on Track Innovations (OTIVF) 10-Q 23 Nov 20 2020 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2020	Nov. 20, 2020
Document Information Line Items
Entity Registrant Name	ON TRACK INNOVATIONS LTD
Document Type	10-Q
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		53,824,377
Amendment Flag	false
Entity Central Index Key	0001021604
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Document Period End Date	Sep. 30, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity File Number	000-49877
Entity Incorporation, State or Country Code	L3
Entity Interactive Data Current	Yes

Interim Unaudited Condensed Con

Interim Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Current assets
Cash and cash equivalents	$ 2,578	$ 2,543
Short-term investments	605	2,305
Trade receivables (net of allowance for doubtful accounts of $818 and $612 as of September 30, 2020 and December 31, 2019, respectively)	2,824	2,430
Other receivables and prepaid expenses	1,181	1,822
Inventories	3,380	3,332
Total current assets	10,568	12,432
Long-term restricted deposit for employee benefits	477	477
Severance pay deposits	384	383
Property, plant and equipment, net	3,728	3,694
Intangible assets, net	721	733
Right-of-use assets due to operating leases	3,689	2,134
Total Assets	19,567	19,853
Current Liabilities
Short-term bank credit and loans and current maturities of long-term bank loans	2,708	2,478
Trade payables	4,263	4,126
Other current liabilities	2,539	3,054
Total current liabilities	9,510	9,658
Long-Term Liabilities
Long-term loans, net of current maturities	740	22
Long-term liabilities due to operating leases, net of current maturities	2,802	1,483
Accrued severance pay	906	884
Deferred tax liability	299	416
Total long-term liabilities	4,747	2,805
Total Liabilities	14,257	12,463
Commitments and Contingencies
Shareholders’ Equity
Ordinary shares of NIS 0.1 par value: Authorized – 100,000,000 and 50,000,000 shares as of September 30, 2020 and December 31, 2019, respectively; issued: 55,003,076 and 47,963,076 shares as of September 30, 2020 and December 31, 2019, respectively; outstanding: 53,824,377 and 46,784,377 shares as of September 30, 2020, and December 31, 2019, respectively	1,423	1,226
Additional paid-in capital	227,183	225,970
Treasury shares at cost - 1,178,699 shares as of September 30, 2020 and December 31, 2019	(2,000)	(2,000)
Accumulated other comprehensive loss	(1,051)	(974)
Accumulated deficit	(220,245)	(216,832)
Total Equity	5,310	7,390
Total Liabilities and Equity	$ 19,567	$ 19,853

Interim Unaudited Condensed C_2

Interim Unaudited Condensed Consolidated Balance Sheets (Parentheticals) $ in Thousands	Sep. 30, 2020USD ($)shares	Sep. 30, 2020₪ / shares	Dec. 31, 2019USD ($)shares	Dec. 31, 2019₪ / shares
Statement of Financial Position [Abstract]
Allowance for doubtful accounts, net (in Dollars) | $	$ 818		$ 612
Ordinary shares, par value (in New Shekels per share) | ₪ / shares		₪ 0.1		₪ 0.1
Ordinary shares, shares authorized	100,000,000		50,000,000
Ordinary shares, shares issued	55,003,076		47,963,076
Ordinary shares, shares outstanding	53,824,377		46,784,377
Treasury shares, at cost	1,178,699		1,178,699

Interim Unaudited Condensed C_3

Interim Unaudited Condensed Consolidated Statements of Operations - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Revenues
Sales		$ 2,868	$ 2,631	$ 10,262	$ 7,286
Licensing and transaction fees		769	1,234	2,679	3,708
Total revenues		3,637	3,865	12,941	10,994
Cost of revenues
Cost of sales		2,142	2,161	7,380	5,273
Total cost of revenues		2,142	2,161	7,380	5,273
Gross profit		1,495	1,704	5,561	5,721
Operating expenses
Research and development		841	840	2,643	2,528
Selling and marketing		1,215	1,193	3,570	3,798
General and administrative		958	1,070	2,690	3,081
Other gain, net			(335)		(335)
Total operating expenses		3,014	2,768	8,903	9,072
Operating loss from continuing operations		(1,519)	(1,064)	(3,342)	(3,351)
Financial expenses, net		(80)	(93)	(35)	(199)
Loss from continuing operations before taxes on income		(1,599)	(1,157)	(3,377)	(3,550)
Income tax benefits (expenses)		60	(17)	89	(25)
Loss from continuing operations		(1,539)	(1,174)	(3,288)	(3,575)
Loss from discontinued operations		(82)	(36)	(125)	(279)
Net loss		$ (1,621)	$ (1,210)	$ (3,413)	$ (3,854)
From continuing operations (in Dollars per share)		$ (0.03)	$ (0.03)	$ (0.07)	$ (0.09)
From discontinued operations (in Dollars per share)	[1]
Total (in Dollars per share)		$ (0.03)	$ (0.03)	$ (0.07)	$ (0.09)
Weighted average number of ordinary shares used in computing basic and diluted net loss per ordinary share (in Shares)		53,824,377	41,324,377	51,448,903	41,306,575
[1]	Less than $0.01 per ordinary share.

Interim Unaudited Condensed C_4

Interim Unaudited Condensed Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Total comprehensive loss:
Net loss	$ (1,621)	$ (1,210)	$ (3,413)	$ (3,854)
Foreign currency translation adjustments	76	(254)	(77)	(216)
Total comprehensive loss	$ (1,545)	$ (1,464)	$ (3,490)	$ (4,070)

Interim Unaudited Condensed C_5

Interim Unaudited Condensed Consolidated Statements of Changes in Equity - USD ($) $ in Thousands		Share capital	Additional paid-in capital	Treasury Shares (at cost)	Accumulated other comprehensive Income (loss)	Accumulated deficit	Total
Balance at Dec. 31, 2018		$ 1,068	$ 225,022	$ (2,000)	$ (956)	$ (210,943)	$ 12,191
Balance (in Shares) at Dec. 31, 2018		42,473,076
Stock-based compensation		$ 1	95				96
Stock-based compensation (in Shares)	[1]	30,000
Foreign currency translation adjustments					(216)		(216)
Net loss						(3,854)	(3,854)
Balance at Sep. 30, 2019		$ 1,069	225,117	(2,000)	(1,172)	(214,797)	8,217
Balance (in Shares) at Sep. 30, 2019		42,503,076
Balance at Jun. 30, 2019		$ 1,069	225,111	(2,000)	(918)	(213,587)	9,675
Balance (in Shares) at Jun. 30, 2019		42,503,076
Stock-based compensation			6				6
Foreign currency translation adjustments					(254)		(254)
Net loss						(1,210)	(1,210)
Balance at Sep. 30, 2019		$ 1,069	225,117	(2,000)	(1,172)	(214,797)	8,217
Balance (in Shares) at Sep. 30, 2019		42,503,076
Balance at Dec. 31, 2019		$ 1,226	225,970	(2,000)	(974)	(216,832)	7,390
Balance (in Shares) at Dec. 31, 2019		47,963,076
Issuance of shares, net of issuance costs		$ 197	1,172				1,369
Issuance of shares, net of issuance costs (in Shares)	[2]	7,040,000
Stock-based compensation			41				41
Foreign currency translation adjustments					(77)		(77)
Net loss						(3,413)	(3,413)
Balance at Sep. 30, 2020		$ 1,423	227,183	(2,000)	(1,051)	(220,245)	5,310
Balance (in Shares) at Sep. 30, 2020		55,003,076
Balance at Jun. 30, 2020		$ 1,423	227,170	(2,000)	(1,127)	(218,624)	6,842
Balance (in Shares) at Jun. 30, 2020		55,003,076
Stock-based compensation			13				13
Foreign currency translation adjustments					76		76
Net loss						(1,621)	(1,621)
Balance at Sep. 30, 2020		$ 1,423	$ 227,183	$ (2,000)	$ (1,051)	$ (220,245)	$ 5,310
Balance (in Shares) at Sep. 30, 2020		55,003,076
[1]	See Note 10D.
[2]	See Note 10A.

Interim Unaudited Condensed C_6

Interim Unaudited Condensed Consolidated Statements of Changes in Equity (Parentheticals) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Jun. 30, 2020	Sep. 30, 2020
Statement of Stockholders' Equity [Abstract]
Net of issuance costs	$ 31	$ 39

Interim Unaudited Condensed C_7

Interim Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Cash flows from continuing operating activities
Net loss from continuing operations	$ (3,288)	$ (3,575)
Adjustments required to reconcile net loss to net cash used in provided by continuing operating activities:
Stock-based compensation related to options and shares issued to employees and others	41	96
Accrued interest and linkage differences, net	(102)	(48)
Depreciation and amortization	924	951
Deferred tax benefits, net	(107)	(25)
Gain on sale of property and equipment		(328)
Changes in operating assets and liabilities:
Change in accrued severance pay, net	21	66
(Increase) decrease in trade receivables, net	(401)	1,576
Decrease in other receivables and prepaid expenses	610	395
Increase in inventories	(48)	(879)
Increase in trade payables	204	506
Decrease in other current liabilities	(244)	(585)
Net cash used in continuing operating activities	(2,390)	(1,850)
Cash flows from continuing investing activities
Purchase of property and equipment and intangible assets	(994)	(589)
Proceeds from sale of property and equipment		1,102
Change in short-term investments, net	1,715	(978)
Proceeds from restricted deposit for employee benefits		10
Net cash provided by (used in) continuing investing activities	721	(455)
Cash flows from continuing financing activities
Increase in short-term bank credit, net	161	2,636
Proceeds from long-term bank loans	799
Repayment of long-term bank loans	(8)	(261)
Proceeds from issuance of shares, net of issuance costs	1,369
Net cash provided by continuing financing activities	2,321	2,375
Cash flows from discontinued operations
Net cash used in discontinued operating activities	(572)	(1,397)
Total net cash used in discontinued operations	(572)	(1,397)
Effect of exchange rate changes on cash and cash equivalents	(45)	(277)
Increase (decrease) in cash, cash equivalents and restricted cash	35	(1,604)
Cash, cash equivalents and restricted cash - beginning of the period	2,648	5,105
Cash, cash equivalents and restricted cash - end of the period	2,683	3,501
Cash paid during the period for:
Interest paid	64	44
Income taxes paid	41	187
Income tax refund received	83
Supplemental disclosures of non-cash flow information:
Payables due to purchase of property and equipment and intangible assets	$ 92

