PowerFleet (AIOT) 10-Q 13 Nov 20 2020 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2020	Nov. 11, 2020
Cover [Abstract]
Entity Registrant Name	PowerFleet, Inc.
Entity Central Index Key	0001774170
Document Type	10-Q
Document Period End Date	Sep. 30, 2020
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business Flag	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		31,100,944
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2020

Condensed Balance Sheets

Condensed Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019	[1]
ASSETS
Cash and cash equivalents	$ 21,077	$ 16,395
Restricted cash	308	308
Accounts receivable, net of allowance for doubtful accounts of $2,004 and $2,181 in 2019 and 2020, respectively	23,705	27,016
Inventory, net	14,354	16,381
Deferred costs - current	3,292	3,720
Prepaid expenses and other current assets	5,960	7,370
Total current assets	68,696	71,190
Deferred costs - less current portion	2,830	4,810
Fixed assets, net	7,425	8,240
Goodwill	88,872	89,068
Intangible assets, net	32,608	36,639
Right of use asset	7,514	7,024
Severance payable fund	3,618	3,530
Other assets	2,784	2,532
Total assets	214,347	223,033
Current liabilities:
Short-term bank debt and current maturities of long-term debt	5,150	3,373
Convertible note payable	5,000	5,000
Accounts payable and accrued expenses	19,153	24,880
Deferred revenue - current	7,385	7,687
Lease liability - current	1,558	2,460
Total current liabilities	38,246	43,400
Long-term debt, less current maturities	22,933	26,515
Deferred revenue - less current portion	6,703	8,544
Lease liability - less current portion	6,115	4,779
Accrued severance payable	4,287	4,062
Deferred tax liability	4,992	3,791
Other long-term liabilities	736	369
Total liabilities	84,012	91,460
MEZZANINE EQUITY
Convertible redeemable Preferred stock: Series A - 100 shares authorized, $0.01 par value; 51 and 54 shares issued and outstanding at December 31, 2019 and September 30, 2020	50,815	47,393
STOCKHOLDERS' EQUITY
Preferred stock; authorized 50 shares, $0.01 par value;
Common stock; authorized 75,000 shares, $0.01 par value; 30,804 and 32,233 shares issued at December 31, 2019 and September 30, 2020, respectively; shares outstanding, 29,743 and 31,090 at December 31, 2019 and September 30, 2020, respectively	322	308
Additional paid-in capital	206,302	201,813
Accumulated deficit	(118,785)	(112,143)
Accumulated other comprehensive gain (loss)	(1,677)	265
Treasury stock; 1,061 and 1,143 common shares at cost at December 31, 2019 and September 30, 2020, respectively	(6,607)	(6,053)
Total PowerFleet, Inc. stockholders' equity	79,555	84,190
Non-controlling interest	(35)	(10)
Total equity	79,520	84,180
Total liabilities and stockholders' equity	$ 214,347	$ 223,033
[1]	Derived from audited balance sheet as of December 31, 2019.

Condensed Balance Sheets (Paren

Condensed Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Allowance for doubtful accounts, accounts receivable current	$ 2,181	$ 2,004
Series A Convertible redeemable preferred stock, shares authorized	100,000	100,000
Series A Convertible redeemable preferred stock, par value	$ 0.01	$ 0.01
Series A Convertible redeemable preferred stock, shares issued	54,000	51,000
Series A Convertible redeemable preferred stock, shares outstanding	54,000	51,000
Preferred stock, shares authorized	150,000	50,000
Preferred stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	75,000,000	75,000,000
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares issued	32,233,000	30,804,000
Common stock, shares outstanding	31,090,000	29,743,000
Treasury stock, shares	1,143,000	1,061,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Revenues
Total revenues	$ 27,602	$ 16,884	$ 84,166	$ 46,769
Cost of revenue:
Total Cost of revenue	12,679	9,254	40,334	25,050
Gross profit	14,923	7,630	43,832	21,719
Operating expenses:
Selling, general and administrative expenses	11,636	6,321	38,905	18,424
Research and development expenses	2,535	1,824	8,289	5,508
Acquisition-related expenses		1,611		4,673
Total Operating expenses	14,171	9,756	47,194	28,605
Loss from operations	752	(2,126)	(3,362)	(6,886)
Interest income	10	37	41	110
Interest expense	(817)	(10)	(2,156)	(56)
Other (expense) income, net			7	(46)
Net loss before income taxes	(55)	(2,099)	(5,470)	(6,878)
Income taxes	(529)		(1,182)
Net loss before non-controlling interest	(584)	(2,099)	(6,652)	(6,878)
Non-controlling interest	(6)		10
Preferred stock dividends	(1,159)		(3,422)
Net loss attributable to common stockholders	$ (1,749)	$ (2,099)	$ (10,064)	$ (6,878)
Net loss per share - basic and diluted	$ (0.06)	$ (0.12)	$ (0.34)	$ (0.39)
Weighted average common shares outstanding - basic and diluted	30,143,000	17,929,000	29,528,000	17,744,000
Products [Member]
Revenues
Total revenues	$ 10,914	$ 11,062	$ 33,516	$ 28,954
Cost of revenue:
Total Cost of revenue	6,700	7,227	22,025	18,528
Services [Member]
Revenues
Total revenues	16,688	5,822	50,650	17,815
Cost of revenue:
Total Cost of revenue	$ 5,979	$ 2,027	$ 18,309	$ 6,522

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Statement of Comprehensive Income [Abstract]
Net loss attributable to common stockholders	$ (1,749)	$ (2,099)	$ (10,064)	$ (6,878)
Other comprehensive (loss) income, net:
Unrealized (loss) gain on investments				9
Reclassification of net realized investment loss (gain) included in net loss				38
Foreign currency translation adjustment	(22)	191	(1,942)	133
Total other comprehensive income (loss)	(22)	191	(1,942)	180
Comprehensive loss	$ (1,771)	$ (1,908)	$ (12,006)	$ (6,698)

Condensed Consolidated Statem_3

Condensed Consolidated Statement of Changes in Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Treasury Stock [Member]	Non-controlling Interest [Member]	Total
Balance at Dec. 31, 2018	$ 192	$ 138,693	$ (101,180)	$ (435)	$ (5,736)		$ 31,534
Balance, shares at Dec. 31, 2018	19,178,000
Net loss attributable to common stockholders			(2,194)				(2,194)
Foreign currency translation adjustment				(12)			(12)
Issuance of restricted shares	$ 1	(1)
Issuance of restricted shares, shares	81,000
Reclassification of unrealized losses on investments				47			47
Shares repurchased pursuant to vesting of restricted stock					(226)		(226)
Stock based compensation		583					583
Shares issued pursuant to exercise of stock options
Shares issued pursuant to exercise of stock options, shares
Shares issued related to Keytroller acquisition consideration
Shares issued related to Keytroller acquisition consideration shares
Shares issued pursuant to acquisition
Shares issued pursuant to acquisition shares
Forfeiture of restricted shares
Forfeiture of restricted shares, shares
Net income (loss) attributable to non-controlling interest
Vesting of restricted stock units
Vesting of restricted stock units, shares
Other
Shares withheld pursuant to exercise of stock options
Shares withheld pursuant to vesting of restricted stock
Common shares issued under the 2020 ATM
Common shares issued under the 2020 ATM,shares
Balance at Mar. 31, 2019	$ 193	$ 139,275	$ (103,374)	$ (400)	$ (5,962)		$ 29,732
Balance, shares at Mar. 31, 2019	19,259,000
Balance at Dec. 31, 2018	$ 192	138,693	(101,180)	(435)	(5,736)		31,534
Balance, shares at Dec. 31, 2018	19,178,000
Net loss attributable to common stockholders							(6,878)
Balance at Sep. 30, 2019	$ 197	141,753	(108,058)	(255)	(6,027)		27,610
Balance, shares at Sep. 30, 2019	19,653,000
Balance at Mar. 31, 2019	$ 193	139,275	(103,374)	(400)	(5,962)		29,732
Balance, shares at Mar. 31, 2019	19,259,000
Net loss attributable to common stockholders			(2,585)				(2,585)
Foreign currency translation adjustment				(46)			(46)
Issuance of restricted shares	$ 2	(2)
Issuance of restricted shares, shares	164,000
Reclassification of unrealized losses on investments
Shares repurchased pursuant to vesting of restricted stock					(19)		(19)
Stock based compensation		601					601
Shares issued pursuant to exercise of stock options		177					177
Shares issued pursuant to exercise of stock options, shares	50,000
Shares issued related to Keytroller acquisition consideration
Shares issued related to Keytroller acquisition consideration shares
Shares issued pursuant to acquisition
Shares issued pursuant to acquisition shares
Forfeiture of restricted shares
Forfeiture of restricted shares, shares
Net income (loss) attributable to non-controlling interest
Vesting of restricted stock units
Vesting of restricted stock units, shares
Other
Shares withheld pursuant to exercise of stock options
Shares withheld pursuant to vesting of restricted stock
Common shares issued under the 2020 ATM
Common shares issued under the 2020 ATM,shares
Balance at Jun. 30, 2019	$ 195	$ 140,051	$ (105,959)	$ (446)	$ (5,981)		$ 27,860
Balance, shares at Jun. 30, 2019	19,473,000
Net loss attributable to common stockholders			(2,099)				(2,099)
Foreign currency translation adjustment				191			191
Issuance of restricted shares	$ 1	(1)
Issuance of restricted shares, shares	10,000
Shares repurchased pursuant to vesting of restricted stock					(46)		(46)
Stock based compensation		548					548
Shares issued pursuant to exercise of stock options
Shares issued pursuant to exercise of stock options, shares
Shares issued related to Keytroller acquisition consideration	$ 1	$ 999					$ 1,000
Shares issued related to Keytroller acquisition consideration shares	148,000
Shares issued pursuant to acquisition		156					156
Shares issued pursuant to acquisition shares	27,000
Forfeiture of restricted shares
Forfeiture of restricted shares, shares	(5,000)
Net income (loss) attributable to non-controlling interest
Vesting of restricted stock units
Vesting of restricted stock units, shares
Other
Shares withheld pursuant to exercise of stock options
Shares withheld pursuant to vesting of restricted stock
Common shares issued under the 2020 ATM
Common shares issued under the 2020 ATM,shares
Balance at Sep. 30, 2019	$ 197	$ 141,753	$ (108,058)	$ (255)	$ (6,027)		$ 27,610
Balance, shares at Sep. 30, 2019	19,653,000
Balance at Dec. 31, 2019	$ 308	201,813	(112,143)	265	(6,053)	(10)	84,180	[1]
Balance, shares at Dec. 31, 2019	30,804,000
Net loss attributable to common stockholders		(1,123)	(3,426)				(4,549)
Foreign currency translation adjustment				(2,326)		(20)	(2,346)
Issuance of restricted shares
Issuance of restricted shares, shares	40,000
Shares repurchased pursuant to vesting of restricted stock
Stock based compensation		1,155					1,155
Shares issued pursuant to exercise of stock options	$ 1	$ 382					$ 383
Shares issued pursuant to exercise of stock options, shares	90,000
Shares issued related to Keytroller acquisition consideration
Shares issued related to Keytroller acquisition consideration shares
Shares issued pursuant to acquisition
Shares issued pursuant to acquisition shares
Forfeiture of restricted shares
Forfeiture of restricted shares, shares	(32,000)
Net income (loss) attributable to non-controlling interest						(15)	(15)
Vesting of restricted stock units	$ 1	(1)
Vesting of restricted stock units, shares	110,000
Other		62					62
Shares withheld pursuant to exercise of stock options					$ (256)		$ (256)
Shares withheld pursuant to vesting of restricted stock					(232)		(232)
Common shares issued under the 2020 ATM
Common shares issued under the 2020 ATM,shares
Balance at Mar. 31, 2020	$ 310	202,288	(115,569)	(2,061)	(6,541)	(45)	78,382
Balance, shares at Mar. 31, 2020	31,012,000
Balance at Dec. 31, 2019	$ 308	201,813	(112,143)	265	(6,053)	(10)	84,180	[1]
Balance, shares at Dec. 31, 2019	30,804,000
Net loss attributable to common stockholders							(10,064)
Balance at Sep. 30, 2020	$ 322	206,302	(118,785)	(1,677)	(6,607)	(35)	79,520
Balance, shares at Sep. 30, 2020	32,233,000
Balance at Mar. 31, 2020	$ 310	202,288	(115,569)	(2,061)	(6,541)	(45)	78,382
Balance, shares at Mar. 31, 2020	31,012,000
Net loss attributable to common stockholders		(1,140)	(2,626)				(3,766)
Foreign currency translation adjustment				406		2	408
Issuance of restricted shares	$ 3	$ (3)
Issuance of restricted shares, shares	276,000
Shares repurchased pursuant to vesting of restricted stock
Stock based compensation		1,012					1,012
Shares issued pursuant to exercise of stock options	$ 1	$ 215					$ 216
Shares issued pursuant to exercise of stock options, shares	50,000
Shares issued related to Keytroller acquisition consideration
Shares issued related to Keytroller acquisition consideration shares
Shares issued pursuant to acquisition
Shares issued pursuant to acquisition shares
Forfeiture of restricted shares
Forfeiture of restricted shares, shares	(12,000)
Net income (loss) attributable to non-controlling interest						(1)	(1)
Vesting of restricted stock units
Vesting of restricted stock units, shares	17,000
Other
Shares withheld pursuant to exercise of stock options
Shares withheld pursuant to vesting of restricted stock					(16)		(16)
Common shares issued under the 2020 ATM	$ 8	$ 4,033					$ 4,041
Common shares issued under the 2020 ATM,shares	810,000
Balance at Jun. 30, 2020	$ 322	206,405	(118,195)	(1,655)	(6,557)	(44)	80,276
Balance, shares at Jun. 30, 2020	32,153,000
Net loss attributable to common stockholders		(1,159)	(590)				(1,749)
Foreign currency translation adjustment				(22)		3	(19)
Issuance of restricted shares	$ 1	$ (1)
Issuance of restricted shares, shares	126,000
Shares repurchased pursuant to vesting of restricted stock
Stock based compensation		1,028					1,028
Shares issued pursuant to exercise of stock options		$ 28					$ 28
Shares issued pursuant to exercise of stock options, shares	5,000
Shares issued related to Keytroller acquisition consideration
Shares issued related to Keytroller acquisition consideration shares
Shares issued pursuant to acquisition
Shares issued pursuant to acquisition shares
Forfeiture of restricted shares	$ (1)	$ 1
Forfeiture of restricted shares, shares	(55,000)
Net income (loss) attributable to non-controlling interest						$ 6	$ 6
Vesting of restricted stock units
Vesting of restricted stock units, shares	4,000
Shares withheld pursuant to exercise of stock options
Shares withheld pursuant to vesting of restricted stock					(50)		(50)
Common shares issued under the 2020 ATM
Common shares issued under the 2020 ATM,shares
Balance at Sep. 30, 2020	$ 322	$ 206,302	$ (118,785)	$ (1,677)	$ (6,607)	$ (35)	$ 79,520
Balance, shares at Sep. 30, 2020	32,233,000
[1]	Derived from audited balance sheet as of December 31, 2019.

