DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION (Details Narrative) - USD ($) |
3 Months Ended | 12 Months Ended | |||||||
---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2019 |
Dec. 31, 2018 |
Sep. 19, 2019 |
Sep. 09, 2019 |
Jun. 30, 2019 |
Sep. 28, 2018 |
Mar. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2016 |
|
Common stock, par value (in dollars per share) | $ 0.0001 | $ 0.0001 | $ 0.0001 | $ 0.0001 | |||||
Authorized Capital | 360,000,000 | ||||||||
Common stock, authorized | 350,000,000 | 350,000,000 | 350,000,000 | ||||||
Common stock, issued | 50,463,732 | 50,463,732 | 16,797,744 | ||||||
Common stock, outstanding | 50,463,732 | 50,463,732 | 16,797,744 | ||||||
Preferred stock, par value (in dollar pers share) | $ 0.0001 | $ 0.0001 | $ 0.0001 | ||||||
Preferred stock, authorized | 10,000,000 | 10,000,000 | 10,000,000 | ||||||
Accumulated deficit | $ (38,205,260) | $ (32,381,535) | $ (20,284,671) | ||||||
Working capital deficit | 17,200,000 | 15,205,000 | |||||||
Net borrowings outstanding | 3,883,000 | 14,246,000 | $ 10,063,000 | ||||||
Cash and cash equivalents | $ 437,298 | $ 1,129,863 | $ 4,625,874 | $ 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 $5.9 million in borrowings available under the Energy Capital Loan and Security Agreement (see NOTE 8 for additional details), will be sufficient to meet our anticipated operating needs through June 30, 2019. We currently do not have sufficient funds to repay certain debt obligations totaling approximately $4 million on maturity on June 30, 2019 and must secure additional equity or debt capital in order to repay those obligations. 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. | 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. | |||||||
Short-term borrowings outstanding | $ 14,100,000 | $ 10,100,000 | $ 4,000,000 | ||||||
Long-term borrowings outstanding | 4,400,000 | ||||||||
Employee [Member] | 2018 Equity Incentive Plan [Member] | |||||||||
Common stock reserved for issuance to employees | $ 10,000,000 | $ 10,000,000 | |||||||
Common Stock Repurchase Agreement [Member] | |||||||||
Number of shares repurchased | 32,600,000 | 32,600,000 | |||||||
Consideration of shares repurchased | $ 3,260 | $ 3,260 | |||||||
Ondas Networks Share [Member] | |||||||||
Common stock, par value (in dollars per share) | $ 0.00001 |