10-Q Filing

Ondas Inc. CIK: 1646188 Q3 2016

Filing Information

Form Type	10-Q
Accession Number	`0001615774-16-008519`
Period End Date	20160930
Filing Date	20161121
Fiscal Year	2016
Fiscal Period	Q3
XBRL Instance	cik000164188-20160930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 30 Income Statement 44 Cash Flow Statement 26

Balance Sheet 30 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.89K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	3.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.50K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.17K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	3.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.45K	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	3.00M	shares	Point-in-time
Inventory	`InventoryNet`	$2.87K	USD	Point-in-time
Inventory	`InventoryNet`	$7.21K	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	3.00M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$13.65K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$8.04K	USD	Point-in-time
Account payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.53K	USD	Point-in-time
Account payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.00K	USD	Point-in-time
Loan from related party	`DueToOfficersOrStockholdersCurrent`	$26.30K	USD	Point-in-time
Loan from related party	`DueToOfficersOrStockholdersCurrent`	$50.50K	USD	Point-in-time
Total liabilities	`Liabilities`	$28.30K	USD	Point-in-time
Total liabilities	`Liabilities`	$53.03K	USD	Point-in-time
Common stock, $0.0001 par value; 75,000,000 shares authorized; 3,000,000 shares issued and outstanding as of September 30, 2016 and December 31, 2015	`CommonStockValue`	$300.00	USD	Point-in-time
Common stock, $0.0001 par value; 75,000,000 shares authorized; 3,000,000 shares issued and outstanding as of September 30, 2016 and December 31, 2015	`CommonStockValue`	$300.00	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-39.68K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-20.56K	USD	Point-in-time
Total Stockholder's deficit	`StockholdersEquity`	$-20.26K	USD	Point-in-time
Total Stockholder's deficit	`StockholdersEquity`	$-39.38K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDER'S DEFICIT	`LiabilitiesAndStockholdersEquity`	$8.04K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDER'S DEFICIT	`LiabilitiesAndStockholdersEquity`	$13.65K	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueGoodsNet`	$2.33K	USD	3 Qtrs
Revenue	`SalesRevenueGoodsNet`	$628.00	USD	1 Quarter
Revenue	`SalesRevenueGoodsNet`	$3.69K	USD	3 Qtrs
Revenue	`SalesRevenueGoodsNet`	$2.09K	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$7.65K	USD	3 Qtrs
Cost of sales	`CostOfGoodsSold`	$3.21K	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$896.00	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$3.56K	USD	3 Qtrs
Gross profit	`GrossProfit`	$-1.23K	USD	3 Qtrs
Gross profit	`GrossProfit`	$-268.00	USD	1 Quarter
Gross profit	`GrossProfit`	$-3.96K	USD	3 Qtrs
Gross profit	`GrossProfit`	$-1.12K	USD	1 Quarter
- Auditors' fees	`ProfessionalFees`	$5.50K	USD	3 Qtrs
- Auditors' fees	`ProfessionalFees`	$12.00K	USD	3 Qtrs
- Auditors' fees	`ProfessionalFees`	$2.00K	USD	1 Quarter
- Auditors' fees	`ProfessionalFees`	$2.00K	USD	1 Quarter
- Legal fees	`LegalFees`	$750.00	USD	3 Qtrs
- Legal fees	`LegalFees`	-	USD	1 Quarter
- Legal fees	`LegalFees`	-	USD	1 Quarter
- Legal fees	`LegalFees`	$6.00K	USD	3 Qtrs
Filing fees	`FilingFees`	$2.03K	USD	1 Quarter
Filing fees	`FilingFees`	$2.38K	USD	3 Qtrs
Filing fees	`FilingFees`	$689.00	USD	1 Quarter
Filing fees	`FilingFees`	$2.04K	USD	3 Qtrs
Other costs	`OtherSellingGeneralAndAdministrativeExpense`	$18.00	USD	1 Quarter
Other costs	`OtherSellingGeneralAndAdministrativeExpense`	$28.00	USD	3 Qtrs
Other costs	`OtherSellingGeneralAndAdministrativeExpense`	$105.00	USD	3 Qtrs
Other costs	`OtherSellingGeneralAndAdministrativeExpense`	-	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$13.65K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$4.05K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$15.15K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$2.69K	USD	1 Quarter
Net loss	`OperatingIncomeLoss`	$-19.11K	USD	3 Qtrs
Net loss	`OperatingIncomeLoss`	$-3.81K	USD	1 Quarter
Net loss	`OperatingIncomeLoss`	$-4.32K	USD	1 Quarter
Net loss	`OperatingIncomeLoss`	$-14.87K	USD	3 Qtrs
Net loss per share attributable to common stockholders (in dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net loss per share attributable to common stockholders (in dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net loss per share attributable to common stockholders (in dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	3 Qtrs
Net loss per share attributable to common stockholders (in dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	3 Qtrs
Weighted-average number of common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.00M	shares	1 Quarter
Weighted-average number of common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.00M	shares	3 Qtrs
Weighted-average number of common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.00M	shares	3 Qtrs
Weighted-average number of common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.00M	shares	1 Quarter

Cash Flow Statement 26 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-14.87K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-19.11K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-4.34K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-2.90K	USD	3 Qtrs
Account payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.00K	USD	3 Qtrs
Account payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-526.00	USD	3 Qtrs
Increase (Decrease) in Operating Capital	`IncreaseDecreaseInOperatingCapital`	$-3.81K	USD	3 Qtrs
Increase (Decrease) in Operating Capital	`IncreaseDecreaseInOperatingCapital`	$-903.00	USD	3 Qtrs
Net cash (used)/earned by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-22.93K	USD	3 Qtrs
Net cash (used)/earned by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-15.78K	USD	3 Qtrs
Cash Flows from Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	-	USD	3 Qtrs
Cash Flows from Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	-	USD	3 Qtrs
Loan from related party	`ProceedsFromRelatedPartyDebt`	$24.20K	USD	3 Qtrs
Loan from related party	`ProceedsFromRelatedPartyDebt`	$19.16K	USD	3 Qtrs
Net cash earned from financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$24.20K	USD	3 Qtrs
Net cash earned from financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$19.16K	USD	3 Qtrs
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.27K	USD	3 Qtrs
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.39K	USD	3 Qtrs
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$4.89K	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$1.50K	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$5.17K	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$6.45K	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$4.89K	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$1.50K	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$5.17K	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$6.45K	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.