Segment Information

6 Months Ended

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