| SEGMENT REPORTING |
NOTE
12 – SEGMENT REPORTING
During
the three months ended March 31, 2026 and 2025, the Company operated in three reportable business segments which consisted of (1) the
business of Safe-Pro USA, (2) the business of Airborne Response, and (3) the business of Safe Pro AI. The Company’s reportable
segments are strategic business units that offer different products. They are managed separately based on the fundamental differences
in their operations and locations.
Information
with respect to these reportable business segments for the three months ended March 31, 2026 and 2025 was as follows:
SCHEDULE OF BUSINESS SEGMENT REPORTING
| | |
2026 | | |
2025 | |
| | |
For
the Three Months Ended March
31, | |
| | |
2026 | | |
2025 | |
| Revenues: | |
| | | |
| | |
| Safe-Pro USA | |
$ | 143,583 | | |
$ | 140,600 | |
| Airborne Response | |
| 63,106 | | |
| 4,204 | |
| Safe
Pro AI | |
| 1,013,440 | | |
| 39,998 | |
| Revenues | |
| 1,220,129 | | |
| 184,802 | |
| Depreciation and amortization (a): | |
| | | |
| | |
| Safe-Pro USA (a) | |
| 11,871 | | |
| 26,978 | |
| Airborne Response (a) | |
| 5,904 | | |
| 29,099 | |
| Safe Pro AI (a) | |
| 60,449 | | |
| 46,928 | |
| Other
(b) | |
| 598 | | |
| 361 | |
| Depreciation and amortization | |
| 78,822 | | |
| 103,366 | |
| Interest expense: | |
| | | |
| | |
| Safe-Pro USA | |
| 1,441 | | |
| 94 | |
| Airborne Response | |
| 220 | | |
| 201 | |
| Safe Pro AI | |
| - | | |
| - | |
| Other
(b) | |
| 1,335 | | |
| 1,350 | |
| Interest expense | |
| 2,996 | | |
| 1,645 | |
| | |
| | | |
| | |
| Net (loss) income: | |
| | | |
| | |
| Safe-Pro USA | |
| (94,292 | ) | |
| (65,689 | ) |
| Airborne Response | |
| (114,208 | ) | |
| (146,425 | ) |
| Safe Pro AI | |
| (183,045 | ) | |
| (146,931 | ) |
| Other
(b) | |
| (2,401,940 | ) | |
| (3,605,972 | ) |
| Net (loss) income | |
$ | (2,793,485 | ) | |
$ | (3,965,017 | ) |
| (a) |
Depreciation
is recorded in Safe-Pro USA, Airborne Response and Safe Pro AI in cost of sales on the Company’s condensed consolidated unaudited
statement of operations in cost of sales and has been described above, separately. |
| |
|
| (b) |
The
Company does not allocate any general and administrative or financing expenses of its holding company activities to its reportable
segments, because these activities are managed at the corporate level. |
SAFE
PRO GROUP INC. AND SUBSIDIARIES
NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
FOR
THE THREE MONTHS ENDED MARCH 31, 2026 AND 2025
(unaudited)
| |
|
March
31, 2026 |
|
|
December
31, 2025 |
|
| Identifiable
long-lived tangible assets, net by segment: |
|
|
|
|
|
|
|
|
| Safe-Pro
USA |
|
$ |
157,120 |
|
|
$ |
168,991 |
|
| Airborne
Response |
|
|
62,214 |
|
|
|
68,118 |
|
| Safe
Pro AI |
|
|
81,862 |
|
|
|
38,818 |
|
| Other
(a) |
|
|
6,561 |
|
|
|
7,160 |
|
| Long
lived tangible assets |
|
$ |
307,757 |
|
|
$ |
283,087 |
|
|