PowerFleet (AIOT) 10-Q 10 Nov 21 2021 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2021	Nov. 05, 2021
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2021
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2021
Current Fiscal Year End Date	--12-31
Entity File Number	001-39080
Entity Registrant Name	POWERFLEET, INC.
Entity Central Index Key	0001774170
Entity Tax Identification Number	83-4366463
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	123 Tice Boulevard
Entity Address, City or Town	Woodcliff Lake
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	07677
City Area Code	(201)
Local Phone Number	996-9000
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	PWFL
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		35,953,108

Condensed Balance Sheets

Condensed Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 33,821	$ 18,127
Restricted cash	308	308
Accounts receivable, net of allowance for doubtful accounts of $2,364 and $2,968 in 2020 and 2021, respectively	30,151	24,147
Inventory, net	16,197	12,873
Deferred costs - current	1,298	3,128
Prepaid expenses and other current assets	7,256	6,184
Total current assets	89,031	64,767
Deferred costs - less current portion	1,174	2,233
Fixed assets, net	8,852	8,804
Goodwill	83,344	83,344
Intangible assets, net	27,397	31,276
Right of use asset	9,850	9,700
Severance payable fund	4,095	4,056
Deferred tax asset	893	1,506
Other assets	3,656	3,115
Total assets	228,292	208,801
Current liabilities:
Short-term bank debt and current maturities of long-term debt	6,225	5,579
Accounts payable and accrued expenses	24,655	20,225
Deferred revenue - current	6,274	7,339
Lease liability - current	2,508	2,755
Total current liabilities	39,662	35,898
Long-term debt, less current maturities	19,025	23,179
Deferred revenue - less current portion	5,328	6,006
Lease liability - less current portion	7,530	7,050
Accrued severance payable	4,740	4,714
Other long-term liabilities	711	674
Total liabilities	76,996	77,521
Commitments and Contingencies (note 21)
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 September 30, 2021	52,495	51,992
Preferred stock; authorized 50,000 shares, $0.01 par value;
Common stock; authorized 75,000 shares, $0.01 par value; 32,280 and 37,257 shares issued at December 31, 2020 and September 30, 2021, respectively; shares outstanding, 31,101 and 35,957 at December 31, 2020 and September 30, 2021, respectively	373	323
Additional paid-in capital	233,965	206,499
Accumulated deficit	(127,720)	(121,150)
Accumulated other comprehensive gain (loss)	(24)	399
Treasury stock; 1,179 and 1,300 common shares at cost at December 31, 2020 and September 30, 2021, respectively	(7,887)	(6,858)
Total Powerfleet, Inc. stockholders’ equity	98,707	79,213
Non-controlling interest	94	75
Total equity	98,801	79,288
Total liabilities and stockholders’ equity	$ 228,292	$ 208,801

Condensed Balance Sheets (Paren

Condensed Balance Sheets (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Accounts Receivable, Allowance for Credit Loss, Current	$ 2,968	$ 2,364
Temporary Equity, Shares Authorized	100	100
Temporary Equity, Par or Stated Value Per Share	$ 0.01	$ 0.01
Temporary Equity, Shares Issued	55	55
Temporary equity, shares outstanding	55	55
Preferred Stock, Shares Authorized	50,000	50,000
Preferred Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Common Stock, Shares Authorized	75,000	75,000
Common Stock, Shares, Issued	37,257	32,280
Common Stock, Shares, Outstanding	35,957	31,101
Treasury Stock, Shares	1,300	1,179

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Revenues:
Total revenues	$ 29,246	$ 27,602	$ 91,785	$ 84,166
Cost of Revenues:
Total cost of revenue	14,981	12,679	47,005	40,334
Gross profit	14,265	14,923	44,780	43,832
Operating expenses:
Selling, general and administrative expenses	13,959	11,636	40,988	38,905
Research and development expenses	2,735	2,535	8,259	8,289
Operating Expenses	16,694	14,171	49,247	47,194
Income (loss) from operations	(2,429)	752	(4,467)	(3,362)
Interest income	11	10	35	41
Interest expense	(777)	(817)	(1,446)	(2,156)
Other (expense) income, net	7		5	7
Net loss before income taxes	(3,188)	(55)	(5,873)	(5,470)
Income tax benefit (expense)	(161)	(529)	(701)	(1,182)
Net loss before non-controlling interest	(3,349)	(584)	(6,574)	(6,652)
Non-controlling interest	4	(6)	5	10
Net loss	(3,345)	(590)	(6,569)	(6,642)
Accretion of preferred stock	(168)	(168)	(504)	(504)
Preferred stock dividend	(1,028)	(991)	(3,084)	(2,918)
Net loss attributable to common stockholders	$ (4,541)	$ (1,749)	$ (10,157)	$ (10,064)
Net loss per share attributable to common stockholders - basic and diluted	$ (0.13)	$ (0.06)	$ (0.30)	$ (0.34)
Weighted average common shares outstanding - basic and diluted	35,019	30,143	34,398	29,528
Product [Member]
Revenues:
Total revenues	$ 10,785	$ 10,914	$ 37,671	$ 33,516
Cost of Revenues:
Total cost of revenue	8,172	6,700	27,186	22,025
Service [Member]
Revenues:
Total revenues	18,461	16,688	54,114	50,650
Cost of Revenues:
Total cost of revenue	$ 6,809	$ 5,979	$ 19,819	$ 18,309

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Income Statement [Abstract]
Net loss attributable to common stockholders	$ (4,541)	$ (1,749)	$ (10,157)	$ (10,064)
Other comprehensive (loss) income, net:
Foreign currency translation adjustment	(92)	(22)	(423)	(1,942)
Total other comprehensive income (loss)	(92)	(22)	(423)	(1,942)
Comprehensive loss	$ (4,633)	$ (1,771)	$ (10,580)	$ (12,006)

