INTANGIBLE ASSETS AND GOODWILL |
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| INTANGIBLE ASSETS AND GOODWILL | 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 and six months ended June 30, 2026, the Company capitalized $30,000 and $63,500, respectively, of its direct costs. As of June 30, 2026, the Company had $781,548 of finite lived intangible assets, net.
As of June 30, 2026, intangible assets subject to amortization consisted of the following:
SAFE PRO GROUP INC. AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED JUNE 30, 2026 AND 2025 (unaudited)
For the three and six months ended June 30, 2026, amortization of intangible assets amounted to $61,121 and $116,413, respectively. For the three and six months ended June 30, 2025, amortization of intangible assets amounted to $89,986 and $174,327, respectively.
As of December 31, 2025, intangible assets subject to amortization consisted of the following:
Amortization of intangible assets with finite lives attributable to future periods is as follows:
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