v3.25.1
SEGMENTED INFORMATION
 3 Months Ended
Mar. 31, 2025
Notes and other explanatory information [abstract]  
SEGMENTED INFORMATION

 

14.SEGMENTED INFORMATION

 

As at and for the three months ended March 31, 2025 the Company operates in 2 reportable segments (as at and for the year ended December 21, 2024 – 2). The Company organizes its two segments based on its product line as well as a corporate segment. The two segments are Drones and Corporate. The Drones segment derives its revenue from products and services related to the sale of unmanned aerial vehicles (UAV) while the Corporate segment includes all costs not directly associated with the Drone segment. The Company aggregates the information for the segments by analyzing the revenue stream and allocating direct costs to that respective segment. The Corporate segment is aggregated by relying on the entity that includes corporate costs (Draganfly Inc.).

 

Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision maker.

 

 

Draganfly Inc.

Notes to the Condensed Consolidated Interim Financial Statements

For the Three Months Ended March 31, 2025

Expressed in Canadian Dollars (unaudited)

 

 

14.SEGMENTED INFORMATION (CONT’D)

 

The board of the Company relies on executive management which assesses the financial performance and position of the group and makes strategic decisions. Executive management, which has been identified as being the chief operating decision maker, consists of the chief executive officer, chief operating officer and chief financial officer.

 

March 31, 2025  Drones   Corporate   Total 
Sales of goods  $1,541,811   $-   $1,541,811 
Provision of services   5,904    -    5,904 
Total revenue   1,547,715    -    1,547,715 
Segment loss (income)   1,872,918    1,295,088    3,168,006 
Finance and other costs   34,031    -    34,031 
Depreciation   72,221    3,195    75,416 
Amortization   2,257    -    2,257 
Change in fair value of derivative liability   -    157,830    157,830 
Loss on write-off of notes receivable   -    25,951    25,951 
Recovery of write down of inventory (note 5)   (38,666)   -    (38,666)
Net loss for the period  $1,942,761   $1,482,064   $3,424,825 

 

March 31, 2024  Drones   Corporate   Total 
Sales of goods  $1,237,948   $-   $1,237,948 
Provision of services   91,633    -    91,633 
Total revenue   1,329,581    -    1,329,581 
Segment loss   1,240,820    (1,500,860)   (260,040)
Finance and other costs   4,825   -    4,825
Depreciation   139,109    4,013    143,122 
Amortization   2,821    -    2,821 
Change in fair value of derivative liability   -    1,817,569    1,817,569 
Loss on write-off of notes receivable   -    6,751    6,751 
Loss on write down of inventory (note 5)   148,760    -    148,760 
Net loss for the period  $1,536,335   $327,473   $1,863,808 

 

Geographic revenue is measured by aggregating sales based on the country and the entity where the sale was made.

 

 

   March 31, 2025   December 31, 2024 
Non-current assets          
Canada  $1,067,472   $1,117,513 
   $1,067,472   $1,117,513 

 

       
   For the three months ended March 31, 
   2025   2024 
Revenue          
Canada  $1,544,083   $1,327,333 
United States   3,632    2,248 
Revenue   $1,547,715   $1,329,581 

 

 

Draganfly Inc.

Notes to the Condensed Consolidated Interim Financial Statements

For the Three Months Ended March 31, 2025

Expressed in Canadian Dollars (unaudited)