Condensed Consolidated Statem_3

Condensed Consolidated Statement of Changes in Stockholders' Equity (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Treasury Stock [Member]	Noncontrolling Interest [Member]	Total
Beginning balance, value at Dec. 31, 2019	$ 308	$ 201,813	$ (112,143)	$ 265	$ (6,053)	$ (10)	$ 84,180
Beginning balance, shares at Dec. 31, 2019	30,804
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
Forfeiture of restricted shares
Forfeiture of restricted shares, shares	(32)
Vesting of restricted stock units	$ 1	(1)
Vesting of restricted stock units, shares	110
Other		62					62
Shares issued pursuant to exercise of stock options	$ 1	382					383
Shares issued pursuant to exercise of stock options, shares	90
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
Ending balance, value at Mar. 31, 2020	$ 310	202,288	(115,569)	(2,061)	(6,541)	(45)	78,382
Ending balance, shares at Mar. 31, 2020	31,012
Beginning balance, value at Dec. 31, 2019	$ 308	201,813	(112,143)	265	(6,053)	(10)	84,180
Beginning balance, shares at Dec. 31, 2019	30,804
Net loss attributable to common stockholders							(10,064)
Net loss attributable to non-controlling interest							(10)
Ending balance, value at Sep. 30, 2020	$ 322	206,302	(118,785)	(1,677)	(6,607)	(35)	79,520
Ending balance, shares at Sep. 30, 2020	32,233
Beginning balance, value at Mar. 31, 2020	$ 310	202,288	(115,569)	(2,061)	(6,541)	(45)	78,382
Beginning balance, shares at Mar. 31, 2020	31,012
Net loss attributable to common stockholders		(1,140)	(2,626)				(3,766)
Net loss attributable to non-controlling interest						(1)	(1)
Foreign currency translation adjustment				406		2	408
Issuance of restricted shares	$ 3	(3)
Issuance of restricted shares, shares	276
Forfeiture of restricted shares
Forfeiture of restricted shares, shares	(12)
Vesting of restricted stock units
Vesting of restricted stock units, shares	17
Shares issued pursuant to exercise of stock options	$ 1	215					216
Shares issued pursuant to exercise of stock options, shares	50
Shares withheld pursuant to vesting of restricted stock					(16)		(16)
Stock based compensation		1,012					1,012
Common shares issued under the 2020 ATM	$ 8	4,033					4,041
Common shares issued under the 2020 ATM, shares	810
Ending balance, value at Jun. 30, 2020	$ 322	206,405	(118,195)	(1,655)	(6,557)	(44)	80,276
Ending balance, shares at Jun. 30, 2020	32,153
Net loss attributable to common stockholders		(1,159)	(590)				(1,749)
Net loss attributable to non-controlling interest						6	6
Foreign currency translation adjustment				(22)		3	(19)
Issuance of restricted shares	$ 1	(1)
Issuance of restricted shares, shares	126
Forfeiture of restricted shares	$ (1)	1
Forfeiture of restricted shares, shares	(55)
Vesting of restricted stock units
Vesting of restricted stock units, shares	4
Shares issued pursuant to exercise of stock options		28					28
Shares issued pursuant to exercise of stock options, shares	5
Shares withheld pursuant to vesting of restricted stock					(50)		(50)
Stock based compensation		1,028					1,028
Ending balance, value at Sep. 30, 2020	$ 322	206,302	(118,785)	(1,677)	(6,607)	(35)	79,520
Ending balance, shares at Sep. 30, 2020	32,233
Beginning balance, value at Dec. 31, 2020	$ 323	206,499	(121,150)	399	(6,858)	75	79,288
Beginning balance, shares at Dec. 31, 2020	32,280
Net loss attributable to common stockholders		(1,196)	(1,787)				(2,983)
Foreign currency translation adjustment				(1,334)		(2)	(1,336)
Issuance of restricted shares	$ 4	(4)
Issuance of restricted shares, shares	415
Forfeiture of restricted shares
Forfeiture of restricted shares, shares	(6)
Vesting of restricted stock units
Vesting of restricted stock units, shares	$ 34
Shares issued pursuant to exercise of stock options	$ 1	716					717
Shares issued pursuant to exercise of stock options, shares	129
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
Ending balance, value at Mar. 31, 2021	$ 372	234,194	(122,937)	(935)	(7,852)	73	102,915
Ending balance, shares at Mar. 31, 2021	37,280
Beginning balance, value at Dec. 31, 2020	$ 323	206,499	(121,150)	399	(6,858)	75	79,288
Beginning balance, shares at Dec. 31, 2020	32,280
Net loss attributable to common stockholders							(10,157)
Net loss attributable to non-controlling interest							(5)
Ending balance, value at Sep. 30, 2021	$ 373	233,965	(127,720)	(24)	(7,887)	94	98,801
Ending balance, shares at Sep. 30, 2021	37,257
Beginning balance, value at Mar. 31, 2021	$ 372	234,194	(122,937)	(935)	(7,852)	73	102,915
Beginning balance, shares at Mar. 31, 2021	37,280
Net loss attributable to common stockholders		(1,195)	(1,438)				(2,633)
Net loss attributable to non-controlling interest						(1)	(1)
Foreign currency translation adjustment				1,003		7	1,010
Forfeiture of restricted shares
Forfeiture of restricted shares, shares	(14)
Shares issued pursuant to exercise of stock options	$ 1	71					72
Shares issued pursuant to exercise of stock options, shares	12
Shares withheld pursuant to vesting of restricted stock					(15)		(15)
Stock based compensation		1,095					1,095
Ending balance, value at Jun. 30, 2021	$ 373	234,165	(124,375)	68	(7,867)	79	102,443
Ending balance, shares at Jun. 30, 2021	37,278
Net loss attributable to common stockholders		(1,196)	(3,345)				(4,541)
Net loss attributable to non-controlling interest						(4)	(4)
Foreign currency translation adjustment				(92)		19	(73)
Issuance of restricted shares	$ 1						1
Issuance of restricted shares, shares	34
Forfeiture of restricted shares	$ (1)						(1)
Forfeiture of restricted shares, shares	(67)
Shares issued pursuant to exercise of stock options		68					68
Shares issued pursuant to exercise of stock options, shares	12
Shares withheld pursuant to vesting of restricted stock					(20)		(20)
Stock based compensation		928					928
Ending balance, value at Sep. 30, 2021	$ 373	$ 233,965	$ (127,720)	$ (24)	$ (7,887)	$ 94	$ 98,801
Ending balance, shares at Sep. 30, 2021	37,257

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Cash flows from operating activities
Net loss	$ (6,569)	$ (6,642)
Adjustments to reconcile net loss to cash (used in) provided by operating activities:
Non-controlling interest	(5)	(10)
Inventory reserve	122	189
Stock based compensation expense	3,380	3,195
Depreciation and amortization	6,377	6,159
Right-of-use assets, non-cash lease expense	1,839	2,129
Bad debt expense	824	640
Deferred income taxes	701	1,182
Other non-cash items	229	(55)
Changes in:
Accounts receivable	(7,469)	1,959
Inventory	(3,689)	1,318
Prepaid expenses and other assets	(871)	1,546
Deferred costs	2,888	2,408
Deferred revenue	(1,365)	(2,695)
Accounts payable and accrued expenses	4,130	(3,907)
Lease liabilities	(1,757)	(2,218)
Accrued severance payable, net	(12)	95
Net cash (used in) provided by operating activities	(1,247)	5,293
Cash flows from investing activities:
Proceeds from sale of property and equipment		55
Capital expenditures	(2,534)	(2,101)
Net cash (used in) provided by investing activities	(2,534)	(2,046)
Cash flows from financing activities:
Net proceeds from stock offering	26,907	4,041
Payment of preferred stock dividends	(3,084)
Repayment of long-term debt	(4,040)	(1,495)
Short-term bank debt, net	94	(290)
Proceeds from exercise of stock options, net	170	371
Purchase of treasury stock upon vesting of restricted stock	(383)	(298)
Net cash (used in) provided by financing activities	19,664	2,329
Effect of foreign exchange rate changes on cash and cash equivalents	(189)	(894)
Net (decrease) increase in cash, cash equivalents and restricted cash	15,694	4,682
Cash, cash equivalents, and restricted cash, beginning of period	18,435	16,703
Cash, cash equivalents, and restricted cash, end of period	34,129	21,385
Reconciliation of cash, cash equivalents, and restricted cash, beginning of period
Cash and cash equivalents	18,127	16,395
Restricted cash	308	308
Cash and cash equivalents	33,821	21,077
Restricted cash	308	308
Cash paid for:
Taxes	50	42
Interest	1,129	1,463
Noncash investing and financing activities:
Value of shares withheld pursuant to exercise of stock options	$ 647	$ 256

DESCRIPTION OF THE COMPANY AND

DESCRIPTION OF THE COMPANY AND BASIS OF PRESENTATION	9 Months Ended
	Sep. 30, 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 and Supply Chain Disruptions 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. In addition, the Company has experienced a significant impact to its supply chain given COVID-19 and the related global semiconductor chip shortage, including delays in supply chain deliveries, extended lead times and shortages of certain key components, some raw material cost increases and slowdowns at certain production facilities. As a result of these supply chain issues, the Company has had to increase its volume of inventory to ensure supply. During the three-month period ended September 30, 2021, the Company incurred supply chain constraint expenses which lowered its gross margins and decreased its profitability. The supply chain disruptions and the related global semiconductor chip shortage have delayed and may continue to delay the timing of some orders and expected deliveries of the Company’s products. If the impact of the supply chain disruptions are more severe than the Company expects, it could result in longer lead times, inventory supply challenges and further increased costs, all of which could result in the deterioration of the Company’s results, potentially for a longer period than currently anticipated. As of the date of these unaudited consolidated financial statements, the full extent to which the COVID-19 pandemic and the related supply chain issues may materially impact the Company’s business, results of operations and financial condition is uncertain. Basis of presentation The unaudited interim condensed consolidated financial statements include the accounts of the Company and its wholly-owned and majority-owned subsidiaries. All material intercompany balances and transactions have been eliminated in consolidation. The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and the instructions to Form 10-Q. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, such statements include all adjustments (consisting only of normal recurring items) which are considered necessary for a fair presentation of the consolidated financial position of the Company as of September 30, 2021, the consolidated results of its operations for the three- and nine-month periods ended September 30, 2020 and 2021, the consolidated change in stockholders’ equity for the three-month periods ended March 31, June 30, and September 30, 2020 and 2021 and the consolidated cash flows for the nine-month periods ended September 30, 2020 and 2021. The results of operations for the three- and nine-month periods ended September 30, 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 September 30, 2021, the Company had cash and cash equivalents of $ 34,129 49,369 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 20,000 10,000 five-year revolving credit facility to Pointer in an aggregate principal amount of $ 10,000 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 4,200 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. During 2020 we proactively took 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 November 10, 2022.

USE OF ESTIMATES

USE OF ESTIMATES	9 Months Ended
	Sep. 30, 2021
Use Of Estimates
USE OF ESTIMATES	NOTE 2 – USE OF ESTIMATES The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company continually evaluates estimates used in the preparation of the financial statements for reasonableness. The most significant estimates relate to measurements of fair value of assets acquired and liabilities assumed, realization of deferred tax assets, the impairment of tangible and intangible assets, the assessment of the Company’s incremental borrowing rate used to determine its right-of-use asset and lease liability, deferred revenue and stock-based compensation costs. Actual results could differ from those estimates. As of September 30, 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	9 Months Ended
	Sep. 30, 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 September 30, 2021 consists of cash held in escrow for purchases from a vendor.