Organization and Basis of Prese

Organization and Basis of Presentation	9 Months Ended
	Sep. 30, 2020
Accounting Policies [Abstract]
Organization and Basis of Presentation	Note 1 - Organization and Basis of Presentation A. Description of business On Track Innovations Ltd. (the “Company”) was founded in 1990, in Israel. The Company and its subsidiaries (together, the “Group”) are principally engaged in the field of design and development of cashless payment solutions. The Company’s ordinary shares are listed for trading on the OTCQX market (formerly listed on the Nasdaq Capital Market until October 31, 2019). At September 30, 2020, the Company operates in two operating segments: (a) Retail and Mass Transit Ticketing, and (b) Petroleum. See Note 11. During December 2018, the Company sold its medical smart cards operation – see Note 1C(2). B. Interim Unaudited Financial Information The accompanying unaudited consolidated financial statements of the Company have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and with the instructions to Form 10-Q. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements and therefore should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2019. In the opinion of management, all adjustments considered necessary for a fair statement, consisting of normal recurring adjustments, have been included. Operating results for the nine month period and the three month period ended September 30, 2020 are not necessarily indicative of the results that may be expected for the year ending December 31, 2020. Use of Estimates: The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the assets, liabilities, revenue, costs, expenses and accumulated other comprehensive income/(loss) that are reported in the Interim Consolidated Financial Statements and accompanying disclosures. These estimates are based on management’s best knowledge of current events, historical experience, actions that the Company may undertake in the future and on various other assumptions that are believed to be reasonable under the circumstances. As a result, actual results may be different from these estimates. C. Divestiture of operations 1. In December 2013, the Company completed the sale of certain assets, subsidiaries and intellectual property relating to its Smart ID division, for a total purchase price of $10,000 in cash and an additional $12,500 subject to performance-based milestones. Accordingly, the results and the cash flows of this operation for all reporting periods are presented in the statements of operations and in the statements of cash flows, respectively, as discontinued operations separately from continuing operations. On April 20, 2016, the purchaser of the Smart ID division, SuperCom Ltd. (“SuperCom”), and the Company entered into a settlement agreement resolving certain litigation between SuperCom and the Company pursuant to which SuperCom paid the Company $2,050 and agreed to pay the Company up to $1,500 in accordance with and subject to a certain earn-out mechanism. In November 2017, the Company commenced an arbitration procedure with SuperCom, in which the Company claims that additional earn-out payments have not been paid to the Company. SuperCom raised claims against the Company during the arbitration for material damages. An arbitration decision was issued on December 24, 2018 in the Company’s favor and denied SuperCom’s claims. The arbitrator ordered SuperCom to disclose the financial information regarding the earn-out payments that the Company is entitled to receive, and to pay the Company accordingly, or otherwise pay the Company approximately $1,300 that reflects the maximum earn-out amount that has not yet been paid to the Company by SuperCom. The arbitration verdict was approved as a court’s verdict in June 2019, but SuperCom failed to disclose the financial information in the way it should have done according to the arbitration decision. Therefore, in December 2019 the Company submitted a complementary claim to the arbitrator, asking for a final award that includes a final payment by SuperCom (as opposed to merely disclosing information). A hearing in this procedure took place on August 18, 2020, and the parties are now submitting written summaries, to be followed by an arbitration verdict. The Company records the earn-out payments only when the consideration is determined to be realizable. The Company did not record or receive any contingent consideration during the nine months ended September 30, 2020 and 2019. 2. In December 2018, the Company completed the sale of its medical smart cards operation (“Medismart”) (formerly part of the Company’s “Other segment”) to Smart Applications International Limited for a total price of $2,750. The Company has determined that the sale of the Medismart business qualifies as a discontinued operation. Accordingly, the results and the cash flows of this operation for all reporting periods are presented in the statements of operations and in the statements of cash flows, respectively, as discontinued operations separately from continuing operations. 3. The Company divested its interest in the SmartID division and its Medismart activity, and presented these activities as discontinued operations. Set forth below are the results of the discontinued operations: Three months ended Nine months ended 2020 2019 2020 2019 Revenues $ - $ - $ - $ - Expenses (82 ) (36 ) (125 ) (279 ) Net loss from discontinued operations (82 ) (36 ) (125 ) (279 ) D. Liquidity and Capital Resources The Company has had recurring losses and has an accumulated deficit as of September 30, 2020 of $220,245. The Company also has a payable balance on its short-term loan of $2,708 as of September 30, 2020 that is due within the next 12 months. Since inception, the Company’s principal sources of liquidity have been revenues, proceeds from sales of equity securities, borrowings from banks and government, cash from the exercise of options and warrants as well as proceeds from the divestiture of parts of the Company’s businesses. The Company had cash, cash equivalents and short-term investments representing bank deposits of $3,183 (of which an amount of $105 has been pledged as security for certain items) as of September 30, 2020. The recent deterioration in the pandemic situation in Poland has led to an almost complete stop to the Company’s Mass Transit Ticketing sales business, negatively impacting the Company’s cash flow. Based on the projected cash flows and the Company’s cash balances as of September 30, 2020, the Company’s management is of the opinion that without further fund raising or other increase in its cash, the Company will not have sufficient resources to enable it to continue its operations for a period of at least the next 12 months. As a result, there is a substantial doubt regarding the Company’s ability to continue as a going concern. The Company’s management has taken cost reduction steps, including material reductions in the salaries of its management and employees. The Company is attempting to raise additional funds and to increase its cash. While the Company’s management believes in its ability to raise additional funds and increase its cash, there can be no assurances to that effect. The financial statements do not include any adjustments relating to the recoverability and classification of recorded assets and the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. As disclosed in Note 10A, during the first half of 2020 the Company received funds in a total amount of $1,408 in consideration for the issuance of 7,040,000 ordinary shares, all in accordance with the terms and provisions of the Agreement (as defined in Note 10A below). In connection with the outbreak of the Corona Virus (COVID-19) (“COVID-19”), the Company has taken steps to protect its workforce in Israel, the United States, Poland, South Africa and elsewhere. Such steps include work from home where possible, minimizing face-to-face meetings and utilizing video conference as much as possible, social distancing at facilities and elimination of all international travel. The Company continues to comply with all local health directives. So far, the main direct impact of the COVID-19 pandemic has been a decrease in the Company’s revenues derived from Mass Transit Ticketing sales in the Polish market. The revenues from this operation, that were relatively stable during the year preceding the COVID-19 outbreak, decreased by approximately $1,600 in the nine month period ended September 30, 2020, compared to the nine month period ended September 30, 2019, mainly due to the lockdown and other restrictions and consequences of the COVID-19 as started in March 2020. This impact is expected to continue for the foreseeable future. In addition, recently, as a result of COVID-19, some of the Company’s customers have delayed issuance of orders in the Company’s pipeline and cancelled a few other orders, which reduced its pipeline. As a response to this effect, the Company has taken steps to reduce some costs that are not essential under the current circumstances. Another impact of COVID-19 has been on product delivery, where components’ procurement lead time is longer and a shortage in components has grown as the duration of the COVID-19 pandemic has continued. As long as the COVID-19 pandemic continues, the components’ lead time may be longer than normal and shortage in components may continue or get worse. Therefore, the Company maintains a comprehensive network of world-wide suppliers. Regarding the Company’s Petroleum activity, due to the extended lockdown in South Africa during the second quarter of 2020, some of the sales that were planned to occur by the end of June 2020 were postponed to the second half of 2020 and therefore caused a decrease in the revenues of the Petroleum segment in the nine month period ended September 30, 2020, compared to the nine month period ended September 30, 2019. As for the Company’s Retail activity, the Company has seen a higher interest from a growing number of potential customers and partners as they forecasted that the need for the Company’s products will grow, yet execution of closing is still slow due to the current business environment. It is difficult to predict what other impacts the COVID-19 pandemic may have on the Company. Regarding a consent that the Company’s Polish subsidiary received to postpone the maturity date of a secured bank loan, and a long-term loan that it received as part of the Polish government assistance and regulations introduced in relation to the COVID-19, see Note 5.

