PowerFleet (AIOT) 10-Q 9 Nov 22 2022 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2022	Nov. 03, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2022
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2022
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	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		36,170,937

Condensed Balance Sheets

Condensed Balance Sheets - USD ($) $ in Thousands		Sep. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents		$ 16,703	$ 26,452	[1]
Restricted cash		309	308	[1]
Accounts receivable, net of allowance for doubtful accounts of $3,176 and $2,835 in 2021 and 2022, respectively		33,352	32,094	[1]
Inventory, net		23,572	18,243	[1]
Deferred costs - current		1,025	1,762	[1]
Prepaid expenses and other current assets		8,868	9,051	[1]
Total current assets		83,829	87,910	[1]
Deferred costs - less current portion			249	[1]
Fixed assets, net		8,994	8,988	[1]
Goodwill		83,487	83,487	[1]
Intangible assets, net		23,312	26,122	[1]
Right of use asset		7,999	9,787	[1]
Severance payable fund		3,614	4,359	[1]
Deferred tax asset		3,740	4,262	[1]
Other assets		5,086	4,703	[1]
Total assets		220,061	229,867	[1]
Current liabilities:
Short-term bank debt and current maturities of long-term debt		9,366	6,114	[1]
Accounts payable and accrued expenses		28,818	29,015	[1]
Deferred revenue - current		6,523	6,519	[1]
Lease liability - current		2,464	2,640	[1]
Total current liabilities		47,171	44,288	[1]
Long-term debt, less current maturities		11,914	18,110	[1]
Deferred revenue - less current portion		4,208	4,428	[1]
Lease liability - less current portion		5,793	7,368	[1]
Accrued severance payable		4,148	4,887	[1]
Deferred tax liability		5,182	5,220	[1]
Other long-term liabilities		628	706	[1]
Total liabilities		79,044	85,007	[1]
Commitments and Contingencies (note 20)	[1]
MEZZANINE EQUITY
Convertible redeemable preferred stock: Series A – 100 shares authorized, $0.01 par value; 55 and 58 shares issued and outstanding at December 31, 2021 and September 30, 2022		56,309	52,663	[1]
Preferred stock; authorized 50,000 shares, $0.01 par value;				[1]
Common stock; authorized 75,000 shares, $0.01 par value; 37,263 and 37,584 shares issued at December 31, 2021 and September 30, 2022, respectively; shares outstanding, 35,882 and 36,156 at December 31, 2021 and September 30, 2022, respectively		376	373	[1]
Additional paid-in capital		233,590	234,083	[1]
Accumulated deficit		(139,784)	(134,437)	[1]
Accumulated other comprehensive gain (loss)		(1,050)	391	[1]
Treasury stock; 1,381 and 1,429 common shares at cost at December 31, 2021 and September 30, 2022, respectively		(8,492)	(8,299)	[1]
Total Powerfleet, Inc. stockholders’ equity		84,640	92,111	[1]
Non-controlling interest		68	86	[1]
Total equity		84,708	92,197	[1]
Total liabilities and stockholders’ equity		$ 220,061	$ 229,867	[1]
[1]Derived from audited balance sheet as of December 31, 2021.

Condensed Balance Sheets (Paren

Condensed Balance Sheets (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Accounts receivable, allowance for credit loss	$ 2,835	$ 3,176
Temporary equity, shares authorized	100	100
Temporary equity, par value	$ 0.01	$ 0.01
Temporary equity, shares issued	58	55
Temporary equity, shares outstanding	58	55
Preferred stock, shares authorized	50,000	50,000
Preferred stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	75,000	75,000
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares issued	37,584	37,263
Common stock, shares outstanding	36,156	35,882
Treasury stock, shares	1,429	1,381

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenues:
Total revenues	$ 34,288	$ 29,246	$ 102,043	$ 91,785
Cost of Revenues:
Total cost of revenues	17,107	14,981	54,233	47,005
Gross profit	17,181	14,265	47,810	44,780
Operating expenses:
Selling, general and administrative expenses	16,664	13,959	47,393	40,988
Research and development expenses	1,735	2,735	6,965	8,259
Total Operating expenses	18,399	16,694	54,358	49,247
Loss from operations	(1,218)	(2,429)	(6,548)	(4,467)
Interest income	20	11	48	35
Interest expense	(331)	(777)	1,262	(1,446)
Other (expense) income, net		7	1	5
Net loss before income taxes	(1,529)	(3,188)	(5,237)	(5,873)
Income tax benefit (expense)	(770)	(161)	(107)	(701)
Net loss before non-controlling interest	(2,299)	(3,349)	(5,344)	(6,574)
Non-controlling interest	(1)	4	(3)	5
Net loss	(2,300)	(3,345)	(5,347)	(6,569)
Accretion of preferred stock	(168)	(168)	(504)	(504)
Preferred stock dividend	(1,067)	(1,028)	(3,143)	(3,084)
Net loss attributable to common stockholders	$ (3,535)	$ (4,541)	$ (8,994)	$ (10,157)
Net loss per share attributable to common stockholders - basic and diluted	$ (0.10)	$ (0.13)	$ (0.25)	$ (0.30)
Weighted average common shares outstanding - basic and diluted	35,406	35,019	35,375	34,398
Product [Member]
Revenues:
Total revenues	$ 14,021	$ 10,785	$ 43,231	$ 37,671
Cost of Revenues:
Total cost of revenues	9,839	8,172	33,152	27,186
Service [Member]
Revenues:
Total revenues	20,267	18,461	58,812	54,114
Cost of Revenues:
Total cost of revenues	$ 7,268	$ 6,809	$ 21,081	$ 19,819

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Statement [Abstract]
Net loss attributable to common stockholders	$ (3,535)	$ (4,541)	$ (8,994)	$ (10,157)
Other comprehensive (loss) income, net:
Foreign currency translation adjustment	12	(92)	(1,441)	(423)
Total other comprehensive income (loss)	12	(92)	(1,441)	(423)
Comprehensive loss	$ (3,523)	$ (4,633)	$ (10,435)	$ (10,580)

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, 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 withheld pursuant to vesting of restricted stock					(347)		(347)
Stock based compensation		1,357					1,357
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 exercise of stock options					(647)		(647)
Common shares issued, net of issuance costs	$ 44	26,822					26,866
Common shares issued, net of issuance costs, shares	4,428
Forfeiture of restricted shares
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 income (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 income (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)
Vesting of restricted stock units
Shares withheld pursuant to vesting of restricted stock					(15)		(15)
Stock based compensation		1,095					1,095
Shares issued pursuant to exercise of stock options	$ 1	71					72
Shares issued pursuant to exercise of stock options, shares	12
Forfeiture of restricted shares
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 income (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 withheld pursuant to vesting of restricted stock					(20)		(20)
Stock based compensation		928					928
Shares issued pursuant to exercise of stock options		68					68
Shares issued pursuant to exercise of stock options, shares	12
Forfeiture of restricted shares	$ (1)						(1)
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 Dec. 31, 2021	$ 373	234,083	(134,437)	391	(8,299)	86	92,197	[1]
Beginning balance, shares at Dec. 31, 2021	37,263
Net loss attributable to common stockholders		(1,195)	(2,929)				(4,124)
Net income (loss) attributable to non-controlling interest						1	1
Foreign currency translation adjustment				253		15	268
Issuance of restricted shares	$ 4	(4)
Issuance of restricted shares, shares	398
Forfeiture of restricted shares	$ (1)	1
Forfeiture of restricted shares, shares	(121)
Vesting of restricted stock units
Vesting of restricted stock units, shares	30
Shares withheld pursuant to vesting of restricted stock					(181)		(181)
Stock based compensation		457					457
Forfeiture of restricted shares	1	(1)
Ending balance, value at Mar. 31, 2022	$ 376	233,342	(137,366)	644	(8,480)	102	88,618
Ending balance, shares at Mar. 31, 2022	37,570
Beginning balance, value at Dec. 31, 2021	$ 373	234,083	(134,437)	391	(8,299)	86	92,197	[1]
Beginning balance, shares at Dec. 31, 2021	37,263
Net loss attributable to common stockholders							(8,994)
Net income (loss) attributable to non-controlling interest							3
Ending balance, value at Sep. 30, 2022	$ 376	233,590	(139,784)	(1,050)	(8,492)	68	84,708
Ending balance, shares at Sep. 30, 2022	37,584
Beginning balance, value at Mar. 31, 2022	$ 376	233,342	(137,366)	644	(8,480)	102	88,618
Beginning balance, shares at Mar. 31, 2022	37,570
Net loss attributable to common stockholders		(1,216)	(118)				(1,334)
Net income (loss) attributable to non-controlling interest						1	1
Foreign currency translation adjustment				(1,706)		(18)	(1,724)
Forfeiture of restricted shares	$ (1)	1
Forfeiture of restricted shares, shares	(24)
Shares withheld pursuant to vesting of restricted stock					(5)		(5)
Stock based compensation		1,629					1,629
Forfeiture of restricted shares	1	(1)
Ending balance, value at Jun. 30, 2022	$ 375	233,756	(137,484)	(1,062)	(8,485)	85	87,185
Ending balance, shares at Jun. 30, 2022	37,546
Net loss attributable to common stockholders		(1,235)	(2,300)				(3,535)
Net income (loss) attributable to non-controlling interest						1	1
Foreign currency translation adjustment				12		(18)	(6)
Issuance of restricted shares	$ 1	(1)
Issuance of restricted shares, shares	78
Forfeiture of restricted shares
Forfeiture of restricted shares, shares	(40)
Shares withheld pursuant to vesting of restricted stock					(7)		(7)
Stock based compensation		1,070					1,070
Forfeiture of restricted shares
Ending balance, value at Sep. 30, 2022	$ 376	$ 233,590	$ (139,784)	$ (1,050)	$ (8,492)	$ 68	$ 84,708
Ending balance, shares at Sep. 30, 2022	37,584
[1]Derived from audited balance sheet as of December 31, 2021.

