PowerFleet (AIOT) 10-Q 12 May 21 2021 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2021	May 10, 2021
Cover [Abstract]
Entity Registrant Name	PowerFleet, Inc.
Entity Central Index Key	0001774170
Document Type	10-Q
Document Period End Date	Mar. 31, 2021
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		35,985,274
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2021

Condensed Balance Sheets

Condensed Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 40,951	$ 18,127	[1]
Restricted cash	308	308	[1]
Accounts receivable, net of allowance for doubtful accounts of $2,364 and $2,461 in 2020 and 2021, respectively	26,564	24,147	[1]
Inventory, net	13,160	12,873	[1]
Deferred costs - current	2,960	3,128	[1]
Prepaid expenses and other current assets	6,538	6,184	[1]
Total current assets	90,481	64,767	[1]
Deferred costs - less current portion	1,677	2,233	[1]
Fixed assets, net	8,465	8,804	[1]
Goodwill	83,344	83,344	[1]
Intangible assets, net	29,977	31,276	[1]
Right of use asset	9,809	9,700	[1]
Severance payable fund	3,890	4,056	[1]
Deferred tax asset	889	1,506	[1]
Other assets	3,068	3,115	[1]
Total assets	231,600	208,801	[1]
Current liabilities:
Short-term bank debt and current maturities of long-term debt	5,658	5,579	[1]
Accounts payable and accrued expenses	20,923	20,225	[1]
Deferred revenue - current	8,356	7,339	[1]
Lease liability - current	2,303	2,755	[1]
Total current liabilities	37,240	35,898	[1]
Long-term debt, less current maturities	20,956	23,179	[1]
Deferred revenue - less current portion	5,554	6,006	[1]
Lease liability - less current portion	7,630	7,050	[1]
Accrued severance payable	4,505	4,714	[1]
Other long-term liabilities	640	674	[1]
Total liabilities	76,525	77,521	[1]
Commitments and Contingencies (note 20)
MEZZANINE EQUITY
Convertible redeemable preferred stock: Series A - 100 shares authorized, $0.01 par value; 55 and 55 shares issued and outstanding at December 31, 2020 and March 31, 2021	52,160	51,992	[1]
Preferred stock; authorized 50,000 shares, $0.01 par value;			[1]
Common stock; authorized 75,000 shares, $0.01 par value; 32,280 and 37,280 shares issued at December 31, 2020 and March 31, 2021, respectively; shares outstanding, 31,101 and 35,985 at December 31, 2020 and March 31, 2021, respectively	372	323	[1]
Additional paid-in capital	234,194	206,499	[1]
Accumulated deficit	(122,937)	(121,150)	[1]
Accumulated other comprehensive gain (loss)	(935)	399	[1]
Treasury stock; 1,179 and 1,295 common shares at cost at December 31, 2020 and March 31, 2021, respectively	(7,852)	(6,858)	[1]
Total Powerfleet, Inc. stockholders' equity	102,842	79,213	[1]
Non-controlling interest	73	75	[1]
Total equity	102,915	79,288	[1]
Total liabilities and stockholders' equity	$ 231,600	$ 208,801	[1]
[1]	Derived from audited balance sheet as of December 31, 2020.

Condensed Balance Sheets (Paren

Condensed Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Allowance for doubtful accounts, accounts receivable current	$ 2,461	$ 2,364
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	55,000	55,000
Series A Convertible redeemable preferred stock, shares outstanding	55,000	55,000
Preferred stock, shares authorized	50,000,000	50,000,000
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	37,280,000	32,280,000
Common stock, shares outstanding	35,985,000	31,101,000
Treasury stock, shares	1,295,000	1,179,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Revenues:
Total revenues	$ 28,991	$ 30,799
Cost of Revenues:
Total Cost of revenues	14,521	15,933
Gross Profit	14,470	14,866
Operating expenses:
Selling, general and administrative expenses	13,608	15,103
Research and development expenses	2,745	3,172
Total Operating expenses	16,353	18,275
Loss from operations	(1,883)	(3,409)
Interest income	12	14
Interest expense	557	145
Other (expense) income, net		2
Net loss before income taxes	(1,314)	(3,248)
Income tax expense	(473)	(193)
Net loss before non-controlling interest	(1,787)	(3,441)
Non-controlling interest		15
Net loss	(1,787)	(3,426)
Accretion of preferred stock	(168)	(168)
Preferred stock dividend	(1,028)	(955)
Net loss attributable to common stockholders	$ (2,983)	$ (4,549)
Net loss per share attributable to common stockholders - basic and diluted	$ (0.09)	$ (0.16)
Weighted average common shares outstanding - basic and diluted	33,259,000	29,034,000
Products [Member]
Revenues:
Total revenues	$ 11,420	$ 13,208
Cost of Revenues:
Total Cost of revenues	8,152	9,302
Services [Member]
Revenues:
Total revenues	17,571	17,591
Cost of Revenues:
Total Cost of revenues	$ 6,369	$ 6,631

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Statement of Comprehensive Income [Abstract]
Net loss attributable to common stockholders	$ (2,983)	$ (4,549)
Other comprehensive loss
Foreign currency translation adjustment	(1,334)	(2,326)
Comprehensive loss	$ (4,317)	$ (6,875)

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, 2019	$ 308	$ 201,813	$ (112,143)	$ 265	$ (6,053)	$ (10)	$ 84,180
Balance, shares at Dec. 31, 2019	30,804,000
Net loss attributable to common stockholders		(1,123)	(3,426)				(4,549)
Net loss attributable to non-controlling interest						(15)	(15)
Foreign currency translation adjustment				(2,326)		(20)	(2,346)
Issuance of restricted shares
Issuance of restricted shares, shares	40,000
Forfeiture of restricted shares
Forfeiture of restricted shares, shares	(32,000)
Vesting of restricted stock units	$ 1	(1)
Vesting of restricted stock units, shares	110,000
Other		62					62
Shares issued pursuant to exercise of stock options	$ 1	$ 382					$ 383
Shares issued pursuant to exercise of stock options, shares	90,000
Shares withheld pursuant to vesting of restricted stock					(232)		(232)
Shares withheld pursuant to exercise of stock options					$ (256)		$ (256)
Stock based compensation		1,155					1,155
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, 2020	$ 323	206,499	(121,150)	399	(6,858)	75	79,288	[1]
Balance, shares at Dec. 31, 2020	32,280,000
Net loss attributable to common stockholders		(1,196)	(1,787)				(2,983)
Net loss attributable to non-controlling interest
Foreign currency translation adjustment				(1,334)		(2)	(1,336)
Issuance of restricted shares	$ 4	(4)
Issuance of restricted shares, shares	415,000
Forfeiture of restricted shares
Forfeiture of restricted shares, shares	(6,000)
Vesting of restricted stock units
Vesting of restricted stock units, shares	34,000
Shares issued pursuant to exercise of stock options	$ 1	$ 716					$ 717
Shares issued pursuant to exercise of stock options, shares	129,000
Shares withheld pursuant to vesting of restricted stock					(347)		(347)
Shares withheld pursuant to exercise of stock options					$ (647)		$ (647)
Stock based compensation		1,357					1,357
Common shares issued, net of issuance costs	$ 44	26,822					26,866
Common shares issued, net of issuance costs, shares	4,428,000
Balance at Mar. 31, 2021	$ 372	$ 234,194	$ (122,937)	$ (935)	$ (7,852)	$ 73	$ 102,915
Balance, shares at Mar. 31, 2021	37,280,000
[1]	Derived from audited balance sheet as of December 31, 2020.