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020		Sep. 30, 2019
Cash flows from operating activities:
Net loss before non-controlling interest	$ (6,652)		$ (6,878)
Adjustments to reconcile net loss to cash (used in) provided by operating activities:
Inventory reserve	189		156
Stock based compensation expense	3,078		1,732
Depreciation and amortization	6,159		1,299
Right-of-use assets, non-cash lease expense	2,129		526
Change in contingent consideration			54
Bad debt expense	309		155
Deferred income taxes	1,182
Other non-cash items	(55)		22
Changes in:
Accounts receivable	2,290		(4,537)
Inventory	1,318		(5,069)
Prepaid expenses and other assets	1,546		754
Deferred costs	2,408		(266)
Deferred revenue	(2,695)		26
Accounts payable and accrued expenses	(3,790)		8,306
Lease liabilities	(2,218)		(585)
Accrued severance payable, net	95
Net cash (used in) provided by operating activities	5,293		(4,305)
Cash flows from investing activities:
Acquisitions, net of cash assumed			(4,350)
Proceeds from sale of property and equipment	55
Capital expenditures	(2,101)		(501)
Purchases of investments			(99)
Proceeds from the sale and maturities of investments			4,638
Net cash used in investing activities	(2,046)		(312)
Cash flows from financing activities:
Net proceeds from stock offering	4,041
Repayment of long-term debt	(1,495)
Short-term bank credit, net	(290)
Proceeds from exercise of stock options	371		177
Purchase of treasury stock upon vesting of restricted stock	(298)		(291)
Net cash (used in) provided by financing activities	2,329		(114)
Effect of foreign exchange rate changes on cash and cash equivalents	(894)		132
Net (decrease) increase in cash, cash equivalents and restricted cash	4,682		(4,599)
Cash, cash equivalents and restricted cash - beginning of period	16,703		10,466
Cash, cash equivalents and restricted cash - end of period	21,385		5,867
Reconciliation of cash, cash equivalents, and restricted cash, beginning of period
Cash and cash equivalents	16,395	[1]	10,159
Restricted cash	308	[1]	307
Cash, cash equivalents, and restricted cash, beginning of period	16,703		10,466
Cash and cash equivalents	21,077		5,560
Restricted cash	308		307
Cash, cash equivalents, and restricted cash, end of period	21,385		5,867
Cash paid for:
Taxes	42
Interest	1,463		56
Noncash investing and financing activities:
Unrealized (loss) gain on investments			47
Value of shares withheld pursuant to exercise of stock options	256
Value of shares issued relating to Keytroller acquisition consideration			1,000
Value of shares issued pursuant to CarrierWeb Ireland acquisition			156
CarrierWeb Ireland acquisition related holdback			$ 250
[1]	Derived from audited balance sheet as of December 31, 2019.

Description of the Company and

Description of the Company and Basis of Presentation	9 Months Ended
	Sep. 30, 2020
Accounting Policies [Abstract]
Description of the Company and Basis of Presentation	NOTE 1 - DESCRIPTION OF THE COMPANY AND BASIS OF PRESENTATION Description of the Company As described more fully in Note 4, on October 3, 2019, PowerFleet, Inc. (together with its subsidiaries, “PowerFleet,” the “Company,” “we,” “our” or “us”) completed the Transactions (as defined below) contemplated by (i) the Agreement and Plan of Merger, dated as of March 13, 2019 (the “Merger Agreement”), by and among I.D. Systems, Inc., a Delaware corporation (“I.D. Systems”), the Company, Pointer Telocation Ltd., a private company limited by shares formed under the laws of the State of Israel (“Pointer”), PowerFleet Israel Ltd. (f/k/a Powerfleet Israel Holding Company Ltd.), a private company limited by shares formed under the laws of the State of Israel and a wholly-owned subsidiary of the Company (“PowerFleet Israel”), and Powerfleet Israel Acquisition Company Ltd., a private company limited by shares formed under the laws of the State of Israel and a wholly-owned subsidiary of PowerFleet Israel prior to the Transactions (“Pointer Merger Sub”), and (ii) the Investment and Transaction Agreement, dated as of March 13, 2019, as amended by Amendment No. 1 thereto dated as of May 16, 2019, Amendment No. 2 thereto dated as of June 27, 2019 and Amendment No. 3 thereto dated as of October 3, 2019 (the “Investment Agreement,” and together with the Merger Agreement, the “Agreements”), by and among I.D. Systems, the Company, PowerFleet US Acquisition Inc., a Delaware corporation and a wholly-owned subsidiary of the Company prior to the Transactions (“I.D. Systems Merger Sub”), and ABRY Senior Equity V, L.P., ABRY Senior Equity Co-Investment Fund V, L.P. and ABRY Investment Partnership, L.P. (the “Investors”), affiliates of ABRY Partners II, LLC. As a result of the transactions contemplated by the Agreements (the “Transactions”), I.D. Systems and PowerFleet Israel each became direct, wholly-owned subsidiaries of the Company and Pointer became an indirect, wholly-owned subsidiary of the Company. Prior to the Transactions, PowerFleet had no material assets, did not operate any business and did not conduct any activities, other than those incidental to its formation and matters contemplated by the Agreements. I.D. Systems was determined to be the accounting acquirer in the Transactions. As a result, the historical financial statements of I.D. Systems for the periods prior to the Transactions are considered to be the historical financial statements of PowerFleet and the results of Pointer have been included in the Company’s consolidated financial statements from the date of the Transactions. The Company is a global leader and provider of subscription-based wireless Internet-of-Things (IoT) and machine-to-machine (M2M) solutions for securing, controlling, tracking, and managing high-value enterprise assets such as industrial trucks, tractor trailers, containers, cargo, and vehicles and truck fleets. I.D. Systems, Inc. was incorporated in the State of Delaware in 1993. PowerFleet, Inc. was incorporated in the State of Delaware in February 2019 for the purpose of effectuating the Transactions and commenced operations on October 3, 2019, upon the closing of the Transactions. Impact of COVID-19 The global outbreak of a novel strain of coronavirus, COVID-19, and mitigation efforts by governments to attempt to control its spread, has resulted in significant economic disruption and continues to adversely impact the broader global economy. The extent of the impact on the Company’s business and financial results will depend largely on future developments that cannot be accurately predicted at this time, including the duration of the spread of the outbreak, the extent and effectiveness of containment actions and the impact of these and other factors on capital and financial markets and the related impact on the financial circumstances of our employees, customers and suppliers. As of the date of these unaudited interim condensed consolidated financial statements, the full extent to which the COVID-19 pandemic may materially impact the Company’s business, results of operations and financial condition is uncertain. Basis of presentation The unaudited interim condensed consolidated financial statements include the accounts of the Company and its wholly-owned and majority-owned subsidiaries. All material intercompany balances and transactions have been eliminated in consolidation. The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and 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. In the opinion of management, such statements include all adjustments (consisting only of normal recurring items) which are considered necessary for a fair presentation of the consolidated financial position of the Company as of September 30, 2020, the consolidated results of its operations for the three- and nine-month periods ended September 30, 2019 and 2020, the consolidated change in stockholders’ equity for the three-month periods ended March 31, June 30, and September 30, 2019 and 2020 and the consolidated cash flows for the nine-month periods ended September 30, 2019 and 2020. The results of operations for the three- and nine-month periods ended September 30, 2020 are not necessarily indicative of the operating results for the full year. These financial statements should be read in conjunction with the audited consolidated financial statements and related disclosures for the year ended December 31, 2019 included in the Company’s Annual Report on Form 10-K for the year then ended. Liquidity As of September 30, 2020, the Company had cash and cash equivalents of $21,077 and working capital of $30,450. The Company’s primary sources of cash are cash flows from operating activities, its holdings of cash, cash equivalents and investments from the sale of its capital stock and borrowings under its credit facility. To date, the Company has not generated sufficient cash flows solely from operating activities to fund its operations. In addition, PowerFleet Israel and Pointer are party to a Credit Agreement (the “Credit Agreement”) with Bank Hapoalim B.M. (“Hapoalim”), pursuant to which Hapoalim provided PowerFleet Israel with two senior secured term loan facilities in an aggregate principal amount of $30,000 (comprised of two facilities in the aggregate principal amount of $20,000 and $10,000) and a five-year revolving credit facility to Pointer in an aggregate principal amount of $10,000. The proceeds of the term loan facilities were used to finance a portion of the cash consideration payable in the Company’s acquisition of Pointer. The proceeds of the revolving credit facility may be used by Pointer for general corporate purposes. The Company has not borrowed under the revolving credit facility as of September 30, 2020. See Note 12 for additional information. The Company has on file a shelf registration statement on Form S-3 that was declared effective by the Securities and Exchange Commission (the “SEC”) on November 27, 2019. Pursuant to the shelf registration statement, the Company may offer to the public from time to time, in one or more offerings, up to $60,000 of its common stock, preferred stock, warrants, debt securities, and units, or any combination of the foregoing, at prices and on terms to be determined at the time of any such offering. The specific terms of any future offering will be determined at the time of the offering and described in a prospectus supplement that will be filed with the SEC in connection with such offering. On May 14, 2020, we entered into an equity distribution agreement (the “Sales Agreement”) with Canaccord Genuity LLC, (“Canaccord”), pursuant to which we may offer and sell, from time to time, through an “at-the-market offering” program, with Canaccord as sales agent, shares of our common stock having an aggregate offering price of up to $25 million. On August 4, 2020, we provided written notice to Canaccord of our election to terminate the Sales Agreement. The termination was effective as of August 14, 2020. See Note 14 for additional information. The Company believes that its available working capital, anticipated level of future revenues and expected cash flows from operations will provide sufficient funds to cover capital requirements through at least November 14, 2021.

Use of Estimates

Use of Estimates	9 Months Ended
	Sep. 30, 2020
Capital Leases Future Minimum Payments Receivable Noncurrent
Use of Estimates	NOTE 2 – USE OF ESTIMATES The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company continually evaluates estimates used in the preparation of the financial statements for reasonableness. The most significant estimates relate to measurements of fair value of assets acquired and liabilities assumed, realization of deferred tax assets, the impairment of tangible and intangible assets, the assessment of the Company’s incremental borrowing rate used to determine its right-of-use asset and lease liability, deferred revenue and stock-based compensation costs. Actual results could differ from those estimates. As of September 30, 2020, the impact of the outbreak of COVID-19 continues to unfold. As a result, many of our estimates and assumptions required increased judgment and carry a higher degree of variability and volatility. As events continue to evolve and additional information becomes available, our estimates may change materially in future periods.

Cash and Cash Equivalents

Cash and Cash Equivalents	9 Months Ended
	Sep. 30, 2020
Cash and Cash Equivalents [Abstract]
Cash and Cash Equivalents	NOTE 3 – CASH AND CASH EQUIVALENTS The Company considers all highly liquid debt instruments with an original maturity of three months or less when purchased to be cash equivalents unless they are legally or contractually restricted. The Company’s cash and cash equivalent balances exceed Federal Deposit Insurance Corporation (FDIC) and other local jurisdictional limits. Restricted cash at December 31, 2019 and September 30, 2020 consists of cash held in escrow for purchases from a vendor.

Acquisitions

Acquisitions	9 Months Ended
	Sep. 30, 2020
Business Combinations [Abstract]
Acquisitions	NOTE 4 - ACQUISITIONS Pointer Transactions On October 3, 2019 (the “Closing Date”), in connection with the completion of the Transactions and pursuant to the terms of the Investment Agreement, I.D. Systems reorganized into a new holding company structure by merging I.D. Systems Merger Sub with and into I.D. Systems (the “I.D. Systems Merger”), with I.D. Systems surviving as a direct, wholly-owned subsidiary of PowerFleet. Also on October 3, 2019, pursuant to the terms of the Merger Agreement, Pointer Merger Sub merged with and into Pointer (the “Pointer Merger”), with Pointer surviving as a direct, wholly-owned subsidiary of PowerFleet Israel and an indirect, wholly-owned subsidiary of PowerFleet. As a result of the Transactions, I.D. Systems and PowerFleet Israel each became direct, wholly-owned subsidiaries of PowerFleet and Pointer became an indirect, wholly-owned subsidiary of PowerFleet. In addition, as a result of the Transactions, PowerFleet became a publicly traded corporation and former I.D. Systems stockholders and former Pointer shareholders received common stock of PowerFleet. I.D. Systems common stock ceased trading on the Nasdaq Global Market and Pointer ordinary shares ceased trading on the Nasdaq Capital Market and the Tel Aviv Stock Exchange (“TASE”), following the close of trading on October 2, 2019 and at the effectiveness of the Pointer Merger on October 3, 2019, respectively, and PowerFleet common stock commenced trading on the Nasdaq Global Market on October 3, 2019 and on the TASE on October 6, 2019, in each case under the symbol “PWFL”. At the effective time of the I.D. Systems Merger (the “I.D. Systems Merger Effective Time”), each share of I.D. Systems common stock outstanding immediately prior to such time (other than any I.D. Systems common stock owned by I.D. Systems immediately prior to the I.D. Systems Merger Effective Time) was converted automatically into the right to receive one share of PowerFleet common stock. At the effective time of the Pointer Merger (the “Pointer Merger Effective Time”), each Pointer ordinary share outstanding immediately prior to such time (other than Pointer ordinary shares owned, directly or indirectly, by I.D. Systems, PowerFleet or any of their subsidiaries or Pointer or any of its wholly-owned subsidiaries immediately prior to the Pointer Merger Effective Time) was cancelled in exchange for $8.50 in cash, without interest (the “Cash Consideration”), and 1.272 shares of PowerFleet common stock (the “Stock Consideration,” and together with the Cash Consideration, the “Pointer Merger Consideration”). I.D. Systems stock options and restricted stock awards that were outstanding immediately prior to the I.D. Systems Merger Effective Time were converted automatically into equivalent PowerFleet awards on the same terms and conditions applicable to such I.D. Systems stock options and restricted stock awards prior to the I.D. Systems Merger Effective Time. At the Pointer Merger Effective Time, each award of options to purchase Pointer ordinary shares that was outstanding and unvested immediately prior to such time was cancelled and substituted with options to purchase shares of PowerFleet common stock under the Company’s 2018 Incentive Plan on the same material terms and conditions as were applicable to the corresponding option immediately prior to the Pointer Merger Effective Time, except that (i) the number of shares of PowerFleet common stock underlying such substituted option is equal to the product of (A) the number of Pointer ordinary shares underlying such option immediately prior to the Pointer Merger Effective Time multiplied by (B) 2.544, with any fractional shares rounded down to the nearest whole number of shares of PowerFleet common stock, and (ii) the per-share exercise price is equal to the quotient obtained by dividing (A) the exercise price per Pointer ordinary share subject to such option immediately prior to the Pointer Merger Effective Time by (B) 2.544 (rounded up to the nearest whole cent). At the Pointer Merger Effective Time, each award of options to purchase Pointer ordinary shares that was outstanding and vested immediately prior to such time was cancelled in exchange for the right to receive the product of (i) the excess, if any, of (A) the Pointer Merger Consideration (allocated between the Cash Consideration and the Stock Consideration in the same proportion as for holders of Pointer ordinary shares), over (B) the exercise price per Pointer ordinary share subject to such option, multiplied by (ii) the total number of Pointer ordinary shares underlying such option. If the exercise price of a vested option was equal to or greater than the consideration payable in respect of a vested option, such option was cancelled without payment. At the Pointer Merger Effective Time, each award of restricted stock units of Pointer (a “Pointer RSU”) that was outstanding and vested immediately prior to such time was cancelled in exchange for the right to receive the Pointer Merger Consideration (allocated between the Cash Consideration and the Stock Consideration in the same proportion as for holders of Pointer ordinary shares). Each Pointer RSU that was outstanding and unvested immediately prior to such time was cancelled and substituted with restricted stock units under the 2018 Plan representing the right to receive, on the same material terms and conditions as were applicable under such Pointer RSU immediately prior to the Pointer Merger Effective Time, that number of shares of PowerFleet common stock equal to the product of (i) the number of Pointer ordinary shares underlying such Pointer RSU immediately prior to the Pointer Merger Effective Time multiplied by (ii) 2.544, with any fractional shares rounded down to the nearest lower whole number of shares of PowerFleet common stock. Total consideration for the Transactions of $130,416 included (i) $71,874 in cash paid at closing, (ii) 10,756 shares of PowerFleet common stock issued at closing with a fair value of $58,081 and (iii) $461 for share-based awards assumed. The Cash Consideration was financed using (i) net proceeds of the issuance and sale by PowerFleet of 50 shares of Series A Preferred Stock to the Investors for an aggregate purchase price of $50,000 pursuant to the terms of the Investment Agreement, and (ii) term loan borrowings by PowerFleet Israel on the Closing Date of $30,000 under the Credit Agreement. Pointer is a provider of telematics and mobile IoT solutions to the automotive, insurance and logistics (cargo, assets and containers) industries. Pointer’s cloud-based software-as-a-service (SaaS) platform extracts and captures data from an organization’s mobility points, including drivers, routes, points-of-interest, logistics network, vehicles, trailers, containers and cargo. The Transactions are expected to provide the Company with operational synergies and access to a broader base of customers. The purchase method of accounting in accordance with ASC805, Business Combinations The following table summarizes the preliminary purchase price allocation based on estimated fair values of the net assets acquired at the acquisition date: Accounts receivable $ 19,701 Inventory 8,666 Other assets 26,461 Customer relationships 15,610 Trademark and tradename 6,096 Technology 10,911 Goodwill (a) 78,446 Less: Current liabilities assumed (21,055 ) Less: Non current liabilities assumed (14,420 ) Net assets acquired $ 130,416 (a) The goodwill is not fully deductible for tax purposes The results of operations of Pointer have been included in the consolidated statement of operations as of the effective date of the Transactions. The following table represents the combined pro forma revenue and earnings for the three- and nine-month periods ended September 30, 2019 and 2020, respectively: Three-Months Ended Nine-months Ended September 30, 2019 September 30, 2019 Historical Pro Forma Combined Historical Pro Forma Combined Revenues $ 16,884 $ 34,703 $ 46,769 $ 99,979 Operating loss (2,126 ) (4,444 ) (6,886 ) (8,736 ) Net loss per share - basic and diluted $ (0.12 ) $ (0.22 ) $ (0.39 ) $ (0.53 ) The combined pro forma revenue and earnings for the three- and nine-month periods ended September 30, 2019 for the Transactions were prepared as though such transactions had occurred as of January 1, 2019. The pro forma results do not include any anticipated cost synergies or other effects of the planned integration of Pointer. This summary is not necessarily indicative of what the results of operations would have been had the Transactions occurred during such period, nor does it purport to represent results of operations for any future periods. CarrierWeb Acquisitions On January 30, 2019, the Company completed the acquisition (the “CarrierWeb US Acquisition”) of substantially all of the assets of CarrierWeb, L.L.C. (“CarrierWeb”), an Atlanta-based provider of real-time in-cab mobile communications technology, electronic logging devices, two-way refrigerated command and control, and trailer tracking. Aggregate consideration for the CarrierWeb US Acquisition was $3,500, consisting of (i) a closing cash payment of $2,800 which consisted of cash of $2,150 and a credit bid by the Company in the amount of the aggregate principal amount plus accrued and unpaid interest outstanding under a $650 debtor-in-possession loan made by the Company to CarrierWeb on January 11, 2019, and (ii) a $700 payment in April 2019, when CarrierWeb Services Ltd. (“CarrierWeb Ireland”) was restored to the Register of Companies in Ireland. The CarrierWeb US Acquisition was subject to the entry of a sale order by the United States Bankruptcy Court for the Northern District of Georgia approving such acquisition. The sale order was entered on January 28, 2019. In connection with the restoration of CarrierWeb Ireland to the Register of Companies in Ireland, the Company also made certain loans to CarrierWeb Ireland in the aggregate principal amount of $300. On July 30, 2019, the Company completed the acquisition (the “CarrierWeb Ireland Acquisition” and together with the CarrierWeb US Acquisition, the “CarrierWeb Acquisitions”) of substantially all of the assets of CarrierWeb Ireland, an affiliate of CarrierWeb, from e*freightrac Holding B.V., the owner of the outstanding equity of CarrierWeb Ireland. Consideration for the CarrierWeb Ireland Acquisition included (i) $550 in cash paid at closing, and (ii) 127 shares of the Company’s common stock, less (1) 56 shares for the satisfaction of aggregate principal amount plus accrued and unpaid interest outstanding under $300 loans, less (2) 44 shares held back with an estimated fair value of $250, which were released in November 2019. The assets the Company acquired in the CarrierWeb Acquisitions have been integrated into the Company’s products. In connection with the CarrierWeb Acquisitions, the Company offered employment to all of the former employees of CarrierWeb and CarrierWeb Ireland. The CarrierWeb Acquisitions allow the Company to offer a full complement of highly-integrated logistics technology solutions to its current customers and prospects and immediately add customers and subscriber units. For the three- and nine-month periods ended September 30, 2019, the Company incurred acquisition-related expenses of approximately $(15) and $145, respectively, which are included in acquisition-related fees. The purchase method of accounting in accordance with ASC805, Business Combinations The following table summarizes the final purchase price allocation of CarrierWeb and CarrierWeb Ireland based on the fair values of the net assets acquired at the acquisition date: Accounts receivable 192 Inventory 200 Other assets 26 Customer relationships 531 Trademark and tradename 90 Patents 628 Goodwill (a) 3,108 Net assets acquired $ 4,775 (a) The goodwill is fully deductible for tax purposes The results of operations from each of the CarrierWeb Acquisitions have been included in the consolidated statement of operations as of the effective date of each such acquisition. For the three- and nine-month periods ended September 30, 2019, the CarrierWeb Acquisitions contributed approximately $1,111 and $3,087, respectively, to the Company’s revenues. Operating income contributed by the CarrierWeb Acquisitions was not separately identifiable due to Company’s integration activities and is impracticable to provide.

