PowerFleet (AIOT) 10-K 9 May 24 2023 FY Annual report Financial data

Cover

Cover - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	May 01, 2024	Jun. 30, 2023
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Dec. 31, 2023
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2023
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 Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
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 Public Float			$ 105.8
Entity Common Stock, Shares Outstanding		107,349,987
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	true
Document Financial Statement Restatement Recovery Analysis [Flag]	true
Auditor Firm ID	42
Auditor Name	Ernst & Young LLP
Auditor Location	Iselin, New Jersey

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 19,022	$ 19,297	$ 21,729	$ 24,780	$ 17,680	$ 16,703	$ 17,703	$ 20,559	$ 26,452	$ 18,127
Restricted cash	310	310	309	309	309	309	309	308	308	308
Accounts receivable, net of allowance for credit losses of $2,567 and $2,797 in 2022 and 2023, respectively	32,440	33,794	31,279	31,587	32,647	33,391	33,488	31,916
Inventory, net	22,602	21,055	22,125	22,649	22,272	23,572	23,540	20,313
Deferred costs – current	83	191	338	523	762	1,025	1,315	1,416
Prepaid expenses and other current assets	7,568	8,721	7,298	7,959	7,536	8,790	8,942	10,716
Total current assets	82,025	83,368	83,078	87,807	81,206	83,790	85,297	85,228
Fixed assets, net	12,383	10,103	10,161	9,941	9,249	8,994	8,333	8,532
Goodwill	83,487	83,487	83,487	83,487	83,487	83,487	83,487	83,487
Intangible assets, net	20,075	21,021	21,780	22,283	22,908	23,312	24,022	24,848
Right of use asset	6,195	6,490	6,936	7,332	7,820	7,999	8,463	9,597
Severance payable fund	3,802	3,427	3,566	3,684	3,760	3,614	3,610	4,282
Deferred tax asset	2,863	2,012	2,039	2,593	3,308	3,740	3,947	4,977
Other assets	6,916	6,881	6,756	6,642	6,318	5,270	5,022	4,869
Total assets	217,746	216,789	217,803	223,769	218,056	220,206	222,181	226,044
Current liabilities:
Short-term bank debt and current maturities of long-term debt	21,091	12,137	11,197	9,359	10,312	9,366	7,794	6,006
Accounts payable and accrued expenses	30,296	26,453	23,389	26,236	25,397	27,704	28,236	27,963
Deferred revenue – current	5,666	6,138	6,230	6,360	6,376	6,523	7,331	7,265
Lease liability – current	1,503	2,286	2,448	2,481	2,441	2,464	2,494	2,718
Total current liabilities	58,556	47,014	43,264	44,436	44,526	46,057	45,855	43,952
Long-term debt – less current maturities		9,617	9,940	10,638	11,403	11,914	13,408	16,258
Deferred revenue – less current portion	4,956	4,927	4,708	4,487	4,431	4,208	4,139	4,466
Lease liability – less current portion	4,908	4,415	4,715	5,065	5,628	5,793	6,237	7,128
Accrued severance payable	4,533	4,142	4,284	4,396	4,365	4,148	4,118	4,857
Deferred tax liability	4,450	4,262	3,976	4,584	4,901	5,173	5,081	5,291
Other long-term liabilities	2,422	2,305	2,239	2,069	1,788	1,754	1,644	1,552
Total liabilities	79,825	76,682	73,126	75,675	77,042	79,047	80,482	83,504
Commitments and Contingencies (note 19)
Convertible redeemable preferred stock: Series A – 100 shares authorized, $0.01 par value; 59 and 60 shares issued and outstanding at December 31, 2022 and December 31, 2023, respectively, at redemption value of $90,273 at December 31, 2023	80,277	78,400	76,565	74,792	72,031	69,341	66,752	64,273	61,894	56,703
STOCKHOLDERS’ EQUITY
Preferred stock; authorized 50,000 shares, $0.01 par value;
Common stock; authorized 75,000 shares, $0.01 par value; 37,605 and 38,716 shares issued at December 31, 2022 and December 31, 2023, respectively; shares outstanding, 36,170 and 37,229 at December 31, 2022 and December 31, 2023, respectively	387	387	377	376	376	376	375	376
Additional paid-in capital	212,703	214,587	216,458	218,473	219,055	220,558	222,078	223,245
Accumulated deficit	(146,281)	(142,778)	(139,230)	(135,961)	(140,806)	(139,534)	(137,932)	(137,525)
Accumulated other comprehensive loss	(616)	(1,904)	(998)	(1,098)	(1,210)	(1,158)	(1,174)	549	391	399
Treasury stock; 1,435 and 1,487 common shares at cost at December 31, 2022 and December 31, 2023, respectively	(8,651)	(8,648)	(8,558)	(8,554)	(8,510)	(8,492)	(8,485)	(8,480)
Total Powerfleet, Inc. stockholders’ equity	57,542	61,644	68,049	73,236	68,905	71,750	74,862	78,165
Non-controlling interest	102	63	63	66	78	68	85	102
Total equity	57,644	61,707	68,112	73,302	68,983	71,818	74,947	78,267	$ 83,351	$ 74,438
Total liabilities, convertible redeemable preferred stock, and stockholders’ equity	$ 217,746	$ 216,789	$ 217,803	$ 223,769	$ 218,056	$ 220,206	$ 222,181	$ 226,044

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Accounts receivable, allowance for credit loss	$ 2,797	$ 2,567
Temporary equity, shares authorized	100	100
Temporary equity, par value	$ 0.01	$ 0.01
Temporary equity, shares issued	60	59
Temporary equity, shares outstanding	60	59
Temporary equity, redemption value	$ 90,273
Preferred Stock, Shares Authorized	50,000
Preferred stock, par value	$ 0.01
Common stock, shares authorized	75,000	75,000
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares issued	38,716	37,605
Common stock, shares outstanding	37,229	36,170
Treasury stock, shares	1,487	1,435

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended						6 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenues:
Total revenues	$ 34,242	$ 32,092	$ 32,852	$ 34,555	$ 34,520	$ 33,288	$ 64,945	$ 67,808	$ 99,187	$ 102,364	$ 133,736	$ 135,912	$ 125,960
Cost of revenues:
Total cost of revenues	17,137	16,074	16,278	17,107	18,364	18,695	32,352	37,059	49,488	54,166	66,660	70,919	66,207
Gross profit	17,105	16,018	16,574	17,448	16,156	14,593	32,593	30,749	49,699	48,198	67,076	64,993	59,753
Operating expenses:
Selling, general and administrative expenses	17,777	17,198	16,941	16,545	15,597	15,577	34,139	31,174	51,917	47,720	71,253	63,492	56,496
Research and development expenses	2,426	2,221	1,723	1,865	2,001	2,737	3,944	4,738	6,369	6,603	8,380	8,472	11,429
Total operating expenses	20,203	19,419	18,664	18,410	17,598	18,314	38,083	35,912	58,286	54,323	79,633	71,964	67,925
Loss from operations	(3,098)	(3,401)	(2,090)	(962)	(1,442)	(3,721)	(5,490)	(5,163)	(8,587)	(6,125)	(12,557)	(6,971)	(8,172)
Interest income	23	22	24	20	15	13	46	28	69	48	103	71	45
Interest expense, net	(154)	(173)	(137)	(331)	1,493	100	(310)	1,593	(464)	1,262	(1,602)	994	(2,764)
Bargain purchase – Movingdots		283	7,234								9,034
Other (expense) income, net	(24)		3	(4)	20	94	3	114	(22)	109	(29)	24	8
Net loss before income taxes	(3,253)	(3,269)	5,034	(1,277)	86	(3,514)	1,766	(3,428)	(1,487)	(4,706)	(5,051)	(5,882)	(10,883)
Income tax expense	(295)	6	(392)	(323)	(492)	42	(386)	(450)	(681)	(773)	(589)	(870)	(1,888)
Net loss before non-controlling interest	(3,548)	(3,263)	4,642	(1,600)	(406)	(3,472)	1,380	(3,878)	(2,168)	(5,479)	(5,640)	(6,752)	(12,771)
Non-controlling interest		(6)	3	(1)	(1)	(1)	(3)	(2)	(3)	(3)	(35)	(2)	5
