), net 2,791 (323,955 ) (1,818 ) (4,807 ) (327,789 ) Net loss $ (5,958,405 ) $ (4,839,600 ) $ (811,942 ) $ (1,588,361 ) $ (13,198,308 ) Six Months Ended June 30, 2021 Revenues $ — $ — $ 3,390,408 $ 248,547 $ 3,638,955 Cost of sales — — 1,410,167 247,930 1,658,097 (Loss) Income from operations (7,383,396 ) — 213,043 (610,935 ) (7,781,288 ) Other income, net 115,230 — 26,785 30,571 172,586 Net (loss) income $ (7,268,166 ) $ — $ 239,828 $ (580,364 ) $ (7,608,702 ) Revenues by Geographic Area Schedule of geographical revenues Drones and Custom Manufacturing Sensors SaaS Total Three Months Ended June 30, 2022 North America $ 2,046,581 $ 808,320 $ 157,599 $ 3,012,500 Europe, Middle East and Africa 789,487 795,755 — 1,585,242 Asia Pacific 200,114 376,936 — 577,050 Other — 113,081 — 113,081 Total $ 3,036,182 $ 2,094,092 $ 157,599 $ 5,287,873 Three Months Ended June 30, 2021 North America $ — $ 659,604 $ 228,544 $ 888,148 Europe, Middle East and Africa — 649,352 — 649,352 Asia Pacific — 307,588 — 307,588 Other — 92,276 — 92,276 Total $ — $ 1,708,820 $ 228,544 $ 1,937,364 Drones and Custom Manufacturing Sensors SaaS Total Six Months Ended June 30, 2022 North America $ 3,282,155 $ 1,168,208 $ 327,576 $ 4,777,939 Europe, Middle East and Africa 2,002,677 1,150,134 — 3,152,811 Asia Pacific 490,333 544,678 — 1,035,011 Other — 164,090 — 164,090 Total $ 5,775,165 $ 3,027,110 $ 327,576 $ 9,129,851 Six Months Ended June 30, 2021 North America $ — $ 1,308,696 $ 248,547 $ 1,557,243 Europe, Middle East and Africa — 1,288,356 — 1,288,356 Asia Pacific — 610,274 — 610,274 Other — 183,082 — 183,082 Total $ — $ 3,390,408 $ 248,547 $ 3,638,955 |