Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.21.2
Segment Information
 9 Months Ended
Sep. 30, 2021
Segment Reporting [Abstract]  
SEGMENT INFORMATION

NOTE 12 – SEGMENT INFORMATION

 

The Company has two reportable segments: Ondas Networks and American Robotics. The Company has no inter-segment sales. Our segment structure presented below represents a change from the prior year for the inclusion of our American Robotics segment, which the Company acquired on August 5, 2021. The following table presents segment information for the three and nine months ended September 30, 2021 and September 30, 2020:

 

    Three Months Ended     Nine Months Ended  
    September 30, 2021     September 30, 2021  
    Ondas
Networks		     American
Robotics		     Total     Ondas
Networks		     American
Robotics		     Total  
Revenue, net   $ 260,636     $ 22,693     $ 283,329     $ 2,312,832     $ 22,693     $ 2,335,525  
Depreciation and amortization     28,998       661,177       690,175       98,887       661,177       760,064  
Interest income     2,774       1,179       3,953       10,400       1,179       11,579  
Interest expense     4,538       336       4,874       571,137       336       571,473  
Stock based compensation     252,937       52,017       304,954       1,903,056       52,017       1,955,073  
Net loss     (2,861,558 )     (2,052,714 )     (4,914,272 )     (8,821,443 )     (2,052,714 )     (10,874,157 )
Capital expenditures     7,930      
-
       7,930       80,358      
-
       80,358  
Total assets     51,426,997       81,262,801       132,689,798       51,426,997       81,262,801       132,689,798