Net loss	(3,548)	(3,269)	4,645	(1,601)	(407)	(3,473)	1,377	(3,880)	(2,171)	(5,482)	(5,675)	(6,754)	(12,766)
Accretion of preferred stock	(1,834)	(1,772)	(1,655)	(1,521)	(1,432)	(1,351)	(3,427)	(2,783)	(5,261)	(4,305)	(7,139)	(5,906)	(5,190)
Preferred stock dividends	(1,128)	(1,129)	(1,107)	(1,067)	(1,048)	(1,028)	(2,236)	(2,076)	(3,364)	(3,143)	(4,493)	(4,231)	(4,112)
Net loss attributable to common stockholders	$ (6,510)	$ (6,170)	$ 1,883	$ (4,189)	$ (2,887)	$ (5,852)	$ (4,286)	$ (8,739)	$ (10,796)	$ (12,930)	$ (17,307)	$ (16,891)	$ (22,068)
Net loss per share attributable to common stockholders - basic	$ (0.18)	$ (0.17)	$ 0.04	$ (0.12)	$ (0.08)	$ (0.17)	$ (0.12)	$ (0.25)	$ (0.30)	$ (0.37)	$ (0.49)	$ (0.48)	$ (0.64)
Net loss per share attributable to common stockholders - diluted	$ (0.18)	$ (0.17)	$ 0.04	$ (0.12)	$ (0.08)	$ (0.17)	$ (0.12)	$ (0.25)	$ (0.30)	$ (0.37)	$ (0.49)	$ (0.48)	$ (0.64)
Weighted average common shares outstanding - basic	35,653	35,605	35,548	35,406	35,386	35,332	35,577	35,359	35,602	35,375	35,628	35,393	34,571
Weighted average common shares outstanding - diluted	35,653	35,605	35,628	35,406	35,386	35,332	35,577	35,359	35,602	35,375	35,628	35,393	34,571
Previously Reported [Member]
Revenues:
Total revenues	$ 34,195	$ 32,050	$ 32,839	$ 34,288	$ 34,594	$ 33,161	$ 64,889	$ 67,755	$ 99,084	$ 102,043		$ 135,157	$ 126,208
Cost of revenues:
Total cost of revenues	17,080	16,017	16,221	17,107	18,364	18,762	32,238	37,126	49,317	54,233		70,986	66,025
Gross profit	17,115	16,033	16,618	17,181	16,230	14,399	32,651	30,629	49,767	47,810		64,171	60,183
Operating expenses:
Selling, general and administrative expenses	17,988	16,987	16,787	16,664	15,817	14,912	33,774	30,729	51,763	47,393		63,001	57,100
Research and development expenses	2,384	2,179	1,723	1,735	2,001	3,229	3,902	5,230	6,285	6,965		8,964	11,058
Total operating expenses	20,372	19,166	18,510	18,399	17,818	18,141	37,676	35,959	58,048	54,358		71,965	68,158
Loss from operations	(3,257)	(3,133)	(1,892)	(1,218)	(1,588)	(3,742)	(5,025)	(5,330)	(8,281)	(6,548)		(7,794)	(7,975)
Interest income	23	22	24	20	15	13	46	28	69	48		71	45
Interest expense, net	(154)	(173)	(137)	(331)	1,493	100	(310)	1,593	(464)	1,262		994	(2,764)
Bargain purchase – Movingdots		283	7,234
Other (expense) income, net	(24)	69	(66)		3	(1)	3	2	(22)	1		24	8
Net loss before income taxes	(3,412)	(2,932)	5,163	(1,529)	(77)	(3,630)	2,231	(3,707)	(1,181)	(5,237)		(6,705)	(10,686)
Income tax expense	(262)	(39)	(397)	(770)	(40)	703	(436)	663	(698)	(107)		(296)	(2,607)
Net loss before non-controlling interest	(3,674)	(2,971)	4,766	(2,299)	(117)	(2,927)	1,795	(3,044)	(1,879)	(5,344)		(7,001)	(13,293)
Non-controlling interest		(6)	3	(1)	(1)	(1)	(3)	(2)	(3)	(3)		(2)	5
Net loss	(3,674)	(2,977)	4,769	(2,300)	(118)	(2,928)	1,792	(3,046)	(1,882)	(5,347)		(7,003)	(13,288)
Accretion of preferred stock	(167)	(168)	(168)	(168)	(168)	(168)	(336)	(336)	(503)	(504)		(671)	(672)
Preferred stock dividends	(1,128)	(1,129)	(1,107)	(1,067)	(1,048)	(1,028)	(2,236)	(2,076)	(3,364)	(3,143)		(4,231)	(4,112)
Net loss attributable to common stockholders	$ (4,969)	$ (4,274)	$ 3,494	$ (3,535)	$ (1,334)	$ (4,124)	$ (780)	$ (5,458)	$ (5,749)	$ (8,994)		$ (11,905)	$ (18,072)
Net loss per share attributable to common stockholders - basic	$ (0.14)	$ (0.12)	$ 0.11	$ (0.10)	$ (0.04)	$ (0.12)	$ 0.01	$ (0.15)	$ (0.16)	$ (0.25)		$ (0.34)	$ (0.52)
Net loss per share attributable to common stockholders - diluted	$ (0.14)	$ (0.12)	$ 0.11	$ (0.10)	$ (0.04)	$ (0.12)	$ 0.01	$ (0.15)	$ (0.16)	$ (0.25)		$ (0.34)	$ (0.52)
Weighted average common shares outstanding - basic	35,653	35,605	35,548	35,406	35,386	35,332	35,577	35,359	35,602	35,375		35,393	34,571
Weighted average common shares outstanding - diluted	35,653	35,605	35,628	35,406	35,386	35,332	35,670	35,359	35,602	35,375		35,393	34,571
Redemption Premium Adjustment [Member]
Revenues:
Total revenues
Cost of revenues:
Total cost of revenues
Gross profit
Operating expenses:
Selling, general and administrative expenses
Research and development expenses
Total operating expenses
Loss from operations
Interest income
Interest expense, net
Bargain purchase – Movingdots
Other (expense) income, net
Net loss before income taxes
Income tax expense
Net loss before non-controlling interest
Non-controlling interest
Net loss
Accretion of preferred stock	(1,667)	(1,604)	(1,487)	(1,353)	(1,264)	(1,183)	(3,091)	(2,447)	(4,758)	3,801		(5,235)	(4,518)
Preferred stock dividends
Net loss attributable to common stockholders	$ (1,667)	$ (1,604)	$ (1,487)	$ (1,353)	$ (1,264)	$ (1,183)	$ (3,091)	$ (2,447)	$ (4,758)	$ (3,801)		$ (5,235)	$ (4,518)
Net loss per share attributable to common stockholders - basic	$ (0.05)	$ (0.05)	$ (0.06)		$ (0.04)	$ (0.03)	$ (0.12)		$ (0.13)	$ (0.11)		$ (0.15)	$ (0.13)
Net loss per share attributable to common stockholders - diluted	$ (0.05)	$ (0.05)	$ (0.06)		$ (0.04)	$ (0.03)	$ (0.12)		$ (0.13)	$ (0.11)		$ (0.15)	$ (0.13)
Weighted average common shares outstanding - basic	35,653	35,605	35,548	35,406	35,386	35,332	35,577	35,359	35,602	35,375		35,393	34,571
Weighted average common shares outstanding - diluted	35,653	35,605	35,628	35,406	35,386	35,332	35,577	35,359	35,602	35,375		35,393	34,571
Revision of Prior Period, Reclassification, Adjustment [Member]
Revenues:
Total revenues	$ 4	$ 42	$ 13	$ 267	$ (74)	$ 127	$ 56	$ 53	$ 103	$ 321		$ 755	$ (248)
Cost of revenues:
Total cost of revenues	57	57	57			(67)	114	(67)	171	(67)		(67)	182
Gross profit	(10)	(15)	(44)	267	(74)	194	(58)	120	(68)	388		822	(430)
Operating expenses:
Selling, general and administrative expenses	(211)	211	154	(119)	(220)	665	365	445	154	327		491	(604)
Research and development expenses	42	42		130		(492)	42	(492)	84	(362)		(492)	371
Total operating expenses	(169)	253	154	11	(220)	173	407	(47)	238	(35)		(1)	(233)
Loss from operations	159	(268)	(198)	256	146	21	(465)	167	(306)	423		823	(197)
Interest income
Interest expense, net
Bargain purchase – Movingdots
Other (expense) income, net		(69)	69	(4)	17	95		112		108
Net loss before income taxes	159	(337)	(129)	252	163	116	(465)	279	(306)	531		823	(197)
Income tax expense	(33)	45	5	447	(452)	(661)	50	(1,113)	17	(666)		(574)	719
Net loss before non-controlling interest	126	(292)	(124)	699	(289)	(545)	(415)	(834)	(289)	(135)		249	522
Non-controlling interest
Net loss	126	(292)	(124)	699	(289)	(545)	(415)	(834)	(289)	(135)		249	522
Accretion of preferred stock
Preferred stock dividends
Net loss attributable to common stockholders	$ 126	$ (292)	$ (124)	$ 699	$ (289)	$ (545)	$ (415)	$ (834)	$ (289)	$ (135)		$ 249	$ 522
Net loss per share attributable to common stockholders - basic	$ 0	$ (0.01)	$ (0.01)	$ (0.04)	$ (0.01)	$ (0.02)	$ (0.01)	$ (0.07)	$ (0.01)	$ 0		$ 0.01	$ 0.02
Net loss per share attributable to common stockholders - diluted	$ 0	$ (0.01)	$ (0.01)	$ (0.04)	$ (0.01)	$ (0.02)	$ (0.01)	$ (0.07)	$ (0.01)	$ 0		$ 0.01	$ 0.02
