Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.22.2
Segment Information
 6 Months Ended
Jun. 30, 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- and six-months ended June 30, 2022:

 

    Six Months Ended  
    June 30, 2022  
    Ondas
Networks		     American
Robotics		     Total  
Revenue, net   $ 870,545     $ 143,872     $ 1,014,417  
Depreciation and amortization     300,677       2,048,965       2,349,642  
Interest expense     16,820       9,320       26,140  
Stock based compensation     809,243       2,074,336       2,883,579  
Net loss     (6,636,152 )     (14,765,673 )     (21,401,824 )
Goodwill    
-
       45,026,583       45,026,583  
Total assets     46,598,686       81,733,939       128,332,625  

 

    Three Months Ended  
    June 30, 2022  
    Ondas
Networks		     American
Robotics		     Total  
Revenue, net   $ 520,464     $ 83,755     $ 604,219  
Depreciation and amortization     153,907       1,131,431       1,285,338  
Interest expense     2,146       9,320       11,466  
Stock based compensation     507,240       1,047,944       1,555,184  
Net loss     (3,344,306 )     (8,047,121 )     (11,391,425 )
Goodwill    

-

       45,026,583       45,026,583  
Total assets     46,598,686       81,733,939       128,332,625