Annual report pursuant to Section 13 and 15(d)

Segment Information

v3.22.4
Segment Information
 12 Months Ended
Dec. 31, 2022
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 Ondas Autonomous Systems, which only includes the results of American Robotics for the year ended December 31, 2022 and 2021, as the CODM reviews financial information for these two businesses separately The Company has no inter-segment sales. The following table presents segment information for years ended December 31, 2022 and 2021:

 

    Year Ended     Year Ended  
    December 31, 2022     December 31, 2021  
    Ondas
Networks		     Ondas
Autonomous
Systems		     Total     Ondas
Networks		     Ondas
Autonomous
Systems		     Total  
Revenue, net   $ 1,931,677     $ 194,140     $ 2,125,817     $ 2,840,154     $ 66,617     $ 2,906,771  
Depreciation and amortization     1,915,557       5,649,834       7,565,391       126,728       1,385,866       1,512,594  
Interest income     12,771       12,771       25,542       10,399       1,179       11,578  
Interest expense     1,294,863       1,279,863       2,574,726       574,889       796       575,685  
Stock based compensation     1,188,217       4,669,218       5,857,435       1,642,507       1,611,083       3,253,590  
Goodwill impairment    
-
       19,419,600       19,419,600      
-
      
-
      
-
  
Benefit from income taxes    
-
      
-
      
-
      
-
       2,921,982       2,921,982  
Net loss     (14,361,407 )     (58,880,398 )     (73,241,805 )     (7,888,588 )     (7,135,254 )     (15,023,842 )
Goodwill    
-
       25,606,983       25,606,983      
-
       45,026,583       45,026,583  
Capital expenditure     97,853       2,783,047       2,880,900       123,854       799,864       923,718  
Total assets     34,227,117       63,718,129       97,945,245       45,226,925       72,211,650       117,438,575