Ondas Holdings Inc
For the period ended Mar 31, 2025. Filed May 15, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 15, 2025
ONDS$5.34+18.0%Stored close · as of Nov 6, 2026
Contents
Item 1. Condensed Consolidated Balance Sheets as of March 31, 2025 (Unaudited) and December 31, 2024
CONDENSED CONSOLIDATED BALANCE SHEETS
| March 31, | December 31, | |
|---|---|---|
| 2025 | 2024 | |
| (Unaudited) | ||
| ASSETS | ||
| Current Assets: | ||
| Cash | $25,363,853 | $29,958,106 |
| Restricted cash | 46,121 | 41,215 |
| Accounts receivable, net | 1,913,771 | 5,223,182 |
| Inventory, net | 10,548,855 | 9,821,692 |
| Other current assets | 5,523,951 | 2,476,356 |
| Total current assets | 43,396,551 | 47,520,551 |
| Property and equipment, net | 2,576,849 | 2,586,691 |
| Other Assets: | ||
| Goodwill, net of accumulated impairment charges | 27,751,921 | 27,751,921 |
| Intangible assets, net | 26,140,340 | 27,178,057 |
| Deposits and other assets | 694,588 | 663,073 |
| Operating lease right of use assets | 4,040,390 | 3,921,995 |
| Total other assets | 58,627,239 | 59,515,046 |
| Total assets | $104,600,639 | $109,622,288 |
| LIABILITIES, TEMPORARY EQUITY, AND STOCKHOLDERS’ EQUITY | ||
| Current Liabilities: | ||
| Accounts payable | $4,498,886 | $5,659,643 |
| Operating lease liabilities | 1,243,084 | 1,121,565 |
| Accrued expenses and other current liabilities | 5,483,927 | 4,719,214 |
| Notes payable, net of unamortized debt discount and issuance costs of $0 and $226,785, respectively, related party | 1,500,000 | 1,273,215 |
| Convertible notes payable, net of unamortized debt discount and issuance cost of $241,547 and $362,237, respectively, related party | 5,258,453 | 5,137,763 |
| Convertible notes payable, net of unamortized debt discount and issuance cost of $3,612,956 and $5,236,362, respectively | 29,151,834 | 31,947,445 |
| Deferred revenue | 2,638,081 | 329,025 |
| Government grant liability | 643,057 | 388,752 |
| Total current liabilities | 50,417,322 | 50,576,622 |
| Long-Term Liabilities: | ||
| Notes payable | 300,000 | 300,000 |
| Convertible notes payable, net of current, net of unamortized debt discount and issuance cost of $0 and $1,681,784, respectively | - | 15,568,216 |
| Accrued interest | 18,962 | 20,041 |
| Government grant liability net of current | 2,239,532 | 2,168,430 |
| Operating lease liabilities, net of current | 4,892,704 | 4,961,967 |
| Other liabilities | 82,500 | 82,500 |
| Total long-term liabilities | 7,533,698 | 23,101,154 |
| Total liabilities | 57,951,020 | 73,677,776 |
| Commitments and Contingencies (Note 12) | ||
| Temporary Equity | ||
| Redeemable noncontrolling interest | 20,568,332 | 19,361,205 |
| Stockholders’ Equity | ||
| Preferred stock – par value $0.0001; 5,000,000 shares authorized at March 31, 2025 and December 31, 2024, respectively, and none issued or outstanding at March 31, 2025 and December 31, 2024, respectively | - | - |
| Preferred stock, Series A – par value $0.0001; 5,000,000 shares authorized at March 31, 2025 and December 31, 2024, respectively, and none issued or outstanding at March 31, 2025 and December 31, 2024, respectively | - | - |
| Common stock – par value $0.0001; 300,000,000 shares authorized at March 31, 2025 and December 31, 2024; 127,724,799 and 93,173,191 issued and outstanding, at March 31, 2025 and December 31, 2024, respectively | 12,772 | 9,317 |
| Additional paid in capital | 276,572,688 | 252,941,813 |
| Accumulated deficit | (250,504,173) | (236,367,823) |
| Total stockholders’ equity | 26,081,287 | 16,583,307 |
| Total liabilities and stockholders’ equity | $104,600,639 | $109,622,288 |
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