REVENUE RECOGNITION

REVENUE RECOGNITION	9 Months Ended
	Sep. 30, 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- and nine-months ended September 30, 2020 and 2021: SCHEDULE OF REVENUE DISAGGREGATED BY REVENUE SOURCE Three Months Ended Nine Months Ended 2020 2021 2020 2021 Products $ 10,914 $ 10,785 $ 33,516 $ 37,671 Services 16,688 18,461 50,650 54,114 $ 27,602 $ 29,246 $ 84,166 $ 91,785 The balances of contract assets, and contract liabilities from contracts with customers are as follows as of December 31, 2020 and September 30, 2021: SCHEDULE OF DEFERRED REVENUE December 31, 2020 September 30, 2021 (unaudited) Assets: Deferred contract costs $ 2,157 $ 2,567 Deferred costs $ 5,361 $ 2,472 Liabilities: Deferred revenue- services (1) $ 6,578 $ 8,455 Deferred revenue - products (1) 6,767 3,147 13,345 11,602 Less: Deferred revenue and contract liabilities - current portion (7,339 ) (6,274 ) Deferred revenue and contract liabilities - less current portion $ 6,006 $ 5,328 (1) The Company records deferred revenues when cash payments are received or due in advance of the Company’s performance. For the three- and nine-month periods ended September 30, 2020 and 2021, the Company recognized revenue of $ 2,381 6,981 2,547 7,767

PREPAID EXPENSES AND OTHER ASSE

PREPAID EXPENSES AND OTHER ASSETS	9 Months Ended
	Sep. 30, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
PREPAID EXPENSES AND OTHER ASSETS	NOTE 5 – PREPAID EXPENSES AND OTHER ASSETS Prepaid expenses and other current assets consist of the following: SCHEDULE OF PREPAID EXPENSES AND OTHER CURRENT ASSETS December 31, 2020 September 30, 2021 (Unaudited) Finance receivables, current $ 692 $ 697 Prepaid expenses 2,979 3,473 Contract assets 767 1,004 Other current assets 1,746 2,082 Prepaid expenses and other current assets $ 6,184 $ 7,256

INVENTORY

INVENTORY	9 Months Ended
	Sep. 30, 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 $ 515 649 Inventories consist of the following: SCHEDULE OF INVENTORIES December 31, 2020 September 30, 2021 (Unaudited) Components $ 7,697 $ 9,212 Work in process 237 417 Finished goods, net 4,939 6,568 Inventory, Net $ 12,873 $ 16,197

FIXED ASSETS

FIXED ASSETS	9 Months Ended
	Sep. 30, 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: SCHEDULE OF FIXED ASSETS December 31, 2020 September 30, 2021 (Unaudited) Installed products $ 4,174 $ 5,846 Computer software 5,882 6,383 Computer and electronic equipment 5,273 5,515 Furniture and fixtures 1,828 1,919 Leasehold improvements 1,353 1,375 18,510 21,038 Accumulated depreciation and amortization (9,706 ) (12,186 ) $ 8,804 $ 8,852 Depreciation and amortization expense of fixed assets for the three- and nine-month periods ended September 30, 2020 was $ 777 2,163 865 2,498 128 389 106 316

INTANGIBLE ASSETS AND GOODWILL

INTANGIBLE ASSETS AND GOODWILL	9 Months Ended
	Sep. 30, 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 September 30, 2021: SCHEDULE OF INTANGIBLE ASSETS September 30, 2021 (Unaudited) Useful Lives (In Years) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Amortized: Customer relationships 9 12 $ 19,264 $ (3,951 ) $ 15,313 Trademark and tradename 3 15 7,553 (1,895 ) 5,658 Patents 7 11 2,117 (1,728 ) 389 Technology 7 10,911 (5,075 ) 5,836 Favorable contract interest 4 388 (388 ) - Covenant not to compete 5 208 (172 ) 36 40,441 (13,209 ) 27,232 Unamortized: Customer List 104 - 104 Trademark and tradename 61 - 61 165 - 165 Total $ 40,606 $ (13,209 ) $ 27,397 December 31, 2020 Useful Lives Gross Carrying Amount Accumulated Amortization Net Carrying Amount 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 September 30, 2021, the weighted-average amortization period for the intangible assets was 9.2 11.9 9.6 9.8 4.3 4.0 5.0 Amortization expense for the three- and nine-month periods ended September 30, 2020 was $ 1,331 3,996 1,282 3,879 SCHEDULE OF FINITE-LIVED INTANGIBLE ASSETS, FUTURE AMORTIZATION EXPENSE Year ending December 31: 2021 (remaining) $ 1,275 2022 5,080 2023 5,035 2024 2,622 2025 2,495 2026 2,413 Thereafter 8,312 Finite-Lived Intangible Assets, Net, Total $ 27,232 There have been no changes in the carrying amount of goodwill from January 1, 2020 to September 30, 2021. For the nine-month period ended September 30, 2021, the Company did not identify any indicators of impairment.

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	9 Months Ended
	Sep. 30, 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 nine-month period ended September 30, 2021: SCHEDULE OF STOCK OPTIONS ACTIVITY 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 (146 ) 5.59 Forfeited or expired (101 ) 6.23 Outstanding at end of period 3,497 $ 5.92 7.5 $ 4,018 Exercisable at end of period 1,290 $ 5.65 6.1 $ 1,801 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: SCHEDULE OF FAIR VALUE STOCK OPTION ASSUMPTIONS September 30, 2020 2021 Expected volatility 44.7 % 50.2 % Expected life of options (in years) 6 7 Risk free interest rate 1.17 % 0.69 % Dividend yield 0 % 0 % Weighted-average fair value of options granted during year $ 2.58 $ 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 $ 366 1,209 345 1,061 The fair value of options vested during the nine-month periods ended September 30, 2020 and 2021 was $ 1,194 508 228 470 As of September 30, 2021, there was approximately $ 3,089 3.76 The Company estimates forfeitures at the time of valuation and reduces expense ratably over the vesting period. This estimate is adjusted periodically based on the extent to which actual forfeitures differ, or are expected to differ, from the previous estimate. [B] Restricted Stock Awards: The Company grants restricted stock to employees, whereby the employees are contractually restricted from transferring the shares until they are vested. The stock is unvested at the time of grant and, upon vesting, there are no legal restrictions on the stock. The fair value of each share is based on the Company’s closing stock price on the date of the grant. A summary of all non-vested restricted stock for the nine-month period ended September 30, 2021 is as follows: SCHEDULE OF NON-VESTED RESTRICTED STOCK ACTIVITY Number of Non-Vested Shares Weighted-Average Grant Date Fair Value Restricted stock, non-vested, beginning of year 806 $ 5.54 Granted 450 7.63 Vested (253 ) 5.75 Forfeited or expired (91 ) 6.55 Restricted stock, non-vested, end of period 912 $ 6.41 The Company recorded stock-based compensation expense of $ 593 1,641 533 1,908 3,609 2.6 [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 nine-month period ended September 30, 2021: SCHEDULE OF NON-VESTED RESTRICTED STOCK ACTIVITY Number of Weighted-Average Restricted stock units, non-vested, beginning of year 75 $ 5.60 Granted - - Vested (34 ) 5.60 Forfeited (4 ) 5.60 Restricted stock units, non-vested, end of period 37 $ 5.60 The Company recorded stock-based compensation expense of $ 33 228 51 152 99 0.6

NET LOSS PER SHARE

NET LOSS PER SHARE	9 Months Ended
	Sep. 30, 2021
Earnings Per Share [Abstract]
NET LOSS PER SHARE	NOTE 10 - NET LOSS PER SHARE Net loss per share for the three- and nine-month periods ended September 30, 2020 and 2021 are as follows: SCHEDULE OF NET LOSS PER SHARE BASIC AND DILUTED Three Months Ended Nine Months Ended September 30, September 30, 2020 2021 2020 2021 Basic and diluted loss per share Net loss attributable to common stockholders $ (1,749 ) $ (4,541 ) $ (10,064 ) $ (10,157 ) Weighted-average common share outstanding - basic and diluted 30,143 35,019 29,528 34,398 Net loss attributable to common stockholders - basic and diluted $ (0.06 ) $ (0.13 ) $ (0.34 ) $ (0.30 ) 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 nine-month periods ended September 30, 2020 and September 30, 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 12,070 11,939