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021		Mar. 31, 2020
Cash flows from operating activities:
Net loss	$ (1,787)		$ (3,426)
Adjustments to reconcile net loss to cash (used in) provided by operating activities:
Non-controlling interest			(15)
Inventory reserve	74		63
Stock based compensation expense	1,357		1,155
Depreciation and amortization	2,144		2,067
Right-of-use assets, non-cash lease expense	768		731
Bad debt expense	268		262
Deferred income taxes	473		193
Other non-cash items	88		(8)
Changes in:
Accounts receivable	(3,355)		742
Inventory	(829)		691
Prepaid expenses and other assets	214		(549)
Deferred costs	723		812
Deferred revenue	1,230		(924)
Accounts payable and accrued expenses	164		1,648
Lease liabilities	(748)		(785)
Accrued severance payable, net			100
Net cash provided by operating activities	784		2,757
Cash flows from investing activities:
Proceeds from sale of property and equipment			16
Capital expenditures	(597)		(471)
Net cash used in investing activities	(597)		(455)
Cash flows from financing activities:
Net proceeds from stock offering	26,867
Payment of preferred stock dividends	(1,028)
Repayment of long-term debt	(1,315)		(479)
Short-term bank debt, net	91		104
Proceeds from exercise of stock options, net	70		127
Purchase of treasury stock upon vesting of restricted stock	(347)		(232)
Net cash (used in) provided by financing activities	24,338		(480)
Effect of foreign exchange rate changes on cash and cash equivalents	(1,701)		(1,611)
Net increase in cash, cash equivalents and restricted cash	22,824		211
Cash, cash equivalents and restricted cash - beginning of period	18,435		16,703
Cash, cash equivalents and restricted cash - end of period	41,259		16,914
Reconciliation of cash, cash equivalents, and restricted cash, beginning of period
Cash and cash equivalents	18,127	[1]	16,395
Restricted cash	308	[1]	308
Cash, cash equivalents, and restricted cash, beginning of period	18,435		16,703
Cash and cash equivalents	40,951		16,606
Restricted cash	308		308
Cash, cash equivalents, and restricted cash, end of period	41,259		16,914
Cash paid for:
Taxes	2		5
Interest	384		483
Noncash investing and financing activities:
Value of shares withheld pursuant to exercise of stock options	$ 647		$ 256
[1]	Derived from audited balance sheet as of December 31, 2020.

Description of the Company and

Description of the Company and Basis of Presentation	3 Months Ended
	Mar. 31, 2021
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 On October 3, 2019, PowerFleet, Inc. (together with its subsidiaries, “PowerFleet,” the “Company,” “we,” “our” or “us”) completed the acquisition of Pointer Telocation Ltd. (the “Transactions”), as a result of which I.D. Systems, Inc. (“I.D. Systems”) and PowerFleet Israel Ltd. (“PowerFleet Israel”) each became direct, wholly-owned subsidiaries of the Company and Pointer Telocation Ltd. (“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 the Transactions. 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. 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 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 March 30, 2021, the consolidated results of its operations for the three-month periods ended March 31, 2020 and 2021, the consolidated change in stockholders’ equity for the three-month periods ended March 31, 2020 and 2021 and the consolidated cash flows for the three-month periods ended March 30, 2020 and 2021. The results of operations for the three-month period ended March 31, 2021 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, 2020 included in the Company’s Annual Report on Form 10-K for the year then ended. Reclassifications Certain prior amounts have been reclassified to conform with the current year presentation for comparative purposes. These reclassifications had no effect on the previously reported results of operations. Liquidity As of March 31, 2021, the Company had cash and cash equivalents of $40,951 and working capital of $53,241. 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 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) 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 our 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 since its’ inception and does not have any borrowings as of March 31, 2021. See Note 11 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 our 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, the Company entered into an equity distribution agreement for an “at-the-market offering” program (the “ATM Offering”) with Canaccord Genuity LLC (“Canaccord”) as sales agent, pursuant to which we issued and sold an aggregate of 810 shares of common stock for approximately $4,200 in gross proceeds. The Company terminated the equity distribution agreement effective as of August 14, 2020. On February 1, 2021, the Company closed an underwritten public offering (the “Underwritten Public Offering”) of 4,428 shares of common stock (which included the full exercise of the underwriters’ over allotment option) for gross proceeds of approximately $28,800, before deducting the underwriting discounts and commissions and other offering expenses. The offer and sale of common stock in the ATM Offering and the Underwritten Public Offering were made pursuant to the Company’s shelf registration statement. Because of the recent outbreak of COVID-19, there is significant uncertainty surrounding the potential impact on our results of operations and cash flows. We are proactively taking steps to increase available cash on hand including, but not limited to, targeted reductions in discretionary operating expenses and capital expenditures. The Company believes that its available working capital, anticipated level of future revenues, expected cash flows from operations and available borrowings under its revolving credit facility with Hapoalim will provide sufficient funds to cover capital requirements through at least May 12, 2022.

Use of Estimates

Use of Estimates	3 Months Ended
	Mar. 31, 2021
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 March 31, 2021, 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	3 Months Ended
	Mar. 31, 2021
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, 2020 and March 31, 2021 consists of cash held in escrow for purchases from a vendor.

Revenue Recognition

Revenue Recognition	3 Months Ended
	Mar. 31, 2021
Revenue from Contract with Customer [Abstract]
Revenue Recognition	NOTE 4 - 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 12). 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 when the service is provided. 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. The 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-months ended March 31, 2020 and 2021: Three Months Ended March 31, 2020 2021 Products $ 13,208 $ 11,420 Services 17,591 17,571 $ 30,799 $ 28,991 The balances of contract assets, and contract liabilities from contracts with customers are as follows as of December 31, 2020 and March 31, 2021. December 31, 2020 March 31, 2021 (unaudited) Assets: Deferred contract costs $ 2,157 $ 2,214 Deferred costs $ 5,361 $ 4,637 Liabilities: Deferred revenue- services (1) $ 6,578 $ 8,065 Deferred revenue - products (1) 6,767 5,845 13,345 13,910 Less: Deferred revenue and contract liabilities - current portion (7,339 ) (8,356 ) Deferred revenue and contract liabilities - less current portion $ 6,006 $ 5,554 (1) The Company records deferred revenues when cash payments are received or due in advance of the Company’s performance. For the three-month periods ended March 31, 2020 and 2021, the Company recognized revenue of $2,174 and $2,718, 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 2026, when the services are performed and, therefore, satisfies its performance obligation to the customers.

Prepaid Expenses and Other Asse

Prepaid Expenses and Other Assets	3 Months Ended
	Mar. 31, 2021
Prepaid Expense and Other Assets [Abstract]
Prepaid Expenses and Other Assets	NOTE 5 – PREPAID EXPENSES AND OTHER ASSETS Prepaid expenses and other current assets consist of the following: December 31, 2020 March 31, 2021 (Unaudited) Finance receivables, current $ 692 $ 648 Prepaid expenses 2,979 3,400 Contract assets 767 797 Other current assets 1,746 1,693 $ 6,184 $ 6,538

Inventory

Inventory	3 Months Ended
	Mar. 31, 2021
Inventory Disclosure [Abstract]
Inventory	NOTE 6 - 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 using the “moving average” cost method or the first-in first-out (FIFO) method. Inventory is shown net of a valuation reserve of $515 at December 31, 2020, and $547 at March 31, 2021. Inventories consist of the following: December 31, 2020 March 31, 2021 (Unaudited) Components $ 7,697 $ 6,538 Work in process 237 313 Finished goods, net 4,939 6,309 $ 12,873 $ 13,160

Fixed Assets

Fixed Assets	3 Months Ended
	Mar. 31, 2021
Property, Plant and Equipment [Abstract]
Fixed Assets	NOTE 7 - FIXED ASSETS Fixed assets are stated at cost, less accumulated depreciation and amortization, and are summarized as follows: December 31, 2020 March 31, 2021 (Unaudited) Installed products $ 4,174 $ 4,465 Computer software 5,882 5,893 Computer and electronic equipment 5,273 5,158 Furniture and fixtures 1,828 1,682 Leasehold improvements 1,353 1,321 18,510 18,519 Accumulated depreciation and amortization (9,706 ) (10,054 ) $ 8,804 $ 8,465 Depreciation and amortization expense of fixed assets for the three-month periods ended March 31, 2020 and March 31, 2021 was $735 and $845, respectively. This includes amortization of costs associated with computer software for the three-month periods ended March 31, 2020 and March 31, 2021 of $131 and $107, respectively.