Revenue Recognition

Revenue Recognition	9 Months Ended
	Sep. 30, 2020
Revenue from Contract with Customer [Abstract]
Revenue Recognition	NOTE 5 - REVENUE RECOGNITION The Company and its subsidiaries generate revenue from sales of systems and products and from customer SaaS and hosting infrastructure fees. Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring goods or providing services. Sales, value add, and other taxes the Company collects concurrently with revenue-producing activities are excluded from revenue. Incidental items that are immaterial in the context of the contract are recognized as expense. The expected costs associated with the Company’s base warranties continue to be recognized as expense when the products are sold (see Note 13). Revenue is recognized when performance obligations under the terms of a contract with our customer are satisfied. Product sales are recognized at a point in time when title transfers, when the products are shipped, or when control of the system is transferred to the customer, which usually is upon delivery of the system and when contractual performance obligations have been satisfied. For products which do not have stand-alone value to the customer separate from the SaaS services provided, the Company considers both hardware and SaaS services a bundled performance obligation. Under the applicable accounting guidance, all of the Company’s billings for equipment and the related cost for these systems are deferred, recorded, and classified as a current and long-term liability and a current and long-term asset, respectively. The deferred revenue and cost are recognized over the service contract life, ranging from one to five years, beginning at the time that a customer acknowledges acceptance of the equipment and service. The Company recognizes revenue for remotely hosted SaaS agreements and post-contract maintenance and support agreements beyond our standard warranties over the life of the contract. Revenue is recognized ratably over the service periods and the cost of providing these services is expensed as incurred. Amounts invoiced to customers which are not recognized as revenue are classified as deferred revenue and classified as short-term or long-term based upon the terms of future services to be delivered. Deferred revenue also includes prepayment of extended maintenance, hosting and support contracts. The Company earns other service revenues from installation services, training and technical support services which are short-term in nature and revenue for these services are recognized at the time of performance or right to invoice. The Company recognizes revenue on non-recurring engineering services over time, on an input-cost method performance basis, as determined by the relationship of actual labor and material costs incurred to date compared to the estimated total project costs. Estimates of total project costs are reviewed and revised during the term of the project. Revisions to project costs estimates, where applicable, are recorded in the period in which the facts that give rise to such changes become known. The Company also derives revenue from leasing arrangements. Such arrangements provide for monthly payments covering product or system sale, maintenance, support and interest. These arrangements meet the criteria to be accounted for as sales-type leases. Accordingly, an asset is established for the “sales-type lease receivable” at the present value of the expected lease payments and revenue is deferred and recognized over the service contract, as described above. Maintenance revenues and interest income are recognized monthly over the lease term. The Company’s contracts with customers may include multiple performance obligations. For such arrangements, the Company allocates revenue to each performance obligation based on its relative standalone selling price. The Company generally determines standalone selling prices based on observable prices charged to customers or adjusted market assessment or using expected cost-plus margin when one is available. Adjusted market assessment price is determined based on overall pricing objectives taking into consideration market conditions and entity specific factors. The Company recognizes an asset for the incremental costs of obtaining the contract arising from the sales commissions to employees because the Company expects to recover those costs through future fees from the customers. The Company amortizes the asset over one to five years because the asset relates to the services transferred to the customer during the contract term of one to five years. The Company does not disclose the value of unsatisfied performance obligations for (i) contracts with an original expected length of one year or less and (ii) contracts for which the Company recognizes revenue at the amount to which the Company has the right to invoice for services performed. Deferred product costs consist of logistics visibility solutions equipment costs deferred in accordance with our revenue recognition policy. The Company evaluates the realizability of the carrying amount of the deferred contract costs. To the extent the carrying value of the deferred contract costs exceed the contract revenue, an impairment loss will be recognized. The following table presents the Company’s revenues disaggregated by revenue source for the three- and nine-months ended September 30, 2019 and 2020: Three Months Ended September 30, Nine Months Ended September 30, 2019 2020 2019 2020 Products $ 11,062 $ 10,914 $ 28,954 $ 33,516 Services 5,822 16,688 17,815 50,650 $ 16,884 $ 27,602 $ 46,769 $ 84,166 The balances of contract assets, and contract liabilities from contracts with customers are as follows as of December 31, 2019 and September 30, 2020: December 31, 2019 September 30, 2020 (Unaudited) Assets: Deferred contract costs $ 2,196 $ 1,967 Deferred costs $ 8,530 $ 6,122 Liabilities: Contract liabilities (1) $ 1,098 $ 908 Deferred revenue - services (1) 5,299 6,354 Deferred revenue - products (1) 10,932 7,734 17,329 14,996 Less: Deferred revenue and contract liabilities - Current portion (8,536 ) (8,089 ) Deferred revenue and contract liabilities - less current portion $ 8,793 $ 6,907 (1) The Company records deferred revenues when cash payments are received or due in advance of the Company’s performance. For the three- and nine-month periods ended September 30, 2019 and 2020, the Company recognized revenue of $3,306 and $9,544, respectively, and $2,381 and $6,981, respectively, that was included in the deferred revenue balance at the beginning of each reporting period. The Company expects to recognize as revenue these deferred revenue balances before the year 2025, when the services are performed and, therefore, satisfies its performance obligation to the customers.

Prepaid Expenses and Other Asse

Prepaid Expenses and Other Assets	9 Months Ended
	Sep. 30, 2020
Prepaid Expense and Other Assets [Abstract]
Prepaid Expenses and Other Assets	NOTE 6 – PREPAID EXPENSES AND OTHER ASSETS Prepaid expenses and other current assets consist of the following: December 31, 2019 September 30, 2020 (Unaudited) Finance receivables, current $ 893 $ 715 Prepaid expenses 3,221 2,613 Contract assets 1,335 726 Other current assets 1,921 1,906 $ 7,370 $ 5,960

Inventory

Inventory	9 Months Ended
	Sep. 30, 2020
Inventory Disclosure [Abstract]
Inventory	NOTE 7 - INVENTORY Inventory, which primarily consists of finished goods and components used in the Company’s products, is stated at the lower of cost or net realizable value. Cost is determined using the “moving-average” cost method or the first-in first-out (FIFO) method. Inventory is shown net of a valuation reserve of $487 at December 31, 2019, and $705 at September 30, 2020. Inventories consist of the following: December 31, 2019 September 30, 2020 (Unaudited) Components $ 8,183 $ 7,843 Work in process 210 179 Finished goods 7,988 6,332 $ 16,381 $ 14,354

Fixed Assets

Fixed Assets	9 Months Ended
	Sep. 30, 2020
Property, Plant and Equipment [Abstract]
Fixed Assets	NOTE 8 - FIXED ASSETS Fixed assets are stated at cost, less accumulated depreciation and amortization, and are summarized as follows: December 31, 2019 September 30, 2020 (Unaudited) Installed products $ 3,180 $ 1,718 Computer software 5,635 5,665 Computer and electronic equipment 6,231 4,621 Furniture and fixtures 1,364 1,626 Leasehold improvements 641 990 17,051 14,620 Accumulated depreciation and amortization (8,811 ) (7,195 ) $ 8,240 $ 7,425 Depreciation and amortization expense of fixed assets for the three- and nine-month periods ended September 30, 2019 was $194 and $573, respectively, and for the three- and nine-month periods ended September 30, 2020 was $777 and $2,163, respectively. This includes amortization of costs associated with computer software for the three- and nine-month periods ended September 30, 2019 of $131 and $397, respectively, and for the three- and nine-month periods ended September 30, 2020 of $128 and $389, respectively.

Intangible Assets and Goodwill

Intangible Assets and Goodwill	9 Months Ended
	Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets and Goodwill	NOTE 9 - INTANGIBLE ASSETS AND GOODWILL The following table summarizes identifiable intangible assets of the Company as of December 31, 2019 and September 30, 2020: Useful Gross Net Lives Carrying Accumulated Carrying September 30, 2020 (In Years) Amount Amortization Amount Amortized: Customer relationships 9 - 12 $ 19,264 $ (2,326 ) $ 16,938 Trademark and tradename 3 - 15 7,553 (1,091 ) 6,462 Patents 7 - 11 2,117 (1,605 ) 512 Technology 7 10,911 (2,537 ) 8,374 Favorable contract interest 4 388 (307 ) 81 Covenant not to compete 5 208 (132 ) 76 40,441 (7,998 ) 32,443 Unamortized: Customer list 104 - 104 Trademark and Tradename 61 - 61 165 - 165 Total $ 40,606 $ (7,998 ) $ 32,608 Useful Gross Net Lives Carrying Accumulated Carrying December 31, 2019 (In Years) Amount Amortization Amount Amortized: Customer relationships 9 - 12 $ 19,299 $ (1,108 ) $ 18,191 Trademark and tradename 3 - 15 7,553 (488 ) 7,065 Patents 7 - 11 2,117 (1,436 ) 681 Technology 7 10,911 (634 ) 10,277 Favorable contract interest 4 388 (234 ) 154 Covenant not to compete 5 208 (102 ) 106 40,476 (4,002 ) 36,474 Unamortized: Customer list 104 - 104 Trademark and Tradename 61 - 61 165 - 165 Total $ 40,641 $ (4,002 ) $ 36,639 At September 30, 2020, the weighted-average amortization period for the intangible assets was 9.2 years. At September 30, 2020, the weighted-average amortization periods for customer relationships, trademarks and trade names, patents, technology, favorable contract interests and covenant not to compete were 11.9, 9.6, 9.8, 4.3, 4.0 and 5.0 years, respectively. Amortization expense for the three- and nine-month periods ended September 30, 2019 was $253 and $726, respectively, and for the three- and nine-month periods ended September 30, 2020 was $1,331 and $3,996, respectively. Estimated future amortization expense for each of the five succeeding fiscal years for these intangible assets is as follows: Year ending December 31: 2020 (remaining) $ 1,332 2021 5,153 2022 4,479 2023 4,434 2024 2,021 2025 1,894 Thereafter 13,130 $ 32,443 COVID-19 continues to adversely impact the broader global economy and has caused significant volatility in financial markets. If there is a lack of recovery or further global softening in certain markets, or a sustained decline in the value of the Company’s common stock, the Company may conclude that indicators of impairment exist and would then be required to calculate whether or not an impairment exists for its goodwill, other intangibles, and long-lived assets, the results of which could result in material impairment charges. For the nine-month period ended September 30, 2020, the Company did not identify any indicators of impairment.