SHORT-TERM BANK DEBT AND LONG-T

SHORT-TERM BANK DEBT AND LONG-TERM DEBT	9 Months Ended
	Sep. 30, 2021
Debt Disclosure [Abstract]
SHORT-TERM BANK DEBT AND LONG-TERM DEBT	NOTE 11 - SHORT-TERM BANK DEBT AND LONG-TERM DEBT SCHEDULE OF LONG TERM DEBT December 31, 2020 September 30, 2021 (Unaudited) Short-term bank debt $ 280 $ 360 Current maturities of long-term debt $ 5,299 $ 5,865 Long term debt - less current maturities $ 23,179 $ 19,025 Long-term debt In connection with the Transactions, PowerFleet Israel incurred $ 30,000 30,000 20,000 10,000 five-year 10,000 3,000 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 was 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 agreed to pay a 1% commitment fee on the unutilized and uncancelled availability under the Revolving Facility . The Credit Facilities are secured by the shares held by PowerFleet Israel in Pointer and by Pointer over all of its assets. The Credit Agreement includes customary representations, warranties, affirmative covenants, negative covenants (including the following financial covenants, tested quarterly: Pointer’s net debt to EBITDA; Pointer’s net debt to working capital; minimum equity of PowerFleet Israel; PowerFleet Israel equity to total assets; PowerFleet Israel net debt to EBITDA; and Pointer EBITDA to current payments and events of default. The Company is in compliance with the covenants as of September 30, 2021. On August 23, 2021, PowerFleet Israel and Pointer (the “Borrowers”) entered into an amendment (the “Amendment”), effective as of August 1, 2021, to the Credit Agreement with Hapoalim. The Amendment memorializes the agreements between the Borrowers and Hapoalim regarding a reduction in the interest rates of the two Term Facilities. Pursuant to the Amendment, commencing as of November 12, 2020, the interest rate with respect to the Term A Facility was reduced to a fixed rate of 3.65% per annum and the interest rate with respect to the Term B Facility was reduced to a fixed rate of 4.5% per annum. The Amendment also provides, among other things, for (i) a reduction in the credit allocation fee on undrawn and uncancelled amounts of the Revolving Facility from 1% to 0.5% per annum, (ii) removal of the requirement that PowerFleet Israel maintain $ 3,000 In connection with the Credit Facilities, the Company incurred debt issuance costs of $ 742 68 223 371 1,114 268 821 Scheduled maturities of the long term debt as of September 30, 2021 are as follows: SCHEDULE OF MATURITIES OF LONG TERM DEBT Sep, 30, 2021 Year ending December 31: 2022 $ 5,865 2023 5,946 2024 13,079 Long term debt 24,890 Less: Current Portion 5,865 Total $ 19,025 The Term B Facility is not subject to amortization over the life of the loan and instead the original principal amount is due in one installment on the fifth anniversary of the date of the consummation of the Transactions.

ACCOUNTS PAYABLE AND ACCRUED EX

ACCOUNTS PAYABLE AND ACCRUED EXPENSES	9 Months Ended
	Sep. 30, 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: SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED LIABILITIES December 31, 2020 September 30, 2021 (Unaudited) Accounts payable $ 9,877 $ 13,871 Accrued warranty 705 906 Accrued compensation 5,581 5,561 Government authorities 3,047 2,874 Other current liabilities 1,015 1,443 Accounts payable and accrued expenses $ 20,225 $ 24,655 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. 60 The following table summarizes warranty activity for the nine-month periods ended September 30, 2020 and 2021: SCHEDULE OF PRODUCT WARRANTY LIABILITY Nine Months Ended September 30, 2020 2021 Accrued warranty reserve, beginning of year $ 742 $ 807 Accrual for product warranties issued 639 864 Product replacements and other warranty expenditures (565 ) (305 ) Expiration of warranties 19 (280 ) Accrued warranty reserve, end of period (a) $ 835 $ 1,086 (a) Includes non-current accrued warranty included in other long-term liabilities at December 31, 2020 and September 30, 2021 of $ 102 and $ 180

STOCKHOLDERS_ EQUITY

STOCKHOLDERS’ EQUITY	9 Months Ended
	Sep. 30, 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 28,800 [B] Redeemable preferred stock The Company is authorized to issue 150 0.01 100 Series A Preferred Stock In connection with the completion of the Transactions, on October 3, 2019, the Company issued 50 1 0 Liquidation The Series A Preferred Stock has a liquidation preference equal to the greater of (i) the original issuance price of $ 1,000.00 Dividends Holders of Series A Preferred Stock are entitled to receive cumulative dividends at a minimum rate of 7.5 17.5 3,085 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 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 amount Redemption On June 9, 2021, we entered into a preferred stock redemption right agreement (the “Redemption Right Agreement”) with the Investors, pursuant to which we had the right to redeem 10 1,450

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE LOSS	9 Months Ended
	Sep. 30, 2021
Equity [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 nine-month period ended September 30, 2021 are as follows: SCHEDULE OF ACCUMULATED OTHER COMPREHENSIVE LOSS Foreign currency translation adjustment Accumulated other comprehensive income Balance at January 1, 2021 $ 399 $ 399 Net current period change (423 ) (423 ) Balance at September 30, 2021 $ (24 ) $ (24 ) The accumulated balances for each classification of other comprehensive loss for the nine-month period ended September 30, 2020 are as follows: Foreign currency Accumulated other comprehensive income Balance at January 1, 2020 $ 265 $ 265 Net current period change (1,942 ) (1,942 ) Balance at September 30, 2020 $ (1,677 ) $ (1,677 ) The 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 $ (1,942) (423) 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- and nine-month periods ended September 30, 2020 of $ 296 155 (345) (139) (261) 151

SEGMENT INFORMATION

SEGMENT INFORMATION	9 Months Ended
	Sep. 30, 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. SCHEDULE OF REVENUES AND LONG LIVED ASSETS BY GEOGRAPHICAL REGION Three Months Ended September 30, Nine Months Ended September 30, 2020 2021 2020 2021 United States $ 10,142 $ 10,976 $ 34,095 $ 36,186 Israel 10,124 10,655 28,999 33,343 Other 7,336 7,615 21,072 22,256 $ 27,602 $ 29,246 $ 84,166 $ 91,785 December 31, 2020 September 30, 2021 (Unaudited) Long lived assets by geographic region: United States $ 1,425 $ 1,181 Israel 3,282 3,455 Other 4,097 4,216 $ 8,804 $ 8,852

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2021
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE 16 - INCOME TAXES The Company 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 nine months ended September 30, 2020 and 2021 was ( 21.6 )% and ( 11.9)% , respectively. For the nine months ended September 30, 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 CARES Act did not have a material impact on the Company’s consolidated 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 AETR for the year.

LEASES

LEASES	9 Months Ended
	Sep. 30, 2021
Leases
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 seven years 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- and nine- months ended September 30, 2020 and 2021. Components of lease expense are as follows: SCHEDULE OF COMPONENTS OF LEASE EXPENSE Three Months Ended September 30, Nine Months Ended September 30, 2020 2021 2020 2021 Short term lease cost: $ 92 $ 117 $ 385 $ 472 Supplemental cash flow information and non-cash activity related to our operating leases are as follows: SCHEDULE OF CASH FLOW INFORMATION AND NON-CASH ACTIVITY OF OPERATING LEASES Nine Months Ended September 30, 2020 2021 Non-cash activity: Right-of-use assets obtained in exchange for lease obligations $ 2,485 $ 2,341 Weighted-average remaining lease term and discount rate for our operating leases are as follows: SCHEDULE OF WEIGHTED AVERAGE REMAINING LEASE TERM AND DISCOUNT RATE September 30, 2021 Weighted-average remaining lease term (in years) 3.6 Weighted-average discount rate 4.5 % Scheduled maturities of operating lease liabilities outstanding as of September 30, 2021 are as follows: SCHEDULED MATURITIES OF OPERATING LEASE LIABILITIES Y Sep, 30, 2021 Year ending December 31: October - December 2021 $ 803 2022 2,765 2023 2,462 2024 1,848 2025 1,732 Thereafter 1,627 Total lease payments 11,237 Less: Imputed interest (1,199 ) Present value of lease liabilities $ 10,038

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	9 Months Ended
	Sep. 30, 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. SCHEDULE OF FAIR VALUE OF FINANCIAL INSTRUMENTS September 30, 2021 Carrying Amount Fair Value Long term debt $ 24,890 $ 24,890

CONCENTRATION OF CUSTOMERS

CONCENTRATION OF CUSTOMERS	9 Months Ended
	Sep. 30, 2021
Risks and Uncertainties [Abstract]
CONCENTRATION OF CUSTOMERS	NOTE 19 - CONCENTRATION OF CUSTOMERS For the nine-month periods ended September 30, 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	9 Months Ended
	Sep. 30, 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 August 2014, Pointer do Brasil Comercial Ltda. (“Pointer Brazil”) received a notification of lack of payment of VAT tax (Brazilian ICMS tax) in the amount of $ 195 , plus $ 979 of interest and penalty, totaling $ 1,174 as of September 30, 2021. The Company is vigorously defending this tax assessment before the administrative court in Brazil, but in light of the administrative and judicial processes in Brazil, it could take up to 14 years before the dispute is finally resolved. In case the administrative court rules against the Company, the Company could claim before the judicial court, an appellate court in Brazil, a substantial reduction of interest charged, potentially reducing the Company’s total exposure. The Company’s legal counsel is of the opinion that the chance of loss is not probable and for this reason the Company has not made any provision. In July 2015, Pointer Brazil received a tax deficiency notice alleging that the services provided by Pointer Brazil should be classified as “telecommunication services” and therefore Pointer Brazil should be subject to the state value-added tax. The aggregate amount claimed to be owed under the notice was approximately $ 10,585 189