Intangible Assets and Goodwill

Intangible Assets and Goodwill	3 Months Ended
	Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets and Goodwill	NOTE 8 - INTANGIBLE ASSETS AND GOODWILL The following table summarizes identifiable intangible assets of the Company as of December 31, 2020 and March 31, 2021: March 31, 2021 (Unaudited) Useful Lives (In Years) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Amortized: Customer relationships 9-12 $ 19,264 $ (3,139 ) $ 16,125 Trademark and tradename 3-15 7,553 (1,493 ) 6,060 Patents 7-11 2,117 (1,683 ) 434 Technology 7 10,911 (3,806 ) 7,105 Favorable contract interest 4 388 (356 ) 32 Covenant not to compete 5 208 (152 ) 56 40,441 (10,629 ) 29,812 Unamortized: Customer List 104 - 104 Trademark and tradename 61 - 61 165 - 165 Total $ 40,606 $ (10,629 ) $ 29,977 December 31, 2020 Useful Lives (In Years) Gross Carrying Amount Accumulated Amortization Net Amortized: Customer relationships 9-12 $ 19,264 $ (2,732 ) $ 16,532 Trademark and tradename 3-15 7,553 (1,292 ) 6,261 Patents 7-11 2,117 (1,661 ) 456 Technology 7 10,911 (3,172 ) 7,739 Favorable contract interest 4 388 (331 ) 57 Covenant not to compete 5 208 (142 ) 66 40,441 (9,330 ) 31,111 Unamortized: Customer List 104 - 104 Trademark and tradename 61 - 61 165 - 165 Total $ 40,606 $ (9,330 ) $ 31,276 At March 31, 2021, the weighted-average amortization period for the intangible assets was 9.2 years. At March 31, 2021, 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-month periods ended March 31, 2020 and March 31, 2021 was $1,332 and $1,299, respectively. Estimated future amortization expense for each of the five succeeding fiscal years for these intangible assets is as follows: Year ending December 31: 2021 (remaining) $ 3,855 2022 5,080 2023 5,035 2024 2,622 2025 2,495 2026 2,413 Thereafter 8,312 $ 29,812 There have been no changes in the carrying amount of goodwill from January 1, 2020 to March 31, 2021. For the three-month period ended March 31, 2021, the Company did not identify any indicators of impairment.

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2021
Share-based Payment Arrangement [Abstract]
Stock-Based Compensation	NOTE 9 - STOCK-BASED COMPENSATION Stock Option Plans [A] Stock options: The following table summarizes the activity relating to the Company’s stock options for the three-month period ended March 31, 2021: Options Weighted- Average Exercise Price Weighted-Average Remaining Contractual Terms Aggregate Intrinsic Value Outstanding at beginning of year 3,624 $ 5.85 Granted 120 7.77 Exercised (129 ) 5.55 Forfeited or expired - - Outstanding at end of period 3,615 $ 5.92 8 years $ 7,360 Exercisable at end of period 1,284 $ 5.67 6.6 years $ 2,935 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: March 31, 2020 2021 Expected volatility 41.5 % 50.2 % Expected life of options (in years) 6 7 Risk free interest rate 1.70 % 0.69 % Dividend yield 0 % 0 % Weighted-average fair value of options granted during year $ 2.83 $ 3.81 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 recorded stock-based compensation expense of $432 and $377 for the three-month periods ended March 31, 2020 and March 31, 2021, respectively, in connection with awards made under the stock option plans. The fair value of options vested during the three-month periods ended March 31, 2020 and 2021 was $1,008 and $408, respectively. The total intrinsic value of options exercised during the three-month periods ended March 30, 2020 and 2021 was $196 and $451, respectively. As of March 31, 2021, there was approximately $3,908 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 3.94 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 three-month period ended March 31, 2021 is as follows: Number of Non-Vested Shares Weighted-Average Grant Date Fair Value Restricted stock, non-vested, beginning of year 806 $ 5.54 Granted 416 7.67 Vested (122 ) 7.04 Forfeited (6 ) 4.70 Restricted stock, non-vested, end of period 1,094 $ 6.19 The Company recorded stock-based compensation expense of $549 and $665, respectively, for the three-month periods ended March 31, 2020 and 2021 in connection with restricted stock grants. As of March 31, 2021, there was $5,000 of total unrecognized compensation cost related to non-vested shares. That cost is expected to be recognized over a weighted-average period of 2.9 years. [C] Restricted Stock Units: The Company also grants restricted stock units (RSUs) to employees. The following table summarizes the activity relating to the Company’s restricted stock units for the three-month period ended March 31, 2021: Number of Restricted Stock Units Weighted-Average Grant Date Fair Value Restricted stock units, non-vested, beginning of year 75 $ 5.60 Granted - - Vested (34 ) 5.60 Forfeited - - Restricted stock units, non-vested, end of period 41 $ 5.60 The Company recorded stock-based compensation expense of $128 and $55, respectively, for the three-month periods ended March 31, 2020 and 2021, in connection with the RSUs. As of March 31, 2021, there was $210 total unrecognized compensation cost related to non-vested RSUs. That cost is expected to be recognized over a weighted-average period of 1.1 years.

Net Loss Per Share

Net Loss Per Share	3 Months Ended
	Mar. 31, 2021
Earnings Per Share [Abstract]
Net Loss Per Share	NOTE 10 - NET LOSS PER SHARE Net loss per share for the three-month periods ended March 31, 2020 and 2021 are as follows: Three Months Ended March 31, 2020 2021 Basic and diluted loss per share Net loss attributable to common stockholders $ (4,549 ) $ (2,983 ) Weighted-average common share outstanding - basic and diluted 29,034 33,259 Net loss attributable to common stockholders - basic and diluted $ (0.16 ) $ (0.09 ) 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. For the three-month periods ended March 31, 2020 and 2021, the basic and diluted weighted-average shares outstanding are the same, 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 12,659 and 12,243, respectively, would have been anti-dilutive due to the loss.

