Ondas Holdings Inc. General form of registration statement for all companies including face-amount certificate companies

General form of registration statement for all companies including face-amount certificate companies

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2020

Dec. 31, 2019

Accounting Policies [Abstract]

Schedule of inventory

		June 30, 2020				December 31, 2019
Raw Material		$	909,947			$	372,101
Finished Goods			47,075				55,415
TOTAL INVENTORY		$	957,022			$	427,516

		Years Ended December 31,
		2019				2018
Raw material		$	372,101			$	307,947
Finished goods			55,415				39,998
Total inventory		$	427,516			$	347,945

Schedule of disaggregation of revenue

		Three Months Ended June 30,								Six Months Ended June 30,
		2020				2019				2020				2019
Type of Revenue
Product revenue		$	811,238			$	138,760			$	826,510			$	151,723
Service revenue			6,326				54,178				9,090				73,509
Development revenue			332,709				-				514,871				-
Other revenue			5,101				219				5,101				219
Total revenue		$	1,155,374			$	193,157			$	1,355,572			$	225,451

		Three Months Ended June 30,								Six Months Ended June 30,
		2020				2019				2020				2019
Timing of Revenue
Revenue recognized point in time		$	822,105			$	183,860			$	838,881			$	202,167
Revenue recognized over time			333,269				9,297				516,691				23,284
Total revenue		$	1,155,374			$	193,157			$	1,355,572			$	225,451

		Years Ended December 31,
		2019				2018
Type of Revenue
Product revenue		$	212,905			$	125,664
Service revenue			107,478				64,365
Total revenue		$	320,383			$	190,029

		Years Ended December 31,
		2019				2018
Timing of Revenue
Revenue recognized point in time		$	281,333			$	147,863
Revenue recognized over time			39,050				42,166
Total revenue		$	320,383			$	190,029

Schedule of activity in contract liabilities

		Six Months Ended June 30, 2020				Year Ended December 31, 2019
Balance at beginning of period		$	378,850			$	20,631
Additions			582,266				397,269
Transfer to revenue			(717,856	)			(39,050	)
Balance at end of period		$	243,260			$	378,850

		Years Ended December 31,
		2019				2018
Balance, beginning of year		$	20,631			$	30,690
Additions			20,826				32,106
Transfer to revenue			(39,050	)			(42,166	)
Balance, end of year		$	2,467			$	20,631

Schedule of lease costs

		Three Months Ended June 30,								Six Months Ended June 30,
		2020				2019				2020				2019
Components of total lease costs:
Operating lease expense		$	82,700			$	148,141			$	165,955			$	296,226
Short-term lease costs ⁽¹⁾			1,300				14,963				5,550				27,680
Sublease rental income			(31,281	)			-				(50,613	)			-
Total lease costs		$	52,719			$	163,104			$	120,892			$	323,906

⁽¹⁾

Represents short-term leases which are immaterial.

		Year ended December 31, 2019
Components of total lease costs:
Operating lease expense		$	593,707
Short-term lease costs ⁽¹⁾			46,575
Total lease costs		$	640,282

⁽¹⁾

Represents short-term leases which are immaterial.

Schedule of ROU lease assets and lease liabilities

		As of June 30, 2020				As of December 31, 2019
Assets:
Operating lease assets		$	196,651			$	331,419
Total lease assets		$	196,651			$	331,419

Liabilities:
Operating lease liabilities, current		$	307,456			$	489,407
Operating lease liabilities, net of current			-				52,449
Total lease liabilities		$	307,456			$	541,856

		As of December 31, 2019
Assets:
Operating lease assets		$	331,419
Total lease assets		$	331,419

Liabilities:
Operating lease liabilities, current		$	489,406
Operating lease liabilities, net of current			52,449
Total lease liabilities		$	541,855

Schedule of operating leases

		Six Months Ended June 30,
		2020				2019
Operating cash flows for operating leases		$	265,583			$	240,417
Weighted average remaining lease term (in years) – operating lease			0.6				2.5
Weighted average discount rate – operating lease			14	%			14	%

		Year ended December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases		$	570,568

Schedule of future minimum lease payments

Years ending December 31,
2020 (6 months)		$	265,583
2021			57,153
Total future minimum lease payments			322,736
Lease imputed interest			(15,280	)
Total		$	307,456

Years ending December 31,
2020		$	531,166
2021			57,153
Thereafter			-
Total future minimum lease payments			588,319
Lease imputed interest			(46,464	)
Total		$	541,855

Schedule of net loss per share

		Six months ended June 30,
		2020				2019
Warrants to purchase common stock			5,639,167				-
Options to purchase common stock			1,499,000				-
Restricted stock purchase offers			3,378,478				-
Convertible debt			-				140,678
Total potentially dilutive securities			10,516,645				140,678

		Years Ended December 31,
		2019				2018
Warrants to purchase common stock			4,771,417				-
Options to purchase common stock			675,000				-
Restricted stock purchase offers			383,478				-
Convertible debt			-				140,678
Total potentially dilutive securities			5,829,895				140,678

Schedule of concentration of customers

		Three Months Ended June 30,								Six Months Ended June 30,
Customer		2020				2019				2020				2019
A			70	%			-%				60	%			-%
B			29	%			-%				38	%			-%
C			-%				66	%			-%				59	%
D			-%				20	%			-%				18	%
E			-%				13	%			-%				23	%

		Years Ended December 31,
Customer		2019				2018
A			45	%			17	%
B			18	%			76	%
C			36	%			0	%

Schedule of changes in fair value associated with level 3 liabilities

		Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
		December 31,
		2019				2018
Balance, beginning of period		$	-			$	(166,093	)
Issuances of derivative liability			-				-
Reclassification to additional paid in capital			-				1,141,995
Change in fair value of derivative liability			-				(975,902	)
Balance, end of period		$	-			$	-

Schedule of lease terms and discount rate

Weighted average remaining lease term (in years) – operating lease			1.1
Weighted average discount rate – operating lease			14	%