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	9 Months Ended
	Sep. 30, 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)	9 Months Ended
	Sep. 30, 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- and nine-months ended September 30, 2020 and 2021: SCHEDULE OF REVENUE DISAGGREGATED BY REVENUE SOURCE Three Months Ended Nine Months Ended 2020 2021 2020 2021 Products $ 10,914 $ 10,785 $ 33,516 $ 37,671 Services 16,688 18,461 50,650 54,114 $ 27,602 $ 29,246 $ 84,166 $ 91,785
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 September 30, 2021: SCHEDULE OF DEFERRED REVENUE December 31, 2020 September 30, 2021 (unaudited) Assets: Deferred contract costs $ 2,157 $ 2,567 Deferred costs $ 5,361 $ 2,472 Liabilities: Deferred revenue- services (1) $ 6,578 $ 8,455 Deferred revenue - products (1) 6,767 3,147 13,345 11,602 Less: Deferred revenue and contract liabilities - current portion (7,339 ) (6,274 ) Deferred revenue and contract liabilities - less current portion $ 6,006 $ 5,328 (1) The Company records deferred revenues when cash payments are received or due in advance of the Company’s performance. For the three- and nine-month periods ended September 30, 2020 and 2021, the Company recognized revenue of $ 2,381 6,981 2,547 7,767

PREPAID EXPENSES AND OTHER AS_2

PREPAID EXPENSES AND OTHER ASSETS (Tables)	9 Months Ended
	Sep. 30, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
SCHEDULE OF PREPAID EXPENSES AND OTHER CURRENT ASSETS	Prepaid expenses and other current assets consist of the following: SCHEDULE OF PREPAID EXPENSES AND OTHER CURRENT ASSETS December 31, 2020 September 30, 2021 (Unaudited) Finance receivables, current $ 692 $ 697 Prepaid expenses 2,979 3,473 Contract assets 767 1,004 Other current assets 1,746 2,082 Prepaid expenses and other current assets $ 6,184 $ 7,256

INVENTORY (Tables)

INVENTORY (Tables)	9 Months Ended
	Sep. 30, 2021
Inventory Disclosure [Abstract]
SCHEDULE OF INVENTORIES	Inventories consist of the following: SCHEDULE OF INVENTORIES December 31, 2020 September 30, 2021 (Unaudited) Components $ 7,697 $ 9,212 Work in process 237 417 Finished goods, net 4,939 6,568 Inventory, Net $ 12,873 $ 16,197

FIXED ASSETS (Tables)

FIXED ASSETS (Tables)	9 Months Ended
	Sep. 30, 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: SCHEDULE OF FIXED ASSETS December 31, 2020 September 30, 2021 (Unaudited) Installed products $ 4,174 $ 5,846 Computer software 5,882 6,383 Computer and electronic equipment 5,273 5,515 Furniture and fixtures 1,828 1,919 Leasehold improvements 1,353 1,375 18,510 21,038 Accumulated depreciation and amortization (9,706 ) (12,186 ) $ 8,804 $ 8,852

INTANGIBLE ASSETS AND GOODWILL

INTANGIBLE ASSETS AND GOODWILL (Tables)	9 Months Ended
	Sep. 30, 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 September 30, 2021: SCHEDULE OF INTANGIBLE ASSETS September 30, 2021 (Unaudited) Useful Lives (In Years) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Amortized: Customer relationships 9 12 $ 19,264 $ (3,951 ) $ 15,313 Trademark and tradename 3 15 7,553 (1,895 ) 5,658 Patents 7 11 2,117 (1,728 ) 389 Technology 7 10,911 (5,075 ) 5,836 Favorable contract interest 4 388 (388 ) - Covenant not to compete 5 208 (172 ) 36 40,441 (13,209 ) 27,232 Unamortized: Customer List 104 - 104 Trademark and tradename 61 - 61 165 - 165 Total $ 40,606 $ (13,209 ) $ 27,397 December 31, 2020 Useful Lives Gross Carrying Amount Accumulated Amortization Net Carrying Amount 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	SCHEDULE OF FINITE-LIVED INTANGIBLE ASSETS, FUTURE AMORTIZATION EXPENSE Year ending December 31: 2021 (remaining) $ 1,275 2022 5,080 2023 5,035 2024 2,622 2025 2,495 2026 2,413 Thereafter 8,312 Finite-Lived Intangible Assets, Net, Total $ 27,232

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	9 Months Ended
	Sep. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
SCHEDULE OF STOCK OPTIONS ACTIVITY	The following table summarizes the activity relating to the Company’s stock options for the nine-month period ended September 30, 2021: SCHEDULE OF STOCK OPTIONS ACTIVITY 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 (146 ) 5.59 Forfeited or expired (101 ) 6.23 Outstanding at end of period 3,497 $ 5.92 7.5 $ 4,018 Exercisable at end of period 1,290 $ 5.65 6.1 $ 1,801
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: SCHEDULE OF FAIR VALUE STOCK OPTION ASSUMPTIONS September 30, 2020 2021 Expected volatility 44.7 % 50.2 % Expected life of options (in years) 6 7 Risk free interest rate 1.17 % 0.69 % Dividend yield 0 % 0 % Weighted-average fair value of options granted during year $ 2.58 $ 3.81
SCHEDULE OF NON-VESTED RESTRICTED STOCK ACTIVITY	The Company grants restricted stock to employees, whereby the employees are contractually restricted from transferring the shares until they are vested. The stock is unvested at the time of grant and, upon vesting, there are no legal restrictions on the stock. The fair value of each share is based on the Company’s closing stock price on the date of the grant. A summary of all non-vested restricted stock for the nine-month period ended September 30, 2021 is as follows: SCHEDULE OF NON-VESTED RESTRICTED STOCK ACTIVITY Number of Non-Vested Shares Weighted-Average Grant Date Fair Value Restricted stock, non-vested, beginning of year 806 $ 5.54 Granted 450 7.63 Vested (253 ) 5.75 Forfeited or expired (91 ) 6.55 Restricted stock, non-vested, end of period 912 $ 6.41
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
SCHEDULE OF NON-VESTED RESTRICTED STOCK ACTIVITY	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 nine-month period ended September 30, 2021: SCHEDULE OF NON-VESTED RESTRICTED STOCK ACTIVITY Number of Weighted-Average Restricted stock units, non-vested, beginning of year 75 $ 5.60 Granted - - Vested (34 ) 5.60 Forfeited (4 ) 5.60 Restricted stock units, non-vested, end of period 37 $ 5.60

NET LOSS PER SHARE (Tables)

NET LOSS PER SHARE (Tables)	9 Months Ended
	Sep. 30, 2021
Earnings Per Share [Abstract]
SCHEDULE OF NET LOSS PER SHARE BASIC AND DILUTED	Net loss per share for the three- and nine-month periods ended September 30, 2020 and 2021 are as follows: SCHEDULE OF NET LOSS PER SHARE BASIC AND DILUTED Three Months Ended Nine Months Ended September 30, September 30, 2020 2021 2020 2021 Basic and diluted loss per share Net loss attributable to common stockholders $ (1,749 ) $ (4,541 ) $ (10,064 ) $ (10,157 ) Weighted-average common share outstanding - basic and diluted 30,143 35,019 29,528 34,398 Net loss attributable to common stockholders - basic and diluted $ (0.06 ) $ (0.13 ) $ (0.34 ) $ (0.30 )

SHORT-TERM BANK DEBT AND LONG_2

SHORT-TERM BANK DEBT AND LONG-TERM DEBT (Tables)	9 Months Ended
	Sep. 30, 2021
Debt Disclosure [Abstract]
SCHEDULE OF LONG TERM DEBT	SCHEDULE OF LONG TERM DEBT December 31, 2020 September 30, 2021 (Unaudited) Short-term bank debt $ 280 $ 360 Current maturities of long-term debt $ 5,299 $ 5,865 Long term debt - less current maturities $ 23,179 $ 19,025
SCHEDULE OF MATURITIES OF LONG TERM DEBT	Scheduled maturities of the long term debt as of September 30, 2021 are as follows: SCHEDULE OF MATURITIES OF LONG TERM DEBT Sep, 30, 2021 Year ending December 31: 2022 $ 5,865 2023 5,946 2024 13,079 Long term debt 24,890 Less: Current Portion 5,865 Total $ 19,025