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022		Sep. 30, 2021
Cash flows from operating activities
Net loss	$ (5,347)		$ (6,569)
Adjustments to reconcile net loss to cash (used in) provided by operating activities:
Non-controlling interest	3		(5)
Inventory reserve	177		122
Stock based compensation expense	3,156		3,380
Depreciation and amortization	6,152		6,377
Right-of-use assets, non-cash lease expense	2,071		1,839
Bad debt expense	102		824
Deferred income taxes	107		701
Other non-cash items	660		229
Changes in:
Accounts receivable	(3,025)		(7,469)
Inventory	(5,544)		(3,689)
Prepaid expenses and other assets	(761)		(871)
Deferred costs	986		2,888
Deferred revenue	(197)		(1,365)
Accounts payable and accrued expenses	1,717		4,130
Lease liabilities	(2,034)		(1,757)
Accrued severance payable, net	63		(12)
Net cash provided by (used in) operating activities	(1,714)		(1,247)
Cash flows from investing activities:
Capital expenditures	(4,001)		(2,534)
Net cash (used in) investing activities	(4,001)		(2,534)
Cash flows from financing activities:
Net proceeds from stock offering			26,907
Payment of preferred stock dividends			(3,084)
Repayment of long-term debt	(4,279)		(4,040)
Short-term bank debt, net	3,949		94
Proceeds from exercise of stock options, net			170
Purchase of treasury stock upon vesting of restricted stock	(193)		(383)
Net cash provided by (used in) financing activities	(523)		19,664
Effect of foreign exchange rate changes on cash and cash equivalents	(3,510)		(189)
Net increase (decrease) in cash, cash equivalents and restricted cash	(9,748)		15,694
Cash, cash equivalents, and restricted cash, beginning of period	26,760		18,435
Cash, cash equivalents, and restricted cash, end of period	17,012		34,129
Reconciliation of cash, cash equivalents, and restricted cash, beginning of period
Cash and cash equivalents	26,452	[1]	18,127
Restricted cash	308	[1]	308
Reconciliation of cash, cash equivalents, and restricted cash, end of period
Cash and cash equivalents	16,703		33,821
Restricted cash	309		308
Cash paid for:
Taxes	52		50
Interest	945		1,129
Noncash investing and financing activities:
Value of shares withheld pursuant to exercise of stock options			$ 647
[1]Derived from audited balance sheet as of December 31, 2021.

DESCRIPTION OF THE COMPANY AND

DESCRIPTION OF THE COMPANY AND BASIS OF PRESENTATION	9 Months Ended
	Sep. 30, 2022
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 The Company is a global leader of Internet-of-Things (“IoT”) solutions providing valuable business intelligence for managing high-value enterprise assets that improve operational efficiencies. I.D. Systems, Inc. (“I.D. Systems”) was incorporated in the State of Delaware in 1993. Powerfleet, Inc. was incorporated in the State of Delaware in February 2019 for the purpose of effectuating the transactions (the “Transactions”) pursuant to which the Company acquired Pointer Telocation Ltd. (“Pointer”) and commenced operations on October 3, 2019. Upon the closing of the Transactions, Powerfleet became the parent entity of I.D. Systems and Pointer. Impact of COVID-19 and Supply Chain Disruptions The ongoing COVID-19 pandemic, 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 of the pandemic on our business and financial results will depend largely on the future developments that cannot be accurately predicted at this time, including the duration of the spread of the outbreak and COVID-19 variants, the extent and effectiveness of containment actions and vaccination campaigns, 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- and nine-month periods ended September 30, 2022, 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, 2022, the consolidated results of its operations for the three- and nine-month periods ended September 30, 2021 and 2022, the consolidated change in stockholders’ equity for the three-month periods ended March 31, June 30, and September 30, 2021 and 2022, and the consolidated cash flows for the nine-month periods ended September 30, 2021 and 2022. The results of operations for the three- and nine-month periods ended September 30, 2022 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, 2021 included in the Company’s Annual Report on Form 10-K for the year then ended. Liquidity As of September 30, 2022, the Company had cash (including restricted cash) and cash equivalents of $ 17,012 36,658 In addition, the Company’s subsidiaries, Powerfleet Israel Ltd. (“Powerfleet Israel”) and Pointer, are party to a Credit Agreement (the “Credit Agreement”) with Bank Hapoalim B.M. (“Hapoalim”), pursuant to which Hapoalim provided Powerfleet Israel with two senior secured term loan facilities in an aggregate principal amount of $ 30,000 20,000 10,000 five-year revolving credit facility to Pointer in an aggregate principal amount of $ 10,000 3,949 In June 2012, Pointer entered into a one-year $ 1,000 On October 31, 2022, the Borrowers entered into a third amendment to the Credit Agreement (the “Third Amendment”) with Hapoalim. The Third Amendment provides for, among other things, a new revolving credit facility to Pointer in the aggregate principal amount of $ 10 The New Revolver will initially bear interest at the Secured Overnight Financing Rate plus 2.59%. Such interest is subject to monthly changes by Hapoalim, provided that Hapoalim gives Pointer advance notice regarding such change prior to the end of the applicable calendar month The New Revolver will be secured by a first ranking fixed pledge and assignment by Pointer over its new bank account, which was opened in connection with the New Revolver, and all of the rights relating thereunder as well as a cross guarantee by Powerfleet Israel. Pointer is required to pay a credit allocation fee equal to 0.5 The Company has on file a shelf registration statement on Form S-3 that was declared effective by the Securities and Exchange Commission (the “SEC”) on November 27, 2019. Pursuant to the shelf registration statement, the Company may offer to the public from time to time, in one or more offerings, up to $60,000 of its common stock, preferred stock, warrants, debt securities, and units, or any combination of the foregoing, at prices and on terms to be determined at the time of any such offering. The specific terms of any future offering will be determined at the time of the offering and described in a prospectus supplement that will be filed with the SEC in connection with such offering. On February 1, 2021, the Company closed an underwritten public offering (the “Underwritten Public Offering”) of 4,428 28,800 Because of the COVID-19 pandemic, there continues to be significant uncertainty surrounding the potential impact on our results of operations and cash flows. During 2021 and 2022, 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 9, 2023.

USE OF ESTIMATES

USE OF ESTIMATES	9 Months Ended
	Sep. 30, 2022
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 capitalized software, realization of deferred tax assets, the impairment of intangible assets including goodwill, and market-based stock compensation costs. Actual results could differ from those estimates. As of September 30, 2022, the impact of COVID-19 continues to unfold. In addition, the Company has experienced increased economic uncertainty due to rising interest rates, higher inflation and supply chain disruptions. 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, 2022
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, 2021 and September 30, 2022 consists of cash held in escrow for purchases from a vendor.

REVENUE RECOGNITION

REVENUE RECOGNITION	9 Months Ended
	Sep. 30, 2022
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 also derives revenue from leasing arrangements. Such arrangements provide for monthly payments covering product or system sale, maintenance, support and interest. These arrangements meet the criteria to be accounted for as sales-type leases. Accordingly, an asset is established for the “sales-type lease receivable” at the present value of the expected lease payments and revenue is deferred and recognized over the service contract, as described above. Maintenance revenues and interest income are recognized monthly over the lease term. The Company’s contracts with customers may include multiple performance obligations. For such arrangements, the Company allocates revenue to each performance obligation based on its relative standalone selling price. The Company generally determines standalone selling prices based on observable prices charged to customers or adjusted market assessment or using expected cost-plus margin when one is available. Adjusted market assessment price is determined based on overall pricing objectives taking into consideration market conditions and entity specific factors. The Company recognizes an asset for the incremental costs of obtaining the contract arising from the sales commissions to employees because the Company expects to recover those costs through future fees from the customers. The Company amortizes the asset over one to five years because the asset relates to the services transferred to the customer during the contract term of one to five years. The Company does not disclose the value of unsatisfied performance obligations for (i) contracts with an original expected length of one year or less and (ii) contracts for which the Company recognizes revenue at the amount to which the Company has the right to invoice for services performed. The following table presents the Company’s revenues disaggregated by revenue source for the three- and nine-months ended September 30, 2021 and 2022: SCHEDULE OF REVENUE DISAGGREGATED BY REVENUE SOURCE Three Months Ended September 30, Nine Months Ended September 30, 2021 2022 2021 2022 Products $ 10,785 $ 14,021 $ 37,671 $ 43,231 Services 18,461 20,267 54,114 58,812 $ 29,246 $ 34,288 $ 91,785 $ 102,043 The balances of contract assets, and contract liabilities from contracts with customers are as follows as of December 31, 2021 and September 30, 2022: SCHEDULE OF DEFERRED REVENUE December 31, 2021 September 30, 2022 (unaudited) Assets: Deferred contract costs $ 3,045 $ 2,797 Deferred costs $ 2,011 $ 1,025 Liabilities: Deferred revenue- services (1) $ 8,401 $ 9,463 Deferred revenue - products (1) 2,546 1,268 Deferred revenue 10,947 10,731 Less: Deferred revenue and contract liabilities - current portion (6,519 ) (6,523 ) Deferred revenue and contract liabilities - less current portion $ 4,428 $ 4,208 (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, 2021 and 2022, the Company recognized revenue of $ 2,547 7,767 3,174 8,040

PREPAID EXPENSES AND OTHER ASSE

PREPAID EXPENSES AND OTHER ASSETS	9 Months Ended
	Sep. 30, 2022
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, 2021 September 30, 2022 (Unaudited) Finance receivables, current $ 786 $ 1,117 Prepaid expenses 4,580 5,227 Contract assets 1,124 1,146 Other current assets 2,561 1,378 Prepaid expenses and other current assets $ 9,051 $ 8,868

INVENTORY

INVENTORY	9 Months Ended
	Sep. 30, 2022
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 $ 260 406 Inventories consist of the following: SCHEDULE OF INVENTORIES December 31, 2021 September 30, 2022 (Unaudited) Components $ 11,137 $ 13,386 Work in process 699 586 Finished goods, net 6,407 9,600 Inventory, net $ 18,243 $ 23,572

