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Segment Information
 9 Months Ended
Sep. 30, 2022
Segment Reporting [Abstract]  
SEGMENT INFORMATION

NOTE 13 – SEGMENT INFORMATION

 

Operating segments are defined as components of an entity for which discrete financial information is available and is regularly reviewed by the 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 American Robotics as the CODM reviews financial information for these two businesses separately The Company has no inter-segment sales.  Our segment structure presented below represents a change from the prior year for the inclusion of our American Robotics segment, which the Company acquired on August 5, 2021. The following table presents segment information for three- and nine-months ended September 30, 2022:

 

   Nine Months Ended 
   September 30, 2022 
   Ondas
Networks		   American
Robotics		   Total 
Revenue, net  $1,453,658   $193,247   $1,646,905 
Depreciation and amortization   459,234    3,180,366    3,639,600 
Interest expense   22,798    11,547    34,345 
Stock based compensation   926,051    3,440,683    4,366,734 
Net loss   (10,484,692)   (24,495,473)   (34,980,165)
Goodwill   
-
    45,026,583    45,026,583 
Total assets  $20,032,196   $82,983,786   $103,015,982 

 

   Three Months Ended 
   September 30, 2022 
   Ondas
Networks		   American
Robotics		   Total 
Revenue, net  $583,113   $49,375   $632,489 
Depreciation and amortization   158,557    1,131,398    1,289,955 
Interest expense   5,978    2,227    8,205 
Stock based compensation   116,808    1,366,347    1,483,155 
Net loss   (3,848,541)   (9,729,800)   (13,578,341)
Goodwill   
-
    45,026,583    45,026,583 
Total assets  $20,032,196   $82,983,786   $103,015,982