Significant Accounting Policies

Significant Accounting Policies	9 Months Ended
	Sep. 30, 2020
Accounting Policies [Abstract]
Significant Accounting Policies	Note 2 – Significant Accounting Policies These interim unaudited condensed consolidated financial statements have been prepared according to the same accounting policies as those discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019. Recently Accounting Pronouncements 1. In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-13, Financial Instruments - Credit Losses (Topic 326). The main objective of this ASU is to provide financial statement users with more decision-useful information about the expected credit losses on financial instruments and other commitments to extend credit held by a reporting entity at each reporting date. To achieve this objective, the amendments in this ASU replace the incurred loss impairment methodology in current GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. The amendments affect entities holding financial assets and net investment in leases that are not accounted for at fair value through net income. The amendments affect loans, debt securities, trade receivables, net investments in leases, off-balance-sheet credit exposures, reinsurance receivables, and any other financial assets not excluded from the scope that have the contractual right to receive cash. ASU 2016-13 is effective for the Company for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. Early adoption is permitted for fiscal years beginning after December 15, 2018. The Company currently does not expect the adoption of this accounting standard to have a material impact on its consolidated financial statements. 2. In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes (ASU 2019-12), which simplifies the accounting for income taxes. This ASU, among other things, removes the exception to the incremental approach for intraperiod allocation of tax expense when a company has a loss from continuing operations and income from other items that are not included in continuing operations, such as income from discontinued operations, or income recorded in other comprehensive income. The general rule under Accounting Standards Update (“ASC”) 740-20-45-7 is that the tax effect of pretax income or loss from continuing operations should be determined by a computation that does not consider the tax effects of items that are not included in continuing operations. Previously, companies could consider the impact on a loss from continuing operations of items in discontinued operations or other comprehensive income. However, under the amended guidance, companies should not consider the effect of items outside of continuing operations in calculating the tax effect on continuing operations. The new standard is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020. Early adoption is permitted, with the amendments to be applied on a retrospective, modified retrospective or prospective basis, depending on the specific amendment. The Company is currently evaluating the impact of adopting this guidance.

Other Receivables and Prepaid E

Other Receivables and Prepaid Expenses	9 Months Ended
	Sep. 30, 2020
Other Income and Expenses [Abstract]
Other Receivables and Prepaid Expenses	Note 3 - Other Receivables and Prepaid Expenses September 30, December 31, 2020 2019 Government institutions $ 239 $ 414 Prepaid expenses 173 224 Receivables under contractual obligations to be transferred to others (*) 274 330 Supplier advances 267 544 Other receivables 228 310 $ 1,181 $ 1,822 (*) The Company’s subsidiary in Poland is required to collect certain fees that are to be transferred to local authorities.

Other Current Liabilities

Other Current Liabilities	9 Months Ended
	Sep. 30, 2020
Other Liabilities and Financial Instruments Subject to Mandatory Redemption [Abstract]
Other Current Liabilities	Note 4 - Other Current Liabilities September 30, December 31, 2020 2019 Employees and related expenses $ 661 $ 613 Accrued expenses 789 887 Customer advances 84 111 Short-term liabilities due to operating leases and current maturities 867 686 Other current liabilities 138 (*)757 $ 2,539 $ 3,054

Short-Term and Long-Term Bank L

Short-Term and Long-Term Bank Loans	9 Months Ended
	Sep. 30, 2020
Debt Disclosure [Abstract]
Short-term and long-term bank loans	Note 5 - Short-term and long-term bank loans On May 11, 2020, based on Polish government regulations introduced in relation to the COVID-19 pandemic, ASEC S.A. (Spolka Akcyjna), the Polish subsidiary of the Company (hereinafter – “ASEC”), received the consent of PKO Bank Polski, a Polish bank (hereinafter – “the Lender”), to postpone the maturity date of a secured loan, provided to ASEC in May 2019, in the amount of $2,000, by six months to November 22, 2020, instead of May 23, 2020, as the loan agreement provided. On November 16, 2020, following ASEC’s request, ASEC received the consent of the Lender to further postpone the maturity date of the loan to December 22, 2020. The loan will be payable in full on maturity (with the option of early repayment by ASEC) and the interest of 1-month LIBOR plus 1.8% is paid on a monthly basis. The loan is secured by certain assets of ASEC. The loan agreement includes customary events of default, including, among others, failures to repay any amounts due to the Lender, breaches or defaults under the terms of the agreement, etc. If an event of default occurs, the Lender may reduce the amount of the loan, demand additional security or terminate the agreement. This loan is presented as a short-term bank loan within ‘current liabilities’. As part of an additional Polish government assistance, in June 2020 ASEC received a long-term loan through another Polish bank in an amount of approximately $800, out of which approximately $100 is presented as a current maturity of long-term bank loan within ‘current liabilities’ and approximately $700 is presented as a long-term bank loan within ‘long-term liabilities’ The loan will be repaid in 24 monthly equal installments starting in July 2021. Depending on some scenarios, such as average number of employees and financial results, a portion of the loan may be forgiven. This loan is denominated in Polish Zloty and does not bear interest. In the event of breach by ASEC of any of the obligations, as mentioned in the loan agreement, the bank may terminate such agreement. In such a case, the long-term loan shall become due and payable within 14 business days from receipt of the notice of termination.

Leases

Leases	9 Months Ended
	Sep. 30, 2020
Disclosure Text Block [Abstract]
Leases	Note 6 - Leases The Company leases a limited number of assets, mainly offices and cars for use in its operations. The Company adopted the accounting standard ASC 842, “Leases”, and all the related amendments on January 1, 2019 and used the effective date as Company’s date of initial application. As of September 30, 2020, right-of-use assets due to operating leases are $3,689 (as of December 31, 2019 - $2,134) and the liabilities due to operating leases are $3,669 (as of December 31, 2019 - $2,169), out of which $2,802 are classified as long-term liabilities and $867 are classified as current liabilities (see Note 4). The right-of-use assets and the liabilities due to operating leases as of September 30, 2020, include assets and liabilities in the amount of $1,696 and $1,704, respectively, that derive from the lease commencement of the headquarters office in Yokneam, Israel (in lieu of the previous leased headquarters building in Rosh Pina) in January 2020. The operating lease period of this office is five years (excluding the extension-period, as mentioned in the agreement). The total annual rent expenses of this building, including management fees and excluding construction costs-reimbursement payments, is approximately NIS 595 ($173) during the lease period and approximately NIS 654 ($190) during the extension-period, if extended. The construction costs-reimbursement payments are approximately NIS 2,913 ($847), out of which 50% will be paid during the lease period. If the Company leases this office during the extension-period of five years, the rest of the 50% costs-reimbursement payments will be paid during the extension-period. Otherwise, the rest of the 50% costs-reimbursement payments will be paid at the end of 2024. The Company includes renewal options that it is reasonably certain to exercise in the measurement of the lease liabilities. The remaining operating lease periods of the leases range from less than one year to ten years as of September 30, 2020. The weighted average remaining lease term is 3.1 years as of September 30, 2020. The following is a schedule of the maturities of operating lease liabilities for the next five years as of September 30, 2020, and thereafter, as were taken into account in the calculation of the operating lease liabilities as of September 30, 2020: Remainder of 2020 $ 276 2021 1,052 2022 832 2023 522 2024 343 Thereafter 1,234 Total leases payments 4,259 Less - discount 590 Operating lease liabilities $ 3,669 As of September 30, 2020, the weighted average discount rate of the operating leases is approximately 5%. Operating lease costs and cash paid during the nine months ended September 30, 2020 and 2019, for amounts included in the measurement of the lease liabilities were approximately $823 and $602, respectively. Operating lease costs and cash paid during the three months ended September 30, 2020 and 2019, for amounts included in the measurement of the lease liabilities were approximately $285 and $236, respectively. Operating lease costs include fixed payments and variable payments that depend on an index or rate. There are no other significant variable lease payments. The Company does not have any material leases, individually or in the aggregate, classified as a finance leasing arrangement.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 7 - Commitments and Contingencies A. Legal claims 1. In June 2013, prior to the Company's divestiture of its SmartID division, Merwell Inc. (“Merwell”) filed a claim against the Company before an agreed-upon arbitrator alleging breach of contract in connection with certain commissions claimed to be owed to Merwell with respect to the division’s activities in Tanzania. These activities, along with all other activities of the SmartID division, were later assigned to and assumed by SuperCom in its purchase of the division. SuperCom undertook to indemnify the Company and hold it harmless against any liabilities the Company may incur in connection with Merwell’s consulting agreement and the arbitration. An arbitration decision was issued on February 21, 2016, awarding Merwell approximately $855 for outstanding commissions, plus expenses and legal fees, as well as a right to receive additional information from the Company regarding an additional engagement period in Tanzania and a right to possibly receive additional amounts from the Company, if at all, according to the information that will be provided. The arbitration decision had been appealed and the appeal was denied on June 17, 2018. In order to collect the award, Merwell filed a motion against the Company and the Nazareth District Court issued a judgment requiring the Company to pay Merwell an amount of NIS 5,080 (approximately $1,370) that was paid by the Company on January 8, 2019. As mentioned above, based on the agreement with SuperCom from April 2016 (which was granted an effect of a court judgment), SuperCom is liable for all the costs and liabilities arising out of this claim. Since SuperCom failed to pay the Company the amounts due, in February 2019 the Company initiated an arbitration process to collect from SuperCom, the amount paid to Merwell, as well as any complementary amounts, as may be ordered in the future. Despite the fact that, based on the assessment of the Company’s external legal counsel, the likelihood to succeed in the arbitration process (or other legal procedure in that matter) is high, the Company did not record an indemnification asset as of September 30, 2020 and December 31, 2019 , 2. On June 12, 2019, Merwell submitted a complementary claim against the Company in arbitration, with respect to the additional financial details that Merwell claims that the Company was ordered to provide according to the arbitration verdict from February 21, 2016, and additional payments that Merwell claims that the Company is obligated to pay Merwell. The said financial details refer to the quantity of smart driving licenses that Merwell claims were issued in the later period of a project in Tanzania in which Merwell claims to have provided services to the Company. Merwell claims that despite the Company’s failure to provide the details, Merwell obtained the details independently from other sources, and they indicate that the Company is obligated to pay Merwell an additional amount of approximately $1,618, and there might be additional amounts to be claimed in the future, as additional information might be found from time to time. On March 4, 2020, the Company submitted a response to this complementary claim, rejecting Merwell’s claims. On September 16, 2020, Merwell filed a request to amend the additional amount claimed from approximately $1,618 to approximately $3,012. As mentioned above, the Company is conducting in parallel a separate arbitration process against SuperCom in that matter, as the Company deems SuperCom to be liable for all the costs and liabilities arising out of this claim. Based on the assessment of the Company’s external legal counsel, given the preliminary stage of the procedure, it is difficult, at this point, to estimate the chances of Merwell’s claims for a complementary arbitration verdict. 3. In October 2013, a financial claim was filed against the Company and its then French subsidiary, Parx France (in this paragraph, together, the “Defendants”), in the Commercial Court of Paris, France (in this paragraph, the “Court”). The sum of the claim is €1,500 (approximately $1,755) and is based on the allegation that the plaintiff sustained certain losses in connection with Defendants not granting the plaintiff exclusive marketing rights to distribute and operate the Defendants’ PIAF Parking System in Paris and the Ile of France. On October 25, 2017, the Court issued its ruling in this matter dismissing all claims against the Company, but ordering Parx France to pay the plaintiff €50 ($58) plus interest in damages plus another approximately €5 ($6) in other fees and penalties. The Company offered to pay the amounts mentioned above to the plaintiff in consideration for not filing future appeals. The plaintiff rejected this offer and filed an appeal against Parx France and the Company claiming the sum of €503 ($588) plus interest and expenses. On November 7, 2019, the Company’s external legal counsel concluded that the appeal was inadmissible, and that it believed that the opposing claims would be dismissed. The appeal hearing is scheduled for April 21, 2021. Based on the assessment of the Company’s external legal counsel, the Company’s management is of the opinion that the chances of the appeal being approved against the Company are low. 4. In July 2019, the Company received a request (the “Request”), to allow a petitioner to submit a class action, which concerns the petitioner’s claims that, inter alia, through the EasyPark card, drivers are permitted to exceed the quota of permitted hours in accordance with the instructions of various local authorities in Israel. The Request was submitted against a company incorporated by the buyer of the assets (including the parking activity) of the Israeli subsidiaries of the Company (the “Company’s Subsidiaries”) and against two other companies that operate technological means for payment for public parking spaces scattered throughout the cities. Since the majority of potential claims against the Company’s Subsidiaries relate to the period following the sale of the Company’s Subsidiaries’ assets, including the parking activity, it appears that the Company’s exposure through this channel is limited. Furthermore, even if payment will be required, the buyer would be liable for the majority of such payment. Therefore the Company will not participate in such procedure at this stage. Based on the assessment of the Company’s external legal counsel, the Company’s management is of the opinion that the exposure of the Company is low. 5. During the year ended December 31, 2017, the Company recorded income of approximately $1,600 based on a judgment issued by the Israeli Central District Court regarding the Company’s lawsuit against Harel Insurance Company Ltd. (“Harel”) for damages incurred by the Company due to flooding in a subcontractor’s manufacturing site in 2011. The judgment determined that this amount of $1,600, net be awarded to cover the Company’s damages. On October 10, 2017, Harel submitted its appeal of the judgment to the Israeli Supreme Court as well as a request for stay of judgment . On January 26, 2020, Harel and the Company agreed to the offer of the Israeli Supreme Court, as made by way of settlement in which the Company will pay back to Harel the sum of NIS 1,907 (approximately $553) in three monthly equal installments starting February 26, 2020. Accordingly, the Company recorded loss of $71 and $482 within the net loss from continuing operations and within the net loss from discontinued operations, respectively, in the fourth quarter of 2019. As of September 30, 2020, the Company paid all the settlement amount. 6. Regarding an additional legal claim, see Note 1C(1). B. Guarantees As of September 30, 2020, the Company has granted performance guarantees in the sum of $505. The expiration dates of these guarantees range from January 2021 to May 2024.