FIXED ASSETS

FIXED ASSETS	9 Months Ended
	Sep. 30, 2022
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, 2021 September 30, 2022 (Unaudited) Installed products $ 6,190 $ 7,702 Computer software 6,732 7,036 Computer and electronic equipment 5,688 5,507 Furniture and fixtures 2,246 1,932 Leasehold improvements 1,445 1,373 Property, plant and equipment, gross 22,301 23,550 Accumulated depreciation and amortization (13,313 ) (14,556 ) Property, plant and equipment, net $ 8,988 $ 8,994 Depreciation and amortization expense of fixed assets for the three- and nine-month periods ended September 30, 2021 was $ 865 2,498 752 2,336 106 316 11 145

INTANGIBLE ASSETS AND GOODWILL

INTANGIBLE ASSETS AND GOODWILL	9 Months Ended
	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSETS AND GOODWILL	NOTE 8 - INTANGIBLE ASSETS AND GOODWILL Costs incurred internally in researching and developing software products are charged to expense until technological feasibility has been established for the product. Once technological feasibility is established, software costs are capitalized until the product is available for general release to customers. Judgment is required in determining when technological feasibility of a product is established. The amortization of these costs will be included in cost of revenue over the estimated life of the products. The following table summarizes identifiable intangible assets of the Company as of December 31, 2021 and September 30, 2022: SCHEDULE OF INTANGIBLE ASSETS September 30, 2022 Useful Lives Gross Accumulated Amortization Net Carrying Amount Amortized: Customer relationships 9 12 $ 19,264 $ (5,576 ) $ 13,688 Trademark and tradename 3 15 7,553 (2,698 ) 4,855 Patents 7 11 628 (329 ) 299 Technology 7 10,911 (7,612 ) 3,299 Software to be sold or leased 3 6 1,006 - 1,006 Favorable contract interest 4 388 (388 ) - Covenant not to compete 5 208 (208 ) - 39,958 (16,811 ) 23,147 Unamortized: Customer List 104 - 104 Trademark and tradename 61 - 61 165 - 165 Total $ 40,123 $ (16,811 ) $ 23,312 December 31, 2021 Useful Lives Gross Accumulated Amortization Net Carrying Amount Amortized: Customer relationships 9 12 $ 19,264 $ (4,356 ) $ 14,908 Trademark and tradename 3 15 7,553 (2,096 ) 5,457 Patents 7 11 628 (262 ) 366 Technology 7 10,911 (5,709 ) 5,202 Favorable contract interest 4 388 (388 ) - Covenant not to compete 5 208 (184 ) 24 38,952 (12,995 ) 25,957 Unamortized: Customer List 104 - 104 Trademark and tradename 61 - 61 165 - 165 Total $ 39,117 $ (12,995 ) $ 26,122 At September 30, 2022, the weighted-average amortization period for the intangible assets was 8.9 11.9 9.6 7.0 4.3 0.0 5.0 Amortization expense for the three- and nine-month periods ended September 30, 2021 was $ 1,282 3,879 1,267 3,816 SCHEDULE OF FINITE-LIVED INTANGIBLE ASSETS AMORTIZATION EXPENSE Year ending December 31: 2022 (remaining) $ 1,264 2023 5,035 2024 2,622 2025 2,495 2026 2,413 2027 2,233 Thereafter 7,085 Finite-Lived intangible assets $ 23,147 The Company tests for goodwill impairment at the reporting unit level on October 1 of each year and between annual tests if a triggering event indicates the possibility of an impairment. The Company monitors changing business conditions as well as industry and economic factors, among others, for events which could trigger the need for an interim impairment analysis. The Company concluded that a sustained decline in its stock price coupled with continuing losses, represented a triggering event for impairment during the third quarter. Accordingly, the Company performed an interim quantitative impairment analysis at September 30, 2022 using a market-based quantitative assessment utilizing a combination of the (i) the guideline public company method(“GPC”) applying revenue and adjusted EBITDA multiples of similar companies and, (ii) the discounted cash flow method (‘DCF”). The fair value determination used in the impairment assessment requires estimates of the fair values based present value or other valuation techniques or a combination thereof, necessitating subjective judgments and assumptions by management. These estimates and assumptions could result in significant differences to the amounts reported if underlying circumstances were to change. The Company concluded that no impairment relating to goodwill existed at September 30, 2022. There have been no changes in the carrying amount of goodwill from January 1, 2022 to September 30, 2022.

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	9 Months Ended
	Sep. 30, 2022
Share-Based Payment Arrangement [Abstract]
STOCK-BASED COMPENSATION	NOTE 9 - STOCK-BASED COMPENSATION Stock Option Plans During the first fiscal quarter of 2022, the Company granted options to purchase 5,065,000 2.85 21.00 10.50 21.00 1.7 51.7 10 years 1.27 [A] Stock options: The following table summarizes the activity relating to the Company’s market-based stock options that were granted to certain executives for the nine-month period ended September 30, 2022: SCHEDULE OF STOCK OPTIONS ACTIVITY Options Weighted- Weighted- Aggregate Outstanding at beginning of year - $ - Granted 5,065 14.14 Exercised - - Forfeited or expired - - Outstanding at end of period 5,065 $ 14.14 9.3 $ - Exercisable at end of period - $ - - $ - The following table summarizes the activity relating to the Company’s stock options, excluding the market-based stock options that were granted to certain executives, for the nine-month period ended September 30, 2022: Options Weighted- Weighted- Aggregate Outstanding at beginning of year 3,470 $ 5.91 Granted 895 4.08 Exercised - - Forfeited or expired (1,578 ) 5.95 Outstanding at end of period 2,787 $ 5.30 7.3 $ 2 Exercisable at end of period 1,124 $ 5.80 5.8 $ 2 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 2021 2022 September 30, 2021 2022 Expected volatility 50.2 % 49.4 % Expected life of options (in years) 7 7 Risk free interest rate 0.69 % 1.73 % Dividend yield 0 % 0 % Weighted-average fair value of options granted during year $ 3.81 $ 2.04 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 $ 345 1,061 809 2,110 The fair value of options vested during the nine-month periods ended September 30, 2021 and 2022 was $ 508 409 470 0 As of September 30, 2022, there was approximately $ 6,558 3.20 As of September 30, 2022, there was approximately $ 2,266 3.10 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, 2022 is as follows: SCHEDULE OF NON-VESTED RESTRICTED STOCK ACTIVITY Number of Non- Weighted- Restricted stock, non-vested, beginning of year 629 $ 7.06 Granted 476 3.74 Vested (183 ) 7.26 Forfeited (185 ) 7.08 Restricted stock, non-vested, end of period 737 $ 4.86 The Company recorded stock-based compensation expense of $ 533 1,908 254 997 2,557 2.58 [C] Restricted Stock Units: The Company also has granted restricted stock units (RSUs) to employees. The following table summarizes the activity relating to the Company’s restricted stock units for the three-month period ended September 30, 2022: SCHEDULE OF NON-VESTED RESTRICTED STOCK ACTIVITY Number of Weighted- Restricted stock units, non-vested, beginning of year 36 $ 5.60 Granted - - Vested (31 ) 5.60 Forfeited - - Restricted stock units, non-vested, end of period 5 $ 5.60 The Company recorded stock-based compensation expense of $ 51 and $ 152 for the three- and nine-month periods ended September 30, 2021, respectively, and $ 7 and $ 49 for the three- and nine-month periods ended September 30, 2022, respectively, in connection with the RSUs. As of September 30, 2022, there was $ 3 total unrecognized compensation cost related to non-vested RSUs. That cost is expected to be recognized over a weighted-average period of 0.13 years.

NET LOSS PER SHARE

NET LOSS PER SHARE	9 Months Ended
	Sep. 30, 2022
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, 2021 and 2022 are as follows: SCHEDULE OF NET LOSS PER SHARE BASIC AND DILUTED 2021 2022 2021 2022 Three Months Ended September 30, Nine Months Ended September 30, 2021 2022 2021 2022 Basic and diluted loss per share Net loss attributable to common stockholders $ (4,541 ) $ (3,535 ) $ (10,157 ) $ (8,994 ) Weighted-average common share outstanding - basic and diluted 35,019 35,406 34,398 35,375 Net loss attributable to common stockholders - basic and diluted $ (0.13 ) $ (0.10 ) $ (0.30 ) $ (0.25 ) 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, 2021 and 2022, 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 11,939 16,517

SHORT-TERM BANK DEBT AND LONG-T

SHORT-TERM BANK DEBT AND LONG-TERM DEBT	9 Months Ended
	Sep. 30, 2022
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, 2021 September 30, 2022 (Unaudited) Current maturities of long-term debt $ 6,114 $ 9,366 Long term debt - less current maturities $ 18,110 $ 11,914 Long-term debt In connection with the Transactions, Powerfleet Israel incurred $ 30,000 30,000 20,000 10,000 five-year 10,000 3,949 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 original Credit Agreement was approximately 4.73 5.89 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 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 4.5 1 0.5 3,000 In connection with the Credit Facilities, the Company incurred debt issuance costs of $ 742 68 223 49 168 268 821 196 642 In June 2012, Pointer entered into a one-year $ 1,000 On October 31, 2022, the Borrowers entered into a third amendment to the Credit Agreement (the “Third Amendment”) with Hapoalim. The Third Amendment provides for, among other things, a new revolving credit facility to Pointer in the aggregate principal amount of $ 10 The New Revolver will initially bear interest at the Secured Overnight Financing Rate plus 2.59%. Such interest is subject to monthly changes by Hapoalim, provided that Hapoalim gives Pointer advance notice regarding such change prior to the end of the applicable calendar month. The New Revolver will be secured by a first ranking fixed pledge and assignment by Pointer over its new bank account, which was opened in connection with the New Revolver, and all of the rights relating thereunder as well as a cross guarantee by PowerFleet Israel. Pointer is required to pay a credit allocation fee equal to 0.5 Scheduled maturities of the long-term debt as of September 30, 2022 are as follows: SCHEDULE OF MATURITIES OF LONG TERM DEBT Year ending December 31: October - December 2022 $ 5,392 2023 4,563 2024 11,325 Long term debt 21,280 Less: Current Portion 9,366 Total $ 11,914 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, 2022
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, 2021 September 30, 2022 (Unaudited) Accounts payable $ 17,748 $ 18,422 Accrued warranty 1,146 1,708 Accrued compensation 6,644 6,132 Government authorities 2,080 1,963 Other current liabilities 1,397 593 Accounts payable and accrued expenses $ 29,015 $ 28,818 The Company’s products are warranted against defects in materials and workmanship for a period of one to three years from the date of acceptance of the product by the customer The following table summarizes warranty activity for the nine-month periods ended September 30, 2021 and 2022: SCHEDULE OF PRODUCT WARRANTY LIABILITY 2021 2022 Nine Months Ended September 30, 2021 2022 Accrued warranty reserve, beginning of year $ 742 $ 1,333 Accrual for product warranties issued 639 998 Product replacements and other warranty expenditures (565 ) (373 ) Expiration of warranties 19 (83 ) Accrued warranty reserve, end of period ( a ) $ 835 $ 1,875 (a) Includes non-current accrued warranty included in other long-term liabilities at December 31, 2021 and September 30, 2022 of $ 187 167