Weighted average common shares outstanding - basic	35,653	35,605	35,548	35,406	35,386	35,332	35,577	35,359	35,602	35,375		35,393	34,571
Weighted average common shares outstanding - diluted	35,653	35,605	35,628	35,406	35,386	35,332	35,577	35,359	35,602	35,375		35,393	34,571
Product [Member]
Revenues:
Total revenues	$ 13,232	$ 11,084	$ 12,508	$ 14,440	$ 14,589	$ 14,519	$ 23,593	$ 29,108	$ 36,825	$ 43,549	$ 49,741	$ 56,945	$ 52,902
Cost of revenues:
Total cost of revenues	8,843	8,550	9,002	9,780	11,336	11,911	17,552	23,247	26,394	33,026	36,404	42,569	39,627
Product [Member] | Previously Reported [Member]
Revenues:
Total revenues	13,147	11,012	12,404	14,021	14,818	14,392	23,416	29,210	36,563	43,231		56,313	52,981
Cost of revenues:
Total cost of revenues	8,843	8,550	9,002	9,839	11,336	11,978	17,552	23,314	26,394	33,152		42,636	39,445
Product [Member] | Redemption Premium Adjustment [Member]
Revenues:
Total revenues
Cost of revenues:
Total cost of revenues
Product [Member] | Revision of Prior Period, Reclassification, Adjustment [Member]
Revenues:
Total revenues	85	72	104	419	(229)	127	177	(102)	262	318		632	(79)
Cost of revenues:
Total cost of revenues				(59)		(67)		(67)		(126)		(67)	182
Service [Member]
Revenues:
Total revenues	21,010	21,008	20,344	20,115	19,931	18,769	41,352	38,700	62,362	58,815	83,995	78,967	73,058
Cost of revenues:
Total cost of revenues	8,294	7,524	7,276	7,327	7,028	6,784	14,800	13,812	23,094	21,140	$ 30,256	28,350	26,580
Service [Member] | Previously Reported [Member]
Revenues:
Total revenues	21,048	21,038	20,435	20,267	19,776	18,769	41,473	38,545	62,521	58,812		78,844	73,227
Cost of revenues:
Total cost of revenues	8,237	7,467	7,219	7,268	7,028	6,784	14,686	13,812	22,923	21,081		28,350	26,580
Service [Member] | Redemption Premium Adjustment [Member]
Revenues:
Total revenues
Cost of revenues:
Total cost of revenues
Service [Member] | Revision of Prior Period, Reclassification, Adjustment [Member]
Revenues:
Total revenues	(38)	(30)	(91)	(152)	155		(121)	155	(159)	3		123	(169)
Cost of revenues:
Total cost of revenues	$ 57	$ 57	$ 57	$ 59			$ 114		$ 171	$ 59

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended						6 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Statement [Abstract]
Net loss attributable to common stockholders	$ (6,510)	$ (6,170)	$ 1,883	$ (4,189)	$ (2,887)	$ (5,852)	$ (4,286)	$ (8,739)	$ (10,796)	$ (12,930)	$ (17,307)	$ (16,891)	$ (22,068)
Foreign currency translation adjustment	(906)	100	112	16	(1,723)	158	212	(1,565)	(694)	(1,549)	594	(1,601)	(8)
Total other comprehensive income (loss)	(906)	100	112	16	(1,723)	158	212	(1,565)	(694)	(1,549)	594	(1,601)	(8)
Comprehensive loss	$ (7,416)	$ (6,070)	$ 1,995	$ (4,173)	$ (4,610)	$ (5,694)	$ (4,074)	$ (10,304)	$ (11,490)	$ (14,479)	$ (16,713)	$ (18,492)	$ (22,076)

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - USD ($) shares in Thousands, $ in Thousands	Common Stock [Member]	Common Stock [Member] Previously Reported [Member]	Common Stock [Member] Revision of Prior Period, Adjustment [Member]	Additional Paid-in Capital [Member]	Additional Paid-in Capital [Member] Previously Reported [Member]	Additional Paid-in Capital [Member] Revision of Prior Period, Adjustment [Member]	Retained Earnings [Member]	Retained Earnings [Member] Previously Reported [Member]	Retained Earnings [Member] Revision of Prior Period, Adjustment [Member]	AOCI Attributable to Parent [Member]	AOCI Attributable to Parent [Member] Previously Reported [Member]	AOCI Attributable to Parent [Member] Revision of Prior Period, Adjustment [Member]	Treasury Stock, Common [Member]	Treasury Stock, Common [Member] Previously Reported [Member]	Treasury Stock, Common [Member] Revision of Prior Period, Adjustment [Member]	Noncontrolling Interest [Member]	Noncontrolling Interest [Member] Previously Reported [Member]	Noncontrolling Interest [Member] Revision of Prior Period, Adjustment [Member]	Total	Previously Reported [Member]	Revision of Prior Period, Adjustment [Member]
Balance at Dec. 31, 2020	$ 323	$ 323		$ 201,786	$ 206,499	$ (4,713)	$ (121,287)	$ (121,150)	$ (137)	$ 399	$ 399		$ (6,858)	$ (6,858)		$ 75	$ 75		$ 74,438	$ 79,288	$ (4,850)
Balance, shares at Dec. 31, 2020	32,280	32,280
Net loss attributable to common stockholders (As restated)				(9,303)	(4,785)		(12,765)	(13,287)											(22,068)	(18,072)
Net income (loss) attributable to non-controlling interest																(5)			(5)	(5)
Foreign currency translation adjustment										(8)						16			8
Issuance of restricted shares	$ 5			(4)	(4)														1
Issuance of restricted shares, shares	449
Forfeiture of restricted shares	$ (1)																		(1)
Forfeiture of restricted shares, shares	(89)
Vesting of restricted stock units
Forfeiture of restricted shares, shares	39
Shares issued pursuant to exercise of stock options	$ 2			875	875														877
Shares issued pursuant to exercise of stock options, shares	156
Shares withheld pursuant to exercise of stock options													(647)						(647)
Shares withheld pursuant to vesting of restricted stock													(794)						(794)
Common shares issued, net of issuance costs	$ 44			26,822	26,822														26,866
Common shares issued, net of issuance costs, shares	4,428
Stock based compensation				4,676	4,676														4,676
Balance at Dec. 31, 2021	$ 373	$ 373		224,852	234,083		(134,052)	(134,437)		391	391		(8,299)	(8,299)		86	86		83,351	92,197
Balance, shares at Dec. 31, 2021	37,263	37,263
Net loss attributable to common stockholders (As restated)																			(5,852)	(4,124)
Net income (loss) attributable to non-controlling interest																1			1	1
Foreign currency translation adjustment										158						15			173
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
Forfeiture of restricted shares, shares	30
Shares withheld pursuant to exercise of stock options													(181)						(181)
Stock based compensation				775															775
Balance at Mar. 31, 2022	$ 376			223,245			(137,525)			549			(8,480)			102			78,267	88,618
Balance, shares at Mar. 31, 2022	37,570
Balance at Dec. 31, 2021	$ 373	$ 373		224,852	234,083		(134,052)	(134,437)		391	391		(8,299)	(8,299)		86	86		83,351	92,197
Balance, shares at Dec. 31, 2021	37,263	37,263
Net loss attributable to common stockholders (As restated)																			(8,739)	(5,458)
Net income (loss) attributable to non-controlling interest																			2	2
Balance at Jun. 30, 2022	$ 375			222,078			(137,932)			(1,174)			(8,485)			85			74,947	87,185
Balance, shares at Jun. 30, 2022	37,546
Balance at Dec. 31, 2021	$ 373	$ 373		224,852	234,083		(134,052)	(134,437)		391	391		(8,299)	(8,299)		86	86		83,351	92,197
Balance, shares at Dec. 31, 2021	37,263	37,263
Net loss attributable to common stockholders (As restated)																			(12,930)	(8,994)
Net income (loss) attributable to non-controlling interest																			3	3
