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DEFERRED INCOME
3 Months Ended
Mar. 31, 2025
Schedule Of Deferred Income  
DEFERRED INCOME

 

12.DEFERRED INCOME

 

At times, the Company may take payment in advance for services to be rendered. These amounts are held and recognized as services are rendered.

 

   March 31, 2025   December 31, 2024 
Deferred, revenue beginning  $86,681   $107,674 
Revenue recognized   (3,633)   (21,852)
Unearned revenues received   19,159    1,744 
Foreign exchange   (1,822)   (885)
Deferred income gross   $100,385   $86,681 
Current portion  $37,221   $18,542 
Long term portion   63,164    68,139 
Deferred Income net   $100,385   $86,681 

 

Deferred revenue of $37,221 as of March 31, 2025 is expected to be recognized as revenue within one year. The remaining is related to a long-term support and maintenance arrangements and will be recognized according to the terms of these arrangements over the next 2.9 years.

 

 

Draganfly Inc.

Notes to the Condensed Consolidated Interim Financial Statements

For the Three Months Ended March 31, 2025

Expressed in Canadian Dollars (unaudited)