NOTES PAYABLE AND OTHER FINANCING AGREEMENTS (Details) - USD ($)
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1 Months Ended |
12 Months Ended |
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May 04, 2020 |
Jan. 02, 2018 |
Nov. 03, 2016 |
Dec. 14, 2015 |
Apr. 01, 2015 |
Aug. 27, 2020 |
Oct. 31, 2019 |
Sep. 27, 2019 |
Dec. 31, 2017 |
Dec. 20, 2016 |
Jul. 31, 2016 |
Feb. 15, 2016 |
Dec. 31, 2015 |
Feb. 28, 2015 |
Jan. 31, 2015 |
Feb. 28, 2014 |
Dec. 31, 2013 |
Dec. 31, 2020 |
Dec. 31, 2019 |
Nov. 01, 2014 |
NOTES PAYABLE AND OTHER FINANCING AGREEMENTS (Details) [Line Items] |
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Current liabilities |
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$ 59,550
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Long-term liabilities |
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606,541
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Interest expense |
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4,362
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Repayment of note payable |
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4,679,958
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Principal balance of promissory notes |
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59,550
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Convertible Promissory Notes [Member] |
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NOTES PAYABLE AND OTHER FINANCING AGREEMENTS (Details) [Line Items] |
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Convertible promissory note |
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$ 300,000
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$ 300,000
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Description of payment of quarterly gross revenue |
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The maturity date of the Note is based on the payment of 0.6% of quarterly gross revenue until 1.5 times the amount
of the Note is paid.
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The maturity date of the Note is based on the payment of 0.6% of quarterly gross revenue until 1.5 times the amount
of the Note is paid.
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Accrued interest |
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$ 36,329
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$ 31,243
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Interest expense |
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15,000
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15,000
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Warrants to purchase shares of common stock (in Shares) |
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140,678
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Paycheck Protection Program Loan [Member] |
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NOTES PAYABLE AND OTHER FINANCING AGREEMENTS (Details) [Line Items] |
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Principal amount |
$ 666,091
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Interest rate per annum |
1.00%
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Description of paycheck protection program loan |
For purposes of the CARES Act, payroll costs exclude compensation of an individual employee earning more than
$100,000, prorated annually. Not more than 40% of the forgiven amount may be for non-payroll costs. Forgiveness is reduced if
full-time headcount declines, or if salaries and wages for employees with salaries of $100,000 or less annually are reduced by
more than 25%.
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Promissory Notes [Member] |
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NOTES PAYABLE AND OTHER FINANCING AGREEMENTS (Details) [Line Items] |
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Promissory notes, description |
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the Company entered into two 10%, 18-month promissory notes for $100,000 each with an individual
(the “Promissory Notes”). Pursuant to several amendments to the Promissory Notes through July 2019, (i) the Promissory
Notes were extended to September 30, 2021 (the “Promissory Notes Maturity Date”), (ii) accrued and unpaid interest
on the Promissory Notes totaling $39,921 was transferred to principal, and (iii) interest will be accrued from August 2019 through
the Promissory Notes Maturity Date.
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Debt Agreements and Promissory Notes [Member] |
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NOTES PAYABLE AND OTHER FINANCING AGREEMENTS (Details) [Line Items] |
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Equity offering amount |
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$ 8,000,000
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Loan Agreements [Member] |
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NOTES PAYABLE AND OTHER FINANCING AGREEMENTS (Details) [Line Items] |
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Lender exchanged |
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$ 586,181
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Principal and interest |
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78,158
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Loan Agreements [Member] | October 2007 Note [Member] |
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NOTES PAYABLE AND OTHER FINANCING AGREEMENTS (Details) [Line Items] |
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Interest rate |
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6.00%
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Original principal amount |
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$ 550,000
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Lender exchanged |
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610,346
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Principal and interest |
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81,380
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Loan Agreements [Member] | December 2013 Note Member |
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NOTES PAYABLE AND OTHER FINANCING AGREEMENTS (Details) [Line Items] |
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Interest rate |
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10.00%
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Original principal amount |
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$ 250,000
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Repayment of note payable |
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$ 25,000
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Loan Agreements [Member] | November 2014 Note [Member] |
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NOTES PAYABLE AND OTHER FINANCING AGREEMENTS (Details) [Line Items] |
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Lender exchanged |
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$ 210,000
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Loan Agreements [Member] | April 2015 Note [Member] |
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NOTES PAYABLE AND OTHER FINANCING AGREEMENTS (Details) [Line Items] |
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Interest rate |
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10.00%
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Original principal amount |
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$ 50,000
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Lender exchanged |
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71,556
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Principal and interest |
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9,541
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Financing Agreement [Member] |
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NOTES PAYABLE AND OTHER FINANCING AGREEMENTS (Details) [Line Items] |
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Original principal amount |
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$ 660,000
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Lender exchanged |
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1,030,593
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Principal and interest |
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137,413
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Repayment of note payable |
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$ 285,000
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Accrued interest, description |
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Interest on the Financing Agreement accrued at 30% per annum for the first 104 days and at 51% per annum thereafter.
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Financing Agreement [Member] | November 2016 Note [Member] |
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NOTES PAYABLE AND OTHER FINANCING AGREEMENTS (Details) [Line Items] |
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Interest rate |
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20.00%
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Original principal amount |
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$ 250,000
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Financing Agreement [Member] | December 2016 Note [Member] |
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NOTES PAYABLE AND OTHER FINANCING AGREEMENTS (Details) [Line Items] |
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Interest rate |
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10.00%
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Original principal amount |
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$ 100,000
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Lender exchanged |
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433,131
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Principal and interest |
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57,751
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Promissory Notes [Member] |
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NOTES PAYABLE AND OTHER FINANCING AGREEMENTS (Details) [Line Items] |
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Accrued interest |
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0
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9,997
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Interest expense |
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15,862
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23,445
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Lender exchanged |
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1,201,960
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Principal and interest |
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$ 160,262
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Principal balance of promissory notes |
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$ 0
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$ 239,921
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Private Placement [Member] | Promissory Notes [Member] |
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NOTES PAYABLE AND OTHER FINANCING AGREEMENTS (Details) [Line Items] |
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Repayment of note payable |
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$ 25,000
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Initial public offering, description |
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Ondas Networks approved a private placement offering (“Private Placement”) seeking to sell to investors
certain 10% promissory notes in the aggregate face amount of $750,000, which amount was later increased to $1,250,000, with a
term of 18 months (“Private Placement Notes”). In connection with the Private Placement Notes, each investor (the
“Private Placement Noteholders”) received warrants to purchase shares of common stock of Ondas Networks (“Private
Placement Warrants”), equal to 25% of the principal amount of the Private Placement Notes, exercisable at the lower of (i)
$2.00 per share or (ii) 40% of the selling price of Ondas Networks’ shares in its proposed initial public offering.
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Sale of private placement notes |
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$ 925,000
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$ 325,000
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Number of warrants surrenderd (in Shares) |
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312,500
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81,250
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Exercise price of warrants (in Dollars per share) |
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$ 2.00
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$ 2.00
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Fair value of warrants |
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$ 168,678
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$ 63,398
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Warrants issued (in Shares) |
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231,250
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Series A Preferred Stock [Member] |
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NOTES PAYABLE AND OTHER FINANCING AGREEMENTS (Details) [Line Items] |
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Company issued (in Shares) |
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132,890
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