Balance at Sep. 30, 2022	$ 376			220,558			(139,534)			(1,158)			(8,492)			68			71,818	84,708
Balance, shares at Sep. 30, 2022	37,584
Balance at Dec. 31, 2021	$ 373	$ 373		224,852	234,083		(134,052)	(134,437)		391	$ 391		(8,299)	$ (8,299)		86	$ 86		83,351	92,197
Balance, shares at Dec. 31, 2021	37,263	37,263
Net loss attributable to common stockholders (As restated)				(10,137)	(4,902)		(6,754)	(7,003)											(16,891)	(11,905)
Net income (loss) attributable to non-controlling interest																2			2	2
Foreign currency translation adjustment										(1,601)						(10)			(1,611)
Issuance of restricted shares	$ 5			(5)	(5)
Issuance of restricted shares, shares	492
Forfeiture of restricted shares	$ (2)			2	2
Forfeiture of restricted shares, shares	(186)
Vesting of restricted stock units
Forfeiture of restricted shares, shares	36
Shares withheld pursuant to vesting of restricted stock													(211)						(211)
Stock based compensation				4,343	4,343														4,343
Balance at Dec. 31, 2022	$ 376			219,055	233,521		(140,806)	(141,440)		(1,210)			(8,510)			78			68,983	82,815
Balance, shares at Dec. 31, 2022	37,605
Balance at Mar. 31, 2022	$ 376			223,245			(137,525)			549			(8,480)			102			78,267	88,618
Balance, shares at Mar. 31, 2022	37,570
Net loss attributable to common stockholders (As restated)																			(2,887)	(1,334)
Net income (loss) attributable to non-controlling interest																1			1	1
Foreign currency translation adjustment										(1,723)						(18)			(1,741)
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				1,312															1,312
Balance at Jun. 30, 2022	$ 375			222,078			(137,932)			(1,174)			(8,485)			85			74,947	87,185
Balance, shares at Jun. 30, 2022	37,546
Net loss attributable to common stockholders (As restated)																			(4,189)	(3,535)
Net income (loss) attributable to non-controlling interest																1			1	1
Foreign currency translation adjustment										16						(18)			(2)
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
Balance at Sep. 30, 2022	$ 376			220,558			(139,534)			(1,158)			(8,492)			68			71,818	84,708
Balance, shares at Sep. 30, 2022	37,584
Balance at Dec. 31, 2022	$ 376			219,055	233,521		(140,806)	(141,440)		(1,210)			(8,510)			78			68,983	82,815
Balance, shares at Dec. 31, 2022	37,605
Net loss attributable to common stockholders (As restated)																			1,883	3,494
Net income (loss) attributable to non-controlling interest																(3)			(3)	(3)
Foreign currency translation adjustment										112						(9)			103
Issuance of restricted shares
Issuance of restricted shares, shares	75
Forfeiture of restricted shares
Forfeiture of restricted shares, shares	(59)
Shares withheld pursuant to vesting of restricted stock													(44)						(44)
Stock based compensation				832															832
Balance at Mar. 31, 2023	$ 376			218,473			(135,961)			(1,098)			(8,554)			66			73,302	88,544
Balance, shares at Mar. 31, 2023	37,621
Balance at Dec. 31, 2022	$ 376			219,055	233,521		(140,806)	(141,440)		(1,210)			(8,510)			78			68,983	82,815
Balance, shares at Dec. 31, 2022	37,605
Net loss attributable to common stockholders (As restated)																			(4,286)	(780)
Net income (loss) attributable to non-controlling interest																			3	3
Balance at Jun. 30, 2023	$ 377			216,458			(139,230)			(998)			(8,558)			63			68,112	85,251
Balance, shares at Jun. 30, 2023	37,717
Balance at Dec. 31, 2022	$ 376			219,055	233,521		(140,806)	(141,440)		(1,210)			(8,510)			78			68,983	82,815
Balance, shares at Dec. 31, 2022	37,605
Net loss attributable to common stockholders (As restated)																			(10,796)	(5,749)
Net income (loss) attributable to non-controlling interest																			3	3
Balance at Sep. 30, 2023	$ 387			214,587			(142,778)			(1,904)			(8,648)			63			61,707	80,387
Balance, shares at Sep. 30, 2023	38,699
Balance at Dec. 31, 2022	$ 376			219,055	$ 233,521		(140,806)	$ (141,440)		(1,210)			(8,510)			78			68,983	82,815
Balance, shares at Dec. 31, 2022	37,605
Net loss attributable to common stockholders (As restated)				(11,632)			(5,675)												(17,307)
Net income (loss) attributable to non-controlling interest																35			35
Foreign currency translation adjustment										594						(11)			583
Issuance of restricted shares	$ 13			(13)
Issuance of restricted shares, shares	1,247
Forfeiture of restricted shares	$ (2)			2
Forfeiture of restricted shares, shares	(152)
Shares withheld pursuant to vesting of restricted stock													(141)						(141)
Stock based compensation				3,908															3,908
Retained earnings adjustment for adoption of ASU 2016-13							200												200
Warrant issued in connection with acquisition				1,347															1,347
Exercise of stock options				36															36
Exercise of stock options, shares	16
Balance at Dec. 31, 2023	$ 387			212,703			(146,281)			(616)			(8,651)			102			57,644
Balance, shares at Dec. 31, 2023	38,716
Balance at Mar. 31, 2023	$ 376			218,473			(135,961)			(1,098)			(8,554)			66			73,302	88,544
Balance, shares at Mar. 31, 2023	37,621
Net loss attributable to common stockholders (As restated)																			(6,170)	(4,274)
Net income (loss) attributable to non-controlling interest																6			6	6
Foreign currency translation adjustment										100						(9)			91
Issuance of restricted shares	$ 1			(1)
Issuance of restricted shares, shares	162
Forfeiture of restricted shares
Forfeiture of restricted shares, shares	(82)
Shares issued pursuant to exercise of stock options				36															36
Shares issued pursuant to exercise of stock options, shares	16
Shares withheld pursuant to vesting of restricted stock													(4)						(4)
Stock based compensation				852															852
Balance at Jun. 30, 2023	$ 377			216,458			(139,230)			(998)			(8,558)			63			68,112	85,251
Balance, shares at Jun. 30, 2023	37,717
Net loss attributable to common stockholders (As restated)																			(6,510)	(4,969)
Net income (loss) attributable to non-controlling interest
Foreign currency translation adjustment										(906)									(906)
Issuance of restricted shares	$ 10			(10)
Issuance of restricted shares, shares	982
Forfeiture of restricted shares
Shares withheld pursuant to vesting of restricted stock													(90)						(90)
Stock based compensation				1,101															1,101
Exercise of stock options
Balance at Sep. 30, 2023	$ 387			$ 214,587			$ (142,778)			$ (1,904)			$ (8,648)			$ 63			$ 61,707	$ 80,387
Balance, shares at Sep. 30, 2023	38,699

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash flows from operating activities:
Net loss	$ (5,675)	$ (6,754)	$ (12,766)
Adjustments to reconcile net loss to cash (used in) provided by operating activities:
Non-controlling interest	35	2	(5)
Gain on bargain purchase	(9,034)
Inventory reserve	1,500	149	(22)
Stock based compensation expense	3,908	4,343	4,676