ACCOUNTS PAYABLE AND ACCRUED _2

ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)	9 Months Ended
	Sep. 30, 2021
Payables and Accruals [Abstract]
SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED LIABILITIES	Accounts payable and accrued expenses consist of the following: SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED LIABILITIES December 31, 2020 September 30, 2021 (Unaudited) Accounts payable $ 9,877 $ 13,871 Accrued warranty 705 906 Accrued compensation 5,581 5,561 Government authorities 3,047 2,874 Other current liabilities 1,015 1,443 Accounts payable and accrued expenses $ 20,225 $ 24,655
SCHEDULE OF PRODUCT WARRANTY LIABILITY	The following table summarizes warranty activity for the nine-month periods ended September 30, 2020 and 2021: SCHEDULE OF PRODUCT WARRANTY LIABILITY Nine Months Ended September 30, 2020 2021 Accrued warranty reserve, beginning of year $ 742 $ 807 Accrual for product warranties issued 639 864 Product replacements and other warranty expenditures (565 ) (305 ) Expiration of warranties 19 (280 ) Accrued warranty reserve, end of period (a) $ 835 $ 1,086 (a) Includes non-current accrued warranty included in other long-term liabilities at December 31, 2020 and September 30, 2021 of $ 102 and $ 180

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)	9 Months Ended
	Sep. 30, 2021
Equity [Abstract]
SCHEDULE OF ACCUMULATED OTHER COMPREHENSIVE LOSS	The accumulated balances for each classification of other comprehensive loss for the nine-month period ended September 30, 2021 are as follows: SCHEDULE OF ACCUMULATED OTHER COMPREHENSIVE LOSS Foreign currency translation adjustment Accumulated other comprehensive income Balance at January 1, 2021 $ 399 $ 399 Net current period change (423 ) (423 ) Balance at September 30, 2021 $ (24 ) $ (24 ) The accumulated balances for each classification of other comprehensive loss for the nine-month period ended September 30, 2020 are as follows: Foreign currency Accumulated other comprehensive income Balance at January 1, 2020 $ 265 $ 265 Net current period change (1,942 ) (1,942 ) Balance at September 30, 2020 $ (1,677 ) $ (1,677 )

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	9 Months Ended
	Sep. 30, 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. SCHEDULE OF REVENUES AND LONG LIVED ASSETS BY GEOGRAPHICAL REGION Three Months Ended September 30, Nine Months Ended September 30, 2020 2021 2020 2021 United States $ 10,142 $ 10,976 $ 34,095 $ 36,186 Israel 10,124 10,655 28,999 33,343 Other 7,336 7,615 21,072 22,256 $ 27,602 $ 29,246 $ 84,166 $ 91,785 December 31, 2020 September 30, 2021 (Unaudited) Long lived assets by geographic region: United States $ 1,425 $ 1,181 Israel 3,282 3,455 Other 4,097 4,216 $ 8,804 $ 8,852

LEASES (Tables)

LEASES (Tables)	9 Months Ended
	Sep. 30, 2021
Leases
SCHEDULE OF COMPONENTS OF LEASE EXPENSE	Components of lease expense are as follows: SCHEDULE OF COMPONENTS OF LEASE EXPENSE Three Months Ended September 30, Nine Months Ended September 30, 2020 2021 2020 2021 Short term lease cost: $ 92 $ 117 $ 385 $ 472
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: SCHEDULE OF CASH FLOW INFORMATION AND NON-CASH ACTIVITY OF OPERATING LEASES Nine Months Ended September 30, 2020 2021 Non-cash activity: Right-of-use assets obtained in exchange for lease obligations $ 2,485 $ 2,341
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: SCHEDULE OF WEIGHTED AVERAGE REMAINING LEASE TERM AND DISCOUNT RATE September 30, 2021 Weighted-average remaining lease term (in years) 3.6 Weighted-average discount rate 4.5 %
SCHEDULED MATURITIES OF OPERATING LEASE LIABILITIES	Scheduled maturities of operating lease liabilities outstanding as of September 30, 2021 are as follows: SCHEDULED MATURITIES OF OPERATING LEASE LIABILITIES Y Sep, 30, 2021 Year ending December 31: October - December 2021 $ 803 2022 2,765 2023 2,462 2024 1,848 2025 1,732 Thereafter 1,627 Total lease payments 11,237 Less: Imputed interest (1,199 ) Present value of lease liabilities $ 10,038

FAIR VALUE OF FINANCIAL INSTR_2

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	9 Months Ended
	Sep. 30, 2021
Fair Value Disclosures [Abstract]
SCHEDULE OF FAIR VALUE OF FINANCIAL INSTRUMENTS	SCHEDULE OF FAIR VALUE OF FINANCIAL INSTRUMENTS September 30, 2021 Carrying Amount Fair Value Long term debt $ 24,890 $ 24,890

DESCRIPTION OF THE COMPANY AN_2

DESCRIPTION OF THE COMPANY AND BASIS OF PRESENTATION (Details Narrative) - USD ($) shares in Thousands, $ in Thousands	Feb. 01, 2021	May 14, 2020	Nov. 27, 2019	Sep. 30, 2021	Sep. 30, 2020
Short-term Debt [Line Items]
Cash and cash equivalents				$ 34,129
Working capital				49,369
Proceeds from Issuance Initial Public Offering				$ 26,907	$ 4,041
Common Stock Preferred Stock Warrants Debt Securities And Units Or Any Combination [Member]
Short-term Debt [Line Items]
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.
IPO [Member] | Equity Distribution Agreement [Member] | Canaccord Genuity L L C [Member]
Short-term Debt [Line Items]
Number of common stocks issued		810
Proceeds from issuance of common stock		$ 4,200
Underwritten Public Offering [Member] | Underwriting Agreement [Member]
Short-term Debt [Line Items]
Number of common stocks issued	4,428
Proceeds from Issuance Initial Public Offering	$ 28,800
Revolving Credit Facility [Member]
Short-term Debt [Line Items]
Line of credit facility, expiration period				five-year revolving credit facility to Pointer in an aggregate principal amount of $10,000.
Line of credit, principal amount				$ 10,000
Two Senior Secured Term Loan [Member]
Short-term Debt [Line Items]
Debt instrument, face amount				30,000
Facilities One [Member]
Short-term Debt [Line Items]
Debt instrument, face amount				20,000
Facilities Two [Member]
Short-term Debt [Line Items]
Debt instrument, face amount				$ 10,000

SCHEDULE OF REVENUE DISAGGREGAT

SCHEDULE OF REVENUE DISAGGREGATED BY REVENUE SOURCE (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Disaggregation of Revenue [Line Items]
Total revenues	$ 29,246	$ 27,602	$ 91,785	$ 84,166
Product [Member]
Disaggregation of Revenue [Line Items]
Total revenues	10,785	10,914	37,671	33,516
Service [Member]
Disaggregation of Revenue [Line Items]
Total revenues	$ 18,461	$ 16,688	$ 54,114	$ 50,650

SCHEDULE OF DEFERRED REVENUE (D

SCHEDULE OF DEFERRED REVENUE (Details) - USD ($) $ in Thousands		Sep. 30, 2021	Dec. 31, 2020
Disaggregation of Revenue [Line Items]
Deferred costs		$ 2,472	$ 5,361
Deferred revenue		11,602	13,345
Less: Deferred revenue and contract liabilities - current portion		(6,274)	(7,339)
Deferred revenue and contract liabilities - less current portion		5,328	6,006
Service [Member]
Disaggregation of Revenue [Line Items]
Deferred revenue	[1]	8,455	6,578
Product [Member]
Disaggregation of Revenue [Line Items]
Deferred revenue	[1]	3,147	6,767
Deferred Contract Costs [Member]
Disaggregation of Revenue [Line Items]
Deferred costs		$ 2,567	$ 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- and nine-month periods ended September 30, 2020 and 2021, the Company recognized revenue of $ 2,381 6,981 2,547 7,767

SCHEDULE OF DEFERRED REVENUE _2

SCHEDULE OF DEFERRED REVENUE (Details) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Revenue from Contract with Customer [Abstract]
Revenue recognized	$ 2,547	$ 2,381	$ 7,767	$ 6,981

SCHEDULE OF PREPAID EXPENSES AN

SCHEDULE OF PREPAID EXPENSES AND OTHER CURRENT ASSETS (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Finance receivables, current	$ 697	$ 692
Prepaid expenses	3,473	2,979
Contract assets	1,004	767
Other current assets	2,082	1,746
Prepaid expenses and other current assets	$ 7,256	$ 6,184

SCHEDULE OF INVENTORIES (Detail

SCHEDULE OF INVENTORIES (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Inventory Disclosure [Abstract]
Components	$ 9,212	$ 7,697
Work in process	417	237
Finished goods, net	6,568	4,939
Inventory, Net	$ 16,197	$ 12,873

INVENTORY (Details Narrative)

INVENTORY (Details Narrative) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Inventory Disclosure [Abstract]
Inventory Valuation Reserves	$ 649	$ 515

