SEGMENT REPORTING |
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| SEGMENT REPORTING | 15. SEGMENT REPORTING The Company operates as a single operating and reportable segment. The Company’s Chief Operating Decision Maker (“CODM”) has been identified as the Interim Chief Executive Officer, who reviews the consolidated operating results, including net revenues, cost of revenues, gross profit, and selling, general and administrative expenses, and net income (loss) to make decisions about resource allocation, including investments in personnel, marketing, and technology and product development, and to assess performance. The CODM does not evaluate performance or allocate resources at a disaggregated level below the consolidated entity. The Company’s revenue is derived principally from the sale of aerial robotic systems, service revenue and subscription revenue. The significant expense categories the CODM reviews regularly are personnel expenses, contractor expenses, and legal and professional expenses. See below for the summary of expenses reviewed for the three and six months ended June 30, 2026 and 2025.
Because the Company manages its business, allocates resources, and evaluates performance on a consolidated basis, the accompanying consolidated financial statements reflect the operations of one segment. The CODM regularly reviews total revenues and gross profit to assess financial performance and allocate resources. These measures are consistent with the amounts presented in the consolidated statements of operations. Segment information available with respect to the reportable business segment for the three and six months ended June 30, 2026 and 2025 was as follows:
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