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Segment Information | 6 Months Ended
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Jun. 30, 2024
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 OAS, 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 and six months ended June 30, 2024 and 2023:
|  | Three Months Ended |  |  | Three Months Ended |
|  | June 30, 2024 |  |  | June 30, 2023 |
|  | Ondas Networks |  |  | OAS |  |  | Total |  |  | Ondas Networks |  |  | OAS |  |  | Total |
Revenue, net |  | $ | 659,298 |  |  | $ | 298,553 |  |  | $ | 957,851 |  |  | $ | 1,518,496 |  |  | $ | 3,950,468 |  |  | $ | 5,468,964 |
Depreciation and amortization |  |  | 32,631 |  |  |  | 1,131,980 |  |  |  | 1,164,611 |  |  |  | 40,784 |  |  |  | 1,179,252 |  |  |  | 1,220,036 |
Interest income |  |  | 49,818 |  |  |  | 37,458 |  |  |  | 87,276 |  |  |  | - |  |  |  | - |  |  |  | - |
Interest expense |  |  | 350,184 |  |  |  | 353,367 |  |  |  | 703,551 |  |  |  | 270,739 |  |  |  | 237,437 |  |  |  | 508,176 |
Stock based compensation |  |  | 190,606 |  |  |  | 217,391 |  |  |  | 407,997 |  |  |  | 280,979 |  |  |  | 1,358,890 |  |  |  | 1,639,869 |
Net loss |  |  | (4,114,419 | ) |  |  | (4,155,317 | ) |  |  | (8,269,736 | ) |  |  | (3,932,756 | ) |  |  | (5,025,330 | ) |  |  | (8,958,086 | )
Goodwill |  |  | - |  |  |  | 27,751,921 |  |  |  | 27,751,921 |  |  |  | - |  |  |  | 27,671,921 |  |  |  | 27,671,921 |
Capital expenditure |  |  | 592,562 |  |  |  | 501,589 |  |  |  | 1,094,151 |  |  |  | 8,549 |  |  |  | 56,621 |  |  |  | 65,170 |
Total assets |  | $ | 12,648,854 |  |  | $ | 69,872,082 |  |  | $ | 82,520,936 |  |  | $ | 7,915,713 |  |  | $ | 76,645,866 |  |  | $ | 84,561,579 |
|  | Six Months Ended |  |  | Six Months Ended |
|  | June 30, 2024 |  |  | June 30, 2023 |
|  | Ondas Networks |  |  | OAS |  |  | Total |  |  | Ondas Networks |  |  | OAS |  |  | Total |
Revenue, net |  | $ | 971,130 |  |  | $ | 611,730 |  |  | $ | 1,582,860 |  |  | $ | 2,648,698 |  |  | $ | 5,416,257 |  |  | $ | 8,064,955 |
Depreciation and amortization |  |  | 57,731 |  |  |  | 2,282,162 |  |  |  | 2,339,893 |  |  |  | 76,528 |  |  |  | 2,374,890 |  |  |  | 2,451,418 |
Interest income |  |  | 129,850 |  |  |  | 54,927 |  |  |  | 184,777 |  |  |  | 3,673 |  |  |  | 3,672 |  |  |  | 7,345 |
Interest expense |  |  | 742,183 |  |  |  | 743,979 |  |  |  | 1,486,162 |  |  |  | 1,179,703 |  |  |  | 1,123,946 |  |  |  | 2,303,649 |
Stock based compensation |  |  | 328,094 |  |  |  | 349,456 |  |  |  | 677,550 |  |  |  | 548,510 |  |  |  | 2,354,715 |  |  |  | 2,903,225 |
Net loss |  |  | (8,690,177 | ) |  |  | (9,455,643 | ) |  |  | (18,145,820 | ) |  |  | (8,157,999 | ) |  |  | (15,255,638 | ) |  |  | (23,413,637 | )
Goodwill |  |  | - |  |  |  | 27,751,921 |  |  |  | 27,751,921 |  |  |  | - |  |  |  | 27,671,921 |  |  |  | 27,671,921 |
Capital expenditure |  |  | 957,382 |  |  |  | 1,324,855 |  |  |  | 2,282,237 |  |  |  | 8,549 |  |  |  | 56,621 |  |  |  | 65,170 |
Total assets |  | $ | 12,648,854 |  |  | $ | 69,872,082 |  |  | $ | 82,520,936 |  |  | $ | 7,915,713 |  |  | $ | 76,645,866 |  |  | $ | 84,561,579 |

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