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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (18,145,820) $ (23,413,637)
Adjustments to reconcile net loss to net cash flows used in operating activities:    
Depreciation 234,305 412,625
Amortization of debt discount 994,705 1,785,414
Amortization of intangible assets 2,105,588 2,038,793
Amortization of right of use asset 466,156 529,666
Loss on disposal of equipment 1,578
Loss on intellectual property 12,223
Stock-based compensation 677,550 2,903,225
Change in fair value of government grant liability (692,196) (72,381)
Changes in operating assets and liabilities:    
Accounts receivable 1,138,730 (4,696,381)
Inventory (2,371,081) 760,461
Other current assets 115,866 387,339
Deposits and other assets (109,690) (138,552)
Accounts payable (232,044) 955,357
Deferred revenue 8,335 (1,521,408)
Operating lease liability (160,841) (513,808)
Accrued expenses and other current liabilities (388,363) (1,293,713)
Other liabilities 82,500
Net cash flows used in operating activities (16,274,722) (21,864,777)
CASH FLOWS FROM INVESTING ACTIVITIES    
Patent costs (18,698) (49,634)
Purchase of equipment (2,282,237) (65,170)
Proceeds from sale of equipment 1,700
Purchase of software intangible (15,638)
Cash paid for Iron Drone asset acquisition (135,000)
Cash acquired on the acquisition of Airobotics Ltd. 1,049,454
Cash paid for Field of View LLC asset acquisition (104,166)
Net cash flows provided by (used in) investing activities (2,314,873) 695,484
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, net of issuance costs 3,859,394
Proceeds from exercise of options 7,295 701
Proceeds from exercise of warrants 1,407
Proceeds from government grant 299,838
Payments on convertible notes payable (4,354,911)
Payments on government grant liability (6,576)
Payments on loan payable (1,140,301)
Net cash flows provided by (used in) financing activities 8,542,969 (5,501,087)
Decrease in cash, cash equivalents, and restricted cash (10,046,626) (26,670,380)
Cash, cash equivalents, and restricted cash, beginning of period 15,022,000 29,775,096
Cash, cash equivalents, and restricted cash, end of period 4,975,374 3,104,716
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Cash paid for interest 11,923 155,342
Cash paid for income taxes
SUPPLEMENTAL SCHEDULE OF NON-CASH FINANCING ACTIVITIES:    
Common Stock and warrants issued in relation to acquisition of Airobotics, Ltd. 5,962,628
Common Stock issued in relation to acquisition of the assets of Iron Drone, Ltd. 85,800
Common stock issued in exchange for debt repayment 250,187 5,756,169
Noncash consideration for settlement of development agreement payable 342,428
Warrants in relation to sale of common stock 954,737
Warrants in relation to sale of redeemable preferred stock in Ondas Networks 1,471,194
Preferred dividends attributable to redeemable noncontrolling interest 724,138
Accretion of redeemable preferred stock in Ondas Networks 1,357,140
Transfer of equipment into inventory $ 398,046

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