Property and Equipment

6 Months Ended

Jun. 30, 2024

Property and Equipment [Abstract]

PROPERTY AND EQUIPMENT

NOTE 4 – PROPERTY AND EQUIPMENT

Property and equipment consist of the following:

	June 30, 2024			December 31, 2023
Vehicles	$	149,916		$	149,916
Computer equipment		395,492			363,141
Furniture and fixtures		334,580			332,804
Leasehold improvements		3,451,676			2,534,014
Development equipment		442,086			294,288
Docking stations and drones		5,440,875			3,928,958
Machinery and equipment		60,321			60,321
Construction in progress		-			395,340
Total property and equipment		10,274,946			8,058,782
Less: accumulated depreciation		(4,782,921	)		(3,882,824	)
Net property and equipment	$	5,492,025		$	4,175,958

Depreciation expense for the three months ended June 30, 2024 and 2023 was $111,234 and $160,081, respectively. Depreciation expense for the six months ended June 30, 2024 and 2023 was $234,305 and $412,625, respectively. As of June 30, 2024, there was $2,730,724 of net property and equipment located in Israel and $240,796 of net property and equipment located in United Arab Emirates.

In connection with the American Robotics sublease effective January 15, 2024, see Note – 2 Summary of Significant Account Policies, Leases, the Company recorded an impairment charge of $1,127,769, related to the Leasehold improvements and Furniture and fixtures associated with the Asset Group, was recognized in Operating expenses in the Consolidated Statements of Operations for the year ending December 31, 2023, included in our 2023 Form 10-K. There was no indication of impairment for the six months ended June 30, 2024.