10-Q Filing

Ondas Inc. CIK: 1646188 Q2 2017

Filing Information

Form Type	10-Q
Accession Number	`0001615774-17-004606`
Period End Date	20170630
Filing Date	20170821
Fiscal Year	2017
Fiscal Period	Q2
XBRL Instance	cik000164188-20170630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 34 Income Statement 44 Cash Flow Statement 32

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`	$5.17K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$21.66K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	3.42M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.38K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	3.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.31K	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	3.42M	shares	Point-in-time
Account receivable	`AccountsReceivableNetCurrent`	$1.82K	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	3.00M	shares	Point-in-time
Account receivable	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Inventory	`InventoryNet`	$3.31K	USD	Point-in-time
Inventory	`InventoryNet`	$1.46K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$24.97K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$5.66K	USD	Point-in-time
Account payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$11.00K	USD	Point-in-time
Account payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$8.00K	USD	Point-in-time
Loan from related party	`DueToOfficersOrStockholdersCurrent`	$52.50K	USD	Point-in-time
Loan from related party	`DueToOfficersOrStockholdersCurrent`	$60.05K	USD	Point-in-time
Total liabilities	`Liabilities`	$71.05K	USD	Point-in-time
Total liabilities	`Liabilities`	$60.50K	USD	Point-in-time
Common stock, $0.0001 par value; 75,000,000 shares authorized; 3,420,000 and 3,000,000 shares issued and outstanding as of June 30, 2017 and December 31, 2016, respectively.	`CommonStockValue`	$300.00	USD	Point-in-time
Common stock, $0.0001 par value; 75,000,000 shares authorized; 3,420,000 and 3,000,000 shares issued and outstanding as of June 30, 2017 and December 31, 2016, respectively.	`CommonStockValue`	$342.00	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$20.96K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	-	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-67.39K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-55.14K	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-54.84K	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-46.09K	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`	$24.97K	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueGoodsNet`	$1.60K	USD	2 Qtrs
Revenue	`SalesRevenueGoodsNet`	$859.00	USD	1 Quarter
Revenue	`SalesRevenueGoodsNet`	$1.66K	USD	2 Qtrs
Revenue	`SalesRevenueGoodsNet`	$1.35K	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$4.49K	USD	2 Qtrs
Cost of sales	`CostOfGoodsSold`	$3.30K	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$4.44K	USD	2 Qtrs
Cost of sales	`CostOfGoodsSold`	$3.32K	USD	1 Quarter
Gross profit	`GrossProfit`	$-2.46K	USD	1 Quarter
Gross profit	`GrossProfit`	$-2.84K	USD	2 Qtrs
Gross profit	`GrossProfit`	$-2.83K	USD	2 Qtrs
Gross profit	`GrossProfit`	$-1.95K	USD	1 Quarter
- Auditors' fees	`ProfessionalFees`	$500.00	USD	1 Quarter
- Auditors' fees	`ProfessionalFees`	$3.00K	USD	2 Qtrs
- Auditors' fees	`ProfessionalFees`	$10.00K	USD	2 Qtrs
- Auditors' fees	`ProfessionalFees`	$8.00K	USD	1 Quarter
- Legal fees	`LegalFees`	$4.50K	USD	2 Qtrs
- Legal fees	`LegalFees`	$1.50K	USD	1 Quarter
- Legal fees	`LegalFees`	-	USD	1 Quarter
- Legal fees	`LegalFees`	$750.00	USD	2 Qtrs
Filing fees	`FilingFees`	$1.69K	USD	2 Qtrs
Filing fees	`FilingFees`	$892.00	USD	1 Quarter
Filing fees	`FilingFees`	$1.69K	USD	1 Quarter
Filing fees	`FilingFees`	$1.77K	USD	2 Qtrs
Other costs	`OtherSellingGeneralAndAdministrativeExpense`	$27.00	USD	1 Quarter
Other costs	`OtherSellingGeneralAndAdministrativeExpense`	$141.00	USD	2 Qtrs
Other costs	`OtherSellingGeneralAndAdministrativeExpense`	-	USD	1 Quarter
Other costs	`OtherSellingGeneralAndAdministrativeExpense`	$28.00	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$9.71K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.89K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$9.41K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$12.47K	USD	2 Qtrs
Net loss	`OperatingIncomeLoss`	$-12.24K	USD	2 Qtrs
Net loss	`OperatingIncomeLoss`	$-15.31K	USD	2 Qtrs
Net loss	`OperatingIncomeLoss`	$-12.17K	USD	1 Quarter
Net loss	`OperatingIncomeLoss`	$-4.84K	USD	1 Quarter
Net loss per share attributable to common stockholders	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net loss per share attributable to common stockholders	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Net loss per share attributable to common stockholders	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net loss per share attributable to common stockholders	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Weighted-average number of common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.00M	shares	1 Quarter
Weighted-average number of common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.00M	shares	1 Quarter
Weighted-average number of common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.00M	shares	2 Qtrs
Weighted-average number of common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.00M	shares	2 Qtrs

Cash Flow Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-12.24K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-15.31K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$118.00	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-1.85K	USD	2 Qtrs
Account receivable	`IncreaseDecreaseInAccountsReceivable`	$1.82K	USD	2 Qtrs
Account receivable	`IncreaseDecreaseInAccountsReceivable`	$-845.00	USD	2 Qtrs
Advances to suppliers	`AdvancesToSuppliers`	$-2.55K	USD	2 Qtrs
Advances to suppliers	`AdvancesToSuppliers`	-	USD	2 Qtrs
Account payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-3.00K	USD	2 Qtrs
Account payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-526.00	USD	2 Qtrs
Increase (Decrease) in Operating Capital	`IncreaseDecreaseInOperatingCapital`	$2.97K	USD	2 Qtrs
Increase (Decrease) in Operating Capital	`IncreaseDecreaseInOperatingCapital`	$-2.75K	USD	2 Qtrs
Net cash (used)/earned by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-18.06K	USD	2 Qtrs
Net cash (used)/earned by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-9.27K	USD	2 Qtrs
Cash Flows from Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	-	USD	2 Qtrs
Cash Flows from Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	-	USD	2 Qtrs
Proceeds from issuance common stock	`ProceedsFromIssuanceOfCommonStock`	$21.00K	USD	2 Qtrs
Proceeds from issuance common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Loan from related party	`ProceedsFromRelatedPartyDebt`	$19.20K	USD	2 Qtrs
Loan from related party	`ProceedsFromRelatedPartyDebt`	$7.55K	USD	2 Qtrs
Net cash earned from financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$28.55K	USD	2 Qtrs
Net cash earned from financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$19.20K	USD	2 Qtrs
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$19.28K	USD	2 Qtrs
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.14K	USD	2 Qtrs
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`	$21.66K	USD	Point-in-time
Cash and cash equivalents at beginning of the Period	`CashAndCashEquivalentsAtCarryingValue`	$2.38K	USD	Point-in-time
Cash and cash equivalents at beginning of the Period	`CashAndCashEquivalentsAtCarryingValue`	$6.31K	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`	$21.66K	USD	Point-in-time
Cash and cash equivalents at end of the Period	`CashAndCashEquivalentsAtCarryingValue`	$2.38K	USD	Point-in-time
Cash and cash equivalents at end of the Period	`CashAndCashEquivalentsAtCarryingValue`	$6.31K	USD	Point-in-time

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