Annual report pursuant to Section 13 and 15(d)

Segment Information

v3.22.1
Segment Information
 12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
SEGMENT INFORMATION

NOTE 12 – SEGMENT INFORMATION

 

Operating segments are defined as components of an entity for which discrete financial information is available and is regularly reviewed by the Chief Operating Decision Maker (“CODM”) in making decisions regarding resource allocation and performance assessment. The Company’s CODM is its Chief Executive Officer. The Company determined it has two reportable segments: Ondas Networks and American Robotics as the CODM reviews financial information for these two businesses separately 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 years ended December 31, 2021 and 2020:

 

    Year Ended     Year Ended  
    December 31, 2021     December 31, 2020  
    Ondas
Networks		     American
Robotics		     Total     Ondas
Networks		     American
Robotics		     Total  
Revenue, net   $ 2,840,154     $ 66,617     $ 2,906,771     $ 2,163,719     $
       -
     $ 2,163,719  
Depreciation and amortization     126,728       1,385,866       1,512,594       117,599      
-
       117,599  
Interest income     10,399       1,179       11,578       251      
-
       251  
Interest expense     574,889       796       575,685       1,936,847      
-
       1,936,847  
Stock based compensation     1,642,507       1,611,083       3,253,590       4,676,362      
-
       4,676,362  
Benefit from income taxes     -       2,921,982       2,921,982       -       -       -  
Net loss     (7,888,588 )     (7,135,254 )     (15,023,842 )     (13,477,880 )    
-
       (13,477,880 )
Goodwill     -       45,026,583       45,026,583       -       -       -  
Capital expenditures     123,854       799,864       923,718       8,598      
-
       8,598  
Total assets     45,226,925      

72,211,650

      

117,438,575

       28,511,769      
-
       28,511,769