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 30, 2020
Share-based Payment Arrangement [Abstract]
Stock-Based Compensation	NOTE 10 - STOCK-BASED COMPENSATION Stock Option Plans In connection with the Company’s acquisition of Pointer, the Company previously approved the grants of options to purchase 350,000 shares of the Company’s common stock to Mr. Wolfe and options to purchase 150,000 shares of the Company’s common stock to Mr. Mavrommatis on March 13, 2019 (the “Signing Bonus Options”) and the grants of additional options to purchase 350,000 shares of the Company’s common stock to Mr. Wolfe and additional options to purchase 150,000 shares of the Company’s common stock to Mr. Mavrommatis on October 3, 2019 (the “Closing Bonus Options” and together with the Signing Bonus Options, the “Original Bonus Options”). The Original Bonus Options were subject to the terms of the Company’s 2018 Incentive Plan (the “2018 Plan”), vested upon the attainment of adjusted EBITDA targets for the fiscal years ending December 31, 2020 and December 31, 2021 and became exercisable 180 days after vesting, subject to acceleration in the event of certain change of control transactions. The Signing Bonus Options had an exercise price of $6.28 per share and the Closing Bonus Options had an exercise price of $6.00 per share. In response to the impact of COVID-19, the Board terminated and cancelled the Original Bonus Options and approved the following grants to replace the Original Bonus Options: (i) options to purchase 350,000 shares of the Company’s common stock to Mr. Wolfe and options to purchase 150,000 shares of the Company’s common stock to Mr. Mavrommatis (the “New Signing Options”), which options are subject to the terms of the 2018 Plan, have an exercise price of $6.28 per share, and will vest and become exercisable in full on December 31, 2022 if the volume weighted average price of the Company’s common stock during a consecutive 30 trading day period (the “30 Day VWAP”) reaches $12.00 at any point prior to December 31, 2022, and (ii) options to purchase 350,000 shares of the Company’s common stock to Mr. Wolfe and options to purchase 150,000 shares of the Company’s common stock to Mr. Mavrommatis (the “New Closing Options”), which options are subject to the terms of the 2018 Plan, have an exercise price of $6.00 per share, and will vest and become exercisable immediately upon the Company achieving a 30 Day VWAP of $10.00. [A] Stock options: The following table summarizes the activity relating to the Company’s stock options for the nine-month period ended September 30, 2020: Options Weighted-Average Exercise Price Weighted-Average Remaining Contractual Term Aggregate Intrinsic Value Outstanding at beginning of year 4,078 $ 5.79 Granted 1,155 6.10 Exercised (145 ) 4.33 Forfeited or expired (1,402 ) 6.03 Outstanding at end of period 3,686 $ 5.85 8 years $ 1,884 Exercisable at end of period 994 $ 5.57 6 years $ 780 The fair value of each option grant on the date of grant is estimated using the Black-Scholes option-pricing model reflecting the following weighted-average assumptions: September 30, 2019 2020 Expected volatility 24.2 % 44.7 % Expected life of options (in years) 3 6 Risk free interest rate 1.41 % 1.17 % Dividend yield 0 % 0 % Weighted average fair value of options granted during the period $ 2.72 $ 2.58 Expected volatility is based on historical volatility of the Company’s common stock and the expected life of options is based on historical data with respect to employee exercise periods. The Company valued the New Signing Options and the New Closing Options market-based performance stock option awards using a Monte Carlo simulation model using a daily price forecast over ten years until expiration utilizing Geometric Brownian Motion that considers a variety of factors including, but not limited to, the Company’s common stock price, risk-free rate (0.70%), and expected stock price volatility (47%) over the expected life of awards (6 years). The weighted average fair value of options granted during the period was $1.27. The Company recorded stock-based compensation expense of $161 and $458 for the three- and nine-month periods ended September 30, 2019, respectively, and $366 and $1,209 for the three- and nine-month periods ended September 30, 2020, respectively, in connection with awards made under the stock option plans. The fair value of options vested during the nine-month periods ended September 30, 2019 and 2020 was $363 and $1,194, respectively. The total intrinsic value of options exercised during the nine-month periods ended September 30, 2019 and 2020 was $112 and $228, respectively. As of September 30, 2020, there was approximately $4,124 of unrecognized compensation cost related to non-vested options granted under the Company’s stock option plans. That cost is expected to be recognized over a weighted-average period of 4.16 years. The Company estimates forfeitures at the time of valuation and reduces expense ratably over the vesting period. This estimate is adjusted periodically based on the extent to which actual forfeitures differ, or are expected to differ, from the previous estimate. [B] Restricted Stock Awards: The Company grants restricted stock to employees, whereby the employees are contractually restricted from transferring the shares until they are vested. The stock is unvested at the time of grant and, upon vesting, there are no legal restrictions on the stock. The fair value of each share is based on the Company’s closing stock price on the date of the grant. A summary of all non-vested restricted stock for the nine-month period ended September 30, 2020 is as follows: Number of Non-vested Shares Weighted-Average Grant Date Fair Value Restricted stock, non-vested, beginning of year 877 $ 6.17 Granted 444 4.82 Vested (284 ) 6.16 Forfeited (101 ) 6.08 Restricted stock, non-vested, end of period 936 $ 5.55 The Company recorded stock-based compensation expense of $387 and $1,274, respectively, for the three- and nine-month periods ended September 30, 2019 and $593 and $1,641, respectively, for the three- and nine-month periods ended September 30, 2020, in connection with restricted stock grants. As of September 30, 2020, there was $3,689 of total unrecognized compensation cost related to non-vested shares. That cost is expected to be recognized over a weighted-average period of 2.06 years. [C] Restricted Stock Units: The Company granted restricted stock units (RSUs) to Pointer employees in connection with the Transactions on October 3, 2019. The following table summarizes the activity relating to the Company’s restricted stock units for the three-month period ended September 30, 2020: Number of Restricted Stock Units Weighted-Average Grant Date Fair Value Restricted stock units, non-vested, beginning of year 253 $ 5.60 Granted - - Vested (131 ) 5.60 Forfeited (28 ) 5.60 Restricted stock units, non-vested, end of period 94 $ 5.60 The Company recorded stock-based compensation expense of $-0- and $-0-, respectively, for the three- and nine-month periods ended September 30, 2019 and $33 and $228, respectively, for the three- and nine-month periods ended September 30, 2020, in connection with the RSUs. As of September 30, 2020, there was $317 total unrecognized compensation cost related to non-vested RSUs. That cost is expected to be recognized over a weighted-average period of 1.53 years.

Net Loss Per Share

Net Loss Per Share	9 Months Ended
	Sep. 30, 2020
Earnings Per Share [Abstract]
Net Loss Per Share	NOTE 11 - NET LOSS PER SHARE Net loss per share for the three- and nine-month periods ended September 30, 2019 and 2020 are as follows: Three Months Ended Nine Months Ended September 30, September 30, 2019 2020 2019 2020 Basic and diluted loss per share Net loss attributable to common stockholders $ (2,099 ) $ (1,749 ) $ (6,878 ) $ (10,064 ) Weighted-average common shares outstanding - basic and diluted 17,929 30,143 17,744 29,528 Net loss attributable to common stockholders - basic and diluted $ (0.12 ) $ (0.06 ) $ (0.39 ) $ (0.34 ) Basic loss per share is calculated by dividing net loss attributable to common shareholders by the weighted-average number of common shares outstanding during the period. Diluted loss per share reflects the potential dilution assuming common shares were issued upon the exercise of outstanding options and the proceeds thereof were used to purchase outstanding common shares. Dilutive potential common shares include outstanding stock options, warrants and restricted stock and performance share awards. We include participating securities (unvested share-based payment awards and equivalents that contain non-forfeitable rights to dividends or dividend equivalents) in the computation of earnings per share pursuant to the two-class method. Our participating securities consist solely of preferred stock, which have contractual participation rights equivalent to those of stockholders of unrestricted common stock. The two-class method of computing earnings per share is an allocation method that calculates earnings per share for common stock and participating securities. During periods of net loss, no effect is given to the participating securities because they do not share in the losses of the Company. The basic and diluted weighted-average shares outstanding are the same in 2019 and 2020, since the effect from the potential exercise of outstanding stock options, conversion of preferred stock, and vesting of restricted stock and restricted stock units totaling 2,632 and 12,070, respectively, would have been anti-dilutive due to the net loss.

Short-Term Bank Debt and Long-T

Short-Term Bank Debt and Long-Term Debt	9 Months Ended
	Sep. 30, 2020
Debt Disclosure [Abstract]
Short-Term Bank Debt and Long-Term Debt	NOTE 12 - SHORT-TERM BANK DEBT AND LONG-TERM DEBT December 31, 2019 September 30, 2020 (Unaudited) Short-term bank debt bearing interest at 16% per annum $ 685 $ 241 Current maturities of long-term debt $ 2,688 $ 4,909 Convertible notes payable $ 5,000 $ 5,000 Long-term debt – less current maturities $ 26,515 $ 22,933 Convertible notes payable In connection with the Transactions, the Company issued the Notes to the Investors in the aggregate principal amount of $5,000 at the closing of the Transactions. The Notes bear interest at 10% per annum, with an original maturity date of September 30, 2020 and may be prepaid in full subject to a prepayment premium. The principal amount of, and accrued interest through the maturity date on, the Notes will convert automatically into Series A Preferred Stock at the original issuance price thereof of $1,000.00 per share upon approval by the Company’s stockholders in accordance with Nasdaq rules. On May 13, 2020, the Company and the Investors amended and restated the Notes to, among other things, (i) remove the conversion feature of the Notes, (ii) provide for certain mandatory prepayment obligations of the Company on or following October 1, 2020, and (iii) extend the maturity date of the Notes to March 31, 2021. The Notes were repaid on October 1, 2021 (see Note 23). Long-term debt In connection with the Transactions, PowerFleet Israel incurred $30,000 in term loan borrowings on the Closing Date under the Credit Agreement, pursuant to which Hapoalim agreed to provide PowerFleet Israel with two senior secured term loan facilities in an aggregate principal amount of $30,000 (comprised of two facilities in the aggregate principal amount of $20,000 and $10,000, respectively (the “Term A Facility” and “Term B Facility”, respectively, and collectively, the “Term Facilities”)) and a five-year revolving credit facility (the “Revolving Facility”) to Pointer in an aggregate principal amount of $10,000 (collectively, the “Credit Facilities”). On the first anniversary of the Closing Date, the Company will be required to deposit in a separate restricted deposit account the Israeli shekel (“NIS”) equivalent of $3,000. As of September 30, 2020, no amounts were outstanding under the revolving credit facility. The Credit Facilities will mature on the date that is five years from the Closing Date. The indicative interest rate provided for the Term Facilities in the Credit Agreement is approximately 4.73% for the Term A Facility and 5.89% for the Term B Facility. The interest rate for the Revolving Facility is, with respect to NIS-denominated loans, Hapoalim’s prime rate + 2.5%, and with respect to US dollar-denominated loans, LIBOR + 4.6%. In addition, the Company pays a 1% commitment fee on the unutilized and uncancelled availability under the Revolving Facility. The Credit Facilities are secured by the shares held by PowerFleet Israel in Pointer and by Pointer over all of its assets. The Credit Agreement includes customary representations, warranties, affirmative covenants, negative covenants (including the following financial covenants, tested quarterly: Pointer’s net debt to EBITDA; Pointer’s net debt to working capital; minimum equity of PowerFleet Israel; PowerFleet Israel equity to total assets; PowerFleet Israel net debt to EBITDA; and Pointer EBITDA to current payments and events of default. The Company is in compliance with the covenants as of September 30, 2020. In connection with the Credit Facilities, the Company incurred debt issuance costs of $742. For the three- and nine-month periods ended September 30, 2020, amortization of the debt issuance costs was $19 and $56. The Company recorded charges of $-0- for both the three- and nine-month periods ended September 30, 2019, and $371 and $1,114 for the three- and nine-month periods ended September 30, 2020, respectively, to interest expense on its consolidated statements of operations for each related to interest expense and amortization of debt issuance costs associated with the Credit Facilities. Scheduled maturities of the Term A Facility and the Term B Facility as of September 30, 2020 are as follows: Year ending December 31: 2021 $ 4,909 2022 5,400 2023 5,400 2024 12,133 27,842 Less: Current portion 4,909 Total $ 22,933 The Term B Facility is not subject to amortization over the life of the loan and instead the original principal amount is due in one installment on the fifth anniversary of the date of the consummation of the Transactions.

Accounts Payable and Accrued Ex

Accounts Payable and Accrued Expenses	9 Months Ended
	Sep. 30, 2020
Payables and Accruals [Abstract]
Accounts Payable and Accrued Expenses	NOTE 13 - ACCOUNTS PAYABLE AND ACCRUED EXPENSES Accounts payable and accrued expenses consist of the following: December 31, 2019 September 30, 2020 (Unaudited) Accounts payable $ 15,400 $ 8,939 Accrued warranty 632 700 Accrued compensation 5,517 5,124 Contract liabilities 849 704 Government authorities 2,172 3,473 Other current liabilities 310 213 $ 24,880 $ 19,153 The Company’s products are warranted against defects in materials and workmanship for a period of one to three years from the date of acceptance of the product by the customer. The customers may purchase an extended warranty providing coverage up to a maximum of 60 months. A provision for estimated future warranty costs is recorded for expected or historical warranty matters related to equipment shipped and is included in accounts payable and accrued expenses in the Condensed Consolidated Balance Sheets as of December 31, 2019 and September 30, 2020. The following table summarizes warranty activity for the nine-month periods ended September 30, 2019 and 2020: Nine Months Ended September 30, 2019 2020 (Unaudited) Accrued warranty reserve, beginning of period $ 422 $ 742 Accrual for product warranties issued 204 639 Product replacements and other warranty expenditures (165 ) (565 ) Expiration of warranties (124 ) 19 Accrued warranty reserve, end of period (a) $ 337 $ 835 (a) Includes non-current accrued warranty in other long-term liabilities at December 31, 2019 and September 30, 2020 of $110 and $135, respectively.