Short-Term Bank Debt and Long-T

Short-Term Bank Debt and Long-Term Debt	3 Months Ended
	Mar. 31, 2021
Debt Disclosure [Abstract]
Short-Term Bank Debt and Long-Term Debt	NOTE 11 - SHORT-TERM BANK DEBT AND LONG-TERM DEBT December 31, 2020 March 31, 2021 (Unaudited) Short-term bank debt bearing interest at 16% per annum $ 280 $ 409 Current maturities of long-term debt $ 5,299 $ 5,249 Long term debt - less current maturities $ 23,179 $ 20,956 Long-term debt In connection with the Transactions, PowerFleet Israel incurred $30,000 in term loan borrowings on the closing date of the Transactions (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 was required to deposit in a separate restricted deposit account the Israeli shekel (“NIS”) equivalent of $3,000. As of March 31, 2021, no amounts were outstanding under the Revolving 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 March 31, 2021. The Company has been in discussions with Hapoalim regarding an amendment to the Credit Agreement with respect to a reduction in the interest rates from approximately 4.73% for the Term A Facility and 5.89% for the Term B Facility to 3.65% for the Term A Facility and 4.5% for the Term B Facility as well as the elimination of the requirement to deposit in a separate restricted deposit account the Israeli shekel (“NIS”) equivalent of $3,000. Although subject to the execution of a definitive amendment to the Credit Agreement, the Company and Hapoalim have an agreement in principle with respect to these two provisions. In the interim, Hapoalim has agreed to not require the $3,000 escrow deposit and has agreed to reduce the interest rates to 3.65% for the Term A Facility and 4.5% for the Term B Facility effective November 2020. In connection with the Credit Facilities, the Company incurred debt issuance costs of $742. For the three-month periods ended March 30, 2020 and 2021, amortization of the debt issuance costs was $19 and $83. The Company recorded charges of $360 and $277 to interest expense on its consolidated statements of operations for the three-month periods ended March 31, 2020 and 2021, 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 March 31, 2021 are as follows: Year ending December 31: 2022 $ 5,249 2023 5,589 2024 15,367 26,205 Less: Current Portion 5,249 Total $ 20,956 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	3 Months Ended
	Mar. 31, 2021
Payables and Accruals [Abstract]
Accounts Payable and Accrued Expenses	NOTE 12 - ACCOUNTS PAYABLE AND ACCRUED EXPENSES Accounts payable and accrued expenses consist of the following: December 31, 2020 March 31, 2021 (Unaudited) Accounts payable $ 9,877 $ 10,314 Accrued warranty 705 861 Accrued compensation 5,581 5,622 Government authorities 3,047 3,176 Other current liabilities 1,015 950 $ 20,225 $ 20,923 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, 2020 and March 31, 2021. The following table summarizes warranty activity for the three-month periods ended March 31, 2020 and 2021: Three Months Ended March 31, 2020 2021 Accrued warranty reserve, beginning of year $ 742 $ 807 Accrual for product warranties issued 141 396 Product replacements and other warranty expenditures (62 ) (127 ) Expiration of warranties (34 ) (75 ) Accrued warranty reserve, end of period (a) $ 787 $ 1,001 (a) Includes non-current accrued warranty included in other long-term liabilities at December 31, 2020 and March 31, 2021 of $102 and $140, respectively.

Stockholders' Equity

Stockholders' Equity	3 Months Ended
	Mar. 31, 2021
Equity [Abstract]
Stockholders' Equity	NOTE 13 - STOCKHOLDERS’ EQUITY [A] Public Offering: On February 1, 2021, the Company closed an underwritten public offering of 4,428 shares of common stock (which included the full exercise of the underwriters’ over-allotment option) for gross proceeds of approximately $28,800, before deducting the underwriting discounts and commissions and other offering expenses. [B] 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 Convertible Stock (“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 to ABRY Senior Equity V, L.P., ABRY Senior Equity Co-Investment Fund V, L.P and ABRY Investment Partnership, L.P. (the “Investors”). For the three-month periods ended March 31, 2020 and March 31, 2021, the Company issued 1 and -0- additional shares of Series A Preferred Stock. 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 Company’s Amended and Restated Certificate of Incorporation (the “Charter”). During the three-months ended period ended March 31, 2021, the Company paid dividends in the amounts of $1,028 to the holders of the Series A Preferred Stock. As of March 31, 2021, 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.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	3 Months Ended
	Mar. 31, 2021
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Loss	NOTE 14 - ACCUMULATED OTHER COMPREHENSIVE LOSS Comprehensive income (loss) includes net loss and foreign currency translation gains and losses. The accumulated balances for each classification of other comprehensive loss for the three-month period ended March 31, 2021 are as follows: Foreign currency translation adjustment Accumulated other comprehensive income Balance at January 1, 2021 $ 399 $ 399 Net current period change (1,334 ) (1,334 ) Balance at March 31, 2021 $ (935 ) $ (935 ) The accumulated balances for each classification of other comprehensive loss for the three-month period ended March 31, 2020 are as follows: Foreign currency translation adjustment Accumulated other comprehensive income Balance at January 1, 2020 $ 265 $ 265 Net current period change (2,326 ) (2,326 ) Balance at March 31, 2020 $ (2,061 ) $ (2,061 ) 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 losses from the translation of foreign currency financial statements of $2,326 and $1,334 at March 31, 2020 and 2021, 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 (losses) gains for the three-month periods ended March 31, 2020 and 2021 of $(253) and $150 respectively, are included in selling, general and administrative expenses in the Consolidated Statement of Operations. Foreign currency translation gains related to long-term debt of $895 and $1,027, respectively, for the three-month periods ended March 30, 2020 and 2021 are included in interest expense in the Consolidated Statement of Operations.

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2021
Segment Reporting [Abstract]
Segment Information	NOTE 15 – SEGMENT INFORMATION The Company operates in one reportable segment, wireless IoT asset management. The following table summarizes revenues by geographic region. Three Months Ended March 31, 2020 2021 United States $ 13,107 $ 11,588 Israel 9,740 11,047 Other 7,952 6,356 $ 30,799 $ 28,991 December 31, 2020 March 31, 2021 (Unaudited) Long lived assets by geographic region: United States $ 1,425 $ 1,314 Israel 3,282 3,285 Other 4,097 3,866 $ 8,804 $ 8,465

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2021
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 16 - 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 foreign earnings and adjustments to recorded valuation allowances. 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 three months ended March 31, 2020 and 2021 was (5.94%) and (36.02%), respectively. For the three months ended March 31, 2020 and 2021 the effective tax rate differs from the statutory tax rates primarily due to the mix of domestic and foreign earnings amongst taxable jurisdictions and recorded valuation allowances to fully reserve against net operating loss carryforwards and other deferred tax assets in the United States and non-Israel foreign jurisdictions where realization of such tax attributes and deductible temporary differences remains uncertain at this time. 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 the 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 consolidate financial statements. On March 11, 2021, the President of the United States signed the American Rescue Plan Act (the “ARPA”) into law as a continuing response to the COVID-19 pandemic. The ARPA implemented new entity taxation provisions as well as extended unemployment benefits and related incentives to provide further economic relief to US businesses. The passage of the ARPA did not have a material impact to the Company nor its calculated EAETR for the year.

Leases

Leases	3 Months Ended
	Mar. 31, 2021
Leases [Abstract]
Leases	NOTE 17 - LEASES 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 has lease arrangements which are classified as short-term in nature. These leases meet the criteria for operating lease classification. Lease costs associated with the short-term leases are included in selling, general and administrative expenses on the Company’s condensed consolidated statements of operations during the three months ended March 31, 2020 and 2021. Components of lease expense are as follows: Three Months Ended March 31, 2020 2021 Short term lease cost: $ 129 $ 178 Supplemental cash flow information and non-cash activity related to our operating leases are as follows: Three Months Ended March 31, 2021 Non-cash activity: Right-of-use assets obtained in exchange for lease obligations $ 1,053 Weighted-average remaining lease term and discount rate for our operating leases are as follows: March 31, 2021 Weighted-average remaining lease term (in years) 3.9 Weighted-average discount rate 4.3 % Scheduled maturities of operating lease liabilities outstanding as of March 31, 2021 are as follows: Year ending December 31: April - December 2021 $ 2,140 2022 2,364 2023 1,987 2024 1,629 2025 1,629 2026 1,491 Total lease payments 11,240 Less: Imputed interest (1,307 ) Present value of lease liabilities $ 9,933

Fair Value of Financial Instrum

Fair Value of Financial Instruments	3 Months Ended
	Mar. 31, 2021
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	NOTE 18 - FAIR VALUE OF FINANCIAL INSTRUMENTS The Company’s cash and cash equivalents are carried at fair value. The carrying value of financing receivables approximates fair value due to the interest rate implicit in the instruments approximating current market rates. 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. March 31, 2021 Carrying Amount Fair Value Long term debt $ 26,205 $ 26,205