STOCKHOLDERS_ EQUITY

STOCKHOLDERS’ EQUITY	9 Months Ended
	Sep. 30, 2022
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 50 Series A Preferred Stock In connection with the completion of the Transactions, on October 3, 2019, the Company issued 50 0 3 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 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 shares of Series A Preferred Stock for an amount per share equal to the Redemption Price.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE LOSS	9 Months Ended
	Sep. 30, 2022
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, 2022 are as follows: SCHEDULE OF ACCUMULATED OTHER COMPREHENSIVE LOSS Foreign currency Accumulated other Balance at January 1, 2022 $ 391 $ 391 Net current period change (1,441 ) (1,441 ) Balance at September 30, 2022 $ (1,050 ) $ (1,050 ) The accumulated balances for each classification of other comprehensive loss for the nine-month period ended September 30, 2021 are as follows: Foreign currency Accumulated other Balance at January 1, 2021 $ 399 $ 399 Net current period change (423 ) (423 ) Balance at September 30, 2021 $ (24 ) $ (24 ) The Company’s reporting currency is the U.S. dollar (USD). For businesses where the majority of the revenues are generated in USD or linked to the USD and a substantial portion of the costs are incurred in USD, the Company’s management believes that the USD is the primary currency of the economic environment and thus their functional currency. Due to the fact that Argentina has been determined to be highly inflationary, the financial statements of our subsidiary in Argentina have been remeasured as if its functional currency was the USD. The Company also has foreign operations where the functional currency is the local currency. For these operations, assets and liabilities are translated using the end-of-period exchange rates and revenues, expenses and cash flows are translated using average rates of exchange for the period. Equity is translated at the rate of exchange at the date of the equity transaction. Translation adjustments are recognized in stockholders’ equity as a component of accumulated other comprehensive income (loss). Net translation gains/(losses) from the translation of foreign currency financial statements of $( 423 1,441 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, 2021 of $( 345 139 922 1,844 261 151 191 2,803

SEGMENT INFORMATION

SEGMENT INFORMATION	9 Months Ended
	Sep. 30, 2022
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 2021 2022 2021 2022 Three Months Ended September 30, Nine Months Ended September 30, 2021 2022 2021 2022 United States $ 10,976 $ 14,548 $ 36,186 $ 42,670 Israel 10,655 10,925 33,343 34,007 Other 7,615 8,815 22,256 25,366 Total revenues $ 29,246 $ 34,288 $ 91,785 $ 102,043 December 31, 2021 September 30, 2022 (Unaudited) Long lived assets by geographic region: United States $ 1,123 $ 1,048 Israel 3,675 3,450 Other 4,190 4,496 Long lived assets $ 8,988 $ 8,994

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2022
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. SCHEDULE OF INCOME BEFORE INCOME TAX DOMESTIC AND FOREIGN 2021 2022 2021 2022 Three Months Ended September 30, Nine Months Ended September 30, 2021 2022 2021 2022 Domestic pre-tax book income/(loss) $ (3,481 ) $ (3,739 ) $ (7,854 ) $ (12,083 ) Foreign pre-tax book income/(loss) 293 2,210 1,981 6,846 Total income before income (loss) taxes (3,188 ) (1,529 ) (5,873 ) (5,237 ) Income tax benefit (expense) (161 ) (770 ) (701 ) (107 ) Total income (loss) after taxes (3,349 ) (2,299 ) (6,574 ) (5,344 ) Effective tax rate $ (5.03 )% $ (50.35 )% $ (11.9 )% $ (2.04 )% For the three- and nine-month periods ended September 30, 2021 and September 30, 2022, the effective tax rate differed from the statutory tax rates primarily due to the mix of domestic and foreign earnings amongst taxable jurisdictions, recorded valuation allowances to fully reserve against deferred tax assets in non-Israel foreign jurisdictions and certain discrete items. On August 16, 2022, the President of the United States signed into law H.R. 5376, commonly referred to as the Inflation Reduction Act of 2022 (the “IRA”). The tax measures include, among other items, a corporate alternative minimum tax of 15 1 On August 9, 2022, the President of the United States signed into law H.R. 4346, “The CHIPS and Science Act of 2022.” Tax measures include a 25% advanced investment tax credit (ITC) for certain investments in semiconductor manufacturing. The passage of the CHIPS and Science Act did not have a material impact to the Company nor its calculated AETR as of September 30, 2022. 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 as of September 30, 2022.

LEASES

LEASES	9 Months Ended
	Sep. 30, 2022
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 options to extend the lease term for up to five years The Company has lease arrangements which are classified as short-term in nature. These leases meet the criteria for operating lease classification. Lease costs associated with the short-term leases are included in selling, general and administrative expenses on the Company’s condensed consolidated statements of operations during the three- and nine-months ended September 30, 2021 and 2022. Components of lease expense are as follows: SCHEDULE OF COMPONENTS OF LEASE EXPENSE Three Months Ended September 30, Nine Months Ended September 30, 2021 2022 2021 2022 Short term lease cost: $ 117 $ 102 $ 472 $ 346 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 2021 2022 Nine Months Ended September 30, 2021 2022 Non-cash activity: Right-of-use assets obtained in exchange for lease obligations $ 2,341 $ 1,042 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, 2022 Weighted-average remaining lease term (in years) 3.3 Weighted-average discount rate 4.4 % Scheduled maturities of operating lease liabilities outstanding as of September 30, 2022 are as follows: SCHEDULED MATURITIES OF OPERATING LEASE LIABILITIES Year ending December 31: October - December 2022 $ 769 2023 2,616 2024 1,939 2025 1,760 2026 802 Thereafter 1,202 Total lease payments 9,088 Less: Imputed interest (831 ) Present value of lease liabilities $ 8,257

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	9 Months Ended
	Sep. 30, 2022
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, 2022 Carrying Amount Fair Value Long term debt $ 21,280 $ 21,280

CONCENTRATION OF CUSTOMERS

CONCENTRATION OF CUSTOMERS	9 Months Ended
	Sep. 30, 2022
Risks and Uncertainties [Abstract]
CONCENTRATION OF CUSTOMERS	NOTE 19 - CONCENTRATION OF CUSTOMERS For the nine-month periods ended September 30, 2021 and 2022, 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, 2022
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 $ 217 978 1,195 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 $ 11,193 as of September 30, 2022. On August 14, 2018, the lower chamber of the State Tax Administrative Court in São Paulo rendered a decision that was favorable to Pointer Brazil in relation to the ICMS demands, but adverse in regards to the clerical obligation of keeping in good order a set of ICMS books and related tax receipts. The state has the opportunity to appeal to the higher chamber of the State Tax Administrative Court. The Company’s legal counsel is of the opinion that the chance of loss is not probable and that no material costs will arise in respect to these claims. For this reason, the Company has not made any provision.

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	9 Months Ended
	Sep. 30, 2022
Accounting Changes and Error Corrections [Abstract]
RECENT ACCOUNTING PRONOUNCEMENTS	NOTE 21 - RECENT ACCOUNTING PRONOUNCEMENTS 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, 2022. The Company is currently evaluating the impact of this ASU on the consolidated financial statements.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2022
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 22 – SUBSEQUENT EVENTS On October 31, 2022, the Borrowers entered into a third amendment to the Credit Agreement (the “Third Amendment”) with Hapoalim. The Third Amendment provides for, among other things, a new revolving credit facility to Pointer in the aggregate principal amount of $ 10 The New Revolver will initially bear interest at the Secured Overnight Financing Rate plus 2.59%. Such interest is subject to monthly changes by Hapoalim, provided that Hapoalim gives Pointer advance notice regarding such change prior to the end of the applicable calendar month. The New Revolver will be secured by a first ranking fixed pledge and assignment by Pointer over its new bank account, which was opened in connection with the New Revolver, and all of the rights relating thereunder as well as a cross guarantee by Powerfleet Israel. Pointer is required to pay a credit allocation fee equal to 0.5

REVENUE RECOGNITION (Tables)

REVENUE RECOGNITION (Tables)	9 Months Ended
	Sep. 30, 2022
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, 2021 and 2022: SCHEDULE OF REVENUE DISAGGREGATED BY REVENUE SOURCE Three Months Ended September 30, Nine Months Ended September 30, 2021 2022 2021 2022 Products $ 10,785 $ 14,021 $ 37,671 $ 43,231 Services 18,461 20,267 54,114 58,812 $ 29,246 $ 34,288 $ 91,785 $ 102,043
SCHEDULE OF DEFERRED REVENUE	The balances of contract assets, and contract liabilities from contracts with customers are as follows as of December 31, 2021 and September 30, 2022: SCHEDULE OF DEFERRED REVENUE December 31, 2021 September 30, 2022 (unaudited) Assets: Deferred contract costs $ 3,045 $ 2,797 Deferred costs $ 2,011 $ 1,025 Liabilities: Deferred revenue- services (1) $ 8,401 $ 9,463 Deferred revenue - products (1) 2,546 1,268 Deferred revenue 10,947 10,731 Less: Deferred revenue and contract liabilities - current portion (6,519 ) (6,523 ) Deferred revenue and contract liabilities - less current portion $ 4,428 $ 4,208 (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, 2021 and 2022, the Company recognized revenue of $ 2,547 7,767 3,174 8,040