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Sep. 30, 2020
Equity [Abstract]
Stockholders' Equity	NOTE 14 - STOCKHOLDERS’ EQUITY Redeemable preferred stock The Company is authorized to issue 150 shares of preferred stock, par value $0.01 per share of which 100 shares are designated Series A Preferred Stock and 50 shares are undesignated. Series A Preferred Stock In connection with the completion of the Transactions, on October 3, 2019, the Company issued 50 shares of Series A Preferred Stock. During 2020 the Company issued an additional share as payment for the earned dividends. Liquidation The Series A Preferred Stock has a liquidation preference equal to the greater of (i) the original issuance price of $1,000.00 per share, subject to certain adjustments (the “Series A Issue Price”), plus all accrued and unpaid dividends thereon (except in the case of a deemed liquidation event, then 150% of such amount) and (ii) the amount such holder would have received if the Series A Preferred Stock had converted into common stock immediately prior to such liquidation. Dividends Holders of Series A Preferred Stock are entitled to receive cumulative dividends at a minimum rate of 7.5% per annum (calculated on the basis of the Series A Issue Price), quarterly in arrears. The dividends are payable at the Company’s election, in kind, through the issuance of additional shares of Series A Preferred Stock, or in cash, provided no dividend payment failure has occurred and is continuing and that there has not previously occurred two or more dividend payment failures. Commencing on the 66-month anniversary of the date on which any shares of Series A Preferred Stock are first issued (the “Original Issuance Date”), and on each monthly anniversary thereafter, the dividend rate will increase by 100 basis points, until the dividend rate reaches 17.5% per annum, subject to the Company’s right to defer the increase for up to three consecutive months on terms set forth in the Charter. During the nine-month period ended September 30, 2020, the Company issued dividends in the amounts of 3 shares to the holders of the Series A Preferred Stock. As of September 30, 2020, dividends in arrears were $-0-. Voting; Consent Rights The holders of Series A Preferred Stock will be given notice by the Company of any meeting of stockholders or action to be taken by written consent in lieu of a meeting of stockholders as to which the holders of common stock are given notice at the same time as provided in, and in accordance with, the Company’s Amended and Restated Bylaws. Except as required by applicable law or as otherwise specifically set forth in the Charter, the holders of Series A Preferred Stock are not entitled to vote on any matter presented to the Company’s stockholders unless and until any holder of Series A Preferred Stock provides written notification to the Company that such holder is electing, on behalf of all holders of Series A Preferred Stock, to activate their voting rights and in doing so rendering the Series A Preferred Stock voting capital stock of the Company (such notice, a “Series A Voting Activation Notice”). From and after the delivery of a Series A Voting Activation Notice, all holders of the Series A Preferred Stock will be entitled to vote with the holders of common stock as a single class on an as-converted basis (provided, however, that any holder of Series A Preferred Stock shall not be entitled to cast votes for the number of shares of common stock issuable upon conversion of such shares of Series A Preferred Stock held by such holder that exceeds the quotient of (1) the aggregate Series A Issue Price for such shares of Series A Preferred Stock divided by (2) $5.57 (subject to adjustment for stock splits, stock dividends, combinations, reclassifications and similar events, as applicable)). So long as shares of Series A Preferred Stock are outstanding and convertible into shares of common stock that represent at least 10% of the voting power of the common stock, or the Investors or their affiliates continue to hold at least 33% of the aggregate amount of Series A Preferred Stock issued to the Investors on the Original Issuance Date, the consent of the holders of at least a majority of the outstanding shares of Series A Preferred Stock will be necessary for the Company to, among other things, (i) liquidate the Company or any operating subsidiary or effect any deemed liquidation event (as such term is defined in the Charter), except for a deemed liquidation event in which the holders of Series A Preferred Stock receive an amount in cash not less than the Redemption Price (as defined below), (ii) amend the Company’s organizational documents in a manner that adversely affects the Series A Preferred Stock, (iii) issue any securities that are senior to, or equal in priority with, the Series A Preferred Stock or issue additional shares of Series A Preferred Stock to any person other than the Investors or their affiliates, (iv) incur indebtedness above the agreed-upon threshold, (v) change the size of the Company’s board of directors to a number other than seven, or (vi) enter into certain affiliated arrangements or transactions. Redemption At any time, each holder of Series A Preferred Stock may elect to convert each share of such holder’s then-outstanding Series A Preferred Stock into the number of shares of the Company’s common stock equal to the quotient of (x) the Series A Issue Price, plus any accrued and unpaid dividends, divided by (y) the Series A Conversion Price in effect at the time of conversion. The Series A Conversion Price is initially equal to $7.319, subject to certain adjustments as set forth in the Charter. At any time after the third anniversary of the Original Issuance Date, subject to certain conditions, the Company may redeem the Series A Preferred Stock for an amount per share, equal to the greater of (i) the product of (x) 1.5 multiplied by (y) the sum of the Series A Issue Price, plus all accrued and unpaid dividends and (ii) the product of (x) the number of shares of common stock issuable upon conversion of such Series A Preferred Stock multiplied by (y) the volume weighted average price of the common stock during the 30 consecutive trading day period ending on the trading date immediately prior to the date of such redemption notice or, if calculated in connection with a deemed liquidation event, the value ascribed to a share of common stock in such deemed liquidation event (the “Redemption Price”). Further, at any time (i) after the 66-month anniversary of the Original Issuance Date, (ii) following delivery of a mandatory conversion notice by us, or (iii) upon a deemed liquidation event, subject to Delaware law governing distributions to stockholders, the holders of the Series A Preferred Stock may elect to require us to redeem all or any portion of the outstanding shares of Series A Preferred Stock for an amount per share equal to the Redemption Price. At-The-Market-Offering On May 14, 2020, we entered into an equity distribution agreement with Canaccord, pursuant to which we may offer and sell, from time to time through an “at-the-market offering” program, with Canaccord as sales agent, shares of our common stock having an aggregate offering price of up to $25,000. The agreement provides for the Company to pay Canaccord a commission of 3.0% of the aggregate gross proceeds from each sale of common stock occurring pursuant to the Sales Agreement. The offer and sale of common stock in the offering were made pursuant to the Company’s shelf registration statement on Form S-3 that was declared effective by the SEC on November 27, 2019, the base prospectus contained therein dated November 27, 2019, and a prospectus supplement related to the ATM Offering dated May 14, 2020. The Company sold 810 shares of common stock through Canaccord under the Sales Agreement, received net proceeds from such sales of $4,000, and paid Canaccord $125 in commissions with respect to sales of common stock under the Sales Agreement. On August 4, 2020, we provided written notice to Canaccord of our election to terminate the Sales Agreement. The termination became effective as of August 14, 2020.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	9 Months Ended
	Sep. 30, 2020
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Loss	NOTE 15 - ACCUMULATED OTHER COMPREHENSIVE LOSS Comprehensive income (loss) includes net loss and unrealized gains or losses on available-for-sale investments and foreign currency translation gains and losses. Cumulative unrealized gains and losses on available-for-sale investments are reflected as accumulated other comprehensive gain (loss) in stockholders’ equity on the Company’s Consolidated Balance Sheets. The accumulated balances for each classification of other comprehensive loss for the nine-month period ended September 30, 2020 are as follows: Foreign currency items Unrealized gain (losses) on investments Accumulated other comprehensive loss Balance at January 1, 2020 $ 265 $ - $ 265 Net current period change (1,942 ) - (1,942 ) Balance at September 30, 2020 $ (1,677 ) $ - $ (1,677 ) The accumulated balances for each classification of other comprehensive loss for the nine-month period ended September 30, 2019 are as follows: Foreign currency items Unrealized gain (losses) on investments Accumulated other comprehensive loss Balance at January 1, 2019 $ (388 ) $ (47 ) $ (435 ) Net current period change 133 47 180 Balance at September 30, 2019 $ (255 ) $ - $ (255 ) The Company’s reporting currency is the U.S. dollar (USD). For businesses where the majority of the revenues are generated in USD or linked to the USD and a substantial portion of the costs are incurred in USD, the Company’s management believes that the USD is the primary currency of the economic environment and thus their functional currency. Due to the fact that Argentina has been determined to be highly inflationary, the financial statements of our subsidiary in Argentina have been remeasured as if its functional currency was the USD. The Company also has foreign operations where the functional currency is the local currency. For these operations, assets and liabilities are translated using the end-of-period exchange rates and revenues, expenses and cash flows are translated using average rates of exchange for the period. Equity is translated at the rate of exchange at the date of the equity transaction. Translation adjustments are recognized in stockholders’ equity as a component of accumulated other comprehensive income (loss). Net translation gains (losses) from the translation of foreign currency financial statements of $133 and $(1,942) at September 30, 2019 and 2020, respectively, are included in comprehensive loss in the Consolidated Statement of Changes in Stockholders’ Equity. Foreign currency translation gains and losses related to operational expenses denominated in a currency other than the functional currency are included in determining net income or loss. Foreign currency translation gains (losses) for the three- and nine-month periods ended September 30, 2019 of $(258) and $(288), respectively, and for the three- and nine-month periods ended September 30, 2020 of $296 and $155, respectively are included in selling, general and administrative expenses. Foreign currency translation (losses) related to long-term debt of $(220) and $(130), respectively, for the three- and nine-month periods ended September 30, 2020 are included in interest expense in the Consolidated Statement of Operations.

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2020
Segment Reporting [Abstract]
Segment Information	NOTE 16 – SEGMENT INFORMATION The Company operates in one reportable segment, wireless IoT asset management. The following table summarizes revenues by geographic region. Three Months Ended Nine Months Ended September 30, September 30, 2019 2020 2019 2020 United States $ 15,880 $ 10,142 $ 44,315 $ 34,095 Israel - 10,124 - 28,999 Other 1,004 7,336 2,454 21,072 $ 16,884 $ 27,602 $ 46,769 $ 84,166 December 31, 2019 September 30, 2020 (unaudited) Long lived assets by geographic region: United States $ 1,931 $ 1,506 Israel 2,285 2,764 Other 4,024 3,155 $ 8,240 $ 7,425

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2020
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 17 - INCOME TAXES The Company generally records its interim tax provision based upon a projection of the Company’s annual effective tax rate (“AETR”). This AETR is applied to the year-to-date consolidated pre-tax income to determine the interim provision for income taxes before discrete items. The Company updates the AETR on a quarterly basis as the pre-tax income projections are revised and tax laws are enacted. The effective tax rate (“ETR”) each period is impacted by a number of factors, including the relative mix of domestic and international earnings and adjustments to the valuation allowance. The currently forecasted ETR may vary from the actual year-end due to the changes in these factors. The Company’s global ETR for the nine months ended September 30, 2020 and 2019 was (21.6)% and 0%, respectively. For the nine months ended September 30, 2019 and 2020 the effective tax rate differs from the statutory tax rates primarily due to a valuation allowance to fully reserve its net operating loss carryforwards in the United States and non- Israel jurisdictions and other items giving rise to deferred tax assets and tax on foreign earnings. On March 27, 2020, the President of the United States signed the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) into law providing certain relief as a result of the COVID-19 pandemic. The CARES Act, among other things, includes provisions relating to net operating loss carryback periods, alternative minimum tax credit refunds, modification to the net interest deduction limitations and technical corrections to tax depreciation methods for qualified improvement property. The Company does not expect that the CARES Act will have a material impact on its consolidated financial statements.

Leases

Leases	9 Months Ended
	Sep. 30, 2020
Leases [Abstract]
Leases	NOTE 18 - LEASES In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-02, which is effective for fiscal years beginning after December 15, 2018. The Company adopted ASU No. 2016-02 prospectively as of January 1, 2019, the date of initial application, and therefore prior comparative periods were not adjusted. As part of the adoption, the Company elected the “package of expedients”, which permits the Company not to reassess under the new standard the Company’s prior conclusions about lease identification and initial direct costs. The Company did not elect the use-of hindsight or the practical expedient pertaining to land easements, the latter not being applicable to the Company. The Company has lease arrangements which are classified as short-term in nature. The Company has elected the short-term lease recognition exemption for all leases that qualify. This means, for those leases that qualify, the Company will not recognize right-of-use (“ROU”) assets or lease liabilities. The Company determines whether an arrangement is a lease at inception. The Company has operating leases for office space and office equipment. The Company’s leases have remaining lease terms of one year to seven years, some of which include options to extend the lease term for up to five years. The Company considered these options to extend in determining the lease term used to establish the Company’s right-of use assets and lease liabilities once reasonably certain of exercise. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. ROU assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. Operating lease ROU assets and operating lease liabilities are recognized at the lease commencement date based on the present value of the future lease payments over the lease term. The operating lease ROU asset also includes any lease payments made in advance of lease commencement and excludes lease incentives. The lease terms used in the calculations of the operating ROU assets and operating lease liabilities include options to extend or terminate the lease when the Company is reasonably certain that it will exercise those options. Lease expense for lease payments is recognized on a straight-line basis over the lease term. As the Company’s leases do not provide an implicit rate, the Company uses its incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. The Company has lease agreements with lease and non-lease components, which are generally not accounted for separately. Components of lease expense are as follows: Three Months Ended Nine Months Ended September 30, September 30, 2019 2020 2019 2020 Short term lease cost $ 87 $ 92 $ 231 $ 385 Supplemental cash flow information and non-cash activity related to our operating leases are as follows: Nine Months Ended September 30, 2019 2020 Non-cash activity: Right-of-use assets obtained in exchange for lease obligations $ 2,556 $ 2,485 Weighted-average remaining lease term and discount rate for our operating leases are as follows: September 30, 2020 Weighted-average remaining lease term (in years) 4.0 Weighted-average discount rate 4.59 % Scheduled maturities of operating lease liabilities outstanding as of September 30, 2020 are as follows: Year ending December 31: October - December 2020 $ 871 2021 2,078 2022 1,802 2023 1,533 2024 1,360 2025 1,505 Thereafter 248 Total lease payments 9,397 Less: Imputed interest (1,724 ) Present value of lease liabilities $ 7,673

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 19 - FAIR VALUE OF FINANCIAL INSTRUMENTS The Company’s cash and cash equivalents are carried at fair value. The carrying value of accounts receivables, accounts payable and accrued liabilities and short term bank debt approximates their fair values due to the short period to maturity of these instruments. The fair value of the Company’s long term debt is based on observable relevant market information and future cash flows discounted at current rates, which are Level 2 measurements. September 30, 2020 Carrying Amount Fair Value Long term debt $ 27,842 $ 27,842

Concentration of Customers

Concentration of Customers	9 Months Ended
	Sep. 30, 2020
Risks and Uncertainties [Abstract]
Concentration of Customers	NOTE 20 - CONCENTRATION OF CUSTOMERS For the nine-month period ended September 30, 2020, there were no customers who generated revenues greater than 10% of the Company’s consolidated total revenues or generated greater than 10% of the Company’s consolidated accounts receivable. For the nine-month period ended September 30, 2019 and as of September 30, 2019, one customer accounted for 25%, of the Company’s revenues and 20% of the Company’s accounts receivables. Two customers accounted for 23% and 21% of finance receivables as of September 30, 2019.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	NOTE 21 - COMMITMENTS AND CONTINGENCIES Except for normal operating leases, the Company is not currently subject to any material commitments. [A] Contingencies From time to time, the Company is involved in various litigation matters involving claims incidental to its business and acquisitions, including employment matters, acquisition related claims, patent infringement and contractual matters, among other issues. While the outcome of any such litigation matters cannot be predicted with certainty, management currently believes that the outcome of these proceedings, including the matters described below, either individually or in the aggregate, will not have a material adverse effect on its business, results of operations or financial condition. The Company records reserves related to legal matters when losses related to such litigation or contingencies are both probable and reasonably estimable. In August 2014, Pointer do Brasil Comercial Ltda. (“Pointer Brazil”) received a tax deficiency notice alleging that it had not paid an aggregate of $197 in VAT tax (Brazilian ICMS tax) plus $1,482 in interest and penalties as of September 30, 2020. The Company is vigorously defending this tax assessment before the administrative court. The potential timeframe for such litigation is 14 years. Where it is determined, in consultation with counsel based on litigation and settlement risks, that a loss is probable and estimable, the Company establishes an accrual. An estimate of the reasonably possible loss or range of loss cannot be made at this time due to various factors including the time frame for the litigation and a possible appeal before the judicial court for a substantial reduction of interest and penalties in case of loss before Administrative Court. In July 2015, Pointer Brazil received a tax deficiency notice alleging that the services provided by Pointer Brazil should be classified as “telecommunication services” and therefore Pointer Brazil should be subject to the state value-added tax. The aggregate amount claimed to be owed under the notice was approximately $10,680 as of September 30, 2020. On August 14, 2018, the lower chamber of the State Tax Administrative Court in São Paulo rendered a decision that was favorable to Pointer Brazil in relation to the ICMS demands, but adverse in regards to the clerical obligation of keeping in good order a set of ICMS books and related tax receipts. The remaining claim after this administrative decision is $182. The state has the opportunity to appeal to the higher chamber of the State Tax Administrative Court. The Company’s legal counsel is of the opinion that it is probable that the Company will prevail, and that no material costs will arise in respect to these claims. For this reason, the Company has not made any provision.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	9 Months Ended
	Sep. 30, 2020
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	NOTE 22 - RECENT ACCOUNTING PRONOUNCEMENTS In December 2019, the FASB issued ASU No. 2019-12, “Simplifying the Accounting for Income Taxes,” which removes certain exceptions related to the approach for intraperiod tax allocation, the methodology for calculating income taxes in an interim period, the recognition of deferred tax liabilities for outside basis differences and clarifies the accounting for transactions that result in a step-up in the tax basis of goodwill. The guidance is generally effective as of January 1, 2021, with early adoption permitted. The Company has not early adopted the new standard for 2020 and is evaluating the impact of the new guidance on our financial statements. In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments - Credit Losses (Topic 326) Measurement of Credit Losses on Financial Instruments,” which amends the guidance on measuring credit losses on financial assets held at amortized cost. The amendment is intended to address the issue that the previous “incurred loss” methodology was restrictive for an entity’s ability to record credit losses based on not yet meeting the “probable” threshold. The new language will require these assets to be valued at amortized cost presented at the net amount expected to be collected with a valuation provision. This update standard is effective for fiscal years beginning after December 15, 2022. The Company is currently evaluating the impact of this ASU on the consolidated financial statements. In January 2017, the FASB issued ASU No. 2017-04, “Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment,” which simplifies how an entity is required to test goodwill for impairment by eliminating Step 2 from the goodwill impairment test. Step 2 measures a goodwill impairment loss by comparing the implied fair value of a reporting unit’s goodwill with the carrying amount of that goodwill. Under the amendments in ASU No. 2017-04, an entity should recognize an impairment charge for the amount by which the carrying amount of a reporting unit exceeds its fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. The updated guidance requires a prospective adoption. The adoption of this standard does not have an impact on the Company’s condensed consolidated financial statements.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2020
Subsequent Events [Abstract]
Subsequent Events	NOTE 23 – SUBSEQUENT EVENTS On October 1, 2020, the Company repaid in full all outstanding obligations under, and terminated, the Notes in the aggregate principal and interest amount of $5.5 million.