Concentration of Customers

Concentration of Customers	3 Months Ended
	Mar. 31, 2021
Risks and Uncertainties [Abstract]
Concentration of Customers	NOTE 19 - CONCENTRATION OF CUSTOMERS For the three-month periods ended March 31, 2020 and 2021, 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.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	NOTE 20 - COMMITMENTS AND CONTINGENCIES Except for normal operating leases, the Company is not currently subject to any material commitments. 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 July 2015, Pointer do Brasil Comercial Ltda. (“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 $9,741 as of March 31, 2021. 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	3 Months Ended
	Mar. 31, 2021
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	NOTE 21 - RECENT ACCOUNTING PRONOUNCEMENTS In December 2019, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“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 adoption of this standard did not have an impact on the Company’s consolidated 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 updated standard is effective for fiscal years beginning after December 15, 2021. The Company is currently evaluating the impact of this ASU on the consolidated financial statements.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
	Mar. 31, 2021
Revenue from Contract with Customer [Abstract]
Schedule of Revenue Disaggregated by Revenue Source	The following table presents the Company’s revenues disaggregated by revenue source for the three-months ended March 31, 2020 and 2021: Three Months Ended March 31, 2020 2021 Products $ 13,208 $ 11,420 Services 17,591 17,571 $ 30,799 $ 28,991
Schedule of Deferred Revenue	The balances of contract assets, and contract liabilities from contracts with customers are as follows as of December 31, 2020 and March 31, 2021. December 31, 2020 March 31, 2021 (unaudited) Assets: Deferred contract costs $ 2,157 $ 2,214 Deferred costs $ 5,361 $ 4,637 Liabilities: Deferred revenue- services (1) $ 6,578 $ 8,065 Deferred revenue - products (1) 6,767 5,845 13,345 13,910 Less: Deferred revenue and contract liabilities - current portion (7,339 ) (8,356 ) Deferred revenue and contract liabilities - less current portion $ 6,006 $ 5,554 (1) The Company records deferred revenues when cash payments are received or due in advance of the Company’s performance. For the three-month periods ended March 31, 2020 and 2021, the Company recognized revenue of $2,174 and $2,718, 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 2026, 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)	3 Months Ended
	Mar. 31, 2021
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, 2020 March 31, 2021 (Unaudited) Finance receivables, current $ 692 $ 648 Prepaid expenses 2,979 3,400 Contract assets 767 797 Other current assets 1,746 1,693 $ 6,184 $ 6,538

Inventory (Tables)

Inventory (Tables)	3 Months Ended
	Mar. 31, 2021
Inventory Disclosure [Abstract]
Schedule of Inventories	Inventories consist of the following: December 31, 2020 March 31, 2021 (Unaudited) Components $ 7,697 $ 6,538 Work in process 237 313 Finished goods, net 4,939 6,309 $ 12,873 $ 13,160

Fixed Assets (Tables)

Fixed Assets (Tables)	3 Months Ended
	Mar. 31, 2021
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, 2020 March 31, 2021 (Unaudited) Installed products $ 4,174 $ 4,465 Computer software 5,882 5,893 Computer and electronic equipment 5,273 5,158 Furniture and fixtures 1,828 1,682 Leasehold improvements 1,353 1,321 18,510 18,519 Accumulated depreciation and amortization (9,706 ) (10,054 ) $ 8,804 $ 8,465

Intangible Assets and Goodwill

Intangible Assets and Goodwill (Tables)	3 Months Ended
	Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets	The following table summarizes identifiable intangible assets of the Company as of December 31, 2020 and March 31, 2021: March 31, 2021 (Unaudited) Useful Lives (In Years) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Amortized: Customer relationships 9-12 $ 19,264 $ (3,139 ) $ 16,125 Trademark and tradename 3-15 7,553 (1,493 ) 6,060 Patents 7-11 2,117 (1,683 ) 434 Technology 7 10,911 (3,806 ) 7,105 Favorable contract interest 4 388 (356 ) 32 Covenant not to compete 5 208 (152 ) 56 40,441 (10,629 ) 29,812 Unamortized: Customer List 104 - 104 Trademark and tradename 61 - 61 165 - 165 Total $ 40,606 $ (10,629 ) $ 29,977 December 31, 2020 Useful Lives (In Years) Gross Carrying Amount Accumulated Amortization Net Amortized: Customer relationships 9-12 $ 19,264 $ (2,732 ) $ 16,532 Trademark and tradename 3-15 7,553 (1,292 ) 6,261 Patents 7-11 2,117 (1,661 ) 456 Technology 7 10,911 (3,172 ) 7,739 Favorable contract interest 4 388 (331 ) 57 Covenant not to compete 5 208 (142 ) 66 40,441 (9,330 ) 31,111 Unamortized: Customer List 104 - 104 Trademark and tradename 61 - 61 165 - 165 Total $ 40,606 $ (9,330 ) $ 31,276
Schedule of Finite-lived Intangible Assets, Future Amortization Expense	Amortization expense for the three-month periods ended March 31, 2020 and March 31, 2021 was $1,332 and $1,299, respectively. Estimated future amortization expense for each of the five succeeding fiscal years for these intangible assets is as follows: Year ending December 31: 2021 (remaining) $ 3,855 2022 5,080 2023 5,035 2024 2,622 2025 2,495 2026 2,413 Thereafter 8,312 $ 29,812

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2021
Schedule of Stock Options Activity	The following table summarizes the activity relating to the Company’s stock options for the three-month period ended March 31, 2021: Options Weighted- Average Exercise Price Weighted-Average Remaining Contractual Terms Aggregate Intrinsic Value Outstanding at beginning of year 3,624 $ 5.85 Granted 120 7.77 Exercised (129 ) 5.55 Forfeited or expired - - Outstanding at end of period 3,615 $ 5.92 8 years $ 7,360 Exercisable at end of period 1,284 $ 5.67 6.6 years $ 2,935
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: March 31, 2020 2021 Expected volatility 41.5 % 50.2 % Expected life of options (in years) 6 7 Risk free interest rate 1.70 % 0.69 % Dividend yield 0 % 0 % Weighted-average fair value of options granted during year $ 2.83 $ 3.81
Schedule of Non-vested Restricted Stock Activity	A summary of all non-vested restricted stock for the three-month period ended March 31, 2021 is as follows: Number of Non-Vested Shares Weighted-Average Grant Date Fair Value Restricted stock, non-vested, beginning of year 806 $ 5.54 Granted 416 7.67 Vested (122 ) 7.04 Forfeited (6 ) 4.70 Restricted stock, non-vested, end of period 1,094 $ 6.19
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 March 31, 2021: Number of Restricted Stock Units Weighted-Average Grant Date Fair Value Restricted stock units, non-vested, beginning of year 75 $ 5.60 Granted - - Vested (34 ) 5.60 Forfeited - - Restricted stock units, non-vested, end of period 41 $ 5.60

Net Loss Per Share (Tables)

Net Loss Per Share (Tables)	3 Months Ended
	Mar. 31, 2021
Earnings Per Share [Abstract]
Schedule of Net Loss Per Share Basic and Diluted	Net loss per share for the three-month periods ended March 31, 2020 and 2021 are as follows: Three Months Ended March 31, 2020 2021 Basic and diluted loss per share Net loss attributable to common stockholders $ (4,549 ) $ (2,983 ) Weighted-average common share outstanding - basic and diluted 29,034 33,259 Net loss attributable to common stockholders - basic and diluted $ (0.16 ) $ (0.09 )

