Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.22.2.2
Segment Information
 9 Months Ended
Sep. 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 nine-months ended September 30, 2022:

 

    Nine Months Ended  
    September 30, 2022  
    Ondas
Networks		     American
Robotics		     Total  
Revenue, net   $ 1,453,658     $ 193,247     $ 1,646,905  
Depreciation and amortization     459,234       3,180,366       3,639,600  
Interest expense     22,798       11,547       34,345  
Stock based compensation     926,051       3,440,683       4,366,734  
Net loss     (10,484,692 )     (24,495,473 )     (34,980,165 )
Goodwill    
-
       45,026,583       45,026,583  
Total assets   $ 20,032,196     $ 82,983,786     $ 103,015,982  

 

    Three Months Ended  
    September 30, 2022  
    Ondas
Networks		     American
Robotics		     Total  
Revenue, net   $ 583,113     $ 49,375     $ 632,489  
Depreciation and amortization     158,557       1,131,398       1,289,955  
Interest expense     5,978       2,227       8,205  
Stock based compensation     116,808       1,366,347       1,483,155  
Net loss     (3,848,541 )     (9,729,800 )     (13,578,341 )
Goodwill    
-
       45,026,583       45,026,583  
Total assets   $ 20,032,196     $ 82,983,786     $ 103,015,982