10-K Filing

Ondas Inc. CIK: 1646188 FY 2017

Filing Information

Form Type	10-K
Accession Number	`0001615774-18-002144`
Period End Date	20171231
Filing Date	20180328
Fiscal Year	2017
Fiscal Period	FY
XBRL Instance	cik000164188-20171231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 34 Income Statement 26 Cash Flow Statement 28 Stockholders Equity 12

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`	$3.41K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	3.00M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	5.76M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.38K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.17K	USD	Point-in-time
Account receivable	`AccountsReceivableNetCurrent`	$649.00	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
Inventory	`InventoryNet`	$4.07K	USD	Point-in-time
Inventory	`InventoryNet`	$1.46K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$5.66K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$8.13K	USD	Point-in-time
Account payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$8.00K	USD	Point-in-time
Account payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$8.50K	USD	Point-in-time
Loan from related party	`DueToOfficersOrStockholdersCurrent`	$77.13K	USD	Point-in-time
Loan from related party	`DueToOfficersOrStockholdersCurrent`	$52.50K	USD	Point-in-time
Total liabilities	`Liabilities`	$85.63K	USD	Point-in-time
Total liabilities	`Liabilities`	$60.50K	USD	Point-in-time
Common stock, $0.0001 par value; 75,000,000 shares authorized; 5,760,000 shares and 3,000,000 shares issued and outstanding as of December 31, 2017 and 2016, Respectively	`CommonStockValue`	$300.00	USD	Point-in-time
Common stock, $0.0001 par value; 75,000,000 shares authorized; 5,760,000 shares and 3,000,000 shares issued and outstanding as of December 31, 2017 and 2016, Respectively	`CommonStockValue`	$576.00	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	-	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$21.72K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-99.81K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-55.14K	USD	Point-in-time
Total Stockholders' deficit	`StockholdersEquity`	$-77.51K	USD	Point-in-time
Total Stockholders' deficit	`StockholdersEquity`	$-54.84K	USD	Point-in-time
Total Stockholders' deficit	`StockholdersEquity`	$-20.26K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDER'S DEFICIT	`LiabilitiesAndStockholdersEquity`	$5.66K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDER'S DEFICIT	`LiabilitiesAndStockholdersEquity`	$8.13K	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueGoodsNet`	$2.85K	USD	Annual
Revenue	`SalesRevenueGoodsNet`	$5.51K	USD	Annual
Cost of sales	`CostOfGoodsSold`	$12.42K	USD	Annual
Cost of sales	`CostOfGoodsSold`	$9.07K	USD	Annual
Gross profit	`GrossProfit`	$-6.23K	USD	Annual
Gross profit	`GrossProfit`	$-6.91K	USD	Annual
- Auditors' fees	`ProfessionalFees`	$11.50K	USD	Annual
- Auditors' fees	`ProfessionalFees`	$20.00K	USD	Annual
- Legal fees	`LegalFees`	$2.25K	USD	Annual
- Legal fees	`LegalFees`	$9.90K	USD	Annual
Filing fees	`FilingFees`	$5.36K	USD	Annual
Filing fees	`FilingFees`	$16.15K	USD	Annual
Website cost	`TechnologyServicesCosts`	-	USD	Annual
Website cost	`TechnologyServicesCosts`	$554.00	USD	Annual
Miscellaneous fees	`MiscellaneousFees`	$227.00	USD	Annual
Miscellaneous fees	`MiscellaneousFees`	$43.00	USD	Annual
Other costs	`OtherSellingGeneralAndAdministrativeExpense`	$21.00	USD	Annual
Other costs	`OtherSellingGeneralAndAdministrativeExpense`	$109.00	USD	Annual
Total operating expenses	`OperatingExpenses`	$27.67K	USD	Annual
Total operating expenses	`OperatingExpenses`	$38.44K	USD	Annual
Net loss	`OperatingIncomeLoss`	$-44.66K	USD	Annual
Net loss	`OperatingIncomeLoss`	$-34.58K	USD	Annual
Net loss per share attributable to common stockholders	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	Annual
Net loss per share attributable to common stockholders	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	Annual
Weighted-average number of common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	4.23M	shares	Annual
Weighted-average number of common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.00M	shares	Annual

Cash Flow Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-44.66K	USD	Annual
Net loss	`NetIncomeLoss`	$-34.58K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$1.41K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$-2.61K	USD	Annual
Account receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.82K	USD	Annual
Account receivable	`IncreaseDecreaseInAccountsReceivable`	$1.17K	USD	Annual
Account payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-6.00K	USD	Annual
Account payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-500.00	USD	Annual
Increase (Decrease) in Operating Capital	`IncreaseDecreaseInOperatingCapital`	$-939.00	USD	Annual
Increase (Decrease) in Operating Capital	`IncreaseDecreaseInOperatingCapital`	$-5.59K	USD	Annual
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-28.99K	USD	Annual
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-45.60K	USD	Annual
Cash Flows from Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Cash Flows from Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Loan from related party	`ProceedsFromRelatedPartyDebt`	$24.63K	USD	Annual
Loan from related party	`ProceedsFromRelatedPartyDebt`	$26.20K	USD	Annual
Proceeds from stock issuance	`ProceedsFromIssuanceOfCommonStock`	$22.00K	USD	Annual
Proceeds from stock issuance	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Net cash earned from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$26.20K	USD	Annual
Net cash earned from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$46.63K	USD	Annual
Increase / (Decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.03K	USD	Annual
Increase / (Decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.79K	USD	Annual
Cash and cash equivalents at beginning of the year	`CashAndCashEquivalentsAtCarryingValue`	$3.41K	USD	Point-in-time
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`	$5.17K	USD	Point-in-time
Cash and cash equivalents at end of the year	`CashAndCashEquivalentsAtCarryingValue`	$3.41K	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`	$5.17K	USD	Point-in-time

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balance, at beginning	`StockholdersEquity`	$-77.51K	USD	Point-in-time
Balance, at beginning	`StockholdersEquity`	$-54.84K	USD	Point-in-time
Balance, at beginning	`StockholdersEquity`	$-20.26K	USD	Point-in-time
Common stock issued for cash	`StockIssuedDuringPeriodValueNewIssues`	$22.00K	USD	Annual
Split of common stock	`StockIssuedDuringPeriodValueReverseStockSplits`	-	USD	Annual
Split of common stock (in shares)	`StockIssuedDuringPeriodSharesReverseStockSplits`	10.32M	shares	Point-in-time
Cancellation of stocks	`StockRepurchasedDuringPeriodValue`	-	USD	Annual
Loss for the year	`NetIncomeLoss`	$-44.66K	USD	Annual
Loss for the year	`NetIncomeLoss`	$-34.58K	USD	Annual
Balance, at end	`StockholdersEquity`	$-77.51K	USD	Point-in-time
Balance, at end	`StockholdersEquity`	$-54.84K	USD	Point-in-time
Balance, at end	`StockholdersEquity`	$-20.26K	USD	Point-in-time

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