Depreciation and amortization	9,445	8,262	8,553
Right-of-use assets, non-cash lease expense	2,814	2,756	2,908
Bad debt expense	1,767	66	997
Deferred income taxes	(6)	708	1,888
Other non-cash items	103	707	305
Changes in:
Accounts receivable	(1,460)	(1,368)	(9,549)
Inventory	(1,743)	(4,473)	(5,943)
Prepaid expenses and other assets	791	(816)	(2,860)
Deferred costs	679	1,608	2,990
Deferred revenue	(295)	(627)	(1,767)
Accounts payable and accrued expenses	4,440	(533)	8,140
Lease liabilities	(2,851)	(2,739)	(2,790)
Accrued severance payable, net	(21)	(42)	(145)
Net cash (used in) provided by operating activities	4,397	1,249	(5,390)
Cash flows from investing activities:
Acquisitions, net of cash assumed	8,722
Purchase of investments	(100)	(100)
Capitalized software development costs	(3,629)	(2,219)	(627)
Capital expenditures	(3,464)	(4,011)	(2,400)
Net cash (used in) provided by investing activities	1,529	(6,330)	(3,027)
Cash flows from financing activities:
Net proceeds from stock offering			26,867
Repayment of long-term debt	(4,408)	(5,659)	(5,571)
Short-term bank debt, net	4,321	5,709	(270)
Purchase of treasury stock upon vesting of restricted stock	(141)	(211)	(794)
Repayment of financing lease	(129)	(121)	(138)
Payment of preferred stock dividend	(3,385)		(4,112)
Proceeds from exercise of stock options, net	36		229
Net cash (used in) provided by financing activities	(3,706)	(282)	16,211
Effect of foreign exchange rate changes on cash and cash equivalents	(877)	(3,408)	531
Net increase (decrease) in cash, cash equivalents and restricted cash	1,343	(8,771)	8,325
Cash, cash equivalents, and restricted cash, beginning of year	17,989	26,760	18,435
Cash, cash equivalents, and restricted cash, end of year	19,332	17,989	26,760
Reconciliation of cash, cash equivalents, and restricted cash, beginning of year
Cash and cash equivalents	17,680	26,452	18,127
Restricted cash	309	308	308
Reconciliation of cash, cash equivalents, and restricted cash, end of year
Cash and cash equivalents	19,022	17,680	26,452
Restricted cash	310	309	308
Cash paid for:
Taxes	175	63	58
Interest	1,656	1,308	1,474
Noncash investing and financing activities:
Value of shares withheld pursuant to exercise of stock options			647
Value of warrant issued in connection with Movingdots acquisition	1,347
Value of licensed intellectual property acquired in connection with Movingdots acquisition	1,517
Preferred stock dividends paid in shares	$ 1,108	$ 4,231

DESCRIPTION OF BUSINESS AND LIQ

DESCRIPTION OF BUSINESS AND LIQUIDITY	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
DESCRIPTION OF BUSINESS AND LIQUIDITY	NOTE 1 - DESCRIPTION OF BUSINESS AND LIQUIDITY 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. 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 pursuant to which the Company acquired Pointer Telocation Ltd. (the “Pointer Merger”) and commenced operations on October 3, 2019, upon the closing of the Pointer Merger. Impact of Macroeconomic Conditions and Supply Chain Disruptions Higher interest rates and inflation, fluctuations in currency values, and the conflicts between Russia and Ukraine and between Israel and Hamas In addition, the Company has experienced a significant impact to its supply chain given the challenges stemming from ongoing macroeconomic conditions, 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 beginning in 2022 to ensure supply. The Company incurred supply chain constraint expenses which lowered its gross margins and decreased its profitability primarily during the last six months of 2021 and first nine months of 2022. The supply chain disruptions 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 is 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 audited consolidated financial statements, the full extent to which global economic conditions and geopolitical conflicts may materially impact the Company’s business, results of operations and financial condition is uncertain. Liquidity As of December 31, 2023, the Company had cash (including restricted cash) and cash equivalents of $ 19,300 23,500 In addition, the Company’s subsidiaries, Powerfleet Israel Ltd. (“Powerfleet Israel”) and Pointer Telocation Ltd. (“Pointer” and, together with Powerfleet Israel, the “Borrowers”) were party to a Credit Agreement (the “Prior Credit Agreement”) with Bank Hapoalim B.M. (“Hapoalim”), pursuant to which Hapoalim provided Powerfleet Israel with two senior secured term loan facilities denominated in New Israeli Shekels (“NIS”) in an initial aggregate principal amount of $ 30,000 20,000 10,000 five-year revolving credit facility to Pointer in an initial aggregate principal amount of $ 10,000 4,915 1,355 On March 18, 2024, the Borrowers entered into an amended and restated credit agreement (the “A&R Credit Agreement”), which refinanced the facilities under, and amended and restated, the Prior Credit Agreement. The A&R Credit Agreement provides for (i) two senior secured term loan facilities denominated in NIS to Powerfleet Israel in an aggregate principal amount of $ 30,000 20,000 10,000 20,000 10,000 10,000 30,000 11,200 On April 2, 2024, the Company consummated the transactions contemplated by the Implementation Agreement, dated as of October 10, 2023 (the “Implementation Agreement”), that the Company entered into with Main Street 2000 Proprietary Limited, a private company incorporated in the Republic of South Africa and a wholly owned subsidiary of the Company, and MiX Telematics Limited, a public company incorporated under the laws of the Republic of South Africa (“MiX Telematics”), pursuant to which MiX Telematics became an indirect, wholly owned subsidiary of the Company (the “MiX Combination”). The Implementation Agreement required, as a condition to closing of the MiX Combination, that the Company obtain a debt and/or equity financing in an amount sufficient to provide for the redemption in full of all outstanding shares of the Company’s Series A Convertible Preferred Stock (“Series A Preferred Stock”). In order to meet this condition, the Company entered into a facilities agreement (the “Facilities Agreement”) with FirstRand Bank Limited (acting through its Rand Merchant Bank division) (“RMB”) on March 7, 2024 and shortly thereafter drew down $ 85,000 in cash under the Facilities Agreement. On April 2, 2024, concurrently with the closing of the MiX Combination, the Company used the net proceeds received from RMB and from incremental borrowing capacity as a result of the refinancing of credit facilities with Hapoalim to redeem in full $ 90,300 See Note 20 for additional information on the financings that occurred after the year ended December 31, 2023. Management believes the Company’s cash and cash equivalents of $ 19.3

RESTATEMENT OF CONSOLIDATED FIN

RESTATEMENT OF CONSOLIDATED FINANCIAL STATEMENTS	12 Months Ended
	Dec. 31, 2023
Accounting Changes and Error Corrections [Abstract]
