Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.25.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (32,367,356) $ (27,672,088)
Adjustments to reconcile net loss to net cash flows used in operating activities:    
Investment gains (6,893,277)
Depreciation 565,643 424,637
Amortization of debt discount and issuance costs 4,690,079 1,502,657
Amortization of intangible assets 3,203,867 3,161,729
Amortization of right of use asset 845,168 902,851
Retirement of assets 1,578
Loss on intellectual property 15,704
Change in fair value of government grant liability 198,260 (605,889)
Stock-based compensation 9,210,913 988,683
Changes in operating assets and liabilities:    
Accounts receivable 19,615 553,887
Inventory (2,641,942) (4,402,549)
Other current assets (5,761,619) 426,879
Deposits and other assets 30 117,125
Accounts payable 1,177,340 (482,249)
Accrued expenses and other current liabilities 3,964,336 (71,933)
Deferred revenue (1,339,559) 170,776
Operating lease liability (894,519) (459,243)
Deferred tax liability (11,356)  
Other liabilities 1,048 82,500
Net cash flows used in operating activities (26,017,625) (25,360,649)
CASH FLOWS FROM INVESTING ACTIVITIES    
Patent costs (44,812) (22,030)
Purchase of equipment (437,298) (1,606,358)
Proceeds from sale of equipment 1,700
Purchase of software intangible (15,615) (32,678)
Purchase of long-term equity investment (587,250)
Purchases of equity securities (10,999,999)
Cash paid for asset acquisition, net of cash acquired (169,724)
Cash paid for business acquisition, net of cash acquired (6,488,921)
Net cash flows used in investing activities (18,743,619) (1,659,366)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from sale of noncontrolling interest in Ondas Networks, net of issuance costs 4,375,035
Proceeds from sale of common stock and warrants, net of issuance costs 422,308,698 7,327,334
Proceeds from exercise of options and warrants 23,549,209 8,702
Proceeds from exercise of warrants in OAS 1,158,482
Proceeds from convertible notes payable, net of issuance costs, related party 1,482,868
Proceeds from convertible notes payable, net of issuance costs 923,358
Proceeds from notes payable, net of issuance costs, related party 1,377,524
Proceeds from government grant 364,683 299,838
Payments on government grant liability (148,950)
Net cash flows provided by financing activities 448,155,480 14,871,301
Increase (decrease) in cash, cash equivalents, and restricted cash 403,394,236 (12,148,714)
Cash, cash equivalents, and restricted cash, beginning of period 29,999,321 15,022,000
Cash, cash equivalents, and restricted cash, end of period 433,393,557 2,873,286
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Cash paid for interest 8,120 16,845
Cash paid for income taxes 9,662
SUPPLEMENTAL SCHEDULE OF NON-CASH FINANCING ACTIVITIES:    
Preferred dividends attributable to redeemable noncontrolling interest 1,170,000 1,114,138
Accretion of redeemable preferred stock in Ondas Networks 2,619,809 2,112,784
Common stock issued in exchange for debt repayment 53,218,418 2,079,375
Noncash consideration for settlement of development agreement payable 342,428
Warrants in Ondas Autonomous Systems, in relation to sale of common stock 954,737
Warrants in Ondas Holdings, in relation to sale of common stock 2,198,559
Warrants in relation to sale of redeemable preferred stock in Ondas Networks 1,471,194
Warrants in Ondas Networks, in relation to notes payable and convertible notes payable 345,403 589,924
Transfer of equipment into inventory 2,289,539
Operating leases right-of-use assets obtained in exchange of lease liabilities $ 1,457,750