NOTE 5 – INTANGIBLE ASSETS AND GOODWILL

Intangible assets

As a result of the acquisition of Safe Pro AI on March 9, 2023, there was a $545,625 increase in the gross intangible assets made up of $545,625 of finite lived intangible assets, consisting of a single software asset, SpotlightAI™. Spotlight AI detects threats from drone imagery, relaying precise GPS location and actionable reporting information to decision makers and ground personnel. The Company intends to utilize its AI, ML and computer vision technology to create and analyze large datasets. The Company’s technology is being used in the field by the Ukrainian government, as well as several humanitarian aid organizations.

During the three months ended March 31, 2026, the Company capitalized $33,500 of its direct costs. For the three months ended March 31, 2026, the Company has $812,669 of finite lived intangible assets, net.

As of March 31, 2026, intangible assets subject to amortization consisted of the following:

 SCHEDULE OF INTANGIBLE ASSETS SUBJECT TO AMORTIZATION

SAFE PRO GROUP INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED MARCH 31, 2026 AND 2025

(unaudited)

For the three months ended March 31, 2026 and 2025, amortization of intangible assets amounted to $55,292 and $84,341.

Amortization of intangible assets with finite lives attributable to future periods is as follows:

 SCHEDULE OF AMORTIZATION OF INTANGIBLE ASSETS