PREPAID EXPENSES AND OTHER AS_2

PREPAID EXPENSES AND OTHER ASSETS (Tables)	9 Months Ended
	Sep. 30, 2022
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, 2021 September 30, 2022 (Unaudited) Finance receivables, current $ 786 $ 1,117 Prepaid expenses 4,580 5,227 Contract assets 1,124 1,146 Other current assets 2,561 1,378 Prepaid expenses and other current assets $ 9,051 $ 8,868

INVENTORY (Tables)

INVENTORY (Tables)	9 Months Ended
	Sep. 30, 2022
Inventory Disclosure [Abstract]
SCHEDULE OF INVENTORIES	Inventories consist of the following: SCHEDULE OF INVENTORIES December 31, 2021 September 30, 2022 (Unaudited) Components $ 11,137 $ 13,386 Work in process 699 586 Finished goods, net 6,407 9,600 Inventory, net $ 18,243 $ 23,572

FIXED ASSETS (Tables)

FIXED ASSETS (Tables)	9 Months Ended
	Sep. 30, 2022
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, 2021 September 30, 2022 (Unaudited) Installed products $ 6,190 $ 7,702 Computer software 6,732 7,036 Computer and electronic equipment 5,688 5,507 Furniture and fixtures 2,246 1,932 Leasehold improvements 1,445 1,373 Property, plant and equipment, gross 22,301 23,550 Accumulated depreciation and amortization (13,313 ) (14,556 ) Property, plant and equipment, net $ 8,988 $ 8,994 Depreciation and amortization expense of fixed assets for the three- and nine-month periods ended September 30, 2021 was $ 865 2,498 752 2,336 106 316 11 145

INTANGIBLE ASSETS AND GOODWILL

INTANGIBLE ASSETS AND GOODWILL (Tables)	9 Months Ended
	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
SCHEDULE OF INTANGIBLE ASSETS	The following table summarizes identifiable intangible assets of the Company as of December 31, 2021 and September 30, 2022: SCHEDULE OF INTANGIBLE ASSETS September 30, 2022 Useful Lives Gross Accumulated Amortization Net Carrying Amount Amortized: Customer relationships 9 12 $ 19,264 $ (5,576 ) $ 13,688 Trademark and tradename 3 15 7,553 (2,698 ) 4,855 Patents 7 11 628 (329 ) 299 Technology 7 10,911 (7,612 ) 3,299 Software to be sold or leased 3 6 1,006 - 1,006 Favorable contract interest 4 388 (388 ) - Covenant not to compete 5 208 (208 ) - 39,958 (16,811 ) 23,147 Unamortized: Customer List 104 - 104 Trademark and tradename 61 - 61 165 - 165 Total $ 40,123 $ (16,811 ) $ 23,312 December 31, 2021 Useful Lives Gross Accumulated Amortization Net Carrying Amount Amortized: Customer relationships 9 12 $ 19,264 $ (4,356 ) $ 14,908 Trademark and tradename 3 15 7,553 (2,096 ) 5,457 Patents 7 11 628 (262 ) 366 Technology 7 10,911 (5,709 ) 5,202 Favorable contract interest 4 388 (388 ) - Covenant not to compete 5 208 (184 ) 24 38,952 (12,995 ) 25,957 Unamortized: Customer List 104 - 104 Trademark and tradename 61 - 61 165 - 165 Total $ 39,117 $ (12,995 ) $ 26,122
SCHEDULE OF FINITE-LIVED INTANGIBLE ASSETS AMORTIZATION EXPENSE	SCHEDULE OF FINITE-LIVED INTANGIBLE ASSETS AMORTIZATION EXPENSE Year ending December 31: 2022 (remaining) $ 1,264 2023 5,035 2024 2,622 2025 2,495 2026 2,413 2027 2,233 Thereafter 7,085 Finite-Lived intangible assets $ 23,147

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	9 Months Ended
	Sep. 30, 2022
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 market-based stock options that were granted to certain executives for the nine-month period ended September 30, 2022: SCHEDULE OF STOCK OPTIONS ACTIVITY Options Weighted- Weighted- Aggregate Outstanding at beginning of year - $ - Granted 5,065 14.14 Exercised - - Forfeited or expired - - Outstanding at end of period 5,065 $ 14.14 9.3 $ - Exercisable at end of period - $ - - $ - The following table summarizes the activity relating to the Company’s stock options, excluding the market-based stock options that were granted to certain executives, for the nine-month period ended September 30, 2022: Options Weighted- Weighted- Aggregate Outstanding at beginning of year 3,470 $ 5.91 Granted 895 4.08 Exercised - - Forfeited or expired (1,578 ) 5.95 Outstanding at end of period 2,787 $ 5.30 7.3 $ 2 Exercisable at end of period 1,124 $ 5.80 5.8 $ 2
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 2021 2022 September 30, 2021 2022 Expected volatility 50.2 % 49.4 % Expected life of options (in years) 7 7 Risk free interest rate 0.69 % 1.73 % Dividend yield 0 % 0 % Weighted-average fair value of options granted during year $ 3.81 $ 2.04
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, 2022 is as follows: SCHEDULE OF NON-VESTED RESTRICTED STOCK ACTIVITY Number of Non- Weighted- Restricted stock, non-vested, beginning of year 629 $ 7.06 Granted 476 3.74 Vested (183 ) 7.26 Forfeited (185 ) 7.08 Restricted stock, non-vested, end of period 737 $ 4.86
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 has granted restricted stock units (RSUs) to employees. The following table summarizes the activity relating to the Company’s restricted stock units for the three-month period ended September 30, 2022: SCHEDULE OF NON-VESTED RESTRICTED STOCK ACTIVITY Number of Weighted- Restricted stock units, non-vested, beginning of year 36 $ 5.60 Granted - - Vested (31 ) 5.60 Forfeited - - Restricted stock units, non-vested, end of period 5 $ 5.60

NET LOSS PER SHARE (Tables)

NET LOSS PER SHARE (Tables)	9 Months Ended
	Sep. 30, 2022
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, 2021 and 2022 are as follows: SCHEDULE OF NET LOSS PER SHARE BASIC AND DILUTED 2021 2022 2021 2022 Three Months Ended September 30, Nine Months Ended September 30, 2021 2022 2021 2022 Basic and diluted loss per share Net loss attributable to common stockholders $ (4,541 ) $ (3,535 ) $ (10,157 ) $ (8,994 ) Weighted-average common share outstanding - basic and diluted 35,019 35,406 34,398 35,375 Net loss attributable to common stockholders - basic and diluted $ (0.13 ) $ (0.10 ) $ (0.30 ) $ (0.25 )

SHORT-TERM BANK DEBT AND LONG_2

SHORT-TERM BANK DEBT AND LONG-TERM DEBT (Tables)	9 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
SCHEDULE OF LONG TERM DEBT	SCHEDULE OF LONG TERM DEBT December 31, 2021 September 30, 2022 (Unaudited) Current maturities of long-term debt $ 6,114 $ 9,366 Long term debt - less current maturities $ 18,110 $ 11,914
SCHEDULE OF MATURITIES OF LONG TERM DEBT	Scheduled maturities of the long-term debt as of September 30, 2022 are as follows: SCHEDULE OF MATURITIES OF LONG TERM DEBT Year ending December 31: October - December 2022 $ 5,392 2023 4,563 2024 11,325 Long term debt 21,280 Less: Current Portion 9,366 Total $ 11,914

ACCOUNTS PAYABLE AND ACCRUED _2

ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)	9 Months Ended
	Sep. 30, 2022
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, 2021 September 30, 2022 (Unaudited) Accounts payable $ 17,748 $ 18,422 Accrued warranty 1,146 1,708 Accrued compensation 6,644 6,132 Government authorities 2,080 1,963 Other current liabilities 1,397 593 Accounts payable and accrued expenses $ 29,015 $ 28,818
SCHEDULE OF PRODUCT WARRANTY LIABILITY	The following table summarizes warranty activity for the nine-month periods ended September 30, 2021 and 2022: SCHEDULE OF PRODUCT WARRANTY LIABILITY 2021 2022 Nine Months Ended September 30, 2021 2022 Accrued warranty reserve, beginning of year $ 742 $ 1,333 Accrual for product warranties issued 639 998 Product replacements and other warranty expenditures (565 ) (373 ) Expiration of warranties 19 (83 ) Accrued warranty reserve, end of period ( a ) $ 835 $ 1,875 (a) Includes non-current accrued warranty included in other long-term liabilities at December 31, 2021 and September 30, 2022 of $ 187 167

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)	9 Months Ended
	Sep. 30, 2022
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, 2022 are as follows: SCHEDULE OF ACCUMULATED OTHER COMPREHENSIVE LOSS Foreign currency Accumulated other Balance at January 1, 2022 $ 391 $ 391 Net current period change (1,441 ) (1,441 ) Balance at September 30, 2022 $ (1,050 ) $ (1,050 ) The accumulated balances for each classification of other comprehensive loss for the nine-month period ended September 30, 2021 are as follows: Foreign currency Accumulated other Balance at January 1, 2021 $ 399 $ 399 Net current period change (423 ) (423 ) Balance at September 30, 2021 $ (24 ) $ (24 )

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	9 Months Ended
	Sep. 30, 2022
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 2021 2022 2021 2022 Three Months Ended September 30, Nine Months Ended September 30, 2021 2022 2021 2022 United States $ 10,976 $ 14,548 $ 36,186 $ 42,670 Israel 10,655 10,925 33,343 34,007 Other 7,615 8,815 22,256 25,366 Total revenues $ 29,246 $ 34,288 $ 91,785 $ 102,043 December 31, 2021 September 30, 2022 (Unaudited) Long lived assets by geographic region: United States $ 1,123 $ 1,048 Israel 3,675 3,450 Other 4,190 4,496 Long lived assets $ 8,988 $ 8,994