RESTATEMENT OF CONSOLIDATED FINANCIAL STATEMENTS	NOTE 2 – RESTATEMENT OF CONSOLIDATED FINANCIAL STATEMENTS Description of Restatement Adjustments In connection with the preparation of the Company’s audited consolidated financial statements for the year ended December 31, 2023, the Company determined that the accounting for the redemption premium associated with the Series A Preferred Stock was understated resulting in an understatement of “net loss attributable to common stockholders” and “net loss per share attributable to common stockholders” for each period, an understatement of the value of the convertible redeemable preferred stock as of each balance sheet date, and an overstatement of the additional paid-in capital as of each balance sheet date. The required adjustments to correct the redemption value of the calculation of the Series A Preferred Stock and the related accretion of the value of the preferred stock in the consolidated statement of operations include the recording of a non-cash accretion resulting in an increase in the net loss attributable to common stockholders, an increase in the “convertible redeemable preferred stock”, and a decrease of “additional paid-in capital” for all annual and interim periods in fiscal years 2021, 2022, and through September 30, 2023. The correction of the error results in reporting the value of the convertible preferred stock including the accretion to the redemption value from the date of original issuance through each balance sheet date applying the interest method. The Company determined that it is appropriate to restate the financial statements for the fiscal years ended December 31, 2021 and 2022 and each of the interim periods during the 2022 and 2023 fiscal years included in this Annual Report on Form 10-K in addition to correcting other unrelated immaterial errors that were previously either unrecorded or recorded as out-of-period adjustments. The following tables present the impact of all of these adjustments on the Company’s previously reported consolidated financial statements. The “As Reported” amounts in the following tables are amounts derived from the Company’s previously filed Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q. The amounts in the columns labeled “Redemption Premium Adjustment” represent the effect of adjustments resulting from the correction of the understatement of the Company’s net loss attributable to common stockholders and net loss per share attributable to common stockholders for each period for each period, as well as the impact of the cumulative amount on the value of the convertible redeemable preferred stock and additional paid-in capital as of each balance sheet date. The amounts in the columns labeled “Other Adjustments” represent the effect of other adjustments that relate to other unrelated errors in previously filed financial statements that were not material, individually or in the aggregate, to such filed financial statements. The effects of the restatement have been corrected in all impacted tables and footnotes throughout these consolidated financial statements. Consolidation Financial Statements – Restatement Reconciliation Tables SCHEDULE OF CONSOLIDATION FINANCIAL STATEMENTS Audited Financial Statements The following table presents the impact of the financial statement adjustments on the Company’s previously reported Consolidated Balance Sheet as of December 31, 2022: December 31, 2022 (As restated) As Reported Redemption Premium Adjustment Other Adjustments As ASSETS Current assets: Cash and cash equivalents $ 17,680 $ - $ - $ 17,680 Restricted cash 309 - - 309 Accounts receivable 32,493 - 154 32,647 Inventory, net 22,272 - - 22,272 Deferred costs - current 762 - - 762 Prepaid expenses and other current assets 7,709 - (173 ) 7,536 Total current assets 81,225 - (19 ) 81,206 Deferred costs less current portion - - - - Fixed assets, net 9,249 - - 9,249 Goodwill 83,487 - - 83,487 Intangible assets, net 22,908 - - 22,908 Right of use asset 7,820 - - 7,820 Severance payable fund 3,760 - - 3,760 Deferred tax asset 3,225 - 83 3,308 Other assets 5,761 - 557 6,318 Total assets $ 217,435 $ - $ 621 $ 218,056 LIABILITIES Current liabilities: Short-term bank debt and current maturities of long-term debt $ 10,312 $ - $ - $ 10,312 Convertible note payable - - - - Accounts payable and accrued expenses 26,598 - (1,201 ) 25,397 Deferred revenue - current 6,363 - 13 6,376 Lease liability - current 2,441 - - 2,441 Total current liabilities 45,714 - (1,188 ) 44,526 Long-term debt - less current maturities 11,403 - - 11,403 Deferred revenue - less current portion 4,390 - 41 4,431 Lease liability - less current portion 5,628 - - 5,628 Accrued severance payable 4,365 - - 4,365 Deferred tax liability 4,919 - (18 ) 4,901 Other long-term liabilities 636 - 1,152 1,788 Total liabilities 77,055 - (13 ) 77,042 Commitments and Contingencies (note 19) Convertible redeemable preferred stock 57,565 14,466 - 72,031 Preferred stock - - - - Common stock 376 - - 376 Additional paid-in capital 233,521 (14,466 ) - 219,055 Accumulated deficit (141,440 ) - 634 (140,806 ) Accumulated other comprehensive loss (1,210 ) - - (1,210 ) Treasury stock (8,510 ) - - (8,510 ) STOCKHOLDERS’ EQUITY Total Powerfleet, Inc. stockholders’ equity 82,737 (14,466 ) 634 68,905 Non-controlling interest 78 - - 78 Total equity 82,815 (14,466 ) 634 68,983 Total liabilities, convertible redeemable preferred stock, and stockholders’ equity $ 217,435 $ - $ 621 $ 218,056 The following table presents the impact of the financial statement adjustments on the Company’s previously reported Consolidated Statement of Operations for the year ended December 31, 2021: Year Ended December 31, 2021 (As restated) As Reported Redemption Premium Adjustment Other As Revenues: Products $ 52,981 $ - $ (79 ) $ 52,902 Services 73,227 - (169 ) 73,058 Total revenues 126,208 - (248 ) 125,960 Cost of revenues: Cost of products 39,445 - 182 39,627 Cost of services 26,580 - - 26,580 Total cost of revenues 66,025 - 182 66,207 Gross profit 60,183 - (430 ) 59,753 Operating expenses: Selling, general and administrative expenses 57,100 - (604 ) 56,496 Research and development expenses 11,058 - 371 11,429 Total operating expenses 68,158 - (233 ) 67,925 Loss from operations (7,975 ) - (197 ) (8,172 ) Interest income 45 - - 45 Interest expense, net (2,764 ) - - (2,764 ) Bargain purchase – Movingdots - - - - Other (expense) income, net 8 - - 8 Net loss before income taxes (10,686 ) - (197 ) (10,883 ) Income tax (expense) benefit (2,607 ) - 719 (1,888 ) Net loss before non-controlling interest (13,293 ) - 522 (12,771 ) Non-controlling interest 5 - - 5 Net loss (13,288 ) - 522 (12,766 ) Accretion of preferred stock (672 ) (4,518 ) - (5,190 ) Preferred stock dividends (4,112 ) - - (4,112 ) Net loss attributable to common stockholders $ (18,072 ) $ (4,518 ) $ 522 $ (22,068 ) Net loss