SCHEDULE OF FIXED ASSETS (Detai

SCHEDULE OF FIXED ASSETS (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 21,038	$ 18,510
Accumulated depreciation and amortization	(12,186)	(9,706)
Property, plant and equipment, net	8,852	8,804
Installed Products [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	5,846	4,174
Computer Software, Intangible Asset [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	6,383	5,882
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	5,515	5,273
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	1,919	1,828
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 1,375	$ 1,353

FIXED ASSETS (Details Narrative

FIXED ASSETS (Details Narrative) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Property, Plant and Equipment [Line Items]
Depreciation, Depletion and Amortization, Nonproduction	$ 865	$ 777	$ 2,498	$ 2,163
Computer Software, Intangible Asset [Member]
Property, Plant and Equipment [Line Items]
Capitalized Computer Software, Amortization	$ 106	$ 128	$ 316	$ 389

SCHEDULE OF INTANGIBLE ASSETS (

SCHEDULE OF INTANGIBLE ASSETS (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2021	Dec. 31, 2020	Jun. 30, 2021
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross Carrying Amount	$ 40,441	$ 40,441
Finite-Lived Intangible Assets, Accumulated Amortization	(13,209)	(9,330)
Finite-Lived Intangible Assets, Net, Total	27,232	31,111
Intangible asset gross carrying amount	165	165
Indefinite-lived Intangible Assets (Excluding Goodwill)	165	165
Intangible Assets, Gross (Excluding Goodwill)	40,606	40,606
Intangible assets accumulated amortization	(13,209)	(9,330)
Intangible Assets, Net (Excluding Goodwill)	27,397	31,276
Trademarks and Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross Carrying Amount	7,553	7,553
Finite-Lived Intangible Assets, Accumulated Amortization	(1,895)	(1,292)
Finite-Lived Intangible Assets, Net, Total	5,658	6,261
Intangible asset gross carrying amount	61	61
Indefinite-lived Intangible Assets (Excluding Goodwill)	61	61
Customer Lists [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible asset gross carrying amount	104	104
Indefinite-lived Intangible Assets (Excluding Goodwill)	$ 104	$ 104
Minimum [Member] | Trademarks and Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Lives (In Years)	3 years	3 years
Maximum [Member] | Trademarks and Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Lives (In Years)	15 years	15 years
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	(3,951)	(2,732)
Finite-Lived Intangible Assets, Net, Total	$ 15,313	$ 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	(1,728)	(1,661)
Finite-Lived Intangible Assets, Net, Total	$ 389	$ 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	(5,075)	(3,172)
Finite-Lived Intangible Assets, Net, Total	$ 5,836	$ 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	(388)	(331)
Finite-Lived Intangible Assets, Net, Total		$ 57
Noncompete Agreements [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	$ (172)	(142)
Finite-Lived Intangible Assets, Net, Total		$ 66	$ 36

SCHEDULE OF FINITE-LIVED INTANG

SCHEDULE OF FINITE-LIVED INTANGIBLE ASSETS, FUTURE AMORTIZATION EXPENSE (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
2021 (remaining)	$ 1,275
2022	5,080
2023	5,035
2024	2,622
2025	2,495
2026	2,413
Thereafter	8,312
Finite-Lived Intangible Assets, Net, Total	$ 27,232	$ 31,111

INTANGIBLE ASSETS AND GOODWIL_2

INTANGIBLE ASSETS AND GOODWILL (Details Narrative) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Finite-Lived Intangible Assets [Line Items]
Weighted amortization period for intangible assets			9 years 2 months 12 days
Amortization of Intangible Assets	$ 1,282	$ 1,331	$ 3,879	$ 3,996
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted amortization period for intangible assets			11 years 10 months 24 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 18 days
Favorable Contract Interest [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

SCHEDULE OF STOCK OPTIONS ACTIV

SCHEDULE OF STOCK OPTIONS ACTIVITY (Details) - Share-based Payment Arrangement, Option [Member] - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	9 Months Ended
	Sep. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, Outstanding at beginning of year	3,624
Weighted-average Exercise Price, Outstanding at beginning of year	$ 5.85
Options, Granted	120
Weighted-average Exercise Price, Granted	$ 7.77
Options, Exercised	(146)
Weighted-average Exercise Price, Exercised	$ 5.59
Options, Forfeited or expired	(101)
Weighted-average Exercise Price, Forfeited or expired	$ 6.23
Options, Outstanding at end of period	3,497
Weighted-average Exercise Price, Outstanding at end of period	$ 5.92
Weighted-Average Remaining Contractual Terms, Outstanding	7 years 6 months
Aggregate Intrinsic Value, Ending	$ 4,018
Options, Exercisable at end of period	1,290
Weighted-average Exercise Price, Exercisable at end of period	$ 5.65
Weighted-Average Remaining Contractual Terms, Exercisable	6 years 1 month 6 days
Aggregate Intrinsic Value, Exercisable	$ 1,801

SCHEDULE OF FAIR VALUE STOCK OP

SCHEDULE OF FAIR VALUE STOCK OPTION ASSUMPTIONS (Details) - $ / shares	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Share-based Payment Arrangement [Abstract]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Weighted Average Volatility Rate	50.20%	44.70%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term	7 years	6 years
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	0.69%	1.17%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate	0.00%	0.00%
Share Price	$ 3.81	$ 2.58

SCHEDULE OF NON-VESTED RESTRICT

SCHEDULE OF NON-VESTED RESTRICTED STOCK ACTIVITY (Details) shares in Thousands	9 Months Ended
	Sep. 30, 2021$ / sharesshares
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number, Beginning Balance | shares	806
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value, Beginning Balance | $ / shares	$ 5.54
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | shares	450
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ / shares	$ 7.63
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | shares	(253)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value | $ / shares	$ 5.75
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period | shares	(91)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value | $ / shares	$ 6.55
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number, Ending Balance | shares	912
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value, Ending Balance | $ / shares	$ 6.41
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number, Beginning Balance | shares	75
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value, Beginning Balance | $ / shares	$ 5.60
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | shares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ / shares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | shares	(34)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value | $ / shares	$ 5.60
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period | shares	(4)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value | $ / shares	$ 5.60
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number, Ending Balance | shares	37
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value, Ending Balance | $ / shares	$ 5.60

STOCK-BASED COMPENSATION (Detai

STOCK-BASED COMPENSATION (Details Narrative) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Share-based Payment Arrangement, Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Payment Arrangement, Expense	$ 345	$ 366	$ 1,061	$ 1,209
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value			508	1,194
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value			470	228
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	3,089		$ 3,089
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition			3 years 9 months 3 days
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Payment Arrangement, Expense	533	593	$ 1,908	1,641
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	3,609		$ 3,609
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition			2 years 7 months 6 days
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Payment Arrangement, Expense	51	$ 33	$ 152	$ 228
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 99		$ 99
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition			7 months 6 days

SCHEDULE OF NET LOSS PER SHARE

SCHEDULE OF NET LOSS PER SHARE BASIC AND DILUTED (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Sep. 30, 2021	Sep. 30, 2020
Earnings Per Share [Abstract]
Net loss attributable to common stockholders	$ (4,541)	$ (2,633)	$ (2,983)	$ (1,749)	$ (3,766)	$ (4,549)	$ (10,157)	$ (10,064)
Weighted-average common share outstanding - basic and diluted	35,019			30,143			34,398	29,528
Net loss attributable to common stockholders - basic and diluted	$ (0.13)			$ (0.06)			$ (0.30)	$ (0.34)

NET LOSS PER SHARE (Details Nar

NET LOSS PER SHARE (Details Narrative) - shares shares in Thousands	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Earnings Per Share [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	11,939	12,070

SCHEDULE OF LONG TERM DEBT (Det

SCHEDULE OF LONG TERM DEBT (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Debt Disclosure [Abstract]
Short-term bank debt	$ 360	$ 280
Current maturities of long-term debt	5,865	5,299
Long term debt - less current maturities	$ 19,025	$ 23,179

SCHEDULE OF MATURITIES OF LONG

SCHEDULE OF MATURITIES OF LONG TERM DEBT (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Debt Disclosure [Abstract]
2022	$ 5,865
2023	5,946
2024	13,079
Long term debt	24,890
Less: Current Portion	5,865	$ 5,299
Total	$ 19,025	$ 23,179