Revenues

Revenues	9 Months Ended
	Sep. 30, 2020
Revenue from Contract with Customer [Abstract]
Revenues	Note 8 - Revenues Disaggregation of revenue The following tables disaggregate the Company’s revenue by major source based on categories that depict its nature and timing as reviewed by management for the three months ended September 30, 2020 and 2019: Three months ended September 30, 2020 Retail and Petroleum Total Cashless payment products (A) $ 1,999 $ - $ 1,999 Complete cashless payment solutions (B): Sales of products (B1) 103 529 632 Licensing fees, transaction fees and services (B2) 779 227 1,006 882 756 1,638 Total revenues $ 2,881 $ 756 $ 3,637 Three months ended September 30, 2019 Retail and Petroleum Total Cashless payment products (A) $ 1,697 $ - $ 1,697 Complete cashless payment solutions (B): Sales of products (B1) 49 603 652 Licensing fees, transaction fees and services (B2) 1,189 327 1,516 1,238 930 2,168 Total revenues $ 2,935 $ 930 $ 3,865 The following tables disaggregate the Company’s revenue by major source based on categories that depict its nature and timing as reviewed by management for the nine months ended September 30, 2020 and 2019: Nine months ended September 30, 2020 Retail and Petroleum Total Cashless payment products (A) $ 6,311 $ - $ 6,311 Complete cashless payment solutions (B): Sales of products (B1) 2,216 1,404 3,620 Licensing fees, transaction fees and services (B2) 2,379 631 3,010 4,595 2,035 6,630 Total revenues $ 10,906 $ 2,035 $ 12,941 Nine months ended September 30, 2019 Retail and Petroleum Total Cashless payment products (A) $ 4,437 $ - $ 4,437 Complete cashless payment solutions (B): Sales of products (B1) 646 1,439 2,085 Licensing fees, transaction fees and services (B2) 3,522 950 4,472 4,168 2,389 6,557 Total revenues $ 8,605 $ 2,389 $ 10,994 Performance obligations Below is a listing of performance obligations for the Company’s main revenue streams: A. Cashless payment products – The performance obligation is the selling of contactless payment products. Most of those products are Near Field Communication (NFC) readers. For such sales the performance obligation, transfer of control and revenue recognition occur when the products are delivered. B. Complete cashless payment solutions – The complete solution includes selling of products and complementary services, as follows: 1. Sales of products – ● Selling of contactless payment products (see A above) together with payment gateways and machine-to-machine controllers. ● Selling of petroleum payment solutions including site and vehicle equipment. For such sales, the performance obligation, transfer of control and revenue recognition occur when the products are delivered. 2. Licensing fees, transaction fees and services - The types of arrangements and their main performance obligations are as follows: ● To provide terminal management system licensing for software that is responsible for remote terminal management and cloud-based software licensing which provide data insights. For such services, the revenue recognition occurs as the services are rendered since the performance obligation is satisfied over time. ● To enable loading and sale of electronic contactless and paper cards. For such transaction fees, the revenue recognition occurs on the transaction date. ● To provide technical and customer services for products. For such services, the performance obligation is satisfied over time and therefore revenue recognition occurs as the services are rendered. The Company includes a warranty in connection with certain contracts with customers, which are not considered to be separate performance obligations. The cost to the Company of this warranty is insignificant. Contract balances September 30, December 31, 2020 2019 Trade receivables, net of allowance for doubtful accounts $ 2,824 $ 2,430 Customer advances $ 84 $ 111 Accounts receivable are recognized when the right to consideration becomes unconditional based upon contractual billing schedules. Transaction price and variable consideration The transaction price is the amount of consideration to which the Company expects to be entitled in exchange for transferring goods or services to a customer, excluding amounts collected on behalf of third parties. In certain arrangements with variable consideration, revenue is recognized over time as it is mainly attributed to ongoing services provided.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
	Sep. 30, 2020
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Note 9 - Fair Value of Financial Instruments The Company's financial instruments consist mainly of cash and cash equivalents, short-term interest bearing investments, accounts receivable, restricted deposits for employee benefits, accounts payable and short-term and long-term loans. Fair value for the measurement of financial assets and liabilities is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or liability. The Company utilizes a valuation hierarchy for disclosure of the inputs for fair value measurement. This hierarchy prioritizes the inputs into three broad levels as follows: ● Level 1 Inputs: Unadjusted quoted prices in active markets for identical assets or liabilities accessible to the reporting entity at the measurement date. ● Level 2 Inputs: Other than quoted prices included in Level 1 inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the asset or liability. ● Level 3 Inputs: Unobservable inputs for the asset or liability used to measure fair value to the extent that observable inputs are not available, thereby allowing for situations in which there is little, if any, market activity for the asset or liability at measurement date. By distinguishing between inputs that are observable in the market place, and therefore more objective, and those that are unobservable and therefore more subjective, the hierarchy is designed to indicate the relative reliability of the fair value measurements. A financial asset or liability's classification within the hierarchy is determined based on the lowest level input that is significant to the fair value measurement. The Company, in estimating fair value for financial instruments, determined that the carrying amounts of cash and cash equivalents, trade receivables, short-term bank credit and trade payables are equivalent to, or approximate their fair value due to the short-term maturity of these instruments. The carrying amounts of variable interest rate long-term loans are equivalent or approximate to their fair value as they bear interest at approximate market rates. Regarding the long-term loan that does not bear any interest (see Note 5), taking into account the schedule of its maturities, its amount and the relatively current low market rates, the difference between its carrying amount and its fair value is insignificant. As of September 30, 2020, the Company held approximately $605 of short-term bank deposits (as of December 31, 2019, $2,305). As of September 30, 2020 and December 31, 2019, short-term deposit in the amount of $105 has been pledged as security in respect of guarantees granted and cannot be pledged to others or withdrawn without the consent of the bank.

