10-Q Filing

Ondas Inc. CIK: 1646188 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001615774-18-004131`
Period End Date	20180331
Filing Date	20180521
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	cik000164188-20180331.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
Common stock, issued	`CommonStockSharesIssued`	5.76M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.41K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	5.76M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$548.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.95K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.38K	USD	Point-in-time
Account receivable	`AccountsReceivableNetCurrent`	$649.00	USD	Point-in-time
Account receivable	`AccountsReceivableNetCurrent`	$7.00	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	5.76M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	5.76M	shares	Point-in-time
Inventory	`InventoryNet`	$4.07K	USD	Point-in-time
Inventory	`InventoryNet`	$2.13K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$8.13K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$8.09K	USD	Point-in-time
Account payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$8.50K	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`	$83.13K	USD	Point-in-time
Total liabilities	`Liabilities`	$91.63K	USD	Point-in-time
Total liabilities	`Liabilities`	$85.63K	USD	Point-in-time
Common stock, $0.0001 par value, 75,000,000 shares authorized 5,760,000 shares issued and outstanding as of March 31, 2018 and December 31, 2017	`CommonStockValue`	$576.00	USD	Point-in-time
Common stock, $0.0001 par value, 75,000,000 shares authorized 5,760,000 shares issued and outstanding as of March 31, 2018 and December 31, 2017	`CommonStockValue`	$576.00	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$21.72K	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`	$-105.84K	USD	Point-in-time
Total stockholders' Deficit	`StockholdersEquity`	$-77.51K	USD	Point-in-time
Total stockholders' Deficit	`StockholdersEquity`	$-83.54K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDER'S DEFICIT	`LiabilitiesAndStockholdersEquity`	$8.13K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDER'S DEFICIT	`LiabilitiesAndStockholdersEquity`	$8.09K	USD	Point-in-time

Income Statement 24 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$250.00	USD	1 Quarter
Revenue	`Revenues`	$302.00	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$1.19K	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$173.00	USD	1 Quarter
Gross profit	`GrossProfit`	$-888.00	USD	1 Quarter
Gross profit	`GrossProfit`	$77.00	USD	1 Quarter
- Auditors' fees	`ProfessionalFees`	$2.50K	USD	1 Quarter
- Auditors' fees	`ProfessionalFees`	$2.52K	USD	1 Quarter
- Legal fees	`LegalFees`	$3.00K	USD	1 Quarter
- Legal fees	`LegalFees`	$1.35K	USD	1 Quarter
Filing fees	`FilingFees`	$1.59K	USD	1 Quarter
Filing fees	`FilingFees`	$875.00	USD	1 Quarter
Miscellaneous fees	`MiscellaneousFees`	$36.00	USD	1 Quarter
Miscellaneous fees	`MiscellaneousFees`	$60.00	USD	1 Quarter
Other costs	`OtherSellingGeneralAndAdministrativeExpense`	$105.00	USD	1 Quarter
Other costs	`OtherSellingGeneralAndAdministrativeExpense`	$594.00	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$6.52K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$6.11K	USD	1 Quarter
Net loss	`OperatingIncomeLoss`	$-6.04K	USD	1 Quarter
Net loss	`OperatingIncomeLoss`	$-7.40K	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	1 Quarter
Weighted-average number of common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	5.76M	shares	1 Quarter
Weighted-average number of common shares outstanding	`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`	$-6.04K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-4.37K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$1.94K	USD	1 Quarter
Account receivable	`IncreaseDecreaseInAccountsReceivable`	$1.52K	USD	1 Quarter
Account receivable	`IncreaseDecreaseInAccountsReceivable`	$642.00	USD	1 Quarter
Account payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-3.38K	USD	1 Quarter
Account payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	-	USD	1 Quarter
Increase (Decrease) in Operating Capital	`IncreaseDecreaseInOperatingCapital`	$520.00	USD	1 Quarter
Increase (Decrease) in Operating Capital	`IncreaseDecreaseInOperatingCapital`	$2.58K	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.88K	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.46K	USD	1 Quarter
Cash Flows from Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Cash Flows from Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Loan from related party	`ProceedsFromRelatedPartyDebt`	$6.00K	USD	1 Quarter
Loan from related party	`ProceedsFromRelatedPartyDebt`	$5.05K	USD	1 Quarter
Net cash earned from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$6.00K	USD	1 Quarter
Net cash earned from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$5.05K	USD	1 Quarter
Increase/ (Decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.83K	USD	1 Quarter
Increase/ (Decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.54K	USD	1 Quarter
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$3.41K	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$548.00	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$5.95K	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`	$3.41K	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$548.00	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$5.95K	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$2.38K	USD	Point-in-time

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