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Stockholders’ Equity (Tables) | 6 Months Ended
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Jun. 30, 2024
Stockholders’ Equity [Abstract] |
Schedule of Assumptions Used in the Black-Scholes Model | The assumptions used in the Black-Scholes Model are set forth in the table below.
|  | Six Months Ended June 30, 2024 |
|  | Ondas Holdings |
Stock price |  |  | $0.72-1.40 |
Risk-free interest rate |  |  | 4.29-4.62% |
Volatility |  |  | 61.86-64.45% |
Expected life in years |  |  | 2.75-5.00 |
Dividend yield |  |  | 0.00% |
Schedule of Warrants Activity | A summary of our Warrants activity for the three and six months ended June 30, 2024 and related information follows:
|  | Number of Shares Under Warrant |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contractual Life |
Balance as of January 1, 2024 |  |  | 12,566,092 |  |  | $ | 2.22 |  |  |  | 4.71 |
Granted |  |  | 3,015,000 |  |  |  | 1.26 |  |  |  |  |
Balance as of March 31, 2024 |  |  | 15,581,092 |  |  | $ | 2.03 |  |  |  | 4.54 |
Granted |  |  | 753,682 |  |  |  | 0.71 |  |  |  |  |
Exercised |  |  | (46,893 | ) |  |  | 0.03 |  |  |  |  |
Cancelled |  |  | (455,834 | ) |  |  | 9.26 |  |  |  |  |
Balance as of June 30, 2024 |  |  | 15,831,998 |  |  | $ | 1.77 |  |  |  | 4.46 |
Schedule of Stock Option Activity | A summary of our Option activity for the three and six months ended June 30, 2024 and related information follows:
|  | Number of Shares Under Option |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contractual Life |
Balance as of January 1, 2024 |  |  | 4,854,507 |  |  | $ | 4.59 |  |  |  | 7.34 |
Exercised |  |  | (4,535 | ) |  |  | 0.49 |  |  |  |  |
Forfeited |  |  | (58,400 | ) |  |  | 3.12 |  |  |  |  |
Canceled |  |  | (272,401 | ) |  |  | 9.76 |  |  |  |  |
Balance as of March 31, 2024 |  |  | 4,519,171 |  |  | $ | 4.30 |  |  |  | 7.30 |
Granted |  |  | 804,500 |  |  |  | 1.07 |  |  |  |  |
Exercised |  |  | (9,660 | ) |  |  | 0.87 |  |  |  |  |
Forfeited |  |  | (43,709 | ) |  |  | 1.74 |  |  |  |  |
Canceled |  |  | (320,895 | ) |  |  | 4.92 |  |  |  |  |
Balance as of June 30, 2024 |  |  | 4,949,407 |  |  | $ | 3.77 |  |  |  | 7.79 |
Vested and Exercisable as of June 30, 2024 |  |  | 2,364,616 |  |  | $ | 5.47 |  |  |  | 6.48 |
Schedule of Stock-Based Compensation Expense for Stock Options | Total stock-based compensation expense for stock options for the three and six months ended June 30, 2024 and 2023 is as follows:
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
General and administrative |  | $ | 218,635 |  |  | $ | 88,271 |  |  | $ | 290,218 |  |  | $ | 207,470 |
Sales and marketing |  |  | 80,412 |  |  |  | 128,840 |  |  |  | 151,966 |  |  |  | 258,587 |
Research and development |  |  | 37,089 |  |  |  | 78,311 |  |  |  | 77,405 |  |  |  | 131,602 |
Cost of goods sold |  |  | 19,108 |  |  |  | 16,330 |  |  |  | 37,048 |  |  |  | 19,022 |
Total stock-based expense related to options |  | $ | 355,244 |  |  | $ | 311,752 |  |  | $ | 556,637 |  |  | $ | 616,681 |
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
General and administrative |  | $ | 48,477 |  |  | $ | 855,468 |  |  | $ | 106,634 |  |  | $ | 1,473,307 |
Sales and marketing |  |  | 4,065 |  |  |  | 9,498 |  |  |  | 13,564 |  |  |  | 18,893 |
Research and development |  |  | 211 |  |  |  | 463,151 |  |  |  | 715 |  |  |  | 794,344 |
Total stock-based expense related to restricted stock units |  | $ | 52,753 |  |  | $ | 1,328,117 |  |  | $ | 120,913 |  |  | $ | 2,286,544 |
Schedule of Restricted Stock Unit Activity | The following is a summary of restricted stock unit activity for the three and six months ended June 30, 2024:
|  | RSUs |  |  | Weighted Average Grant Date Fair Value |  |  | Weighted Average Vesting Period (Years) |
Unvested balance as of January 1, 2024 |  |  | 554,466 |  |  | $ | 1.14 |  |  |  | 0.66 |
Vested |  |  | (146,419 | ) |  |  | 0.70 |  |  |  |  |
Unvested balance as of March 31, 2024 |  |  | 408,047 |  |  | $ | 1.30 |  |  |  | 0.48 |
Vested |  |  | (125,375 | ) |  |  | 0.68 |  |  |  |  |
Unvested balance as of June 30, 2024 |  |  | 282,672 |  |  | $ | 1.58 |  |  |  | 0.23 |

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- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-1 + Details
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