per share attributable to common $ (0.52 ) $ (0.13 ) $ 0.02 $ (0.64 ) Weighted average common shares outstanding – basic and diluted 34,571 34,571 34,571 34,571 The following table presents the impact of the financial statement adjustments on the Company’s previously reported Consolidated Statement of Operations for the year ended December 31, 2022: Year Ended December 31, 2022 (As restated) As Reported Redemption Premium Adjustment Other As Revenues: Products $ 56,313 $ - $ 632 $ 56,945 Services 78,844 - 123 78,967 Total revenues 135,157 - 755 135,912 Cost of revenues: Cost of products 42,636 - (67 ) 42,569 Cost of services 28,350 - - 28,350 Total cost of revenues 70,986 - (67 ) 70,919 Gross profit 64,171 - 822 64,993 Operating expenses: Selling, general and administrative expenses 63,001 - 491 63,492 Research and development expenses 8,964 - (492 ) 8,472 Total operating expenses 71,965 - (1 ) 71,964 Loss from operations (7,794 ) - 823 (6,971 ) Interest income 71 - - 71 Interest expense, net 994 - - 994 Bargain purchase – Movingdots - - - - Other (expense) income, net 24 - - 24 Net loss before income taxes (6,705 ) - 823 (5,882 ) Income tax (expense) benefit (296 ) - (574 ) (870 ) Net loss before non-controlling interest (7,001 ) - 249 (6,752 ) Non-controlling interest (2 ) - - (2 ) Net loss (7,003 ) - 249 (6,754 ) Accretion of preferred stock (671 ) (5,235 ) - (5,906 ) Preferred stock dividends (4,231 ) - - (4,231 ) Net loss attributable to common stockholders $ (11,905 ) $ (5,235 ) $ 249 $ (16,891 ) Net loss per share attributable to common stockholders – basic and diluted $ (0.34 ) $ (0.15 ) $ 0.01 $ (0.48 ) Weighted average common shares outstanding – basic and diluted 35,393 35,393 35,393 35,393 The following table presents the impact of the financial statement adjustments on the Company’s previously reported Consolidated Statements of Changes in Stockholders’ Equity for the years ended December 31, 2021 and 2022, respectively: CORRECTED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY As Reported Redemption premium adjustment Other Adjustments As Restated As Reported Redemption premium adjustment Other Adjustments As Restated Additional Paid-In Capital Accumulated Deficit CORRECTED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY As Reported Redemption premium adjustment Other Adjustments As Restated As Reported Redemption premium adjustment Other Adjustments As Restated Balance at December 31, 2020 $ 206,499 $ (4,713 ) $ - $ 201,786 $ (121,150 ) $ - $ (137 ) $ (121,287 ) Net loss attributable to common stockholders (4,785 ) (4,518 ) - (9,303 ) (13,287 ) - 522 (12,765 ) Issuance of restricted shares (4 ) - - (4 ) - - - - Shares issued pursuant to exercise of stock options 875 - - 875 - - - - Common shares issued, net of issuance costs 26,822 - - 26,822 - - - - Stock based compensation 4,676 - - 4,676 - - - - Balance at December 31, 2021 $ 234,083 $ (9,231 ) $ - $ 224,852 $ (134,437 ) $ - $ 385 $ (134,052 ) Net loss attributable to common stockholders (4,902 ) (5,235 ) - (10,137 ) (7,003 ) - 249 (6,754 ) Issuance of restricted shares (5 ) - - (5 ) - - - - Forfeiture of restricted shares 2 - - 2 - - - - Stock based compensation 4,343 - - 4,343 - - - - Balance at December 31, 2022 $ 233,521 $ (14,466 ) $ - $ 219,055 $ (141,440 ) $ - $ 634 $ (140,806 ) The following table presents the impact of the financial statement adjustments on the Company’s previously reported Consolidated Statement of Comprehensive Loss for the years ended December 31, 2021 and 2022, respectively: Year Ended December 31, 2021 (As restated) 2022 (As restated) As Redemption Other As As Redemption Other As Net loss attributable to common stockholders $ (18,072 ) $ (4,518 ) $ 522 $ (22,068 ) $ (11,905 ) $ (5,235 ) $ 249 $ (16,891 ) Foreign currency translation adjustment (8 ) - - (8 ) (1,601 ) - - (1,601 ) Total other comprehensive loss (8 ) - - (8 ) (1,601 ) - - (1,601 ) Comprehensive loss $ (18,080 ) $ (4,518 ) $ 522 $ (22,076 ) $ (13,506 ) $ (5,235 ) $ 249 $ (18,492 ) The following table presents the impact of the financial statement adjustments on the Company’s previously reported Consolidated Statement of Cash Flows for the year ended December 31, 2021: As Reported Other As Year Ended December 31, 2021 (As restated) As Reported Other As Cash flows from operating activities Net loss $ (13,288 ) $ 522 $ (12,766 ) Adjustments to reconcile net loss to cash (used in) provided by operating activities: Non-controlling interest (5 ) - (5 ) Gain on bargain purchase - - - Inventory reserve (22 ) - (22 ) Stock based compensation expense 4,676 - 4,676 Depreciation and amortization 8,553 - 8,553 Right-of-use assets, non-cash lease expense 2,859 49 2,908 Bad debt expense 1,442 (445 ) 997 Deferred income taxes 2,607 (719 ) 1,888 Other non-cash items 305 - 305 Changes in: Accounts receivable (9,643 ) 94 (9,549 ) Inventory (6,058 ) 115 (5,943 ) Prepaid expenses and other assets (2,918 ) 58 (2,860 ) Deferred costs 3,349 (359 ) 2,990 Deferred revenue (2,290 ) 523 (1,767 ) Accounts payable and accrued expenses 8,300 (160) 8,140 Lease liabilities (2,741 ) (49 ) (2,790 ) Accrued severance payable, net (145 ) - (145 ) Net cash used in operating activities (5,019 ) (371 ) (5,390 ) Cash flows from investing activities: Acquisitions, net of cash assumed - - - Purchase of investments - - - Capitalized software development costs (627 ) - (627 ) Capital expenditures (2,771 ) 371 (2,400 ) Net cash (used in) provided by investing activities (3,398 ) 371 (3,027 ) Cash flows from financing activities: Net proceeds from stock offering 26,867 - 26,867 Repayment of long-term debt (5,571 ) - (5,571 ) Repayment of financing lease (138 ) - (138 ) Short-term bank debt, net (270 ) - (270 ) Purchase of treasury stock upon vesting of restricted stock (794 ) - (794 ) Payment of preferred stock dividend (4,112 ) - (4,112 ) Proceeds from exercise of stock options, net 229 - 229 Net cash used in financing activities 16,211 - 16,211 Effect of foreign exchange rate changes on cash and cash equivalents 531 - 531 Net increase in cash, cash equivalents and restricted cash 8,325 - 8,325 Cash, cash equivalents and restricted cash – beginning of period 18,435 - 18,435 Cash, cash equivalents and restricted cash – end of period $ 26,760 $ - $ 26,760 Reconciliation of cash, cash equivalents, and restricted cash, beginning of period Cash and cash equivalents 18,127 - 18,127 Restricted cash 308 - 308 Cash, cash equivalents, and restricted cash, beginning of period $ 18,435 $ - $ 18,435 Reconciliation of cash, cash equivalents, and restricted cash, end of period Cash and cash equivalents 26,452 - 26,452 Restricted cash 308 - 308 Cash, cash equivalents, and restricted cash, end of period $ 26,760 $ - $ 26,760 Supplemental disclosure of cash flow information: Cash paid for: Taxes 58 - 58 Interest 1,474 - 1,474 Noncash investing and financing