10-Q Filing

Ondas Inc. CIK: 1646188 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001615774-17-002574`
Period End Date	20170331
Filing Date	20170522
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	cik000164188-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 34 Income Statement 24 Cash Flow Statement 28

Balance Sheet 34 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`	$2.38K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$548.00	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	3.00M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	3.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.62K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.17K	USD	Point-in-time
Account receivable	`AccountsReceivableNetCurrent`	$1.82K	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	3.00M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	3.00M	shares	Point-in-time
Account receivable	`AccountsReceivableNetCurrent`	$301.00	USD	Point-in-time
Inventory	`InventoryNet`	$1.46K	USD	Point-in-time
Inventory	`InventoryNet`	$5.83K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.68K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.66K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$5.66K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$6.68K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$8.00K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$11.38K	USD	Point-in-time
Loan from related party	`DueToOfficersOrStockholdersCurrent`	$57.55K	USD	Point-in-time
Loan from related party	`DueToOfficersOrStockholdersCurrent`	$52.50K	USD	Point-in-time
Total liabilities	`Liabilities`	$60.50K	USD	Point-in-time
Total liabilities	`Liabilities`	$68.93K	USD	Point-in-time
Common stock, $0.0001 par value, 75,000,000 shares authorized 3,000,000 shares issued and outstanding as of March 31, 2017 and December 31, 2016	`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 March 31, 2017 and December 31, 2016	`CommonStockValue`	$300.00	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-55.14K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-62.55K	USD	Point-in-time
Total Stockholder's Deficit	`StockholdersEquity`	$-62.25K	USD	Point-in-time
Total Stockholder's Deficit	`StockholdersEquity`	$-54.84K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$5.66K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$6.68K	USD	Point-in-time

Income Statement 24 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueGoodsNet`	$5.51K	USD	1 Quarter
Revenue	`SalesRevenueGoodsNet`	$741.00	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$1.12K	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$12.42K	USD	1 Quarter
Gross profit	`GrossProfit`	$-6.91K	USD	1 Quarter
Gross profit	`GrossProfit`	$-383.00	USD	1 Quarter
- Auditors' fees	`ProfessionalFees`	$2.50K	USD	1 Quarter
- Auditors' fees	`ProfessionalFees`	$2.50K	USD	1 Quarter
- Legal fees	`LegalFees`	$3.00K	USD	1 Quarter
- Legal fees	`LegalFees`	$3.00K	USD	1 Quarter
Filing fees	`FilingFees`	$875.00	USD	1 Quarter
Filing fees	`FilingFees`	-	USD	1 Quarter
Miscellaneous fees	`MiscellaneousFees`	-	USD	1 Quarter
Miscellaneous fees	`MiscellaneousFees`	$36.00	USD	1 Quarter
Other costs	`OtherSellingGeneralAndAdministrativeExpense`	$2.00	USD	1 Quarter
Other costs	`OtherSellingGeneralAndAdministrativeExpense`	$105.00	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.75K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$6.52K	USD	1 Quarter
Net loss	`OperatingIncomeLoss`	$-7.40K	USD	1 Quarter
Net loss	`OperatingIncomeLoss`	$-3.13K	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	1 Quarter
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	1 Quarter

Cash Flow Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-7.40K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.13K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-4.37K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-1.42K	USD	1 Quarter
Account receivable	`IncreaseDecreaseInAccountsReceivable`	$1.52K	USD	1 Quarter
Account receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	1 Quarter
Account payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-3.38K	USD	1 Quarter
Account payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.00K	USD	1 Quarter
Increase (Decrease) in Operating Capital	`IncreaseDecreaseInOperatingCapital`	$585.00	USD	1 Quarter
Increase (Decrease) in Operating Capital	`IncreaseDecreaseInOperatingCapital`	$520.00	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-6.88K	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-2.55K	USD	1 Quarter
Cash Flows from Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	-	USD	1 Quarter
Cash Flows from Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	-	USD	1 Quarter
Loan from related party	`ProceedsFromRelatedPartyDebt`	-	USD	1 Quarter
Loan from related party	`ProceedsFromRelatedPartyDebt`	$5.05K	USD	1 Quarter
Net cash earned from financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$5.05K	USD	1 Quarter
Net cash earned from financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	-	USD	1 Quarter
Increase/ (Decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.55K	USD	1 Quarter
Increase/ (Decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.83K	USD	1 Quarter
Cash and cash equivalents at beginning of the year	`CashAndCashEquivalentsAtCarryingValue`	$2.38K	USD	Point-in-time
Cash and cash equivalents at beginning of the year	`CashAndCashEquivalentsAtCarryingValue`	$548.00	USD	Point-in-time
Cash and cash equivalents at beginning of the year	`CashAndCashEquivalentsAtCarryingValue`	$2.62K	USD	Point-in-time
Cash and cash equivalents at beginning of the year	`CashAndCashEquivalentsAtCarryingValue`	$5.17K	USD	Point-in-time
Cash and cash equivalents at end of the year	`CashAndCashEquivalentsAtCarryingValue`	$2.38K	USD	Point-in-time
Cash and cash equivalents at end of the year	`CashAndCashEquivalentsAtCarryingValue`	$548.00	USD	Point-in-time
Cash and cash equivalents at end of the year	`CashAndCashEquivalentsAtCarryingValue`	$2.62K	USD	Point-in-time
Cash and cash equivalents at end of the year	`CashAndCashEquivalentsAtCarryingValue`	$5.17K	USD	Point-in-time

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