Equity

Equity	9 Months Ended
	Sep. 30, 2020
Stockholders' Equity Note [Abstract]
Equity	Note 10 - Equity A. Share capital On December 23, 2019, the Company entered into a share purchase agreement (hereinafter – the “Agreement”) with Jerry L Ivy, Jr. Descendants Trust (hereinafter - “Ivy”) and two other investors (collectively together with Ivy – “Investors”). The Agreement relates to a private placement of an aggregate of up to 12,500,000 ordinary shares of the Company for aggregate gross proceeds to the Company of up to $2,500. As part of this Agreement, in December 2019 and January 2020, the Company issued 5,460,000 and 1,040,000 ordinary shares, respectively, for aggregate gross proceed of $1,092 and $208, respectively. The issuance costs were approximately $111 during the second half of 2019. The issuance costs in the three months ended March 31, 2020 were $8. Under the terms of the Agreement and following the issuance of those shares, the Company appointed one representative to its Board of Directors, designated by Ivy. Also, pursuant to the Agreement, Ivy has a right to purchase any future equity securities offered by the Company, except with respect to certain exempt issuances as set forth in the Agreement. The issuance of the remaining 6,000,000 ordinary shares (hereinafter – the “Subsequent Closing”) for aggregate gross proceeds of $1,200 took place in April 2020, following the approval by the Company’s shareholders on April 14, 2020, of the resolutions detailed below, that were required for the consummation of the Subsequent Closing under the Agreement and the applicable law: (i) an increase in the number of the ordinary shares authorized for issuance from 50,000,000 to 100,000,000; (ii) the issuance of the ordinary shares to Ivy following which Ivy will hold 25% or more of the total voting rights at general meetings of the shareholders of the Company; and (iii) the election of the representative designated by Ivy to the Company’s Board of Directors. The issuance costs in the three months ended June 30, 2020 were $31. There are no issuance costs in the three months ended September 30, 2020. In addition, pursuant to the terms of the Agreement, on May 5, 2020, after the consummation of the Subsequent Closing, the Company’s Board of Directors appointed an additional representative designated by Ivy. The appointment of such designee shall remain valid through the next general meeting of the Company’s shareholders or as set forth in the Articles of Association of the Company. B. Stock option plans Nine months ended 2020 2019 Expected dividend yield 0 % 0 % Expected volatility 107 % 79 % Risk-free interest rate 0.36 % 2.07 % Expected life - in years 2.49 2.44 1. Dividend yield of zero percent for all periods. 2. Expected average volatility represents a weighted average standard deviation rate for the price of the Company’s ordinary shares on Nasdaq and on the OTCQX market, as applicable. 3. Risk-free interest rate is based on the U.S. Treasury yield curve in effect at the time of grant. 4. Estimated expected lives are based on historical grants data. The Company’s options activity (including options to non-employees) and options outstanding and options exercisable as of December 31, 2019 and September 30, 2020, are summarized in the following table: Number of Weighted Outstanding – December 31, 2019 809,000 $ 0.93 Options granted 814,000 0.24 Options expired or forfeited (106,500 ) 0.81 Outstanding – September 30, 2020 1,516,500 0.57 Exercisable as of: December 31, 2019 505,657 $ 1.06 September 30, 2020 518,990 $ 1.00 The weighted average fair value of options granted during the nine months ended September 30, 2020 and during the nine months ended September 30, 2019 is $0.12 and $0.2, respectively, per option. The aggregate intrinsic value of outstanding options as of September 30, 2020 and December 31, 2019 is approximately $113 and zero, respectively. The aggregate intrinsic value of exercisable options as of September 30, 2020 and December 31, 2019 is zero. The following table summarizes information about options outstanding and exercisable (including options to non-employees) as of September 30, 2020: Options outstanding Options exercisable Number Weighted Number Weighted Outstanding average Weighted Outstanding average Weighted as of remaining Average As of remaining Average Range of September 30, contractual Exercise September 30, contractual Exercise exercise price ($) 2020 life (years) Price 2020 life (years) Price 0.28-0.90 1,090,500 4.02 0.34 149,328 1.77 0.67 1.07-1.68 426,000 1.45 1.14 369,662 1.35 1.13 1,516,500 3.30 518,990 1.47 As of September 30, 2020, there was approximately $126 of total unrecognized compensation cost related to non-vested stock-based compensation arrangements. That cost is expected to be recognized over a weighted-average period of approximately 1.36 years. During the three months ended September 30, 2020 and September 30, 2019, the Company recorded stock-based compensation expenses in the amount of $13 and $6, respectively, in accordance with ASC 718, “Compensation-Stock Compensation”. During the nine months ended September 30, 2020 and September 30, 2019, the Company recorded stock-based compensation expenses in the amount of $41 and $96, respectively, in accordance with ASC 718, “Compensation-Stock Compensation”. C. Stock options and warrants in the amounts of 1,516,500 and 1,262,331 outstanding as of September 30, 2020 and 2019, respectively, have been excluded from the calculation of the diluted net loss per ordinary share because all such securities have an anti-dilutive effect for all periods presented. D. Shares to non-employees There were no grants to non-employees during the nine months ended September 30, 2020. During the nine months ended September 30, 2019, the Company granted 30,000 ordinary shares to its consultants. The expenses that are recognized due to those grants are immaterial and are presented within ‘stock-based compensation’ in the statement of changes in equity for the nine months ended September 30, 2019.

Operating Segments

Operating Segments	9 Months Ended
	Sep. 30, 2020
Segment Reporting [Abstract]
Operating segments	Note 11 - Operating segments For the purposes of allocating resources and assessing performance in order to improve profitability, the Company’s chief operating decision maker (“CODM”) examines two segments which are the Company’s strategic business units: (1) Retail and Mass Transit Ticketing; and (2) Petroleum. Information regarding the results of each reportable segment is included below based on the internal management reports that are reviewed by the CODM. Three months ended September 30, 2020 Petroleum Retail and Consolidated Revenues $ 755 $ 2,882 $ 3,637 Reportable segment gross profit * 309 1,393 1,702 Reconciliation of reportable segment gross profit to gross profit for the period Depreciation (207 ) Stock-based compensation (1 ) Gross profit for the period in the consolidated financial statement $ 1,494 Three months ended September 30, 2019 Petroleum Retail and Mass Transit Ticketing Consolidated Revenues $ 929 $ 2,936 $ 3,865 Reportable segment gross profit * 310 1,585 1,895 Reconciliation of reportable segment gross profit to gross profit for the period Depreciation (190 ) Stock-based compensation (1 ) Gross profit for the period in the consolidated financial statement $ 1,704 Nine months ended September 30, 2020 Petroleum Retail and Mass Transit Ticketing Consolidated Revenues $ 2,035 $ 10,906 $ 12,941 Reportable segment gross profit * 896 5,248 6,144 Reconciliation of reportable segment gross profit to gross profit for the period Depreciation (582 ) Stock-based compensation (3 ) Gross profit for the period in the consolidated financial statement $ 5,559 Nine months ended September 30, 2019 Retail and Mass Transit Petroleum Ticketing Consolidated Revenues $ 2,388 $ 8,606 $ 10,994 Reportable segment gross profit * 1,106 5,206 6,312 Reconciliation of reportable segment gross profit to gross profit for the period Depreciation (588 ) Stock-based compensation (3 ) Gross profit for the period in the consolidated financial statement $ 5,721 * Gross profit as reviewed by the CODM, represents gross profit, adjusted to exclude depreciation and stock-based compensation.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	9 Months Ended
	Sep. 30, 2020
Accounting Policies [Abstract]
Recently Accounting Pronouncements	Recently Accounting Pronouncements 1. In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-13, Financial Instruments - Credit Losses (Topic 326). The main objective of this ASU is to provide financial statement users with more decision-useful information about the expected credit losses on financial instruments and other commitments to extend credit held by a reporting entity at each reporting date. To achieve this objective, the amendments in this ASU replace the incurred loss impairment methodology in current GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. The amendments affect entities holding financial assets and net investment in leases that are not accounted for at fair value through net income. The amendments affect loans, debt securities, trade receivables, net investments in leases, off-balance-sheet credit exposures, reinsurance receivables, and any other financial assets not excluded from the scope that have the contractual right to receive cash. ASU 2016-13 is effective for the Company for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. Early adoption is permitted for fiscal years beginning after December 15, 2018. The Company currently does not expect the adoption of this accounting standard to have a material impact on its consolidated financial statements. 2. In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes (ASU 2019-12), which simplifies the accounting for income taxes. This ASU, among other things, removes the exception to the incremental approach for intraperiod allocation of tax expense when a company has a loss from continuing operations and income from other items that are not included in continuing operations, such as income from discontinued operations, or income recorded in other comprehensive income. The general rule under Accounting Standards Update (“ASC”) 740-20-45-7 is that the tax effect of pretax income or loss from continuing operations should be determined by a computation that does not consider the tax effects of items that are not included in continuing operations. Previously, companies could consider the impact on a loss from continuing operations of items in discontinued operations or other comprehensive income. However, under the amended guidance, companies should not consider the effect of items outside of continuing operations in calculating the tax effect on continuing operations. The new standard is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020. Early adoption is permitted, with the amendments to be applied on a retrospective, modified retrospective or prospective basis, depending on the specific amendment. The Company is currently evaluating the impact of adopting this guidance.

