Ondas Holdings Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

SUMMARY OF SIGNIFICANT ACCOUNT POLICIES (Tables)

SUMMARY OF SIGNIFICANT ACCOUNT POLICIES (Tables)

12 Months Ended

Dec. 31, 2020

Accounting Policies [Abstract]

Schedule of inventory

		Years Ended December 31,
		2020				2019
Raw material		$	911,753			$	372,101
Work in process			172,207				-
Finished goods			68,145				55,415
Total inventory		$	1,152,105			$	427,516

Schedule of changes in fair value associated with level 3 liabilities

		Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
		December 31,
		2020				2019

Balance, beginning of period		$	-			$
Recognition of derivative liability			(32,906	)
Change in fair value of derivative liability			(37,607	)			-
Reclassification to additional paid in capital			70,513				-
Balance, end of period		$	-			$	-

Schedule of disaggregation of revenue

		Years Ended December 31,
		2020				2019
Type of Revenue
Product revenue		$	1,151,557			$	212,905
Service revenue			62,410				107,478
Development revenue			943,357				-
Other revenue			6,395				-
Total revenue		$	2,163,719			$	320,383

		Years Ended December 31,
		2020				2019
Timing of Revenue
Revenue recognized point in time		$	1,287,132			$	281,333
Revenue recognized over time			876,587				39,050
Total revenue		$	2,163,719			$	320,383

Schedule of deferred warranty activity

		Years Ended December 31,
		2020				2019
Balance, beginning of year		$	378,850			$	20,631
Additions			1,053,850				397,269
Transfer to revenue			(1,267,665	)			(39,050	)
Balance, end of year		$	165,035			$	378,850

Schedule of lease costs

		Years ended December 31,
		2020				2019
Components of total lease costs:
Operating lease expense		$	325,839			$	593,707
Short-term lease costs ⁽¹⁾			7,650				46,575
Sublease rental income			(111,349	)			-
Total lease costs		$	222,140			$	640,282

Schedule of ROU lease assets and lease liabilities

		December 31,
		2020				2019
Assets:
Operating lease assets		$	51,065			$	331,419
Total lease assets		$	51,065			$	331,419

Liabilities:
Operating lease liabilities, current		$	56,168			$	489,407
Operating lease liabilities, net of current			-				52,449
Total lease liabilities		$	56,168			$	541,856

Schedule of other Information

		Years ended December 31,
		2020				2019
Operating cash flows for operating leases		$	531,166			$	570,568
Weighted average remaining lease term (in years) - operating lease			0.2				1.1
Weighted average discount rate – operating lease			14	%			14	%

Schedule of future minimum lease payments

Year ending December 31,
2021 (2 months)		$	57,153
Thereafter			-
Total future minimum lease payments			57,153
Lease imputed interest			(985	)
Total		$	56,168

Schedule of net loss per share

		Years Ended December 31,
		2020				2019
Warrants to purchase common stock			1,832,910				1,543,579
Options to purchase common stock			568,006				225,001
Restricted stock units			501,160				78,850
Total potentially dilutive securities			2,902,076				1,847,429

Schedule of concentration of customers

		Years Ended December 31,
Customer		2020				2019
A			47	%			-	%
B			46	%			-	%
C			-	%			45	%
D			-	%			36	%
E			-	%			18	%