10-Q Filing

Ondas Inc. CIK: 1646188 Q3 2017

Filing Information

Form Type	10-Q
Accession Number	`0001615774-17-006891`
Period End Date	20170930
Filing Date	20171120
Fiscal Year	2017
Fiscal Period	Q3
XBRL Instance	cik000164188-20170930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 35 Income Statement 44 Cash Flow Statement 29 Stockholders Equity 17

Balance Sheet 35 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
Common stock, issued	`CommonStockSharesIssued`	3.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.45K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	5.76M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.91K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.38K	USD	Point-in-time
Account receivable	`AccountsReceivableNetCurrent`	$1.82K	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	5.76M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	3.00M	shares	Point-in-time
Account receivable	`AccountsReceivableNetCurrent`	$1.21K	USD	Point-in-time
Inventory	`InventoryNet`	$1.75K	USD	Point-in-time
Inventory	`InventoryNet`	$1.46K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$6.87K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$5.66K	USD	Point-in-time
Account payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.50K	USD	Point-in-time
Account payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$8.00K	USD	Point-in-time
Loan from related party	`DueToOfficersOrStockholdersCurrent`	$68.13K	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`	$70.63K	USD	Point-in-time
Common stock, $0.0001 par value, 75,000,000 shares authorized; 5,760,000 and 3,000,000 shares issued and outstanding as of September 30, 2017 and December 31, 2016, respectivly.	`CommonStockValue`	$576.00	USD	Point-in-time
Common stock, $0.0001 par value, 75,000,000 shares authorized; 5,760,000 and 3,000,000 shares issued and outstanding as of September 30, 2017 and December 31, 2016, respectivly.	`CommonStockValue`	$300.00	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$21.72K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	-	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-55.14K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-86.06K	USD	Point-in-time
Total stockholders' Deficit	`StockholdersEquity`	$-63.76K	USD	Point-in-time
Total stockholders' Deficit	`StockholdersEquity`	$-20.26K	USD	Point-in-time
Total stockholders' Deficit	`StockholdersEquity`	$-54.84K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDER'S DEFICIT	`LiabilitiesAndStockholdersEquity`	$5.66K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDER'S DEFICIT	`LiabilitiesAndStockholdersEquity`	$6.87K	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueGoodsNet`	$1.04K	USD	1 Quarter
Revenue	`SalesRevenueGoodsNet`	$2.09K	USD	1 Quarter
Revenue	`SalesRevenueGoodsNet`	$3.69K	USD	3 Qtrs
Revenue	`SalesRevenueGoodsNet`	$2.70K	USD	3 Qtrs
Cost of sales	`CostOfGoodsSold`	$7.65K	USD	3 Qtrs
Cost of sales	`CostOfGoodsSold`	$1.56K	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$3.21K	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$6.05K	USD	3 Qtrs
Gross profit	`GrossProfit`	$-1.12K	USD	1 Quarter
Gross profit	`GrossProfit`	$-3.35K	USD	3 Qtrs
Gross profit	`GrossProfit`	$-3.96K	USD	3 Qtrs
Gross profit	`GrossProfit`	$-514.00	USD	1 Quarter
Other costs	`OtherSellingGeneralAndAdministrativeExpense`	$28.00	USD	3 Qtrs
Other costs	`OtherSellingGeneralAndAdministrativeExpense`	-	USD	1 Quarter
Other costs	`OtherSellingGeneralAndAdministrativeExpense`	$261.00	USD	3 Qtrs
Other costs	`OtherSellingGeneralAndAdministrativeExpense`	$120.00	USD	1 Quarter
- Auditors' fees	`ProfessionalFees`	$12.00K	USD	3 Qtrs
- Auditors' fees	`ProfessionalFees`	$5.50K	USD	3 Qtrs
- Auditors' fees	`ProfessionalFees`	$2.00K	USD	1 Quarter
- Auditors' fees	`ProfessionalFees`	$2.50K	USD	1 Quarter
- Legal fees	`LegalFees`	$2.70K	USD	1 Quarter
- Legal fees	`LegalFees`	$7.20K	USD	3 Qtrs
- Legal fees	`LegalFees`	$750.00	USD	3 Qtrs
- Legal fees	`LegalFees`	-	USD	1 Quarter
Filing fees	`FilingFees`	$689.00	USD	1 Quarter
Filing fees	`FilingFees`	$2.38K	USD	3 Qtrs
Filing fees	`FilingFees`	$12.84K	USD	1 Quarter
Filing fees	`FilingFees`	$14.61K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$27.57K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$2.69K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$15.15K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$18.16K	USD	1 Quarter
Net profit / (loss)	`OperatingIncomeLoss`	$-3.81K	USD	1 Quarter
Net profit / (loss)	`OperatingIncomeLoss`	$-30.92K	USD	3 Qtrs
Net profit / (loss)	`OperatingIncomeLoss`	$-18.68K	USD	1 Quarter
Net profit / (loss)	`OperatingIncomeLoss`	$-19.11K	USD	3 Qtrs
Net profit / (loss) per share attributable to common stockholders	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net profit / (loss) per share attributable to common stockholders	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	3 Qtrs
Net profit / (loss) per share attributable to common stockholders	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	3 Qtrs
Net profit / (loss) per share attributable to common stockholders	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	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	3 Qtrs
Weighted-average number of common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.00M	shares	3 Qtrs
Weighted-average number of common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.00M	shares	1 Quarter