Acquisitions (Tables)

Acquisitions (Tables)	9 Months Ended
	Sep. 30, 2020
Pointer Transactions [Member]
Schedule of Purchase Price Allocation on Net Assets Acquired	The following table summarizes the preliminary purchase price allocation based on estimated fair values of the net assets acquired at the acquisition date: Accounts receivable $ 19,701 Inventory 8,666 Other assets 26,461 Customer relationships 15,610 Trademark and tradename 6,096 Technology 10,911 Goodwill (a) 78,446 Less: Current liabilities assumed (21,055 ) Less: Non current liabilities assumed (14,420 ) Net assets acquired $ 130,416 (a) The goodwill is not fully deductible for tax purposes
Schedule of Pro Forma Revenue and Earnings	The following table represents the combined pro forma revenue and earnings for the three- and nine-month periods ended September 30, 2019 and 2020, respectively: Three-Months Ended Nine-months Ended September 30, 2019 September 30, 2019 Historical Pro Forma Combined Historical Pro Forma Combined Revenues $ 16,884 $ 34,703 $ 46,769 $ 99,979 Operating loss (2,126 ) (4,444 ) (6,886 ) (8,736 ) Net loss per share - basic and diluted $ (0.12 ) $ (0.22 ) $ (0.39 ) $ (0.53 )
CarrierWeb Acquisition [Member]
Schedule of Purchase Price Allocation on Net Assets Acquired	The following table summarizes the final purchase price allocation of CarrierWeb and CarrierWeb Ireland based on the fair values of the net assets acquired at the acquisition date: Accounts receivable 192 Inventory 200 Other assets 26 Customer relationships 531 Trademark and tradename 90 Patents 628 Goodwill (a) 3,108 Net assets acquired $ 4,775 (a) The goodwill is fully deductible for tax purposes

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
	Sep. 30, 2020
Revenue from Contract with Customer [Abstract]
Schedule of Revenue Disaggregated by Revenue Sources	The following table presents the Company’s revenues disaggregated by revenue source for the three- and nine-months ended September 30, 2019 and 2020: Three Months Ended September 30, Nine Months Ended September 30, 2019 2020 2019 2020 Products $ 11,062 $ 10,914 $ 28,954 $ 33,516 Services 5,822 16,688 17,815 50,650 $ 16,884 $ 27,602 $ 46,769 $ 84,166
Schedule of Deferred Revenue	The balances of contract assets, and contract liabilities from contracts with customers are as follows as of December 31, 2019 and September 30, 2020: December 31, 2019 September 30, 2020 (Unaudited) Assets: Deferred contract costs $ 2,196 $ 1,967 Deferred costs $ 8,530 $ 6,122 Liabilities: Contract liabilities (1) $ 1,098 $ 908 Deferred revenue - services (1) 5,299 6,354 Deferred revenue - products (1) 10,932 7,734 17,329 14,996 Less: Deferred revenue and contract liabilities - Current portion (8,536 ) (8,089 ) Deferred revenue and contract liabilities - less current portion $ 8,793 $ 6,907 (1) The Company records deferred revenues when cash payments are received or due in advance of the Company’s performance. For the three- and nine-month periods ended September 30, 2019 and 2020, the Company recognized revenue of $3,306 and $9,544, respectively, and $2,381 and $6,981, respectively, that was included in the deferred revenue balance at the beginning of each reporting period. The Company expects to recognize as revenue these deferred revenue balances before the year 2025, when the services are performed and, therefore, satisfies its performance obligation to the customers.

Prepaid Expenses and Other As_2

Prepaid Expenses and Other Assets (Tables)	9 Months Ended
	Sep. 30, 2020
Prepaid Expense and Other Assets [Abstract]
Schedule of Prepaid Expenses and Other Current Assets	Prepaid expenses and other current assets consist of the following: December 31, 2019 September 30, 2020 (Unaudited) Finance receivables, current $ 893 $ 715 Prepaid expenses 3,221 2,613 Contract assets 1,335 726 Other current assets 1,921 1,906 $ 7,370 $ 5,960

Inventory (Tables)

Inventory (Tables)	9 Months Ended
	Sep. 30, 2020
Inventory Disclosure [Abstract]
Schedule of Inventories	Inventories consist of the following: December 31, 2019 September 30, 2020 (Unaudited) Components $ 8,183 $ 7,843 Work in process 210 179 Finished goods 7,988 6,332 $ 16,381 $ 14,354

Fixed Assets (Tables)

Fixed Assets (Tables)	9 Months Ended
	Sep. 30, 2020
Property, Plant and Equipment [Abstract]
Schedule of Fixed Assets	Fixed assets are stated at cost, less accumulated depreciation and amortization, and are summarized as follows: December 31, 2019 September 30, 2020 (Unaudited) Installed products $ 3,180 $ 1,718 Computer software 5,635 5,665 Computer and electronic equipment 6,231 4,621 Furniture and fixtures 1,364 1,626 Leasehold improvements 641 990 17,051 14,620 Accumulated depreciation and amortization (8,811 ) (7,195 ) $ 8,240 $ 7,425

Intangible Assets and Goodwill

Intangible Assets and Goodwill (Tables)	9 Months Ended
	Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets	The following table summarizes identifiable intangible assets of the Company as of December 31, 2019 and September 30, 2020: Useful Gross Net Lives Carrying Accumulated Carrying September 30, 2020 (In Years) Amount Amortization Amount Amortized: Customer relationships 9 - 12 $ 19,264 $ (2,326 ) $ 16,938 Trademark and tradename 3 - 15 7,553 (1,091 ) 6,462 Patents 7 - 11 2,117 (1,605 ) 512 Technology 7 10,911 (2,537 ) 8,374 Favorable contract interest 4 388 (307 ) 81 Covenant not to compete 5 208 (132 ) 76 40,441 (7,998 ) 32,443 Unamortized: Customer list 104 - 104 Trademark and Tradename 61 - 61 165 - 165 Total $ 40,606 $ (7,998 ) $ 32,608 Useful Gross Net Lives Carrying Accumulated Carrying December 31, 2019 (In Years) Amount Amortization Amount Amortized: Customer relationships 9 - 12 $ 19,299 $ (1,108 ) $ 18,191 Trademark and tradename 3 - 15 7,553 (488 ) 7,065 Patents 7 - 11 2,117 (1,436 ) 681 Technology 7 10,911 (634 ) 10,277 Favorable contract interest 4 388 (234 ) 154 Covenant not to compete 5 208 (102 ) 106 40,476 (4,002 ) 36,474 Unamortized: Customer list 104 - 104 Trademark and Tradename 61 - 61 165 - 165 Total $ 40,641 $ (4,002 ) $ 36,639
Schedule of Finite-lived Intangible Assets, Future Amortization Expense	Estimated future amortization expense for each of the five succeeding fiscal years for these intangible assets is as follows: Year ending December 31: 2020 (remaining) $ 1,332 2021 5,153 2022 4,479 2023 4,434 2024 2,021 2025 1,894 Thereafter 13,130 $ 32,443

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2020
Schedule of Stock Options Activity	The following table summarizes the activity relating to the Company’s stock options for the nine-month period ended September 30, 2020: Options Weighted-Average Exercise Price Weighted-Average Remaining Contractual Term Aggregate Intrinsic Value Outstanding at beginning of year 4,078 $ 5.79 Granted 1,155 6.10 Exercised (145 ) 4.33 Forfeited or expired (1,402 ) 6.03 Outstanding at end of period 3,686 $ 5.85 8 years $ 1,884 Exercisable at end of period 994 $ 5.57 6 years $ 780
Schedule of Fair Value Stock Option Assumptions	The fair value of each option grant on the date of grant is estimated using the Black-Scholes option-pricing model reflecting the following weighted-average assumptions: September 30, 2019 2020 Expected volatility 24.2 % 44.7 % Expected life of options (in years) 3 6 Risk free interest rate 1.41 % 1.17 % Dividend yield 0 % 0 % Weighted average fair value of options granted during the period $ 2.72 $ 2.58
Schedule of Non-vested Restricted Stock Activity	A summary of all non-vested restricted stock for the nine-month period ended September 30, 2020 is as follows: Number of Non-vested Shares Weighted-Average Grant Date Fair Value Restricted stock, non-vested, beginning of year 877 $ 6.17 Granted 444 4.82 Vested (284 ) 6.16 Forfeited (101 ) 6.08 Restricted stock, non-vested, end of period 936 $ 5.55
Restricted Stock Units (RSUs) [Member]
Schedule of Non-vested Restricted Stock Activity	The following table summarizes the activity relating to the Company’s restricted stock units for the three-month period ended September 30, 2020: Number of Restricted Stock Units Weighted-Average Grant Date Fair Value Restricted stock units, non-vested, beginning of year 253 $ 5.60 Granted - - Vested (131 ) 5.60 Forfeited (28 ) 5.60 Restricted stock units, non-vested, end of period 94 $ 5.60

Net Loss Per Share (Tables)

Net Loss Per Share (Tables)	9 Months Ended
	Sep. 30, 2020
Earnings Per Share [Abstract]
Schedule of Net Loss Per Share Basic and Diluted	Net loss per share for the three- and nine-month periods ended September 30, 2019 and 2020 are as follows: Three Months Ended Nine Months Ended September 30, September 30, 2019 2020 2019 2020 Basic and diluted loss per share Net loss attributable to common stockholders $ (2,099 ) $ (1,749 ) $ (6,878 ) $ (10,064 ) Weighted-average common shares outstanding - basic and diluted 17,929 30,143 17,744 29,528 Net loss attributable to common stockholders - basic and diluted $ (0.12 ) $ (0.06 ) $ (0.39 ) $ (0.34 )

Short-Term Bank Debt and Long_2

Short-Term Bank Debt and Long-Term Debt (Tables)	9 Months Ended
	Sep. 30, 2020
Debt Disclosure [Abstract]
Schedule of Long Term Debt	December 31, 2019 September 30, 2020 (Unaudited) Short-term bank debt bearing interest at 16% per annum $ 685 $ 241 Current maturities of long-term debt $ 2,688 $ 4,909 Convertible notes payable $ 5,000 $ 5,000 Long-term debt – less current maturities $ 26,515 $ 22,933
Schedule of Maturities of Long Term Debt	Scheduled maturities of the Term A Facility and the Term B Facility as of September 30, 2020 are as follows: Year ending December 31: 2021 $ 4,909 2022 5,400 2023 5,400 2024 12,133 27,842 Less: Current portion 4,909 Total $ 22,933

Accounts Payable and Accrued _2

Accounts Payable and Accrued Expenses (Tables)	9 Months Ended
	Sep. 30, 2020
Payables and Accruals [Abstract]
Schedule of Accounts Payable and Accrued Liabilities	Accounts payable and accrued expenses consist of the following: December 31, 2019 September 30, 2020 (Unaudited) Accounts payable $ 15,400 $ 8,939 Accrued warranty 632 700 Accrued compensation 5,517 5,124 Contract liabilities 849 704 Government authorities 2,172 3,473 Other current liabilities 310 213 $ 24,880 $ 19,153
Schedule of Product Warranty Liability	The following table summarizes warranty activity for the nine-month periods ended September 30, 2019 and 2020: Nine Months Ended September 30, 2019 2020 (Unaudited) Accrued warranty reserve, beginning of period $ 422 $ 742 Accrual for product warranties issued 204 639 Product replacements and other warranty expenditures (165 ) (565 ) Expiration of warranties (124 ) 19 Accrued warranty reserve, end of period (a) $ 337 $ 835 (a) Includes non-current accrued warranty in other long-term liabilities at December 31, 2019 and September 30, 2020 of $110 and $135, respectively.

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	9 Months Ended
	Sep. 30, 2020
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The accumulated balances for each classification of other comprehensive loss for the nine-month period ended September 30, 2020 are as follows: Foreign currency items Unrealized gain (losses) on investments Accumulated other comprehensive loss Balance at January 1, 2020 $ 265 $ - $ 265 Net current period change (1,942 ) - (1,942 ) Balance at September 30, 2020 $ (1,677 ) $ - $ (1,677 ) The accumulated balances for each classification of other comprehensive loss for the nine-month period ended September 30, 2019 are as follows: Foreign currency items Unrealized gain (losses) on investments Accumulated other comprehensive loss Balance at January 1, 2019 $ (388 ) $ (47 ) $ (435 ) Net current period change 133 47 180 Balance at September 30, 2019 $ (255 ) $ - $ (255 )

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2020
Segment Reporting [Abstract]
Schedule of Revenues and Long Lived Assets by Geographical Region	The Company operates in one reportable segment, wireless IoT asset management. The following table summarizes revenues by geographic region. Three Months Ended Nine Months Ended September 30, September 30, 2019 2020 2019 2020 United States $ 15,880 $ 10,142 $ 44,315 $ 34,095 Israel - 10,124 - 28,999 Other 1,004 7,336 2,454 21,072 $ 16,884 $ 27,602 $ 46,769 $ 84,166 December 31, 2019 September 30, 2020 (unaudited) Long lived assets by geographic region: United States $ 1,931 $ 1,506 Israel 2,285 2,764 Other 4,024 3,155 $ 8,240 $ 7,425

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2020
Leases [Abstract]
Schedule of Components of Lease Expense	Components of lease expense are as follows: Three Months Ended Nine Months Ended September 30, September 30, 2019 2020 2019 2020 Short term lease cost $ 87 $ 92 $ 231 $ 385
Schedule of Cash Flow Information and Non-cash Activity of Operating Leases	Supplemental cash flow information and non-cash activity related to our operating leases are as follows: Nine Months Ended September 30, 2019 2020 Non-cash activity: Right-of-use assets obtained in exchange for lease obligations $ 2,556 $ 2,485
Schedule of Weighted Average Remaining Lease Term and Discount Rate	Weighted-average remaining lease term and discount rate for our operating leases are as follows: September 30, 2020 Weighted-average remaining lease term (in years) 4.0 Weighted-average discount rate 4.59 %
Scheduled Maturities of Operating Lease Liabilities	Scheduled maturities of operating lease liabilities outstanding as of September 30, 2020 are as follows: Year ending December 31: October - December 2020 $ 871 2021 2,078 2022 1,802 2023 1,533 2024 1,360 2025 1,505 Thereafter 248 Total lease payments 9,397 Less: Imputed interest (1,724 ) Present value of lease liabilities $ 7,673

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2020
Fair Value Disclosures [Abstract]
Schedule of Fair Value of Financial Instruments	The fair value of the Company’s long term debt is based on observable relevant market information and future cash flows discounted at current rates, which are Level 2 measurements. September 30, 2020 Carrying Amount Fair Value Long term debt $ 27,842 $ 27,842

Description of the Company an_2

Description of the Company and Basis of Presentation (Details Narrative) - USD ($) $ in Thousands	Nov. 27, 2019	Sep. 30, 2020	May 14, 2020	Dec. 31, 2019	[1]	Sep. 30, 2019	Dec. 31, 2018
Cash, cash equivalents		$ 21,077		$ 16,395		$ 5,560	$ 10,159
Working capital		30,450
Line of credit facility, borrowing capacity
Common stock having an aggregate offering price			$ 25,000,000
Common Stock, Preferred Stock, Warrants, Debt Securities, and Units, or Any Combination [Member]
Sale of stock, description of transaction	The Company has on file a shelf registration statement on Form S-3 that was declared effective by the Securities and Exchange Commission (the "SEC") on November 27, 2019. Pursuant to the shelf registration statement, the Company may offer to the public from time to time, in one or more offerings, up to $60,000 of its common stock, preferred stock, warrants, debt securities, and units, or any combination of the foregoing, at prices and on terms to be determined at the time of any such offering.
Common stock having an aggregate offering price	$ 60,000
Revolving Credit Facility [Member]
Debt instrument, face amount		$ 10,000
Line of credit facility, expiration period		5 years
Two Senior Secured Term Loan [Member]
Debt instrument, face amount		$ 30,000
Facilities One [Member]
Debt instrument, face amount		20,000
Facilities Two [Member]
Debt instrument, face amount		$ 10,000
[1]	Derived from audited balance sheet as of December 31, 2019.