Short-Term Bank Debt and Long_2

Short-Term Bank Debt and Long-Term Debt (Tables)	3 Months Ended
	Mar. 31, 2021
Debt Disclosure [Abstract]
Schedule of Long Term Debt	December 31, 2020 March 31, 2021 (Unaudited) Short-term bank debt bearing interest at 16% per annum $ 280 $ 409 Current maturities of long-term debt $ 5,299 $ 5,249 Long term debt - less current maturities $ 23,179 $ 20,956
Schedule of Maturities of Long Term Debt	Scheduled maturities of the Term A Facility and the Term B Facility as of March 31, 2021 are as follows: Year ending December 31: 2022 $ 5,249 2023 5,589 2024 15,367 26,205 Less: Current Portion 5,249 Total $ 20,956

Accounts Payable and Accrued _2

Accounts Payable and Accrued Expenses (Tables)	3 Months Ended
	Mar. 31, 2021
Payables and Accruals [Abstract]
Schedule of Accounts Payable and Accrued Liabilities	Accounts payable and accrued expenses consist of the following: December 31, 2020 March 31, 2021 (Unaudited) Accounts payable $ 9,877 $ 10,314 Accrued warranty 705 861 Accrued compensation 5,581 5,622 Government authorities 3,047 3,176 Other current liabilities 1,015 950 $ 20,225 $ 20,923
Schedule of Product Warranty Liability	The following table summarizes warranty activity for the three-month periods ended March 31, 2020 and 2021: Three Months Ended March 31, 2020 2021 Accrued warranty reserve, beginning of year $ 742 $ 807 Accrual for product warranties issued 141 396 Product replacements and other warranty expenditures (62 ) (127 ) Expiration of warranties (34 ) (75 ) Accrued warranty reserve, end of period (a) $ 787 $ 1,001 (a) Includes non-current accrued warranty included in other long-term liabilities at December 31, 2020 and March 31, 2021 of $102 and $140, respectively.

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
	Mar. 31, 2021
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of Accumulated Other Comprehensive Loss	The accumulated balances for each classification of other comprehensive loss for the three-month period ended March 31, 2021 are as follows: Foreign currency translation adjustment Accumulated other comprehensive income Balance at January 1, 2021 $ 399 $ 399 Net current period change (1,334 ) (1,334 ) Balance at March 31, 2021 $ (935 ) $ (935 ) The accumulated balances for each classification of other comprehensive loss for the three-month period ended March 31, 2020 are as follows: Foreign currency translation adjustment Accumulated other comprehensive income Balance at January 1, 2020 $ 265 $ 265 Net current period change (2,326 ) (2,326 ) Balance at March 31, 2020 $ (2,061 ) $ (2,061 )

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2021
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 March 31, 2020 2021 United States $ 13,107 $ 11,588 Israel 9,740 11,047 Other 7,952 6,356 $ 30,799 $ 28,991 December 31, 2020 March 31, 2021 (Unaudited) Long lived assets by geographic region: United States $ 1,425 $ 1,314 Israel 3,282 3,285 Other 4,097 3,866 $ 8,804 $ 8,465

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2021
Leases [Abstract]
Schedule of Components of Lease Expense	Components of lease expense are as follows: Three Months Ended March 31, 2020 2021 Short term lease cost: $ 129 $ 178
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: Three Months Ended March 31, 2021 Non-cash activity: Right-of-use assets obtained in exchange for lease obligations $ 1,053
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: March 31, 2021 Weighted-average remaining lease term (in years) 3.9 Weighted-average discount rate 4.3 %
Scheduled Maturities of Operating Lease Liabilities	Scheduled maturities of operating lease liabilities outstanding as of March 31, 2021 are as follows: Year ending December 31: April - December 2021 $ 2,140 2022 2,364 2023 1,987 2024 1,629 2025 1,629 2026 1,491 Total lease payments 11,240 Less: Imputed interest (1,307 ) Present value of lease liabilities $ 9,933

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2021
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. March 31, 2021 Carrying Amount Fair Value Long term debt $ 26,205 $ 26,205

Description of the Company an_2

Description of the Company and Basis of Presentation (Details Narrative) - USD ($) $ in Thousands	Feb. 01, 2021	May 14, 2020	Nov. 27, 2019	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020	[1]	Dec. 31, 2019
Cash, cash equivalents				$ 40,951	$ 16,606	$ 18,127		$ 16,395
Working capital				53,241
Proceeds from offering price				26,867
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 our 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.
Common stock having an aggregate offering price			$ 60,000
Offering [Member] | Equity Distribution Agreement [Member] | Canaccord Genuity LLC [Member]
Number of common stocks issued		810,000
Proceeds from issuance of common stock		$ 4,200
Underwritten Public Offering [Member] | Underwriting Agreement [Member]
Number of common stocks issued	4,428,000
Proceeds from offering price	$ 28,800
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, 2020.

Revenue Recognition - Schedule

Revenue Recognition - Schedule of Revenue Disaggregated by Revenue Sources (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Total Revenue	$ 28,991	$ 30,799
Products [Member]
Total Revenue	11,420	13,208
Services [Member]
Total Revenue	$ 17,571	$ 17,591

Revenue Recognition - Schedul_2

Revenue Recognition - Schedule of Deferred Revenue (Details) - USD ($) $ in Thousands		Mar. 31, 2021	Dec. 31, 2020
Deferred costs		$ 4,637	$ 5,361
Deferred revenue		13,910	13,345
Less: Deferred revenue and contract liabilities - current portion		(8,356)	(7,339)
Deferred revenue and contract liabilities - less current portion		5,554	6,006
Services [Member]
Deferred revenue	[1]	8,065	6,578
Products [Member]
Deferred revenue	[1]	5,845	6,767
Deferred Contract Costs [Member]
Deferred costs		$ 2,214	$ 2,157
[1]	The Company records deferred revenues when cash payments are received or due in advance of the Company's performance. For the three-month periods ended March 31, 2020 and 2021, the Company recognized revenue of $2,174 and $2,718, 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 2026, when the services are performed and, therefore, satisfies its performance obligation to the customers.

Revenue Recognition - Schedul_3

Revenue Recognition - Schedule of Deferred Revenue (Details) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Revenue from Contract with Customer [Abstract]
Revenue recognized	$ 2,718	$ 2,174

Prepaid Expenses and Other As_3

Prepaid Expenses and Other Assets - Schedule of Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Prepaid Expense and Other Assets [Abstract]
Finance receivables, current	$ 648	$ 692
Prepaid expenses	3,400	2,979
Contract assets	797	767
Other current assets	1,693	1,746
Prepaid expenses and other current assets	$ 6,538	$ 6,184	[1]
[1]	Derived from audited balance sheet as of December 31, 2020.

Inventory (Details Narrative)

Inventory (Details Narrative) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Inventory Disclosure [Abstract]
Inventory valuation reserves	$ 547	$ 515

Inventory - Schedule of Invento

Inventory - Schedule of Inventories (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Inventory Disclosure [Abstract]
Components	$ 6,538	$ 7,697
Work in process	313	237
Finished goods, net	6,309	4,939
Inventory, Net	$ 13,160	$ 12,873	[1]
[1]	Derived from audited balance sheet as of December 31, 2020.

Fixed Assets (Details Narrative

Fixed Assets (Details Narrative) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Property, Plant and Equipment [Line Items]
Depreciation and amortization expense	$ 845	$ 735
Computer Software [Member]
Property, Plant and Equipment [Line Items]
Amortization expense	$ 107	$ 131

Fixed Assets - Schedule of Fixe

Fixed Assets - Schedule of Fixed Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 18,519	$ 18,510
Accumulated depreciation and amortization	(10,054)	(9,706)
Property, plant and equipment, net	8,465	8,804	[1]
Installed Products [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	4,465	4,174
Computer Software [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	5,893	5,882
Computer and Electronic Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	5,158	5,273
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	1,682	1,828
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 1,321	$ 1,353
[1]	Derived from audited balance sheet as of December 31, 2020.