Cash Flow Statement 29 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-19.11K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-30.92K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-34.58K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$-4.34K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-293.00	USD	3 Qtrs
Account receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	3 Qtrs
Account receivable	`IncreaseDecreaseInAccountsReceivable`	$609.00	USD	3 Qtrs
Account payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-5.50K	USD	3 Qtrs
Account payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$526.00	USD	3 Qtrs
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-22.93K	USD	3 Qtrs
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-36.10K	USD	3 Qtrs
Cash Flows from Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
Cash Flows from Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
Short term borrowings - related party	`ProceedsFromRelatedPartyDebt`	$24.20K	USD	3 Qtrs
Short term borrowings - related party	`ProceedsFromRelatedPartyDebt`	$15.63K	USD	3 Qtrs
Proceeds from issuance common stock	`ProceedsFromIssuanceOfCommonStock`	$22.00K	USD	3 Qtrs
Proceeds from issuance common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Net cash earned from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$37.63K	USD	3 Qtrs
Net cash earned from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$24.20K	USD	3 Qtrs
Increase / (Decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.27K	USD	3 Qtrs
Increase / (Decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.53K	USD	3 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`	$6.45K	USD	Point-in-time
Cash and cash equivalents at beginning of the Period	`CashAndCashEquivalentsAtCarryingValue`	$3.91K	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 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
Cash and cash equivalents at end of the Period	`CashAndCashEquivalentsAtCarryingValue`	$3.91K	USD	Point-in-time
Cash and cash equivalents at end of the Period	`CashAndCashEquivalentsAtCarryingValue`	$2.38K	USD	Point-in-time

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Balance, at beginning	`StockholdersEquity`	$-63.76K	USD	Point-in-time
Balance, at beginning	`StockholdersEquity`	$-20.26K	USD	Point-in-time
Balance, at beginning	`StockholdersEquity`	$-54.84K	USD	Point-in-time
Balance, at beginning (in shares)	`CommonStockSharesOutstanding`	5.76M	shares	Point-in-time
Balance, at beginning (in shares)	`CommonStockSharesOutstanding`	3.00M	shares	Point-in-time
Common stock issued for cash	`StockIssuedDuringPeriodValueNewIssues`	$22.00K	USD	3 Qtrs
Split of common stock	`StockIssuedDuringPeriodValueReverseStockSplits`	-	USD	3 Qtrs
Split of common stock (in shares)	`StockIssuedDuringPeriodSharesReverseStockSplits`	10.32M	shares	Point-in-time
Cancellation of stocks	`StockRepurchasedDuringPeriodValue`	-	USD	3 Qtrs
Loss for the period	`NetIncomeLoss`	$-19.11K	USD	3 Qtrs
Loss for the period	`NetIncomeLoss`	$-30.92K	USD	3 Qtrs
Loss for the period	`NetIncomeLoss`	$-34.58K	USD	Annual
Balance, at end	`StockholdersEquity`	$-63.76K	USD	Point-in-time
Balance, at end	`StockholdersEquity`	$-20.26K	USD	Point-in-time
Balance, at end	`StockholdersEquity`	$-54.84K	USD	Point-in-time
Balance, at end (in shares)	`CommonStockSharesOutstanding`	5.76M	shares	Point-in-time
Balance, at end (in shares)	`CommonStockSharesOutstanding`	3.00M	shares	Point-in-time

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