Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.23.1
Segment Information
 3 Months Ended
Mar. 31, 2023
Segment Information [Abstract]  
SEGMENT INFORMATION

NOTE 12 – SEGMENT INFORMATION

 

Operating segments are defined as components of an entity for which discrete financial information is available and is regularly reviewed by the Chief Operating Decision Maker (“CODM”) in making decisions regarding resource allocation and performance assessment. The Company’s CODM is its Chief Executive Officer. The Company determined it has two reportable segments: Ondas Networks and Ondas Autonomous Systems as the CODM reviews financial information for these two businesses separately. The Company has no inter-segment sales. The following table presents segment information for three months ended March 31, 2023:

 

    Three Months Ended  
    March 31, 2023  
    Ondas
Networks		     Ondas
Autonomous
Systems		     Total  
Revenue, net   $ 1,130,202     $ 1,465,789     $ 2,595,991  
Depreciation and amortization     35,744       1,195,638       1,231,382  
Interest income     3,679       3,666       7,345  
Interest expense     908,964       886,509       1,795,473  
Stock based compensation     267,531       995,825       1,263,356  
Net loss     (4,225,243 )     (10,230,308 )     (14,455,551 )
Goodwill    
-
       27,603,438       27,603,438  
Capital expenditures    
-
       135,224       135,224  
Total assets   $ 18,879,201     $ 74,892,433     $ 93,771,634