Intangible Assets and Goodwil_2

Intangible Assets and Goodwill (Details Narrative) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Weighted amortization period for intangible assets	9 years 2 months 12 days
Amortization expense	$ 1,299	$ 1,332
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	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross Carrying Amount	$ 40,441	$ 40,441
Finite-Lived Intangible Assets, Accumulated Amortization	(10,629)	(9,330)
Finite-Lived Intangible Assets, Net, Total	29,812	31,111
Indefinite-Lived Intangible Assets (Excluding Goodwill), Gross	165	165
Indefinite-Lived Intangible Assets (Excluding Goodwill)	165	165
Intangible Assets Gross	40,606	40,606
Intangible Assets, Accumulated Amortization	(10,629)	(9,330)
Total	29,977	31,276	[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	(1,493)	(1,292)
Finite-Lived Intangible Assets, Net, Total	6,060	6,261
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	19,264
Finite-Lived Intangible Assets, Accumulated Amortization	(3,139)	(2,732)
Finite-Lived Intangible Assets, Net, Total	$ 16,125	$ 16,532
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	(1,683)	(1,661)
Finite-Lived Intangible Assets, Net, Total	$ 434	$ 456
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	(3,806)	(3,172)
Finite-Lived Intangible Assets, Net, Total	$ 7,105	$ 7,739
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	(356)	(331)
Finite-Lived Intangible Assets, Net, Total	$ 32	$ 57
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	(152)	(142)
Finite-Lived Intangible Assets, Net, Total	$ 56	$ 66
[1]	Derived from audited balance sheet as of December 31, 2020.

Intangible Assets and Goodwil_4

Intangible Assets and Goodwill - Schedule of Finite-lived Intangible Assets, Future Amortization Expense (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
2021 (remaining)	$ 3,855
2022	5,080
2023	5,035
2024	2,622
2025	2,495
2026	2,413
Thereafter	8,312
Finite-Lived Intangible Assets, Net, Total	$ 29,812	$ 31,111

Stock-Based Compensation (Detai

Stock-Based Compensation (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated share-based compensation expense	$ 377	$ 432
Share-based compensation, fair value of options vested	408	1,008
Share-based compensation, intrinsic value of options exercised	$ 451	196
Options exercise price per share	$ 7.77
Number of options granted to purchase shares of common stock	120,000
Share-based compensation, nonvested awards, not yet recognized	$ 3,908
Share-based compensation, nonvested awards, not yet recognized, period for recognition	3 years 11 months 8 days
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated share-based compensation expense	$ 665	549
Share-based compensation, nonvested awards, not yet recognized	$ 5,000
Share-based compensation, nonvested awards, not yet recognized, period for recognition	2 years 10 months 25 days
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated share-based compensation expense	$ 55	$ 128
Share-based compensation, nonvested awards, not yet recognized	$ 210
Share-based compensation, nonvested awards, not yet recognized, period for recognition	1 year 1 month 6 days

Stock-Based Compensation - Sche

Stock-Based Compensation - Schedule of Stock Options Activity (Details) - Stock Option [Member] $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2021USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, Outstanding at beginning of year | shares	3,624,000
Options, Granted | shares	120,000
Options, Exercised | shares	(129,000)
Options, Forfeited or expired | shares
Options, Outstanding at end of period | shares	3,615,000
Options, Exercisable at end of period | shares	1,284,000
Weighted-average Exercise Price, Outstanding at beginning of year | $ / shares	$ 5.85
Weighted-average Exercise Price, Granted | $ / shares	7.77
Weighted-average Exercise Price, Exercised | $ / shares	5.55
Weighted-average Exercise Price, Forfeited or expired | $ / shares
Weighted-average Exercise Price, Outstanding at end of period | $ / shares	5.92
Weighted-average Exercise Price, Exercisable at end of period | $ / shares	$ 5.67
Weighted-Average Remaining Contractual Terms	8 years
Weighted-Average Remaining Contractual Terms, Exercisable	6 years 7 months 6 days
Aggregate Intrinsic Value, Ending | $	$ 7,360
Aggregate Intrinsic Value, Exercisable | $	$ 2,935

Stock-Based Compensation - Sc_2

Stock-Based Compensation - Schedule of Fair Value Stock Option Assumptions (Details) - $ / shares	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Share-based Payment Arrangement [Abstract]
Expected volatility	50.20%	41.50%
Expected life of options (in years)	7 years	6 years
Risk free interest rate	0.69%	1.70%
Dividend yield	0.00%	0.00%
Weighted-average fair value of options granted during year	$ 3.81	$ 2.83

Stock-Based Compensation - Sc_3

Stock-Based Compensation - Schedule of Non-vested Restricted Stock Activity (Details)	3 Months Ended
	Mar. 31, 2021$ / sharesshares
Restricted Stock [Member]
Number of Non-vested Shares, Restricted stock, non-vested, beginning of year | shares	806,000
Number of Non-vested Shares, Granted | shares	416,000
Number of Non-vested Shares, Vested | shares	(122,000)
Number of Non-vested Shares, Forfeited | shares	(6,000)
Number of Non-vested Shares | shares	1,094,000
Weighted- Average Grant Date Fair Value, Restricted stock, non-vested, beginning of year | $ / shares	$ 5.54
Weighted- Average Grant Date Fair Value, Granted | $ / shares	7.67
Weighted- Average Grant Date Fair Value, Vested | $ / shares	7.04
Weighted- Average Grant Date Fair Value, Forfeited | $ / shares	4.70
Weighted- Average Grant Date Fair Value, Restricted stock, non-vested, end of period | $ / shares	$ 6.19
Restricted Stock Units (RSUs) [Member]
Number of Non-vested Shares, Restricted stock, non-vested, beginning of year | shares	75,000
Number of Non-vested Shares, Granted | shares
Number of Non-vested Shares, Vested | shares	(34,000)
Number of Non-vested Shares, Forfeited | shares
Number of Non-vested Shares | shares	41,000
Weighted- Average Grant Date Fair Value, Restricted stock, 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
Weighted- Average Grant Date Fair Value, Restricted stock, non-vested, end of period | $ / shares	$ 5.60

Net Loss Per Share (Details Nar

Net Loss Per Share (Details Narrative) - shares	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Earnings Per Share [Abstract]
Antidilutive securities excluded from computation of earnings per share, amount	12,243,000	12,659,000

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
	Mar. 31, 2021	Mar. 31, 2020
Earnings Per Share [Abstract]
Net loss attributable to common stockholders	$ (2,983)	$ (4,549)
Weighted-average common share outstanding - basic and diluted	33,259,000	29,034,000
Net loss attributable to common stockholders - basic and diluted	$ (0.09)	$ (0.16)

Short-Term Bank Debt and Long_3

Short-Term Bank Debt and Long-Term Debt (Details Narrative) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Nov. 30, 2020
Convertible Unsecured Promissory Note [Member]
Debt maturity date	Mar. 31, 2021
Credit Agreement [Member]
Proceeds from long term debt	$ 30,000
Restricted deposit amount	3,000
Debt issuance costs	742
Amortization of debt issuance costs	83	$ 19
Interest expense	277	$ 360
Credit Agreement [Member] | Bank Hapoalim [Member]
Restricted deposit amount	3,000		$ 3,000
Credit Agreement [Member] | Two Loan Facilities [Member]
Debt, principal amount	30,000
Credit Agreement [Member] | Term A Facility [Member]
Debt, principal amount	$ 20,000
Debt interest rate	4.73%		3.65%
Credit Agreement [Member] | Term A Facility [Member] | Bank Hapoalim [Member]
Debt interest rate	4.73%
Credit Agreement [Member] | Term A Facility [Member] | Bank Hapoalim [Member] | Minimum [Member]
Debt interest rate	3.65%
Credit Agreement [Member] | Term B Facility [Member]
Debt, principal amount	$ 10,000
Debt interest rate	5.89%		4.50%
Credit Agreement [Member] | Term B Facility [Member] | Bank Hapoalim [Member]
Debt interest rate	4.50%
Credit Agreement [Member] | Term B Facility [Member] | Bank Hapoalim [Member] | Maximum [Member]
Debt interest rate	5.89%
Credit Agreement [Member] | Revolving Facility [Member]
Debt, principal amount	$ 10,000
Revolving credit facility	$ 10,000
Debt term	5 years
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	Mar. 31, 2021	Dec. 31, 2020
Debt Disclosure [Abstract]
Short-term bank debt bearing interest at 16% per annum	$ 409	$ 280
Current maturities of long-term debt	5,249	5,299
Long term debt - less current maturities	$ 20,956	$ 23,179	[1]
[1]	Derived from audited balance sheet as of December 31, 2020.