Acquisitions (Details Narrative

Acquisitions (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands

Oct. 03, 2019

Jul. 30, 2019

Jan. 30, 2019

Apr. 30, 2019

Sep. 30, 2020

Jun. 30, 2020

Mar. 31, 2020

Sep. 30, 2019

Jun. 30, 2019

Mar. 31, 2019

Sep. 30, 2020

Sep. 30, 2019

Jan. 11, 2019

Line of credit facility, borrowing capacity

Stock issued during period for common stock acquisition

Acquisition related expenses

$ 1,611

$ 4,673

Common Stock [Member]

Stock issued during period for common stock acquisition

27,000

Pointer Transactions [Member]

Cash consideration on merger, price

$ 8.50

Stock consideration on merger

$ 1,272,000

Total consideration of the transactions

$ 130,416

Pointer Transactions [Member] | Credit Agreement [Member]

Line of credit facility, borrowing capacity

30,000

Pointer Transactions [Member] | Series A Convertible Preferred Stock [Member]

Total consideration of the transactions

$ 50,000

Total consideration of shares

50,000

Pointer Transactions [Member] | Common Stock [Member]

Total consideration of the transactions

$ 58,801

Total consideration of shares

10,756,000

Pointer Transactions [Member] | Cash Paid at Closing [Member]

Total consideration of the transactions

$ 71,874

Pointer Transactions [Member] | Share-based Awards [Member]

Total consideration of the transactions

$ 461

Pointer Transactions [Member] | 2018 Plan [Member]

Option to purchase transaction description

The Pointer Merger Effective Time, each award of options to purchase Pointer ordinary shares that was outstanding and unvested immediately prior to such time was cancelled and substituted with options to purchase shares of PowerFleet common stock under the Company's 2018 Incentive Plan on the same material terms and conditions as were applicable to the corresponding option immediately prior to the Pointer Merger Effective Time, except that (i) the number of shares of PowerFleet common stock underlying such substituted option is equal to the product of (A) the number of Pointer ordinary shares underlying such option immediately prior to the Pointer Merger Effective Time multiplied by (B) 2.544, with any fractional shares rounded down to the nearest whole number of shares of PowerFleet common stock, and (ii) the per-share exercise price is equal to the quotient obtained by dividing (A) the exercise price per Pointer ordinary share subject to such option immediately prior to the Pointer Merger Effective Time by (B) 2.544 (rounded up to the nearest whole cent).

Fractional shares

2,544,000

CarrierWeb US Acquisition [Member]

Aggregate consideration for acquisition

$ 3,500

Closing cash payment

2,800

Cash amount in acquisition

2,150

Principal and interest outstanding

$ 650

Repayment of loan amount

$ 700

CarrierWeb Ireland Acquisitions [Member]

Principal and interest outstanding

$ 300

CarrierWeb Ireland Acquisition [Member]

Closing cash payment

$ 550

Stock issued during period for common stock acquisition

127,000

Stock issued during the period for repayment of loans

56,000

Stock issued during the period for repayment of loans, value

$ 300

Number of shares held back

44,000

Estimated fair value of held back

$ 250

CarrierWeb Acquisitions [Member]

Aggregate consideration for acquisition

$ 1,111

3,087

Acquisition related expenses

$ 15

$ 145

Acquisitions - Schedule of Purc

Acquisitions - Schedule of Purchase Price Allocation on Net Assets Acquired (Details) - USD ($) $ in Thousands		Sep. 30, 2020	Dec. 31, 2019	[1]	Oct. 03, 2019	Jan. 30, 2019
Goodwill		$ 88,872	$ 89,068
Pointer Telocation Ltd., [Member]
Accounts receivable					$ 19,701
Inventory					8,666
Other assets					26,461
Customer relationships					15,610
Trademark and tradename					6,096
Technology					10,911
Goodwill	[2]				78,446
Less: Current liabilities assumed					(21,055)
Less: Non current liabilities assumed					(14,420)
Net assets acquired					$ 130,416
CarrierWeb Acquisition [Member]
Accounts receivable						$ 192
Inventory						200
Other assets						26
Customer relationships						531
Trademark and tradename						90
Patents						628
Goodwill	[3]					3,108
Net assets acquired						$ 4,775
[1]	Derived from audited balance sheet as of December 31, 2019.
[2]	The goodwill is not fully deductible for tax purposes
[3]	The goodwill is fully deductible for tax purposes.

Acquisitions - Schedule of Pro

Acquisitions - Schedule of Pro Forma Revenue and Earnings (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019
Historical [Member]
Revenues	$ 16,884	$ 46,769
Operating loss	$ (2,126)	$ (6,886)
Net loss per share - basic and diluted	$ (0.12)	$ (0.39)
Pro Forma Combined [Member]
Revenues	$ 34,703	$ 99,979
Operating loss	$ (4,444)	$ (8,736)
Net loss per share - basic and diluted	$ (0.22)	$ (0.53)

Revenue Recognition - Schedule

Revenue Recognition - Schedule of Revenue Disaggregated by Revenue Sources (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Total Revenue	$ 27,602	$ 16,884	$ 84,166	$ 46,769
Products [Member]
Total Revenue	10,914	11,062	33,516	28,954
Services [Member]
Total Revenue	$ 16,688	$ 5,822	$ 50,650	$ 17,815

Revenue Recognition - Schedul_2

Revenue Recognition - Schedule of Deferred Revenue (Details) - USD ($) $ in Thousands		Sep. 30, 2020		Dec. 31, 2019
Deferred logistics visibility solutions costs		$ 6,122		$ 8,530
Deferred revenue		14,996	[1]	17,329
Less: Deferred revenue and contract liabilities - Current portion		7,385		7,687	[2]
Deferred revenue and contract liabilities - less current portion		6,703		8,544	[2]
Deferred Contract Costs [Member]
Deferred logistics visibility solutions costs				2,196
Contract Liabilities [Member]
Deferred revenue	[1]	908		1,098
Deferred Revenue - Service [Member]
Deferred revenue	[1]	6,354		5,299
Deferred Revenue - Products [Member]
Deferred revenue	[1]	$ 7,734		$ 10,932
[1]	The Company records deferred revenues when cash payments are received or due in advance of the Company's performance. For the three- and nine-month periods ended September 30, 2019 and 2020, the Company recognized revenue of $ 3,306 and $9,544, respectively, and $2,381 and $6,981, respectively, that was included in the deferred revenue balance at the beginning of each reporting period. The Company expects to recognize as revenue these deferred revenue balances before the year 2025, when the services are performed and, therefore, satisfies its performance obligation to the customer
[2]	Derived from audited balance sheet as of December 31, 2019.

Revenue Recognition - Schedul_3

Revenue Recognition - Schedule of Deferred Revenue (Details) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Revenue from Contract with Customer [Abstract]
Revenue recognized	$ 2,381	$ 3,306	$ 6,981	$ 9,544

Prepaid Expenses and Other As_3

Prepaid Expenses and Other Assets - Schedule of Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Prepaid Expense and Other Assets [Abstract]
Finance receivables, current	$ 715	$ 893
Prepaid expenses	2,613	3,221
Contract assets	726	1,335
Other current assets	1,906	1,921
Prepaid expenses and other current assets	$ 5,960	$ 7,370	[1]
[1]	Derived from audited balance sheet as of December 31, 2019.

Inventory (Details Narrative)

Inventory (Details Narrative) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Inventory Disclosure [Abstract]
Inventory valuation reserves	$ 705	$ 487

Inventory - Schedule of Invento

Inventory - Schedule of Inventories (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Inventory Disclosure [Abstract]
Components	$ 7,843	$ 8,183
Work in process	179	210
Finished goods	6,332	7,988
Inventory, Net	$ 14,354	$ 16,381	[1]
[1]	Derived from audited balance sheet as of December 31, 2019.

Fixed Assets (Details Narrative

Fixed Assets (Details Narrative) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Property, Plant and Equipment [Line Items]
Depreciation and amortization expense	$ 777	$ 194	$ 2,163	$ 573
Computer Software [Member]
Property, Plant and Equipment [Line Items]
Amortization expense	$ 128	$ 131	$ 389	$ 397

Fixed Assets - Schedule of Fixe

Fixed Assets - Schedule of Fixed Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 14,620	$ 17,051
Accumulated depreciation and amortization	(7,195)	(8,811)
Property, plant and equipment, net	7,425	8,240	[1]
Installed Products [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	1,718	3,180
Computer Software [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	5,665	5,635
Computer and Electronic Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	4,621	6,231
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	1,626	1,364
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 990	$ 641
[1]	Derived from audited balance sheet as of December 31, 2019.

Intangible Assets and Goodwil_2

Intangible Assets and Goodwill (Details Narrative) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Finite-Lived Intangible Assets [Line Items]
Weighted amortization period for intangible assets			9 years 2 months 12 days
Amortization expense	$ 1,331	$ 253	$ 3,996	$ 726
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted amortization period for intangible assets			11 years 10 months 25 days
Trademarks and Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted amortization period for intangible assets			9 years 7 months 6 days
Patents [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted amortization period for intangible assets			9 years 9 months 18 days
Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted amortization period for intangible assets			4 years 3 months 19 days
Favorable Contract Interests [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted amortization period for intangible assets			4 years
Covenant Not to Compete [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted amortization period for intangible assets			5 years

Intangible Assets and Goodwil_3

Intangible Assets and Goodwill - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2020	Dec. 31, 2019
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross Carrying Amount	$ 40,441	$ 40,476
Finite-Lived Intangible Assets, Accumulated Amortization	(7,998)	(4,002)
Finite-Lived Intangible Assets, Net, Total	32,443	36,474
Indefinite-Lived Intangible Assets (Excluding Goodwill), Gross	165	165
Indefinite-Lived Intangible Assets (Excluding Goodwill)	165	165
Intangible Assets Gross	40,606	40,641
Intangible Assets, Accumulated Amortization	(7,998)	(4,002)
Total	32,608	36,639	[1]
Trademark and Tradename [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross Carrying Amount	7,553	7,553
Finite-Lived Intangible Assets, Accumulated Amortization	(1,091)	(488)
Finite-Lived Intangible Assets, Net, Total	6,462	7,065
Indefinite-Lived Intangible Assets (Excluding Goodwill), Gross	61	61
Indefinite-Lived Intangible Assets (Excluding Goodwill)	$ 61	$ 61
Trademark and Tradename [Member] | Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Lives (In Years)	3 years	3 years
Trademark and Tradename [Member] | Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Lives (In Years)	15 years	15 years
Customer List [Member]
Finite-Lived Intangible Assets [Line Items]
Indefinite-Lived Intangible Assets (Excluding Goodwill), Gross	$ 104	$ 104
Indefinite-Lived Intangible Assets (Excluding Goodwill)	104	104
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross Carrying Amount	19,264	19,299
Finite-Lived Intangible Assets, Accumulated Amortization	(2,326)	(1,108)
Finite-Lived Intangible Assets, Net, Total	$ 16,938	$ 18,191
Customer Relationships [Member] | Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Lives (In Years)	9 years	9 years
Customer Relationships [Member] | Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Lives (In Years)	12 years	12 years
Patents [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross Carrying Amount	$ 2,117	$ 2,117
Finite-Lived Intangible Assets, Accumulated Amortization	(1,605)	(1,436)
Finite-Lived Intangible Assets, Net, Total	$ 512	$ 681
Patents [Member] | Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Lives (In Years)	7 years	7 years
Patents [Member] | Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Lives (In Years)	11 years	11 years
Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Lives (In Years)	7 years	7 years
Finite-Lived Intangible Assets, Gross Carrying Amount	$ 10,911	$ 10,911
Finite-Lived Intangible Assets, Accumulated Amortization	(2,537)	(634)
Finite-Lived Intangible Assets, Net, Total	$ 8,374	$ 10,277
Favorable Contract Interest [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Lives (In Years)	4 years	4 years
Finite-Lived Intangible Assets, Gross Carrying Amount	$ 388	$ 388
Finite-Lived Intangible Assets, Accumulated Amortization	(307)	(234)
Finite-Lived Intangible Assets, Net, Total	$ 81	$ 154
Covenant Not to Compete [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Lives (In Years)	5 years	5 years
Finite-Lived Intangible Assets, Gross Carrying Amount	$ 208	$ 208
Finite-Lived Intangible Assets, Accumulated Amortization	(132)	(102)
Finite-Lived Intangible Assets, Net, Total	$ 76	$ 106
[1]	Derived from audited balance sheet as of December 31, 2019.

Intangible Assets and Goodwil_4

Intangible Assets and Goodwill - Schedule of Finite-lived Intangible Assets, Future Amortization Expense (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
2020 (remaining)	$ 1,332
2021	5,153
2021	4,479
2022	4,434
2023	2,021
2024	1,894
Thereafter	13,130
Finite-Lived Intangible Assets, Net, Total	$ 32,443	$ 36,474

Stock-Based Compensation (Detai

Stock-Based Compensation (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands	Mar. 13, 2019	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting description				Vest and become exercisable in full on December 31, 2022 if the volume weighted average price of the Company's common stock during a consecutive 30 trading day period (the "30 Day VWAP") reaches $12.00 at any point prior to December 31, 2022, and (ii) options to purchase 350,000 shares of the Company's common stock to Mr. Wolfe and options to purchase 150,000 shares of the Company's common stock to Mr. Mavrommatis (the "New Closing Options"), which options are subject to the terms of the 2018 Plan, have an exercise price of $6.00 per share, and will vest and become exercisable immediately upon the Company achieving a 30 Day VWAP of $10.00.
Risk free interest rate				1.17%	1.41%
Expected stock price volatility				44.70%	24.20%
Expected life of awards				6 years	3 years
Weighted average fair value of options granted during the period		$ 2.58	$ 2.72	$ 2.58	$ 2.72
Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options granted to purchase shares of common stock				1,155,000
Options exercise price per share				$ 6.10
Share-based compensation expense		$ 366	$ 161	$ 1,209	$ 458
Share-based compensation, fair value of options vested				1,194	363
Share-based compensation, intrinsic value of options exercised				228	112
Share-based compensation, nonvested awards, not yet recognized		4,124		$ 4,124
Share-based compensation, nonvested awards, not yet recognized, period for recognition				4 years 1 month 27 days
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense		593	387	$ 1,641	1,274
Share-based compensation, nonvested awards, not yet recognized		3,689		$ 3,689
Share-based compensation, nonvested awards, not yet recognized, period for recognition				2 years 22 days
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense		33	$ 0	$ 228	$ 0
Share-based compensation, nonvested awards, not yet recognized		$ 317		$ 317
Share-based compensation, nonvested awards, not yet recognized, period for recognition				1 year 6 months 10 days
Geometric Brownian Motion [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk free interest rate				0.70%
Expected stock price volatility				47.00%
Expected life of awards				6 years
Weighted average fair value of options granted during the period		$ 1.27		$ 1.27
Closing Bonus Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options exercise price per share	$ 6
New Singing Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options exercise price per share				$ 6.28
2018 Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options exercise price per share	$ 6.28
Chief Executive Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options granted to purchase shares of common stock	350,000			350,000
Chief Financial Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options granted to purchase shares of common stock	150,000			150,000
Mr. Wolfe [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options granted to purchase shares of common stock				150,000
Options exercise price per share				$ 10

Stock-Based Compensation - Sche

Stock-Based Compensation - Schedule of Stock Options Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended				9 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Sep. 30, 2019	Sep. 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, Exercised
Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, Outstanding at Beginning of Year			4,078,000		4,078,000
Options, Granted					1,155,000
Options, Exercised					(145,000)
Options, Forfeited or Expired					(1,402,000)
Options, Outstanding at end of period	3,686,000				3,686,000
Options, Exercisable at end of period	994,000				994,000
Weighted-average Exercise Price, Outstanding at Beginning of Year			$ 5.79		$ 5.79
Weighted-average Exercise Price, Granted					6.10
Weighted-average Exercise Price, Exercised					4.33
Weighted-average Exercise Price, Forfeited or Expired					6.03
Weighted-average Exercise Price, Outstanding at end of period	$ 5.85				5.85
Weighted-average Exercise Price, Exercisable at end of period	$ 5.57				$ 5.57
Weighted-Average Remaining Contractual Term					8 years
Weighted-Average Remaining Contractual Term, Exercisable					6 years
Aggregate Intrinsic Value, Ending	$ 1,884				$ 1,884
Aggregate Intrinsic Value, Exercisable	$ 780				$ 780

Stock-Based Compensation - Sc_2

Stock-Based Compensation - Schedule of Fair Value Stock Option Assumptions (Details) - $ / shares	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Share-based Payment Arrangement [Abstract]
Expected volatility	44.70%	24.20%
Expected life of options (in years)	6 years	3 years
Risk free interest rate	1.17%	1.41%
Dividend yield	0.00%	0.00%
Weighted average fair value of options granted during the period	$ 2.58	$ 2.72