Organization and Basis of Pre_2

Organization and Basis of Presentation (Tables)	9 Months Ended
	Sep. 30, 2020
Accounting Policies [Abstract]
Schedule of the discontinued operations	Three months ended Nine months ended 2020 2019 2020 2019 Revenues $ - $ - $ - $ - Expenses (82 ) (36 ) (125 ) (279 ) Net loss from discontinued operations (82 ) (36 ) (125 ) (279 )

Other Receivables and Prepaid_2

Other Receivables and Prepaid Expenses (Tables)	9 Months Ended
	Sep. 30, 2020
Other Income and Expenses [Abstract]
Schedule of other receivables and prepaid expenses	September 30, December 31, 2020 2019 Government institutions $ 239 $ 414 Prepaid expenses 173 224 Receivables under contractual obligations to be transferred to others (*) 274 330 Supplier advances 267 544 Other receivables 228 310 $ 1,181 $ 1,822 (*) The Company’s subsidiary in Poland is required to collect certain fees that are to be transferred to local authorities.

Other Current Liabilities (Tabl

Other Current Liabilities (Tables)	9 Months Ended
	Sep. 30, 2020
Other Liabilities and Financial Instruments Subject to Mandatory Redemption [Abstract]
Schedule of other current liabilities	September 30, December 31, 2020 2019 Employees and related expenses $ 661 $ 613 Accrued expenses 789 887 Customer advances 84 111 Short-term liabilities due to operating leases and current maturities 867 686 Other current liabilities 138 (*)757 $ 2,539 $ 3,054

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2020
Disclosure Text Block [Abstract]
Schedule of the maturities of operating lease liabilities	Remainder of 2020 $ 276 2021 1,052 2022 832 2023 522 2024 343 Thereafter 1,234 Total leases payments 4,259 Less - discount 590 Operating lease liabilities $ 3,669

Revenues (Tables)

Revenues (Tables)	9 Months Ended
	Sep. 30, 2020
Revenue from Contract with Customer [Abstract]
Schedule of disaggregation of revenue	Three months ended September 30, 2020 Retail and Petroleum Total Cashless payment products (A) $ 1,999 $ - $ 1,999 Complete cashless payment solutions (B): Sales of products (B1) 103 529 632 Licensing fees, transaction fees and services (B2) 779 227 1,006 882 756 1,638 Total revenues $ 2,881 $ 756 $ 3,637 Three months ended September 30, 2019 Retail and Petroleum Total Cashless payment products (A) $ 1,697 $ - $ 1,697 Complete cashless payment solutions (B): Sales of products (B1) 49 603 652 Licensing fees, transaction fees and services (B2) 1,189 327 1,516 1,238 930 2,168 Total revenues $ 2,935 $ 930 $ 3,865 Nine months ended September 30, 2020 Retail and Petroleum Total Cashless payment products (A) $ 6,311 $ - $ 6,311 Complete cashless payment solutions (B): Sales of products (B1) 2,216 1,404 3,620 Licensing fees, transaction fees and services (B2) 2,379 631 3,010 4,595 2,035 6,630 Total revenues $ 10,906 $ 2,035 $ 12,941 Nine months ended September 30, 2019 Retail and Petroleum Total Cashless payment products (A) $ 4,437 $ - $ 4,437 Complete cashless payment solutions (B): Sales of products (B1) 646 1,439 2,085 Licensing fees, transaction fees and services (B2) 3,522 950 4,472 4,168 2,389 6,557 Total revenues $ 8,605 $ 2,389 $ 10,994
Schedule of contract balances	September 30, December 31, 2020 2019 Trade receivables, net of allowance for doubtful accounts $ 2,824 $ 2,430 Customer advances $ 84 $ 111

Equity (Tables)

Equity (Tables)	9 Months Ended
	Sep. 30, 2020
Stockholders' Equity Note [Abstract]
Schedule of Black-Scholes model and assumptions	Nine months ended 2020 2019 Expected dividend yield 0 % 0 % Expected volatility 107 % 79 % Risk-free interest rate 0.36 % 2.07 % Expected life - in years 2.49 2.44
Schedule of stock options activity	Number of Weighted Outstanding – December 31, 2019 809,000 $ 0.93 Options granted 814,000 0.24 Options expired or forfeited (106,500 ) 0.81 Outstanding – September 30, 2020 1,516,500 0.57 Exercisable as of: December 31, 2019 505,657 $ 1.06 September 30, 2020 518,990 $ 1.00
Schedule of options outstanding and exercisable	Options outstanding Options exercisable Number Weighted Number Weighted Outstanding average Weighted Outstanding average Weighted as of remaining Average As of remaining Average Range of September 30, contractual Exercise September 30, contractual Exercise exercise price ($) 2020 life (years) Price 2020 life (years) Price 0.28-0.90 1,090,500 4.02 0.34 149,328 1.77 0.67 1.07-1.68 426,000 1.45 1.14 369,662 1.35 1.13 1,516,500 3.30 518,990 1.47

Operating Segments (Tables)

Operating Segments (Tables)	9 Months Ended
	Sep. 30, 2020
Segment Reporting [Abstract]
Schedule of information regarding results of each reportable segment	Three months ended September 30, 2020 Petroleum Retail and Consolidated Revenues $ 755 $ 2,882 $ 3,637 Reportable segment gross profit * 309 1,393 1,702 Reconciliation of reportable segment gross profit to gross profit for the period Depreciation (207 ) Stock-based compensation (1 ) Gross profit for the period in the consolidated financial statement $ 1,494 Three months ended September 30, 2019 Petroleum Retail and Mass Transit Ticketing Consolidated Revenues $ 929 $ 2,936 $ 3,865 Reportable segment gross profit * 310 1,585 1,895 Reconciliation of reportable segment gross profit to gross profit for the period Depreciation (190 ) Stock-based compensation (1 ) Gross profit for the period in the consolidated financial statement $ 1,704 Nine months ended September 30, 2020 Petroleum Retail and Mass Transit Ticketing Consolidated Revenues $ 2,035 $ 10,906 $ 12,941 Reportable segment gross profit * 896 5,248 6,144 Reconciliation of reportable segment gross profit to gross profit for the period Depreciation (582 ) Stock-based compensation (3 ) Gross profit for the period in the consolidated financial statement $ 5,559 Nine months ended September 30, 2019 Retail and Mass Transit Petroleum Ticketing Consolidated Revenues $ 2,388 $ 8,606 $ 10,994 Reportable segment gross profit * 1,106 5,206 6,312 Reconciliation of reportable segment gross profit to gross profit for the period Depreciation (588 ) Stock-based compensation (3 ) Gross profit for the period in the consolidated financial statement $ 5,721 * Gross profit as reviewed by the CODM, represents gross profit, adjusted to exclude depreciation and stock-based compensation.

Organization and Basis of Pre_3

Organization and Basis of Presentation (Details) $ in Thousands	Jun. 12, 2019	Dec. 31, 2018USD ($)	Dec. 24, 2018	Apr. 20, 2016	Dec. 31, 2013USD ($)	Sep. 30, 2020USD ($)	Apr. 30, 2020USD ($)shares	Jan. 31, 2020shares	Dec. 31, 2019USD ($)shares	Dec. 23, 2019shares
Organization and Basis of Presentation (Textual)
Number of operating segments						2
Total purchase price in cash		$ 2,750			$ 10,000
Additional purchase price					$ 12,500
Settlement agreement resolving, description	The said financial details refer to the quantity of smart driving licenses that Merwell claims were issued in the later period of a project in Tanzania in which Merwell claims to have provided services to the Company. Merwell claims that despite the Company’s failure to provide the details, Merwell obtained the details independently from other sources, and they indicate that the Company is obligated to pay Merwell an additional amount of approximately $1,618, and there might be additional amounts to be claimed in the future, as additional information might be found from time to time. On March 4, 2020, the Company submitted a response to this complementary claim, rejecting Merwell’s claims. On September 16, 2020, Merwell filed a request to amend the additional amount claimed from approximately $1,618 to approximately $3,012.		the Company’s favor and denied SuperCom’s claims. The arbitrator ordered SuperCom to disclose the financial information regarding the earn-out payments that the Company is entitled to receive, and to pay the Company accordingly, or otherwise pay the Company approximately $1,300 that reflects the maximum earn-out amount that has not yet been paid to the Company by SuperCom. The arbitration verdict was approved as a court’s verdict in June 2019, but SuperCom failed to disclose the financial information in the way it should have done according to the arbitration decision.	the purchaser of the Smart ID division, SuperCom Ltd. (“SuperCom”), and the Company entered into a settlement agreement resolving certain litigation between SuperCom and the Company pursuant to which SuperCom paid the Company $2,050 and agreed to pay the Company up to $1,500 in accordance with and subject to a certain earn-out mechanism.
Accumulated deficit						$ (220,245)			$ (216,832)
Short-term bank credit and current maturities of long-term bank loans						2,708			2,478
Short-term investments bank deposits						3,183
Short-term bank deposit pledged as security						$ 105			$ 105
Gross proceeds							$ 1,408
Shares, Issued (in Shares) | shares							7,040,000	1,040,000	5,460,000	2,500
Decrease of revenue, description						the main direct impact of the COVID-19 pandemic has been a decrease in the Company’s revenues derived from Mass Transit Ticketing sales in the Polish market. The revenues from this operation, that were relatively stable during the year preceding the COVID-19 outbreak, decreased by approximately $1,600 in the nine month period ended September 30, 2020, compared to the nine month period ended September 30, 2019, mainly due to the lockdown and other restrictions and consequences of the COVID-19 as started in March 2020.