INCOME TAXES (Tables)

INCOME TAXES (Tables)	9 Months Ended
	Sep. 30, 2022
Income Tax Disclosure [Abstract]
SCHEDULE OF INCOME BEFORE INCOME TAX DOMESTIC AND FOREIGN	SCHEDULE OF INCOME BEFORE INCOME TAX DOMESTIC AND FOREIGN 2021 2022 2021 2022 Three Months Ended September 30, Nine Months Ended September 30, 2021 2022 2021 2022 Domestic pre-tax book income/(loss) $ (3,481 ) $ (3,739 ) $ (7,854 ) $ (12,083 ) Foreign pre-tax book income/(loss) 293 2,210 1,981 6,846 Total income before income (loss) taxes (3,188 ) (1,529 ) (5,873 ) (5,237 ) Income tax benefit (expense) (161 ) (770 ) (701 ) (107 ) Total income (loss) after taxes (3,349 ) (2,299 ) (6,574 ) (5,344 ) Effective tax rate $ (5.03 )% $ (50.35 )% $ (11.9 )% $ (2.04 )%

LEASES (Tables)

LEASES (Tables)	9 Months Ended
	Sep. 30, 2022
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, 2021 2022 2021 2022 Short term lease cost: $ 117 $ 102 $ 472 $ 346
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 2021 2022 Nine Months Ended September 30, 2021 2022 Non-cash activity: Right-of-use assets obtained in exchange for lease obligations $ 2,341 $ 1,042
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, 2022 Weighted-average remaining lease term (in years) 3.3 Weighted-average discount rate 4.4 %
SCHEDULED MATURITIES OF OPERATING LEASE LIABILITIES	Scheduled maturities of operating lease liabilities outstanding as of September 30, 2022 are as follows: SCHEDULED MATURITIES OF OPERATING LEASE LIABILITIES Year ending December 31: October - December 2022 $ 769 2023 2,616 2024 1,939 2025 1,760 2026 802 Thereafter 1,202 Total lease payments 9,088 Less: Imputed interest (831 ) Present value of lease liabilities $ 8,257

FAIR VALUE OF FINANCIAL INSTR_2

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	9 Months Ended
	Sep. 30, 2022
Fair Value Disclosures [Abstract]
SCHEDULE OF FAIR VALUE OF FINANCIAL INSTRUMENTS	SCHEDULE OF FAIR VALUE OF FINANCIAL INSTRUMENTS September 30, 2022 Carrying Amount Fair Value Long term debt $ 21,280 $ 21,280

DESCRIPTION OF THE COMPANY AN_2

DESCRIPTION OF THE COMPANY AND BASIS OF PRESENTATION (Details Narrative) - USD ($) shares in Thousands, $ in Thousands			9 Months Ended
	Oct. 31, 2022	Feb. 01, 2021	Sep. 30, 2022	Sep. 30, 2021	Jun. 30, 2012
Short-Term Debt [Line Items]
Cash (including restricted cash) and cash equivalents			$ 17,012
Working capital			36,658
Proceeds from issuance of common stock				$ 26,907
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 its common stock, preferred stock, warrants, debt securities, and units, or any combination of the foregoing, at prices and on terms to be determined at the time of any such offering. The specific terms of any future offering will be determined at the time of the offering and described in a prospectus supplement that will be filed with the SEC in connection with such offering.
Subsequent Event [Member]
Short-Term Debt [Line Items]
Debt instrument stated percentage	0.50%
Underwriting Agreement [Member] | Underwritten Public Offering [Member]
Short-Term Debt [Line Items]
Common shares issued, net of issuance costs, shares		4,428
Proceeds from issuance of common stock		$ 28,800
Revolving Credit Facility [Member]
Short-Term Debt [Line Items]
Line of credit facility, description			five-year revolving credit facility to Pointer in an aggregate principal amount of $10,000
Line of Credit Facility, Maximum Borrowing Capacity			$ 10,000
Line of credit amount borrowed			3,949
Line of credit					$ 1,000
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
New Revolver [Member] | Subsequent Event [Member]
Short-Term Debt [Line Items]
Debt instrument interest rate terms	The New Revolver will initially bear interest at the Secured Overnight Financing Rate plus 2.59%. Such interest is subject to monthly changes by Hapoalim, provided that Hapoalim gives Pointer advance notice regarding such change prior to the end of the applicable calendar month.
New Revolver [Member] | Credit Agreement [Member] | Subsequent Event [Member]
Short-Term Debt [Line Items]
Debt instrument face amount	$ 10,000
Debt instrument interest rate terms	The New Revolver will initially bear interest at the Secured Overnight Financing Rate plus 2.59%. Such interest is subject to monthly changes by Hapoalim, provided that Hapoalim gives Pointer advance notice regarding such change prior to the end of the applicable calendar month

SCHEDULE OF REVENUE DISAGGREGAT

SCHEDULE OF REVENUE DISAGGREGATED BY REVENUE SOURCE (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Disaggregation of Revenue [Line Items]
Total revenue	$ 34,288	$ 29,246	$ 102,043	$ 91,785
Product [Member]
Disaggregation of Revenue [Line Items]
Total revenue	14,021	10,785	43,231	37,671
Service [Member]
Disaggregation of Revenue [Line Items]
Total revenue	$ 20,267	$ 18,461	$ 58,812	$ 54,114

SCHEDULE OF DEFERRED REVENUE (D

SCHEDULE OF DEFERRED REVENUE (Details) - USD ($) $ in Thousands		Sep. 30, 2022	Dec. 31, 2021
Disaggregation of Revenue [Line Items]
Deferred costs		$ 1,025	$ 2,011
Deferred revenue		10,731	10,947
Less: Deferred revenue and contract liabilities - current portion		(6,523)	(6,519)	[1]
Deferred revenue and contract liabilities - less current portion		4,208	4,428	[1]
Service [Member]
Disaggregation of Revenue [Line Items]
Deferred revenue	[2]	9,463	8,401
Product [Member]
Disaggregation of Revenue [Line Items]
Deferred revenue	[2]	1,268	2,546
Deferred Contract Costs [Member]
Disaggregation of Revenue [Line Items]
Deferred costs		$ 2,797	$ 3,045
[1]Derived from audited balance sheet as of December 31, 2021.[2]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, 2021 and 2022, the Company recognized revenue of $ 2,547 7,767 3,174 8,040

SCHEDULE OF DEFERRED REVENUE _2

SCHEDULE OF DEFERRED REVENUE (Details) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenue from Contract with Customer [Abstract]
Contract with customer liability, revenue recognized	$ 3,174	$ 2,547	$ 8,040	$ 7,767

SCHEDULE OF PREPAID EXPENSES AN

SCHEDULE OF PREPAID EXPENSES AND OTHER CURRENT ASSETS (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Finance receivables, current	$ 1,117	$ 786
Prepaid expenses	5,227	4,580
Contract assets	1,146	1,124
Other current assets	1,378	2,561
Prepaid expenses and other current assets	$ 8,868	$ 9,051	[1]
[1]Derived from audited balance sheet as of December 31, 2021.

SCHEDULE OF INVENTORIES (Detail

SCHEDULE OF INVENTORIES (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Inventory Disclosure [Abstract]
Components	$ 13,386	$ 11,137
Work in process	586	699
Finished goods, net	9,600	6,407
Inventory, net	$ 23,572	$ 18,243	[1]
[1]Derived from audited balance sheet as of December 31, 2021.

INVENTORY (Details Narrative)

INVENTORY (Details Narrative) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Inventory Disclosure [Abstract]
Inventory Valuation Reserves	$ 406	$ 260

SCHEDULE OF FIXED ASSETS (Detai

SCHEDULE OF FIXED ASSETS (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 23,550	$ 22,301
Accumulated depreciation and amortization	(14,556)	(13,313)
Property, plant and equipment, net	8,994	8,988	[1]
Installed Products [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	7,702	6,190
Computer Software, Intangible Asset [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	7,036	6,732
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	5,507	5,688
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	1,932	2,246
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 1,373	$ 1,445
[1]Derived from audited balance sheet as of December 31, 2021.

FIXED ASSETS (Details Narrative

FIXED ASSETS (Details Narrative) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Property, Plant and Equipment [Line Items]
Depreciation and amortization	$ 752	$ 865	$ 2,336	$ 2,498
Computer Software, Intangible Asset [Member]
Property, Plant and Equipment [Line Items]
Capitalized computer software, amortization	$ 11	$ 106	$ 145	$ 316

SCHEDULE OF INTANGIBLE ASSETS (

SCHEDULE OF INTANGIBLE ASSETS (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, gross	$ 39,958	$ 38,952
Finite-lived intangible asset, accumulated amortization	(16,811)	(12,995)
Finite-lived intangible asset, net	23,147	25,957
Finite-lived intangible asset (excluding goodwill), gross	165	165
Finite-lived intangible asset (excluding goodwill), net	165	165
Finite-lived intangible asset, gross	40,123	39,117
Finite-lived intangible asset, accumulated amortization	(16,811)	(12,995)
Finite-lived intangible asset, net	23,312	26,122	[1]
Trademarks and Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, gross	7,553	7,553
Finite-lived intangible asset, accumulated amortization	(2,698)	(2,096)
Finite-lived intangible asset, net	4,855	5,457
Finite-lived intangible asset (excluding goodwill), gross	61	61
Finite-lived intangible asset (excluding goodwill), net	61	61
Customer Lists [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset (excluding goodwill), gross	104	104
Finite-lived intangible asset (excluding goodwill), net	$ 104	$ 104
Minimum [Member] | Trademarks and Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	3 years	3 years
Maximum [Member] | Trademarks and Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	15 years	15 years
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, gross	$ 19,264	$ 19,264
Finite-lived intangible asset, accumulated amortization	(5,576)	(4,356)
Finite-lived intangible asset, net	$ 13,688	$ 14,908
Customer Relationships [Member] | Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	9 years	9 years
Customer Relationships [Member] | Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	12 years	12 years
Patents [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, gross	$ 628	$ 628
Finite-lived intangible asset, accumulated amortization	(329)	(262)
Finite-lived intangible asset, net	$ 299	$ 366
Patents [Member] | Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	7 years	7 years
Patents [Member] | Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	11 years	11 years
Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	7 years	7 years
Finite-lived intangible asset, gross	$ 10,911	$ 10,911
Finite-lived intangible asset, accumulated amortization	(7,612)	(5,709)
Finite-lived intangible asset, net	3,299	$ 5,202
Software [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, gross	1,006
Finite-lived intangible asset, accumulated amortization
Finite-lived intangible asset, net	$ 1,006
Software [Member] | Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	3 years
Software [Member] | Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	6 years
Favorable Contract Interest [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	4 years	4 years
Finite-lived intangible asset, gross	$ 388	$ 388
Finite-lived intangible asset, accumulated amortization	(388)	(388)
Finite-lived intangible asset, net
Noncompete Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	5 years	5 years
Finite-lived intangible asset, gross	$ 208	$ 208
Finite-lived intangible asset, accumulated amortization	(208)	(184)
Finite-lived intangible asset, net		$ 24
[1]Derived from audited balance sheet as of December 31, 2021.

