DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION (Details Narrative) - USD ($) |
12 Months Ended | |||||
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Dec. 31, 2018 |
Sep. 19, 2019 |
Mar. 31, 2019 |
Sep. 28, 2018 |
Dec. 31, 2017 |
Dec. 31, 2016 |
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Common stock, par value (in dollars per share) | $ 0.0001 | $ 0.0001 | $ 0.0001 | |||
Authorized Capital | 360,000,000 | |||||
Common stock, authorized | 350,000,000 | 350,000,000 | ||||
Common stock, issued | 50,463,732 | 16,797,744 | ||||
Common stock, outstanding | 50,463,732 | 16,797,744 | ||||
Preferred stock, par value (in dollar pers share) | $ 0.0001 | $ 0.0001 | ||||
Preferred stock, authorized | 10,000,000 | 10,000,000 | ||||
Accumulated deficit | $ (32,381,535) | $ (20,284,671) | ||||
Working capital deficit | 15,205,000 | |||||
Net borrowings outstanding | 14,246,000 | $ 10,063,000 | $ 3,883,000 | |||
Cash and cash equivalents | $ 1,129,863 | $ 456,018 | $ 45,248 | |||
Liquidity description | Based on our current operating plans, we believe that our existing cash and cash equivalents, as well as the $3,300,000 in borrowings we drew down thus far in 2019 from the $10 million loan and security agreement (see NOTE 14 for further details) will only be sufficient to meet our anticipated operating needs through March 2019. We currently do not have sufficient funds to repay the debt discussed above at maturity on March 30, 2019 and must secure additional equity or debt capital in order to repay those obligations (the balance of funds available under the $10 million loan and security agreement are contractually not available for this repayment). Aside from the balance available under $10 million loan and security agreement, at the present time we have no commitments for any such funding and no assurance can be provided that we will be able to raise the needed funds on commercially acceptable terms or at all. | |||||
Employee [Member] | 2018 Equity Incentive Plan [Member] | ||||||
Common stock issued to employeee | 10,000,000 | |||||
Common Stock Repurchase Agreement [Member] | ||||||
Number of shares repurchased | 32,600,000 | |||||
Consideration of shares repurchased | $ 3,260 | |||||
Ondas Networks Share [Member] | ||||||
Common stock, par value (in dollars per share) | $ 0.00001 |
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- Definition Common stock issued to employeee. No definition available.
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- References No definition available.
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- Definition Net borrowings outstanding. No definition available.
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- Definition Number of shares repurchased. No definition available.
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- Definition Working capital deficit. No definition available.
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- Definition Number of authorized capital units or capital shares. This element is relevant to issuers of face-amount certificates and registered investment companies. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Face amount or stated value per share of common stock. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The maximum number of common shares permitted to be issued by an entity's charter and bylaws. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Face amount or stated value per share of preferred stock nonredeemable or redeemable solely at the option of the issuer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Cash received on stock transaction after deduction of issuance costs. No definition available.
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