Stock-Based Compensation - Sc_3

Stock-Based Compensation - Schedule of Non-vested Restricted Stock Activity (Details)	9 Months Ended
	Sep. 30, 2020$ / sharesshares
Restricted Stock [Member]
Number of Non-vested Shares | shares	877,000
Number of Non-vested Shares, Granted | shares	444,000
Number of Non-vested Shares, Vested | shares	(284,000)
Number of Non-vested Shares, Forfeited | shares	(101,000)
Number of Non-vested Shares | shares	936,000
Weighted- Average Grant Date Fair Value, Non-vested, Beginning of Year | $ / shares	$ 6.17
Weighted- Average Grant Date Fair Value, Granted | $ / shares	4.82
Weighted- Average Grant Date Fair Value, Vested | $ / shares	6.16
Weighted- Average Grant Date Fair Value, Forfeited | $ / shares	6.08
Weighted- Average Grant Date Fair Value, Non-vested, End of Period | $ / shares	$ 5.55
Restricted Stock Units (RSUs) [Member]
Number of Non-vested Shares | shares	253,000
Number of Non-vested Shares, Granted | shares
Number of Non-vested Shares, Vested | shares	(131,000)
Number of Non-vested Shares, Forfeited | shares	(28,000)
Number of Non-vested Shares | shares	94,000
Weighted- Average Grant Date Fair Value, Non-vested, Beginning of Year | $ / shares	$ 5.60
Weighted- Average Grant Date Fair Value, Granted | $ / shares
Weighted- Average Grant Date Fair Value, Vested | $ / shares	5.60
Weighted- Average Grant Date Fair Value, Forfeited | $ / shares	5.60
Weighted- Average Grant Date Fair Value, Non-vested, End of Period | $ / shares	$ 5.60

Net Loss Per Share (Details Nar

Net Loss Per Share (Details Narrative) - shares	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Earnings Per Share [Abstract]
Antidilutive securities excluded from computation of earnings per share, amount	12,070,000	2,632,000

Net Loss Per Share - Schedule o

Net Loss Per Share - Schedule of Net Loss Per Share Basic and Diluted (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2020	Sep. 30, 2019
Earnings Per Share [Abstract]
Net loss attributable to common stockholders	$ (1,749)	$ (3,766)	$ (4,549)	$ (2,099)	$ (2,585)	$ (2,194)	$ (10,064)	$ (6,878)
Weighted-average common shares outstanding - basic and diluted	30,143,000			17,929,000			29,528,000	17,744,000
Net loss attributable to common stockholders - basic and diluted	$ (0.06)			$ (0.12)			$ (0.34)	$ (0.39)

Short-Term Bank Debt and Long_3

Short-Term Bank Debt and Long-Term Debt (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands	May 13, 2020	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Credit Agreement [Member]
Proceeds from long term debt				$ 30,000
Restricted deposit amount		$ 3,000		3,000
Debt issuance costs		742		742
Amortization of debt issuance costs		19		56
Interest expense		371	$ 0	1,114	$ 0
Notes Payable [Member]
Debt, principal amount		$ 5,000		$ 5,000
Debt interest rate		10.00%		10.00%
Debt maturity date				Sep. 30, 2020
Debt conversion price per share		$ 1,000		$ 1,000
Convertible Unsecured Promissory Notes [Member] | Investors [Member]
Debt instrument, description	On May 13, 2020, the Company and the Investors amended and restated the Notes to, among other things, (i) remove the conversion feature of the Notes, (ii) provide for certain mandatory prepayment obligations of the Company on or following October 1, 2020, and (iii) extend the maturity date of the Notes to March 31, 2021. The Notes were repaid on October 1, 2021 (see Note 23).
Two Loan Facilities [Member] | Credit Agreement [Member]
Debt, principal amount		$ 30,000		$ 30,000
Term A Facility [Member] | Credit Agreement [Member]
Debt, principal amount		$ 20,000		$ 20,000
Debt interest rate		4.73%		4.73%
Term B Facility [Member] | Credit Agreement [Member]
Debt, principal amount		$ 10,000		$ 10,000
Debt interest rate		5.89%		5.89%
Revolving Facility [Member] | Credit Agreement [Member]
Debt, principal amount		$ 10,000		$ 10,000
Debt term				5 years
Revolving credit facility
Debt interest rate description				The interest rate for the Revolving Facility is, with respect to NIS-denominated loans, Hapoalim's prime rate + 2.5%, and with respect to US dollar-denominated loans, LIBOR + 4.6%. In addition, the Company pays a 1% commitment fee on the unutilized and uncancelled availability under the Revolving Facility.

Short-Term Bank Debt and Long_4

Short-Term Bank Debt and Long-Term Debt - Schedule of Long Term Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Debt Disclosure [Abstract]
Short-term bank debt bearing interest at 16% per annum	$ 241	$ 685
Current maturities of long-term debt	4,909	2,688
Convertible notes payable	5,000	5,000	[1]
Long-term debt - less current maturities	$ 22,933	$ 26,515	[1]
[1]	Derived from audited balance sheet as of December 31, 2019.

Short-Term Bank Debt and Long_5

Short-Term Bank Debt and Long-Term Debt - Schedule of Maturities of Long Term Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Debt Disclosure [Abstract]
2021	$ 4,909
2022	5,400
2023	5,400
2024	12,133
Long term debt	27,842
Less: Current portion	4,909	$ 2,688
Total	$ 22,933	$ 26,515	[1]
[1]	Derived from audited balance sheet as of December 31, 2019.

Accounts Payable and Accrued _3

Accounts Payable and Accrued Expenses (Details Narrative)	9 Months Ended
	Sep. 30, 2020
Payables and Accruals [Abstract]
Warranty term description	The Company's products are warranted against defects in materials and workmanship for a period of one to three years from the date of acceptance of the product by the customer.
Extended warranty coverage term	60 months

Accounts Payable and Accrued _4

Accounts Payable and Accrued Expenses - Schedule of Accounts Payable and Accrued Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Payables and Accruals [Abstract]
Accounts payable	$ 8,939	$ 15,400
Accrued warranty	700	632
Accrued compensation	5,124	5,517
Contract liabilities	704	849
Government authorities	3,473	2,172
Other current liabilities	213	310
Accounts payable and accrued expenses	$ 19,153	$ 24,880	[1]
[1]	Derived from audited balance sheet as of December 31, 2019.

Accounts Payable and Accrued _5

Accounts Payable and Accrued Expenses - Schedule of Product Warranty Liability (Details) - USD ($) $ in Thousands		9 Months Ended
		Sep. 30, 2020	Sep. 30, 2019
Payables and Accruals [Abstract]
Accrued warranty reserve, beginning of period		$ 742	$ 422
Accrual for product warranties issued		639	204
Product replacements and other warranty expenditures		(565)	(165)
Expiration of warranties		19	(124)
Accrued warranty reserve, end of period	[1]	$ 835	$ 337
[1]	Includes non-current accrued warranty in other long-term liabilities at December 31, 2019 and September 30, 2020 of $110 and $135, respectively.

Accounts Payable and Accrued _6

Accounts Payable and Accrued Expenses - Schedule of Product Warranty Liability (Details) (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Payables and Accruals [Abstract]
Accrued warranty in other liabilities	$ 135	$ 110

Stockholders' Equity (Details N

Stockholders' Equity (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands	May 14, 2020	Sep. 30, 2020	Dec. 31, 2019	Oct. 03, 2019
Equity, Class of Treasury Stock [Line Items]
Preferred stock, shares authorized		150,000	50,000
Preferred stock, par value		$ 0.01	$ 0.01
Equity Distribution Agreement [Member] | Canaccord Genuity LLC [Member]
Equity, Class of Treasury Stock [Line Items]
Proceeds from offering price	$ 25,000
Commission percentage	3.00%
Sales Agreement [Member] | Canaccord Genuity LLC [Member]
Equity, Class of Treasury Stock [Line Items]
Sale of stock	810,000
Proceeds from sale of stock	$ 4,000
Commissions	$ 125,000
Undesignated [Member]
Equity, Class of Treasury Stock [Line Items]
Preferred stock, shares authorized		50,000
Series A Preferred Stock [Member]
Equity, Class of Treasury Stock [Line Items]
Preferred stock, shares authorized		100,000
Preferred stock, shares issued				50,000
Preferred stock, liquidation price per share		$ 1,000
Preferred stock, liquidation preference description		The Series A Preferred Stock has a liquidation preference equal to the greater of (i) the original issuance price of $1,000.00 per share, subject to certain adjustments (the "Series A Issue Price"), plus all accrued and unpaid dividends thereon (except in the case of a deemed liquidation event, then 150% of such amount) and (ii) the amount such holder would have received if the Series A Preferred Stock had converted into common stock immediately prior to such liquidation.
Number of shares issued for dividends		3,000
Preferred stock, voting rights		From and after the delivery of a Series A Voting Activation Notice, all holders of the Series A Preferred Stock will be entitled to vote with the holders of common stock as a single class on an as-converted basis (provided, however, that any holder of Series A Preferred Stock shall not be entitled to cast votes for the number of shares of common stock issuable upon conversion of such shares of Series A Preferred Stock held by such holder that exceeds the quotient of (1) the aggregate Series A Issue Price for such shares of Series A Preferred Stock divided by (2) $5.57 (subject to adjustment for stock splits, stock dividends, combinations, reclassifications and similar events, as applicable)). So long as shares of Series A Preferred Stock are outstanding and convertible into shares of common stock that represent at least 10% of the voting power of the common stock, or the Investors or their affiliates continue to hold at least 33% of the aggregate amount of Series A Preferred Stock issued to the Investors on the Original Issuance Date, the consent of the holders of at least a majority of the outstanding shares of Series A Preferred Stock will be necessary for the Company to, among other things, (i) liquidate the Company or any operating subsidiary or effect any deemed liquidation event (as such term is defined in the Charter), except for a deemed liquidation event in which the holders of Series A Preferred Stock receive an amount in cash not less than the Redemption Price (as defined below), (ii) amend the Company's organizational documents in a manner that adversely affects the Series A Preferred Stock, (iii) issue any securities that are senior to, or equal in priority with, the Series A Preferred Stock or issue additional shares of Series A Preferred Stock to any person other than the Investors or their affiliates, (iv) incur indebtedness above the agreed-upon threshold, (v) change the size of the Company's board of directors to a number other than seven, or (vi) enter into certain affiliated arrangements or transactions.
Dividend in arrears		$ 0
Conversion price per share		$ 7.319
Redemption, description		At any time after the third anniversary of the Original Issuance Date, subject to certain conditions, the Company may redeem the Series A Preferred Stock for an amount per share, equal to the greater of (i) the product of (x) 1.5 multiplied by (y) the sum of the Series A Issue Price, plus all accrued and unpaid dividends and (ii) the product of (x) the number of shares of common stock issuable upon conversion of such Series A Preferred Stock multiplied by (y) the volume weighted average price of the common stock during the 30 consecutive trading day period ending on the trading date immediately prior to the date of such redemption notice or, if calculated in connection with a deemed liquidation event, the value ascribed to a share of common stock in such deemed liquidation event (the "Redemption Price").
Series A Preferred Stock [Member] | Minimum [Member]
Equity, Class of Treasury Stock [Line Items]
Preferred stock, dividend rate		7.50%
Series A Preferred Stock [Member] | Maximum [Member]
Equity, Class of Treasury Stock [Line Items]
Preferred stock, dividend rate		17.50%

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (Details Narrative) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive gain (loss) foreign currency translation adjustment	$ (22)	$ 191	$ (1,942)	$ 133
Foreign currency transaction gains (losses)	296	$ (258)	155	$ (288)
Long-Term Debt [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Foreign currency transaction gains (losses)	$ (220)		$ (130)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Loss - Schedule of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020		Sep. 30, 2019
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Foreign currency items, Balance at Beginning			$ 265		$ (388)
Foreign currency items, Net current period change			(1,942)		133
Foreign currency items, Balance at End	$ (1,677)	$ (255)	(1,677)		(255)
Unrealized gain (losses) on investments, Balance at Beginning					(47)
Unrealized gain (losses) on investments, Net current period change					47
Unrealized gain (losses) on investments, Balance at End
Accumulated other comprehensive loss, Balance at Beginning			265	[1]	(435)
Accumulated other comprehensive loss, Net current period change	(22)	191	(1,942)		180
Accumulated other comprehensive loss, Balance at End	$ (1,677)	$ (255)	$ (1,677)		$ (255)
[1]	Derived from audited balance sheet as of December 31, 2019.

Segment Information (Details Na

Segment Information (Details Narrative)	9 Months Ended
	Sep. 30, 2020Integer
Segment Reporting [Abstract]
Number of reportable segment	1

Segment Information - Schedule

Segment Information - Schedule of Revenues and Long Lived Assets by Geographical Region (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Total Revenue	$ 27,602	$ 16,884	$ 84,166	$ 46,769
Long lived assets	7,425		7,425		$ 8,240
United States [Member]
Total Revenue	10,142	15,880	34,095	44,315
Long lived assets	1,506		1,506		1,931
Israel [Member]
Total Revenue	10,124		28,999
Long lived assets	2,764		2,764		2,285
Other [Member]
Total Revenue	7,336	$ 1,004	21,072	$ 2,454
Long lived assets	$ 3,155		$ 3,155		$ 4,024

Income Taxes (Details Narrative

Income Taxes (Details Narrative)	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Income Tax Disclosure [Abstract]
Effective tax reconciliation rate	(21.60%)	0.00%

Leases (Details Narrative)

Leases (Details Narrative)	9 Months Ended
	Sep. 30, 2020
Options to extend lease term	Up to five years
Minimum [Member]
Operating lease, remaining lease term	1 year
Maximum [Member]
Operating lease, remaining lease term	7 years

Leases - Schedule of Components

Leases - Schedule of Components of Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Leases [Abstract]
Short term lease cost	$ 92	$ 87	$ 385	$ 231

Leases - Schedule of Cash Flow

Leases - Schedule of Cash Flow Information and Non-cash Activity of Operating Leases (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Leases [Abstract]
Right-of-use assets obtained in exchange for lease obligations	$ 2,485	$ 2,556

Leases - Schedule of Weighted A

Leases - Schedule of Weighted Average Remaining Lease Term and Discount Rate (Details)	Sep. 30, 2020
Leases [Abstract]
Weighted-average remaining lease term (in years)	4 years
Weighted-average discount rate	4.59%

Leases - Scheduled Maturities o

Leases - Scheduled Maturities of Operating Lease Liabilities (Details) $ in Thousands	Sep. 30, 2020USD ($)
Leases [Abstract]
October - December 2020	$ 871
2021	2,078
2022	1,802
2023	1,533
2024	1,360
2025	1,505
Thereafter	248
Total lease payments	9,397
Less: Imputed interest	(1,724)
Present value of lease liabilities	$ 7,673

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Schedule of Fair Value of Financial Instruments (Details) - Fair Value, Inputs, Level 2 [Member] $ in Thousands	Sep. 30, 2020USD ($)
Long term debt, carrying amount	$ 27,842
Long term debt, fair value	$ 27,842

Concentration of Customers (Det

Concentration of Customers (Details Narrative)	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Revenues [Member]
Concentration risk, percentage	10.00%
Revenues [Member] | One Customer [Member]
Concentration risk, percentage		25.00%
Accounts Receivables [Member]
Concentration risk, percentage	10.00%
Accounts Receivables [Member] | Customer One [Member]
Concentration risk, percentage		20.00%
Finance Receivables [Member] | Customer One [Member]
Concentration risk, percentage		23.00%
Finance Receivables [Member] | Customer Two [Member]
Concentration risk, percentage		21.00%

Commitments and Contingencies (

Commitments and Contingencies (Details Narrative) - Brasil Commercial Ltda [Member] - USD ($) $ in Thousands	Aug. 14, 2018	Sep. 30, 2020
Tax deficieny value		$ 197
Interest and penalties		$ 1,482
Litigation timeframe		14 years
Aggregated amount of claims during period		$ 10,680
Remaining Claim After Administrative Decisions [Member]
Aggregated amount of claims during period	$ 182

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) $ in Thousands	Oct. 01, 2020USD ($)
Subsequent Event [Member] | Promissory Note [Member]
Debt instruement principal and interest amount	$ 5,500