Organization and Basis of Pre_4

Organization and Basis of Presentation (Details) - Schedule of the discontinued operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Schedule of the discontinued operations [Abstract]
Revenues
Expenses	(82)	(36)	(125)	(279)
Net loss from discontinued operations	$ (82)	$ (36)	$ (125)	$ (279)

Other Receivables and Prepaid_3

Other Receivables and Prepaid Expenses (Details) - Schedule of other receivables and prepaid expenses - USD ($) $ in Thousands		Sep. 30, 2020	Dec. 31, 2019
Schedule of other receivables and prepaid expenses [Abstract]
Government institutions		$ 239	$ 414
Prepaid expenses		173	224
Receivables under contractual obligations to be transferred to others	[1]	274	330
Supplier advances		267	544
Other receivables		228	310
Total other receivables and prepaid expenses		$ 1,181	$ 1,822
[1]	The Company’s subsidiary in Poland is required to collect certain fees that are to be transferred to local authorities.

Other Current Liabilities (Deta

Other Current Liabilities (Details) - Schedule of other current liabilities - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Schedule of other current liabilities [Abstract]
Employees and related expenses	$ 661	$ 613
Accrued expenses	789	887
Customer advances	84	111
Short-term liabilities due to operating leases and current maturities	867	686
Other current liabilities	138	757
Total other current liabilities	$ 2,539	$ 3,054

Short-Term and Long-Term Bank_2

Short-Term and Long-Term Bank Loans (Details) - USD ($)	May 11, 2020	Nov. 16, 2020	Sep. 30, 2020	Jun. 30, 2020
Short-Term and Long-Term Bank Loans (Textual)
Secured loan maturity date postpone, description	On May 11, 2020, based on Polish government regulations introduced in relation to the COVID-19 pandemic, ASEC S.A. (Spolka Akcyjna), the Polish subsidiary of the Company (hereinafter – “ASEC”), received the consent of PKO Bank Polski, a Polish bank (hereinafter – “the Lender”), to postpone the maturity date of a secured loan, provided to ASEC in May 2019, in the amount of $2,000, by six months to November 22, 2020, instead of May 23, 2020, as the loan agreement provided.
Secured loan	$ 2,000
LIBOR rate	1.80%
Long-term loan				$ 800
long-term bank loan				100
Current liabilities				$ 700
Long term loan repaid, description			The loan will be repaid in 24 monthly equal installments starting in July 2021. Depending on some scenarios, such as average number of employees and financial results, a portion of the loan may be forgiven. This loan is denominated in Polish Zloty and does not bear interest. In the event of breach by ASEC of any of the obligations, as mentioned in the loan agreement, the bank may terminate such agreement. In such a case, the long-term loan shall become due and payable within 14 business days from receipt of the notice of termination.
Subsequent Event [Member]
Short-Term and Long-Term Bank Loans (Textual)
Maturity date		Dec. 22, 2020

Leases (Details)

Leases (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended	12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Dec. 31, 2019
Leases (Details) [Line Items]
Right-of-use assets due to operating leases	$ 3,689		$ 3,689	$ 2,134
Right-of-use liabilities due to operating leases	3,669		3,669	2,169
Long-term liabilities due to operating leases, net of current maturities	2,802		2,802	1,483
Short-term liabilities due to operating leases and current maturities	$ 867		$ 867	686
Leases period, description			The remaining operating lease periods of the leases range from less than one year to ten years as of September 30, 2020.
Operating lease, term	3 years 36 days		3 years 36 days
Weighted average discount rate	5.00%		5.00%
Operating lease, cost	$ 285	$ 236	$ 823	$ 602
Yokneam, Israe [Member]
Leases (Details) [Line Items]
Right-of-use assets due to operating leases	1,696		1,696
Right-of-use liabilities due to operating leases	$ 1,704		$ 1,704
Leases period, description			The operating lease period of this office is five years (excluding the extension-period, as mentioned in the agreement). The total annual rent expenses of this building, including management fees and excluding construction costs-reimbursement payments, is approximately NIS 595 ($173) during the lease period and approximately NIS 654 ($190) during the extension-period, if extended. The construction costs-reimbursement payments are approximately NIS 2,913 ($847), out of which 50% will be paid during the lease period. If the Company leases this office during the extension-period of five years, the rest of the 50% costs-reimbursement payments will be paid during the extension-period. Otherwise, the rest of the 50% costs-reimbursement payments will be paid at the end of 2024.

Leases (Details) - Schedule of

Leases (Details) - Schedule of the maturities of operating lease liabilities for the next five years $ in Thousands	Sep. 30, 2020USD ($)
Schedule of the maturities of operating lease liabilities for the next five years [Abstract]
Remainder of 2020	$ 276
2021	1,052
2022	832
2023	522
2024	343
Thereafter	1,234
Total leases payments	4,259
Less - discount	590
Operating lease liabilities	$ 3,669

Commitments and Contingencies (

Commitments and Contingencies (Details) € in Thousands, $ in Thousands

Jun. 12, 2019

Jan. 08, 2019USD ($)

Jan. 26, 2020

Dec. 24, 2018

Oct. 25, 2017USD ($)

Oct. 25, 2017EUR (€)

Apr. 20, 2016

Feb. 21, 2016USD ($)

Oct. 31, 2013USD ($)

Oct. 31, 2013EUR (€)

Sep. 30, 2020USD ($)

Dec. 31, 2017USD ($)

Commitments and Contingencies (Textual)

Payment of interest plus and cost

$ (58)

€ 50

Legal claims

The said financial details refer to the quantity of smart driving licenses that Merwell claims were issued in the later period of a project in Tanzania in which Merwell claims to have provided services to the Company. Merwell claims that despite the Company’s failure to provide the details, Merwell obtained the details independently from other sources, and they indicate that the Company is obligated to pay Merwell an additional amount of approximately $1,618, and there might be additional amounts to be claimed in the future, as additional information might be found from time to time. On March 4, 2020, the Company submitted a response to this complementary claim, rejecting Merwell’s claims. On September 16, 2020, Merwell filed a request to amend the additional amount claimed from approximately $1,618 to approximately $3,012.

the Company’s favor and denied SuperCom’s claims. The arbitrator ordered SuperCom to disclose the financial information regarding the earn-out payments that the Company is entitled to receive, and to pay the Company accordingly, or otherwise pay the Company approximately $1,300 that reflects the maximum earn-out amount that has not yet been paid to the Company by SuperCom. The arbitration verdict was approved as a court’s verdict in June 2019, but SuperCom failed to disclose the financial information in the way it should have done according to the arbitration decision.

the purchaser of the Smart ID division, SuperCom Ltd. (“SuperCom”), and the Company entered into a settlement agreement resolving certain litigation between SuperCom and the Company pursuant to which SuperCom paid the Company $2,050 and agreed to pay the Company up to $1,500 in accordance with and subject to a certain earn-out mechanism.

Legal claims, description

a financial claim was filed against the Company and its then French subsidiary, Parx France (in this paragraph, together, the “Defendants”), in the Commercial Court of Paris, France (in this paragraph, the “Court”). The sum of the claim is €1,500 (approximately $1,755) and is based on the allegation that the plaintiff sustained certain losses in connection with Defendants not granting the plaintiff exclusive marketing rights to distribute and operate the Defendants’ PIAF Parking System in Paris and the Ile of France. On October 25, 2017, the Court issued its ruling in this matter dismissing all claims against the Company, but ordering Parx France to pay the plaintiff €50 ($58) plus interest in damages plus another approximately €5 ($6) in other fees and penalties. The Company offered to pay the amounts mentioned above to the plaintiff in consideration for not filing future appeals. The plaintiff rejected this offer and filed an appeal against Parx France and the Company claiming the sum of €503 ($588) plus interest and expenses.

a financial claim was filed against the Company and its then French subsidiary, Parx France (in this paragraph, together, the “Defendants”), in the Commercial Court of Paris, France (in this paragraph, the “Court”). The sum of the claim is €1,500 (approximately $1,755) and is based on the allegation that the plaintiff sustained certain losses in connection with Defendants not granting the plaintiff exclusive marketing rights to distribute and operate the Defendants’ PIAF Parking System in Paris and the Ile of France. On October 25, 2017, the Court issued its ruling in this matter dismissing all claims against the Company, but ordering Parx France to pay the plaintiff €50 ($58) plus interest in damages plus another approximately €5 ($6) in other fees and penalties. The Company offered to pay the amounts mentioned above to the plaintiff in consideration for not filing future appeals. The plaintiff rejected this offer and filed an appeal against Parx France and the Company claiming the sum of €503 ($588) plus interest and expenses.

Financial claim field | €

€ 503

Other fees and penalties

$ (6)

€ 5

Income

$ 1,600

Damages awarded value

$ 1,600

Settlement, description

Harel and the Company agreed to the offer of the Israeli Supreme Court, as made by way of settlement in which the Company will pay back to Harel the sum of NIS 1,907 (approximately $553) in three monthly equal installments starting February 26, 2020. Accordingly, the Company recorded loss of $71 and $482 within the net loss from continuing operations and within the net loss from discontinued operations, respectively, in the fourth quarter of 2019.

Guarantees to secure customer advances

$ 505

Guarantees expiration dates, description

The expiration dates of these guarantees range from January 2021 to May 2024.

