Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.23.2
Segment Information
 6 Months Ended
Jun. 30, 2023
Segment Information [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 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 three and six months ended June 30, 2023:

 

    Three Months Ended June 30, 2023  
    Ondas
Networks		     Ondas
Autonomous
Systems		     Total  
Revenue, net   $ 1,518,496     $ 3,950,468     $ 5,468,964  
Depreciation and amortization     40,784       1,179,252       1,220,036  
Interest expense     270,739       237,437       508,176  
Stock based compensation     280,979       1,358,890       1,639,869  
Net loss     (3,932,756 )     (5,025,330 )     (8,958,086 )
Goodwill    
-
       27,671,921       27,671,921  
Capital expenditures     8,549       56,621       65,170  
Total assets   $ 7,915,713     $ 76,645,866     $ 84,561,579  

 

    Six Months Ended June 30, 2023  
    Ondas
Networks		     Ondas
Autonomous
Systems		     Total  
Revenue, net   $ 2,648,698     $ 5,416,257     $ 8,064,955  
Depreciation and amortization     76,528       2,374,890       2,451,418  
Interest income     3,673       3,672       7,345  
Interest expense     1,179,703       1,123,946       2,303,649  
Stock based compensation     548,510       2,354,715       2,903,225  
Net loss     (8,157,999 )     (15,255,638 )     (23,413,637 )
Goodwill     -       27,671,921       27,671,921  
Capital expenditures     8,549       56,621       65,170  
Total assets   $ 7,915,713     $ 76,645,866     $ 84,561,579