Short-Term Bank Debt and Long_5

Short-Term Bank Debt and Long-Term Debt - Schedule of Long Term Debt (Details) (Parenthetical)	Mar. 31, 2021	Dec. 31, 2020
Short-term Bank Debt [Member]
Debt interest rate	16.00%	16.00%

Short-Term Bank Debt and Long_6

Short-Term Bank Debt and Long-Term Debt - Schedule of Maturities of Long Term Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Debt Disclosure [Abstract]
2022	$ 5,249
2023	5,589
2024	15,367
Long term debt	26,205
Less: Current Portion	5,249	$ 5,299
Total	$ 20,956	$ 23,179	[1]
[1]	Derived from audited balance sheet as of December 31, 2020.

Accounts Payable and Accrued _3

Accounts Payable and Accrued Expenses (Details Narrative)	3 Months Ended
	Mar. 31, 2021
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	Mar. 31, 2021	Dec. 31, 2020
Payables and Accruals [Abstract]
Accounts payable	$ 10,314	$ 9,877
Accrued warranty	861	705
Accrued compensation	5,622	5,581
Government authorities	3,176	3,047
Other current liabilities	950	1,015
Accounts payable and accrued expenses	$ 20,923	$ 20,225	[1]
[1]	Derived from audited balance sheet as of December 31, 2020.

Accounts Payable and Accrued _5

Accounts Payable and Accrued Expenses - Schedule of Product Warranty Liability (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2021	Mar. 31, 2020
Payables and Accruals [Abstract]
Accrued warranty reserve, beginning of year		$ 807	$ 742
Accrual for product warranties issued		396	141
Product replacements and other warranty expenditures		(127)	(62)
Expiration of warranties		(75)	34
Accrued warranty reserve, end of period	[1]	$ 1,001	$ 787
[1]	Includes non-current accrued warranty included in other long-term liabilities at December 31, 2020 and March 31, 2021 of $102 and $140, respectively.

Accounts Payable and Accrued _6

Accounts Payable and Accrued Expenses - Schedule of Product Warranty Liability (Details) (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2021		Dec. 31, 2020	Mar. 31, 2020	[1]	Dec. 31, 2019
Accrued warranty	$ 1,001	[1]	$ 807	$ 787		$ 742
Other Long-term Liabilities [Member]
Accrued warranty	$ 140		$ 102
[1]	Includes non-current accrued warranty included in other long-term liabilities at December 31, 2020 and March 31, 2021 of $102 and $140, respectively.

Stockholders' Equity (Details N

Stockholders' Equity (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands	Feb. 01, 2021	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020	Oct. 03, 2019
Equity, Class of Treasury Stock [Line Items]
Proceeds from offering price		$ 26,867
Preferred stock, shares authorized		50,000,000		50,000,000
Preferred stock, par value		$ 0.01		$ 0.01
Undesignated [Member]
Equity, Class of Treasury Stock [Line Items]
Preferred stock, shares authorized		50,000
Preferred Stock [Member]
Equity, Class of Treasury Stock [Line Items]
Preferred stock, shares authorized		150,000
Preferred stock, par value		$ 0.01
Series A Preferred Stock [Member]
Equity, Class of Treasury Stock [Line Items]
Proceeds from offering price		$ 0	$ 1
Preferred stock, shares authorized		100,000
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		1,028
Dividend in arrears		$ 0
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.
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%
Series A Preferred Stock [Member] | Investor [Member]
Equity, Class of Treasury Stock [Line Items]
Preferred stock, shares issued					50,000
Underwritten Agreement [Member] | Canaccord Genuity LLC [Member]
Equity, Class of Treasury Stock [Line Items]
Number of common stock issued	4,428,000
Proceeds from offering price	$ 28,800

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss - Schedule of Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021		Mar. 31, 2020
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Foreign currency translation adjustment, Balance at Beginning	$ 399		$ 265
Foreign currency translation adjustment, Net current period change	(1,334)		(2,326)
Foreign currency translation adjustment, Balance at End	(935)		(2,061)
Accumulated other comprehensive income, Balance at Beginning	399	[1]	265
Accumulated other comprehensive income, Net current period change	(1,334)		(2,326)
Accumulated other comprehensive income, Balance at End	$ (935)		$ (2,061)
[1]	Derived from audited balance sheet as of December 31, 2020.

Segment Information (Details Na

Segment Information (Details Narrative)	3 Months Ended
	Mar. 31, 2021Integer
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
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Total Revenue	$ 28,991	$ 30,799
Long lived assets	8,465		$ 8,804
United States [Member]
Total Revenue	11,588	13,107
Long lived assets	1,314		1,425
Israel [Member]
Total Revenue	11,047	9,740
Long lived assets	3,285		3,282
Other [Member]
Total Revenue	6,356	$ 7,952
Long lived assets	$ 3,866		$ 4,097

Income Taxes (Details Narrative

Income Taxes (Details Narrative)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Income Tax Disclosure [Abstract]
Effective tax reconciliation rate	(36.02%)	(5.94%)

Leases (Details Narrative)

Leases (Details Narrative)	3 Months Ended
	Mar. 31, 2021
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
	Mar. 31, 2021	Mar. 31, 2020
Leases [Abstract]
Short term lease cost	$ 178	$ 129

Leases - Schedule of Cash Flow

Leases - Schedule of Cash Flow Information and Non-cash Activity of Operating Leases (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2021USD ($)
Leases [Abstract]
Right-of-use assets obtained in exchange for lease obligations	$ 1,053

Leases - Schedule of Weighted A

Leases - Schedule of Weighted Average Remaining Lease Term and Discount Rate (Details)	Mar. 31, 2021
Leases [Abstract]
Weighted-average remaining lease term (in years)	3 years 10 months 25 days
Weighted-average discount rate	4.30%

Leases - Scheduled Maturities o

Leases - Scheduled Maturities of Operating Lease Liabilities (Details) $ in Thousands	Mar. 31, 2021USD ($)
Leases [Abstract]
April - December 2021	$ 2,140
2022	2,364
2023	1,987
2024	1,629
2025	1,629
2026	1,491
Total lease payments	11,240
Less: Imputed interest	(1,307)
Present value of lease liabilities	$ 9,933

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	Mar. 31, 2021USD ($)
Long term debt, carrying amount	$ 26,205
Long term debt, fair value	$ 26,205

Commitments and Contingencies (

Commitments and Contingencies (Details Narrative) - Brasil Commercial Ltda [Member] - USD ($) $ in Thousands	Aug. 14, 2018	Mar. 31, 2021
Aggregated amount of claims during period		$ 9,741
Remaining Claim After Administrative Decisions [Member]
Aggregated amount of claims during period	$ 182