SCHEDULE OF FINITE-LIVED INTANG

SCHEDULE OF FINITE-LIVED INTANGIBLE ASSETS AMORTIZATION EXPENSE (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
2022 (remaining)	$ 1,264
2023	5,035
2024	2,622
2025	2,495
2026	2,413
2027	2,233
Thereafter	7,085
Finite-Lived intangible assets	$ 23,147	$ 25,957

INTANGIBLE ASSETS AND GOODWIL_2

INTANGIBLE ASSETS AND GOODWILL (Details Narrative) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, remaining amortization period			8 years 10 months 24 days
Amortization of intangible assets	$ 1,267	$ 1,282	$ 3,816	$ 3,879
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, remaining amortization period			11 years 10 months 24 days
Trademarks and Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, remaining amortization period			9 years 7 months 6 days
Patents [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, remaining amortization period			7 years
Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, remaining amortization period			4 years 3 months 18 days
Favorable Contract Interest [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, remaining amortization period			0 years
Covenant Not To Compete [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, remaining amortization period			5 years

SCHEDULE OF STOCK OPTIONS ACTIV

SCHEDULE OF STOCK OPTIONS ACTIVITY (Details) $ / shares in Units, shares in Thousands, $ in Thousands	9 Months Ended
	Sep. 30, 2022 USD ($) $ / shares shares
Performance Stock Option [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Options, outstanding at beginning of year | shares
Weighted-average exercise Price, outstanding at beginning of year | $ / shares
Options, granted | shares	5,065
Weighted-average exercise price, granted | $ / shares	$ 14.14
Options, exercised | shares
Weighted-average exercise price, exercised | $ / shares
Options, forfeited or expired | shares
Weighted-average exercise price, forfeited or expired | $ / shares
Options, outstanding at end of period | shares	5,065
Weighted-average exercise price, outstanding at end of period | $ / shares	$ 14.14
Weighted-average remaining contractual terms, outstanding	9 years 3 months 18 days
Aggregate intrinsic value, ending | $
Options, exercisable at end of period | shares
Weighted-average exercise price, exercisable at end of period | $ / shares
Aggregate intrinsic value, exercisable | $
Share-Based Payment Arrangement, Option [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Options, outstanding at beginning of year | shares	3,470
Weighted-average exercise Price, outstanding at beginning of year | $ / shares	$ 5.91
Options, granted | shares	895
Weighted-average exercise price, granted | $ / shares	$ 4.08
Options, exercised | shares
Weighted-average exercise price, exercised | $ / shares
Options, forfeited or expired | shares	(1,578)
Weighted-average exercise price, forfeited or expired | $ / shares	$ 5.95
Options, outstanding at end of period | shares	2,787
Weighted-average exercise price, outstanding at end of period | $ / shares	$ 5.30
Weighted-average remaining contractual terms, outstanding	7 years 3 months 18 days
Aggregate intrinsic value, ending | $	$ 2
Options, exercisable at end of period | shares	1,124
Weighted-average exercise price, exercisable at end of period | $ / shares	$ 5.80
Aggregate intrinsic value, exercisable | $	$ 2
Weighted-average remaining contractual terms, exercisable	5 years 9 months 18 days

SCHEDULE OF FAIR VALUE STOCK OP

SCHEDULE OF FAIR VALUE STOCK OPTION ASSUMPTIONS (Details) - $ / shares	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Share-Based Payment Arrangement [Abstract]
Expected volatility	49.40%	50.20%
Expected life of options, terms	7 years	7 years
Risk free interest rate	1.73%	0.69%
Dividend yield	0%	0%
Weighted-average fair value of options granted during year	$ 2.04	$ 3.81

SCHEDULE OF NON-VESTED RESTRICT

SCHEDULE OF NON-VESTED RESTRICTED STOCK ACTIVITY (Details) - $ / shares shares in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2022
Restricted Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of non-vested shares, beginning		629
Weighted-average grant date fair value, beginning		$ 7.06
Number of non-vested shares, granted		476
Weighted-average grant date fair value, granted		$ 3.74
Number of non-vested shares, vested		(183)
Weighted-average grant date fair value, vested		$ 7.26
Number of non-vested shares, forfeited		(185)
Weighted-average grant date fair value, forfeited		$ 7.08
Number of non-vested shares, ending	737	737
Weighted-average grant date fair value, ending	$ 4.86	$ 4.86
Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of non-vested shares, beginning	36
Weighted-average grant date fair value, beginning	$ 5.60
Number of non-vested shares, granted
Weighted-average grant date fair value, granted
Number of non-vested shares, vested	(31)
Weighted-average grant date fair value, vested	$ 5.60
Number of non-vested shares, forfeited
Weighted-average grant date fair value, forfeited
Number of non-vested shares, ending	5	5
Weighted-average grant date fair value, ending	$ 5.60	$ 5.60

STOCK-BASED COMPENSATION (Detai

STOCK-BASED COMPENSATION (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Mar. 31, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share based compensation risk free interest rate			1.73%	0.69%
Share based compensation volatility rate			49.40%	50.20%
Share based compensation expected term			7 years	7 years
Two Thousand And Eighteen Incentive Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of shares available for grant					5,065,000
Two Thousand And Eighteen Incentive Plan [Member] | Minimum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Options exercise price	$ 2.85		$ 2.85
Weighted average granted fair value option			10.50
Two Thousand And Eighteen Incentive Plan [Member] | Maximum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Options exercise price	$ 21		21
Weighted average granted fair value option			$ 21
Share-Based Payment Arrangement, Option [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock based compensation expense	$ 809	$ 345	$ 2,110	$ 1,061
Fair value of options vested			409	508
Intrinsic value of options, exercises	0	470
Unrecognized compensation costs	6,558		$ 6,558
Weighted average period for recognition			3 years 2 months 12 days
Share-Based Payment Arrangement, Option [Member] | Common Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share based compensation risk free interest rate			1.70%
Share based compensation volatility rate			51.70%
Share based compensation expected term			10 years
Weighted average granted fair value option			$ 1.27
Employee Stock Option [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Unrecognized compensation costs	2,266		$ 2,266
Weighted average period for recognition			3 years 1 month 6 days
Restricted Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock based compensation expense	254	533	$ 997	$ 1,908
Unrecognized compensation costs	2,557		$ 2,557
Weighted average period for recognition			2 years 6 months 29 days
Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock based compensation expense	7	$ 51	$ 49
Unrecognized compensation costs	$ 3		$ 3
Weighted average period for recognition			1 month 17 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, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2022	Sep. 30, 2021
Earnings Per Share [Abstract]
Net loss attributable to common stockholders	$ (3,535)	$ (1,334)	$ (4,124)	$ (4,541)	$ (2,633)	$ (2,983)	$ (8,994)	$ (10,157)
Weighted-average common share outstanding - basic and diluted	35,406			35,019			35,375	34,398
Net loss attributable to common stockholders - basic and diluted	$ (0.10)			$ (0.13)			$ (0.25)	$ (0.30)

NET LOSS PER SHARE (Details Nar

NET LOSS PER SHARE (Details Narrative) - shares shares in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Earnings Per Share [Abstract]
Antidilutive securities excluded from computation of earnings per share, amount	16,517	11,939

SCHEDULE OF LONG TERM DEBT (Det

SCHEDULE OF LONG TERM DEBT (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Debt Disclosure [Abstract]
Current maturities of long-term debt	$ 9,366	$ 6,114
Long term debt - less current maturities	$ 11,914	$ 18,110	[1]
[1]Derived from audited balance sheet as of December 31, 2021.

SCHEDULE OF MATURITIES OF LONG

SCHEDULE OF MATURITIES OF LONG TERM DEBT (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Debt Disclosure [Abstract]
October - December 2022	$ 5,392
2023	4,563
2024	11,325
Long term debt	21,280
Less: Current Portion	9,366	$ 6,114
Total	$ 11,914	$ 18,110	[1]
[1]Derived from audited balance sheet as of December 31, 2021.