SHORT-TERM BANK DEBT AND LONG_3

SHORT-TERM BANK DEBT AND LONG-TERM DEBT (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Nov. 08, 2021	Aug. 23, 2021
Credit Agreement [Member]
Line of Credit Facility [Line Items]
Proceeds from long term debt			$ 30,000,000
Restricted deposit amount	$ 3,000,000		3,000,000
Debt Issuance Costs, Net	742,000		742,000
Amortization of Debt Issuance Costs	68,000		223,000
Interest Expense, Debt	268,000	$ 371,000	821,000	$ 1,114,000
Credit Agreement [Member] | Separate Reserve Funds [Member]
Line of Credit Facility [Line Items]
Deposits					$ 3,000
Credit Agreement [Member] | Two Loan Facilities [Member]
Line of Credit Facility [Line Items]
Debt, principal amount	30,000,000		30,000,000
Credit Agreement [Member] | Term A Facility [Member]
Line of Credit Facility [Line Items]
Debt, principal amount	20,000,000		20,000,000
Credit Agreement [Member] | Term B Facility [Member]
Line of Credit Facility [Line Items]
Debt, principal amount	10,000,000		10,000,000
Credit Agreement [Member] | Revolving Facility [Member]
Line of Credit Facility [Line Items]
Debt, principal amount	$ 10,000,000		$ 10,000,000
Debt term			five-year
Debt Instrument, Interest Rate Terms			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 agreed to pay a 1% commitment fee on the unutilized and uncancelled availability under the Revolving Facility
Amended Credit Agreement [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Interest Rate, Stated Percentage						1.00%
Amended Credit Agreement [Member] | Minimum [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Interest Rate, Stated Percentage						0.50%
Amended Credit Agreement [Member] | Term A Facility [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Interest Rate, Stated Percentage						3.65%
Amended Credit Agreement [Member] | Term B Facility [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Interest Rate, Stated Percentage						4.50%

SCHEDULE OF ACCOUNTS PAYABLE AN

SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED LIABILITIES (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Payables and Accruals [Abstract]
Accounts payable	$ 13,871	$ 9,877
Accrued warranty	906	705
Accrued compensation	5,561	5,581
Government authorities	2,874	3,047
Other current liabilities	1,443	1,015
Accounts payable and accrued expenses	$ 24,655	$ 20,225

SCHEDULE OF PRODUCT WARRANTY LI

SCHEDULE OF PRODUCT WARRANTY LIABILITY (Details) - USD ($) $ in Thousands		9 Months Ended
		Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Accrued warranty reserve, beginning of year		$ 807	$ 742
Accrual for product warranties issued		864	639
Product replacements and other warranty expenditures		(305)	(565)
Expiration of warranties		(280)	19
Accrued warranty reserve, end of period	[1]	$ 1,086	$ 835
Other Noncurrent Liabilities [Member]
Product Warranty Accrual, Noncurrent				$ 180
[1]	Includes non-current accrued warranty included in other long-term liabilities at December 31, 2020 and September 30, 2021 of $

ACCOUNTS PAYABLE AND ACCRUED _3

ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Details Narrative)	9 Months Ended
	Sep. 30, 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

SCHEDULE OF ACCUMULATED OTHER C

SCHEDULE OF ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Equity [Abstract]
Foreign currency translation adjustment, Balance at Beginning			$ 399	$ 265
Accumulated other comprehensive income, Balance at Beginning			399	265
Foreign currency translation adjustment, Net current period change			(423)	(1,942)
Accumulated other comprehensive income, Net current period change	$ (92)	$ (22)	(423)	(1,942)
Foreign currency translation adjustment, Balance at End	(24)	(1,677)	(24)	(1,677)
Accumulated other comprehensive income, Balance at End	$ (24)	$ (1,677)	$ (24)	$ (1,677)

STOCKHOLDERS_ EQUITY (Details N

STOCKHOLDERS’ EQUITY (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands	Feb. 01, 2021	Sep. 30, 2021	Sep. 30, 2020	Jun. 09, 2021	Dec. 31, 2020
Class of Stock [Line Items]
Proceeds from offering price		$ 26,907	$ 4,041
Preferred stock, shares authorized		50,000,000			50,000,000
Preferred stock, par value		$ 0.01			$ 0.01
Financial Instruments Subject to Mandatory Redemption, Settlement Terms, Description		On June 9, 2021, we entered into a preferred stock redemption right agreement (the “Redemption Right Agreement”) with the Investors, pursuant to which we had the right to redeem 10 shares of Series A Preferred Stock at a price of $1,450 per share plus all accrued and unpaid dividends, to be paid in cash. The Company did not exercise its redemption right and the Redemption Right Agreement automatically terminated on October 1, 2021.
Undesignated [Member]
Class of Stock [Line Items]
Preferred stock, shares authorized		50,000
Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, shares authorized		150,000
Preferred stock, par value		$ 0.01
Series A Preferred Stock [Member]
Class of Stock [Line Items]
Number of common stock issued		0	1,000
Preferred stock, shares authorized		100,000
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.
Preferred stock, liquidation price per share		$ 1,000
Dividends paid		$ 3,085
Preferred Stock, Amount of Preferred Dividends 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]
Class of Stock [Line Items]
Preferred Stock, Dividend Rate, Percentage		7.50%
Series A Preferred Stock [Member] | Maximum [Member]
Class of Stock [Line Items]
Preferred Stock, Dividend Rate, Percentage		17.50%
Underwritten Agreement [Member] | Canaccord Genuity L L C [Member]
Class of Stock [Line Items]
Number of common stock issued	4,428,000
Proceeds from offering price	$ 28,800
Redemption Right Agreement [Member]
Class of Stock [Line Items]
[custom:PreferredStockRedemptionShare-0]				10
Preferred Stock, Redemption Price Per Share				$ 1,450

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE LOSS (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Arising During Period, Net of Tax			$ (423)	$ (1,942)
Long-term Debt [Member]
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Arising During Period, Net of Tax	$ (261)		151
Selling, General and Administrative Expenses [Member]
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Arising During Period, Net of Tax	$ (345)	$ 296	$ (139)	$ 155

SCHEDULE OF REVENUES AND LONG L

SCHEDULE OF REVENUES AND LONG LIVED ASSETS BY GEOGRAPHICAL REGION (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Revenues from External Customers and Long-Lived Assets [Line Items]
Total Revenue	$ 29,246	$ 27,602	$ 91,785	$ 84,166
Long lived assets	8,852		8,852		$ 8,804
UNITED STATES
Revenues from External Customers and Long-Lived Assets [Line Items]
Total Revenue	10,976	10,142	36,186	34,095
Long lived assets	1,181		1,181		1,425
ISRAEL
Revenues from External Customers and Long-Lived Assets [Line Items]
Total Revenue	10,655	10,124	33,343	28,999
Long lived assets	3,455		3,455		3,282
Other [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total Revenue	7,615	$ 7,336	22,256	$ 21,072
Long lived assets	$ 4,216		$ 4,216		$ 4,097

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative)	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Income Tax Disclosure [Abstract]
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Percent	11.90%	21.60%

SCHEDULE OF COMPONENTS OF LEASE

SCHEDULE OF COMPONENTS OF LEASE EXPENSE (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Leases
Short term lease cost	$ 117	$ 92	$ 472	$ 385

SCHEDULE OF CASH FLOW INFORMATI

SCHEDULE OF CASH FLOW INFORMATION AND NON-CASH ACTIVITY OF OPERATING LEASES (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Leases
Right-of-use assets obtained in exchange for lease obligations	$ 2,341	$ 2,485

SCHEDULE OF WEIGHTED AVERAGE RE

SCHEDULE OF WEIGHTED AVERAGE REMAINING LEASE TERM AND DISCOUNT RATE (Details)	Sep. 30, 2021
Leases
Weighted-average remaining lease term (in years)	3 years 7 months 6 days
Weighted-average discount rate	4.50%

SCHEDULED MATURITIES OF OPERATI

SCHEDULED MATURITIES OF OPERATING LEASE LIABILITIES (Details) $ in Thousands	Sep. 30, 2021USD ($)
Leases
October - December 2021	$ 803
2022	2,765
2023	2,462
2024	1,848
2025	1,732
Thereafter	1,627
Total lease payments	11,237
Less: Imputed interest	(1,199)
Present value of lease liabilities	$ 10,038

LEASES (Details Narrative)

LEASES (Details Narrative)	9 Months Ended
	Sep. 30, 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

SCHEDULE OF FAIR VALUE OF FINAN

SCHEDULE OF FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) - Fair Value, Inputs, Level 2 [Member] $ in Thousands	Sep. 30, 2021USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long term debt, carrying amount	$ 24,890
Long term debt, fair value	$ 24,890

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)	Aug. 14, 2018	Jun. 30, 2021	Aug. 31, 2014
Operating Loss Carryforwards [Line Items]
Remaining claim	$ 189
Brasil Commercial Ltda [Member]
Operating Loss Carryforwards [Line Items]
Loss contingency damages sought value		$ 10,585
Short-term Bank Debt [Member]
Operating Loss Carryforwards [Line Items]
Income Tax Examination, Penalties and Interest Expense			$ 1,174,000
Brazilian ICMS Tax [Member]
Operating Loss Carryforwards [Line Items]
Income Tax Examination, Interest Expense			195,000
Income Tax Examination, Penalties Expense			$ 979,000