Merwell Inc. [Member]

Commitments and Contingencies (Textual)

Payment of interest plus and cost

$ 1,370

French Company [Member]

Commitments and Contingencies (Textual)

Financial claim field

$ 1,755

€ 1,500

Merwell Inc. [Member]

Commitments and Contingencies (Textual)

Outstanding commissions arbitration

$ 855

Accounts receivable, description

In order to collect the award, Merwell filed a motion against the Company and the Nazareth District Court issued a judgment requiring the Company to pay Merwell an amount of NIS 5,080 (approximately $1,370) that was paid by the Company on January 8, 2019.

Revenues (Details) - Schedule o

Revenues (Details) - Schedule of disaggregation of revenue - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Disaggregation of Revenue
Cashless payment products	[1]	$ 1,999	$ 1,697	$ 6,311	$ 4,437
Sales of products	[2],[3]	632	652	3,620	2,085
Licensing fees, transaction fees and services	[2],[4]	1,006	1,516	3,010	4,472
Total		1,638	2,168	6,630	6,557
Total revenues		3,637	3,865	12,941	10,994
Retail and Mass Transit Ticketing [Member]
Disaggregation of Revenue
Cashless payment products	[1]	1,999	1,697	6,311	4,437
Sales of products	[2],[3]	103	49	2,216	646
Licensing fees, transaction fees and services	[2],[4]	779	1,189	2,379	3,522
Total		882	1,238	4,595	4,168
Total revenues		2,881	2,935	10,906	8,605
Petroleum [Member]
Disaggregation of Revenue
Cashless payment products	[1]
Sales of products	[2],[3]	529	603	1,404	1,439
Licensing fees, transaction fees and services	[2],[4]	227	327	631	950
Total		756	930	2,035	2,389
Total revenues		$ 756	$ 930	$ 2,035	$ 2,389
[1]	Cashless payment products – The performance obligation is the selling of contactless payment products. Most of those products are Near Field Communication (NFC) readers. For such sales the performance obligation, transfer of control and revenue recognition occur when the products are delivered.
[2]	Complete cashless payment solutions – The complete solution includes selling of products and complementary services, as follows: 1. Sales of products – ● Selling of contactless payment products (see A above) together with payment gateways and machine-to-machine controllers. ● Selling of petroleum payment solutions including site and vehicle equipment. For such sales, the performance obligation, transfer of control and revenue recognition occur when the products are delivered. 2. Licensing fees, transaction fees and services - The types of arrangements and their main performance obligations are as follows: ● To provide terminal management system licensing for software that is responsible for remote terminal management and cloud-based software licensing which provide data insights. For such services, the revenue recognition occurs as the services are rendered since the performance obligation is satisfied over time. ● To enable loading and sale of electronic contactless and paper cards. For such transaction fees, the revenue recognition occurs on the transaction date. ● To provide technical and customer services for products. For such services, the performance obligation is satisfied over time and therefore revenue recognition occurs as the services are rendered.
[3]	Sales of products – ● Selling of contactless payment products (see A above) together with payment gateways and machine-to-machine controllers. ● Selling of petroleum payment solutions including site and vehicle equipment. For such sales, the performance obligation, transfer of control and revenue recognition occur when the products are delivered.
[4]	Licensing fees, transaction fees and services - The types of arrangements and their main performance obligations are as follows: ● To provide terminal management system licensing for software that is responsible for remote terminal management and cloud-based software licensing which provide data insights. For such services, the revenue recognition occurs as the services are rendered since the performance obligation is satisfied over time. ● To enable loading and sale of electronic contactless and paper cards. For such transaction fees, the revenue recognition occurs on the transaction date. ● To provide technical and customer services for products. For such services, the performance obligation is satisfied over time and therefore revenue recognition occurs as the services are rendered.

Revenues (Details) - Schedule_2

Revenues (Details) - Schedule of contract balances - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Schedule of contract balances [Abstract]
Trade receivables, net of allowance for doubtful accounts	$ 2,824	$ 2,430
Customer advances	$ 84	$ 111

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
air Value of Financial Instruments (Textual)
Short-term bank deposits	$ 605	$ 2,305
Short-term bank deposit pledged as security	$ 105	$ 105

Equity (Details)

Equity (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended		3 Months Ended				6 Months Ended	9 Months Ended
	Jan. 31, 2020	Dec. 31, 2019	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Sep. 30, 2019	Dec. 31, 2019	Sep. 30, 2020	Sep. 30, 2019	Apr. 30, 2020	Dec. 23, 2019
Equity (Textual)
Share purchase agreement (in Shares)	1,040,000	5,460,000					5,460,000			7,040,000	2,500
Aggregate gross proceeds	$ 208	$ 1,092
Issuance costs				$ 31				$ 39
Shares capital Agreement								The issuance of the remaining 6,000,000 ordinary shares (hereinafter – the “Subsequent Closing”) for aggregate gross proceeds of $1,200 took place in April 2020, following the approval by the Company’s shareholders on April 14, 2020, of the resolutions detailed below, that were required for the consummation of the Subsequent Closing under the Agreement and the applicable law: (i) an increase in the number of the ordinary shares authorized for issuance from 50,000,000 to 100,000,000; (ii) the issuance of the ordinary shares to Ivy following which Ivy will hold 25% or more of the total voting rights at general meetings of the shareholders of the Company; and (iii) the election of the representative designated by Ivy to the Company’s Board of Directors.
Stock-based compensation expenses			$ 13			$ 6		$ 41	$ 96
Stock options and warrants outstanding (in Shares)								1,516,500	1,262,331
Options granted (in Shares)								814,000
Non Employees [Member]
Equity (Textual)
Options granted (in Shares)									30,000
Private Placement [Member]
Equity (Textual)
Share purchase agreement (in Shares)											12,500,000
Stock option plans [Member]
Equity (Textual)
Weighted average fair value of options granted (in Dollars per share)								$ 0.12	$ 0.2
Aggregate intrinsic value of outstanding options		$ 0	113				$ 0	$ 113
Aggregate intrinsic value of exercisable options						$ 0			$ 0
Unrecognized compensation cost			$ 126					$ 126
Unrecognized compensation cost, weighted-average period								1 year 131 days
Common Stock [Member]
Equity (Textual)
Issuance costs					$ 8		$ 111

Equity (Details) - Schedule of

Equity (Details) - Schedule of black-scholes model and assumptions	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Schedule of black-scholes model and assumptions [Abstract]
Expected dividend yield	0.00%	0.00%
Expected volatility	107.00%	79.00%
Risk-free interest rate	0.36%	2.07%
Expected life - in years	2 years 178 days	2 years 160 days

Equity (Details) - Schedule o_2

Equity (Details) - Schedule of stock options activity - $ / shares	9 Months Ended
	Sep. 30, 2020	Dec. 31, 2019
Schedule of stock options activity [Abstract]
Outstanding - Beginning Balance	809,000
Outstanding - Beginning Balance	$ 0.93
Options granted	814,000
Options granted	$ 0.24
Options expired or forfeited	(106,500)
Options expired or forfeited	$ 0.81
Outstanding - Ending Balance	1,516,500
Outstanding - Ending Balance	$ 0.57
Exercisable as of:
Number of options outstanding, exercisable shares	518,990	505,657
Weighted average exercise price per share, exercisable	$ 1	$ 1.06

Equity (Details) - Schedule o_3

Equity (Details) - Schedule of options outstanding and exercisable	9 Months Ended
	Sep. 30, 2020$ / sharesshares
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number Outstanding | shares (in Shares) | shares	1,516,500
Weighted average remaining contractual life (years)	3 years 109 days
Number outstanding | shares (in Shares) | shares	518,990
Weighted average remaining contractual life (years)	1 year 171 days
Excercise Price Range One [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise price, lower limit	$ 0.28
Exercise price, upper limit	$ 0.90
Number Outstanding | shares (in Shares) | shares	1,090,500
Weighted average remaining contractual life (years)	4 years 7 days
Weighted Average Exercise Price	$ 0.34
Number outstanding | shares (in Shares) | shares	149,328
Weighted average remaining contractual life (years)	1 year 281 days
Weighted Average Exercise Price	$ 0.67
Excercise Price Range Two [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise price, lower limit	1.07
Exercise price, upper limit	$ 1.68
Number Outstanding | shares (in Shares) | shares	426,000
Weighted average remaining contractual life (years)	1 year 164 days
Weighted Average Exercise Price	$ 1.14
Number outstanding | shares (in Shares) | shares	369,662
Weighted average remaining contractual life (years)	1 year 127 days
Weighted Average Exercise Price	$ 1.13

Operating Segments (Details)

Operating Segments (Details)	9 Months Ended
	Sep. 30, 2020
Operating Segments (Textual)
Number of reportable segments	2

Operating Segments (Details) -

Operating Segments (Details) - Schedule of information regarding results of each reportable segment - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenues		$ 3,637	$ 3,865	$ 12,941	$ 10,994
Reportable segment gross profit	[1]	1,702	1,895	6,144	6,312
Depreciation		(207)	(190)	(582)	(588)
Stock-based compensation		(1)	(1)	(3)	(3)
Gross profit for the period in the consolidated financial statement		1,495	1,704	5,561	5,721
Retail and Mass Transit Ticketing [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenues		755	929	2,035	2,388
Reportable segment gross profit	[1]	309	310	896	1,106
Petroleum [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenues		2,882	2,936	10,906	8,606
Reportable segment gross profit	[1]	$ 1,393	$ 1,585	$ 5,248	$ 5,206
[1]	Gross profit as reviewed by the CODM, represents gross profit, adjusted to exclude depreciation and stock-based compensation.