SHORT-TERM BANK DEBT AND LONG_3

SHORT-TERM BANK DEBT AND LONG-TERM DEBT (Details Narrative) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
	Oct. 31, 2022	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Aug. 23, 2021	Jun. 30, 2012
Subsequent Event [Member]
Short-Term Debt [Line Items]
Debt instrument stated percentage	0.50%
Revolving Credit Facility [Member]
Short-Term Debt [Line Items]
Line of credit amount borrowed		$ 3,949		$ 3,949
Line of credit							$ 1,000
New Revolver [Member] | Subsequent Event [Member]
Short-Term Debt [Line Items]
Debt instrument interest rate terms	The New Revolver will initially bear interest at the Secured Overnight Financing Rate plus 2.59%. Such interest is subject to monthly changes by Hapoalim, provided that Hapoalim gives Pointer advance notice regarding such change prior to the end of the applicable calendar month.
Credit Agreement [Member]
Short-Term Debt [Line Items]
Proceeds from Issuance of Debt				30,000
Deposits		3,000		3,000
Debt issuance costs		742		742
Amortization of debt issuance costs		49	$ 68	168	$ 223
Interest expense		196	$ 268	642	$ 821
Credit Agreement [Member] | Two Loan Facilities [Member]
Short-Term Debt [Line Items]
Debt instrument face amount		30,000		30,000
Credit Agreement [Member] | Term A Facility [Member]
Short-Term Debt [Line Items]
Debt instrument face amount		$ 20,000		$ 20,000
Debt instrument stated percentage		4.73%		4.73%
Credit Agreement [Member] | Term B Facility [Member]
Short-Term Debt [Line Items]
Debt instrument face amount		$ 10,000		$ 10,000
Debt instrument stated percentage		5.89%		5.89%
Credit Agreement [Member] | Revolving Facility [Member]
Short-Term Debt [Line Items]
Debt instrument face amount		$ 10,000		$ 10,000
Debt Instrument, Description				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
Credit Agreement [Member] | New Revolver [Member] | Subsequent Event [Member]
Short-Term Debt [Line Items]
Debt instrument face amount	$ 10,000
Debt instrument interest rate terms	The New Revolver will initially bear interest at the Secured Overnight Financing Rate plus 2.59%. Such interest is subject to monthly changes by Hapoalim, provided that Hapoalim gives Pointer advance notice regarding such change prior to the end of the applicable calendar month
Amended Credit Agreement [Member] | Maximum [Member]
Short-Term Debt [Line Items]
Debt instrument stated percentage						1%
Amended Credit Agreement [Member] | Minimum [Member]
Short-Term Debt [Line Items]
Debt instrument stated percentage						0.50%
Amended Credit Agreement [Member] | Term A Facility [Member]
Short-Term Debt [Line Items]
Debt instrument stated percentage						3.65%
Amended Credit Agreement [Member] | Term B Facility [Member]
Short-Term Debt [Line Items]
Debt instrument stated percentage						4.50%

SCHEDULE OF ACCOUNTS PAYABLE AN

SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED LIABILITIES (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Payables and Accruals [Abstract]
Accounts payable	$ 18,422	$ 17,748
Accrued warranty	1,708	1,146
Accrued compensation	6,132	6,644
Government authorities	1,963	2,080
Other current liabilities	593	1,397
Accounts payable and accrued expenses	$ 28,818	$ 29,015	[1]
[1]Derived from audited balance sheet as of December 31, 2021.

SCHEDULE OF PRODUCT WARRANTY LI

SCHEDULE OF PRODUCT WARRANTY LIABILITY (Details) - USD ($) $ in Thousands		9 Months Ended
		Sep. 30, 2022	Sep. 30, 2021
Payables and Accruals [Abstract]
Accrued warranty reserve, beginning of year		$ 1,333	$ 742
Accrual for product warranties issued		998	639
Product replacements and other warranty expenditures		(373)	(565)
Expiration of warranties		(83)	19
Accrued warranty reserve, end of period ()	[1]	$ 1,875	$ 835
[1]Includes non-current accrued warranty included in other long-term liabilities at December 31, 2021 and September 30, 2022 of $ 187 167

SCHEDULE OF PRODUCT WARRANTY _2

SCHEDULE OF PRODUCT WARRANTY LIABILITY (Details) (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Other Noncurrent Liabilities [Member]
Product warranty accrual	$ 167	$ 187

ACCOUNTS PAYABLE AND ACCRUED _3

ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Details Narrative)	9 Months Ended
	Sep. 30, 2022
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

SCHEDULE OF ACCUMULATED OTHER C

SCHEDULE OF ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022		Sep. 30, 2021
Equity [Abstract]
Foreign currency translation adjustment, balance at beginning			$ 391		$ 399
Accumulated other comprehensive income, balance at beginning			391	[1]	399
Foreign currency translation adjustment, net current period change			(1,441)		(423)
Accumulated other comprehensive income, net current period change	$ 12	$ (92)	(1,441)		(423)
Foreign currency translation adjustment, balance at end	(1,050)	(24)	(1,050)		(24)
Accumulated other comprehensive income, balance at end	$ (1,050)	$ (24)	$ (1,050)		$ (24)
[1]Derived from audited balance sheet as of December 31, 2021.

STOCKHOLDERS_ EQUITY (Details N

STOCKHOLDERS’ EQUITY (Details Narrative) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands			9 Months Ended
	Feb. 01, 2021	Oct. 03, 2019	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Class of Stock [Line Items]
Proceeds from offering price				$ 26,907
Preferred stock, shares authorized			50,000		50,000
Preferred stock, par value			$ 0.01		$ 0.01
Redeemable Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, shares authorized			150
Preferred stock, par value			$ 0.01
Series A Convertible Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, shares authorized			100
Preferred stock, shares undesignated			50
Series A Preferred Stock [Member]
Class of Stock [Line Items]
Number of common stock issued			3	0
Preferred stock, liquidation preference per share			$ 1,000
Preferred stock, dividend paid in amount of shares			3
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
Preferred stock, 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%
Series A Preferred Stock [Member] | Investors [Member]
Class of Stock [Line Items]
Number of common stock issued		50
Underwritten Agreement [Member] | Canaccord Genuity LLC [Member]
Class of Stock [Line Items]
Number of common stock issued	4,428
Proceeds from offering price	$ 28,800

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE LOSS (Details Narrative) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Other comprehensive income (loss), foreign currency transaction and translation gain (loss) arising during period, net of tax			$ 1,441	$ 423
Long-Term Debt [Member]
Other comprehensive income (loss), foreign currency transaction and translation gain (loss) arising during period, net of tax	$ 191	$ 261	2,803	151
Selling, General and Administrative Expenses [Member]
Other comprehensive income (loss), foreign currency transaction and translation gain (loss) arising during period, net of tax	$ 922	$ 345	$ 1,844	$ 139

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, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenues	$ 34,288	$ 29,246	$ 102,043	$ 91,785
Long lived assets	8,994		8,994		$ 8,988
UNITED STATES
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenues	14,548	10,976	42,670	36,186
Long lived assets	1,048		1,048		1,123
ISRAEL
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenues	10,925	10,655	34,007	33,343
Long lived assets	3,450		3,450		3,675
Other [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenues	8,815	$ 7,615	25,366	$ 22,256
Long lived assets	$ 4,496		$ 4,496		$ 4,190

SCHEDULE OF INCOME BEFORE INCOM

SCHEDULE OF INCOME BEFORE INCOME TAX DOMESTIC AND FOREIGN (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Tax Disclosure [Abstract]
Domestic pre-tax book income/(loss)	$ (3,739)	$ (3,481)	$ (12,083)	$ (7,854)
Foreign pre-tax book income/(loss)	2,210	293	6,846	1,981
Total income before income (loss) taxes	(1,529)	(3,188)	(5,237)	(5,873)
Income tax benefit (expense)	(770)	(161)	(107)	(701)
Total income (loss) after taxes	$ (2,299)	$ (3,349)	$ (5,344)	$ (6,574)
Effective tax rate	(50.35%)	(5.03%)	(2.04%)	(11.90%)

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative)	Aug. 16, 2022
Income Tax Disclosure [Abstract]
Corporate alternative minimum tax	15%
Excise tax	1%

SCHEDULE OF COMPONENTS OF LEASE

SCHEDULE OF COMPONENTS OF LEASE EXPENSE (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Leases
Short term lease cost	$ 102	$ 117	$ 346	$ 472

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, 2022	Sep. 30, 2021
Leases
Right-of-use assets obtained in exchange for lease obligations	$ 1,042	$ 2,341

SCHEDULE OF WEIGHTED AVERAGE RE

SCHEDULE OF WEIGHTED AVERAGE REMAINING LEASE TERM AND DISCOUNT RATE (Details)	Sep. 30, 2022
Leases
Operating Lease, Weighted Average Remaining Lease Term	3 years 3 months 18 days
Weighted-average discount rate	4.40%

SCHEDULED MATURITIES OF OPERATI

SCHEDULED MATURITIES OF OPERATING LEASE LIABILITIES (Details) $ in Thousands	Sep. 30, 2022 USD ($)
Leases
October - December 2022	$ 769
2023	2,616
2024	1,939
2025	1,760
2026	802
Thereafter	1,202
Total lease payments	9,088
Less: Imputed interest	(831)
Present value of lease liabilities	$ 8,257

LEASES (Details Narrative)

LEASES (Details Narrative)	9 Months Ended
	Sep. 30, 2022
Operating lease, option to extend	options to extend the lease term for up to five years
Minimum [Member]
Operating lease, remaining lease terms	1 year
Maximum [Member]
Operating lease, remaining lease terms	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, 2022 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long term debt, carrying amount	$ 21,280
Long term debt, fair value	$ 21,280

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($) $ in Thousands	1 Months Ended	9 Months Ended
	Aug. 31, 2014	Sep. 30, 2022
Operating Loss Carryforwards [Line Items]
Long-Term Purchase Commitment, Amount		$ 11,193
Brazilian ICMS Tax [Member]
Operating Loss Carryforwards [Line Items]
Income tax examination, interest expense	$ 217
Income tax examination, penalties expense	$ 978
Income tax examination, penalties and interest expense		$ 1,195

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - Subsequent Event [Member] $ in Millions	Oct. 31, 2022 USD ($)
Subsequent Event [Line Items]
Debt instrument stated percentage	0.50%
New Revolver [Member]
Subsequent Event [Line Items]
Debt instrument interest rate terms	The New Revolver will initially bear interest at the Secured Overnight Financing Rate plus 2.59%. Such interest is subject to monthly changes by Hapoalim, provided that Hapoalim gives Pointer advance notice regarding such change prior to the end of the applicable calendar month.
New Revolver [Member] | Credit Agreement [Member]
Subsequent Event [Line Items]
Debt instrument face amount	$ 10
Debt instrument interest rate terms	The New Revolver will initially bear interest at the Secured Overnight Financing Rate plus 2.59%. Such interest is subject to monthly changes by Hapoalim, provided that Hapoalim gives Pointer advance notice regarding such change prior to the end of the applicable calendar month