Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.22.1
Segment Information
 3 Months Ended
Mar. 31, 2022
Segment Reporting [Abstract]  
SEGMENT INFORMATION

NOTE 13 – SEGMENT INFORMATION

 

Operating segments are defined as components of an entity for which discrete financial information is available and is regularly reviewed by the 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 three months ended March 31, 2022:

 

    Three Months Ended  
    March 31, 2022  
    Ondas
Networks		     American
Robotics		     Total  
Revenue, net   $ 350,081     $ 60,117     $ 410,198  
Depreciation and amortization     32,001       862,959       894,960  
Interest expense     14,674      
-
       14,674  
Stock based compensation     302,003       1,026,392       1,328,395  
Net loss     (3,291,847 )     (6,718,552 )     (10,010,399 )
Goodwill             45,026,583       45,026,583  
Total assets     34,974,289       76,993,230       111,967,519