activities: Value of shares withheld pursuant to exercise of stock options $ 647 $ - $ 647 The following table presents the impact of the financial statement adjustments on the Company’s previously reported Consolidated Statement of Cash Flows for the year ended December 31, 2022: Cash flows from operating activities As Reported Other As Year Ended December 31, 2022 (As restated) Cash flows from operating activities As Reported Other As Net loss $ (7,003 ) $ 249 $ (6,754 ) Adjustments to reconcile net loss to cash (used in) provided by operating activities: Non-controlling interest 2 - 2 Gain on bargain purchase - - - Inventory reserve 149 - 149 Stock based compensation expense 4,343 - 4,343 Depreciation and amortization 8,262 - 8,262 Right-of-use assets, non-cash lease expense 2,756 - 2,756 Bad debt expense 66 - 66 Deferred income taxes 134 574 708 Other non-cash items 707 - 707 Changes in: Accounts receivable (1,638 ) 270 (1,368 ) Inventory (4,473 ) - (4,473 ) Prepaid expenses and other assets (374 ) (442 ) (816 ) Deferred costs 1,249 359 1,608 Deferred revenue (158 ) (469 ) (627 ) Accounts payable and accrued expenses (484 ) (49 ) (533 ) Lease liabilities (2,739 ) - (2,739 ) Accrued severance payable, net (42 ) - (42 ) Net cash provided by operating activities 757 492 1,249 Cash flows from investing activities: Acquisitions, net of cash assumed - - - Purchase of investments (100 ) - (100 ) Capitalized software development costs (2,219 ) - (2,219 ) Capital expenditures (3,519 ) (492 ) (4,011 ) Net cash used in investing activities (5,838 ) (492 ) (6,330 ) Cash flows from financing activities: Net proceeds from stock offering - - - Repayment of long-term debt (5,659 ) - (5,659 ) Repayment of financing lease (121 ) - (121 ) Short-term bank debt, net 5,709 - 5,709 Purchase of treasury stock upon vesting of restricted stock (211 ) - (211 ) Payment of preferred stock dividend - - - Proceeds from exercise of stock options, net - - - Net cash used in financing activities (282 ) - (282 ) Effect of foreign exchange rate changes on cash and cash equivalents (3,408 ) - (3,408 ) Net decrease in cash, cash equivalents and restricted cash (8,771 ) - (8,771 ) Cash, cash equivalents and restricted cash – beginning of period 26,760 - 26,760 Cash, cash equivalents and restricted cash – end of period $ 17,989 $ - $ 17,989 Reconciliation of cash, cash equivalents, and restricted cash, beginning of period Cash and cash equivalents 26,452 - 26,452 Restricted cash 308 - 308 Cash, cash equivalents, and restricted cash, beginning of period $ 26,760 $ - $ 26,760 Reconciliation of cash, cash equivalents, and restricted cash, end of period Cash and cash equivalents 17,680 - 17,680 Restricted cash 309 - 309 Cash, cash equivalents, and restricted cash, end of period $ 17,989 $ - $ 17,989 Supplemental disclosure of cash flow information: Cash paid for: Taxes 63 - 63 Interest 1,308 - 1,308 Noncash investing and financing activities: Preferred stock dividends paid in shares $ 4,231 $ -- $ 4,231 Unaudited Financial Statements The following table presents the impact of the financial statement adjustments on the Company’s previously reported unaudited Consolidated Balance Sheet as of March 31, 2022: As Reported Redemption Premium Adjustment Adjustments Corrected March 31, 2022 (As restated) As Reported Redemption Premium Adjustment Other As ASSETS Current assets: Cash and cash equivalents $ 20,559 $ - $ - $ 20,559 Restricted cash 308 - - 308 Accounts receivable 31,861 - 55 31,916 Inventory, net 20,313 - - 20,313 Deferred costs – current 1,416 - - 1,416 Prepaid expenses and other current assets 10,716 - - 10,716 Total current assets 85,173 - 55 85,228 Deferred costs less current portion 224 - - 224 Fixed assets, net 8,532 - - 8,532 Goodwill 83,487 - - 83,487 Intangible assets, net 24,848 - - 24,848 Right of use asset 9,597 - - 9,597 Severance payable fund 4,282 - - 4,282 Deferred tax asset 4,977 - - 4,977 Other assets 4,778 - 91 4,869 Total assets $ 225,898 $ - $ 146 $ 226,044 LIABILITIES Current liabilities: Short-term bank debt and current maturities of long-term debt $ 6,006 $ - $ - $ 6,006 Convertible note payable - - - - Accounts payable and accrued expenses 28,777 - (814 ) 27,963 Deferred revenue current 7,168 - 97 7,265 Lease liability – current 2,718 - - 2,718 Total current liabilities 44,669 - (717 ) 43,952 Long-term debt – less current maturities 16,258 - - 16,258 Deferred revenue – less current portion 4,466 - - 4,466 Lease liability – less current portion 7,128 - - 7,128 Accrued severance payable 4,857 - - 4,857 Deferred tax liability 5,305 - (14 5,291 Other long-term liabilities 738 - 814 1,552 Total liabilities 83,421 - 83 83,504 Commitments and Contingencies (note 19) Convertible redeemable preferred stock 53,859 10,414 - 64,273 STOCKHOLDERS’ EQUITY Preferred stock - - - - Common stock 376 - - 376 Additional paid-in capital 233,342 (10,414 ) 317 223,245 Accumulated deficit (137,366 ) - (159 ) (137,525 ) Accumulated other comprehensive loss 644 - (95 ) 549 Treasury stock (8,480 ) - - (8,480 ) Total Powerfleet, Inc. stockholders’ equity 88,516 (10,414 ) 63 78,165 Non-controlling interest 102 - - 102 Total equity 88,618 (10,414 ) 63 78,267 Total liabilities, convertible redeemable preferred stock, and stockholders’ equity $ 225,898 $ - $ 146 $ 226,044 The following table presents the impact of the financial statement adjustments on the Company’s previously reported unaudited Consolidated Balance Sheet as of June 30, 2022: June 30, 2022 (As restated) As Reported Redemption Premium Adjustment Other As ASSETS Current assets: Cash and cash equivalents $ 17,703 $ - $ - $ 17,703 Restricted cash 309 - - 309 Accounts receivable 33,491 - (3 ) 33,488 Inventory, net 23,540 - - 23,540 Deferred costs – current 1,315 - - 1,315 Prepaid expenses and other current assets 9,020 - (78 ) 8,942 Total current assets 85,378 - (81 ) 85,297 Deferred costs less current portion - - - - Fixed assets, net 8,333 - - 8,333 Goodwill 83,487 - - 83,487 Intangible assets, net 24,022 - - 24,022 Right of use asset 8,463 - - 8,463 Severance payable fund 3,610 - - 3,610 Deferred tax asset 4,395 - (448 ) 3,947 Other assets 5,063 - (41 ) 5,022 Total assets $ 222,751 $ - $ (570 ) $ 222,181 LIABILITIES Current liabilities: Short-term bank debt and current maturities of long-term debt $ 7,794 $ - $ - $ 7,794 Convertible note payable - - - - Accounts payable and accrued expenses 29,233 - (997 ) 28,236 Deferred revenue – current 7,331 - - 7,331 Lease liability – current 2,494 - - 2,494 Total current liabilities 46,852 - (997 ) 45,855 Long-term debt – less current maturities 13,408 - - 13,408 Deferred revenue – less current portion 4,139 - - 4,139 Lease liability – less current portion 6,237 - - 6,237 Accrued severance payable 4,118 - - 4,118 Deferred tax liability 5,091 - (10 ) 5,081 Other long-term liabilities 647 - 997 1,644 - Total liabilities 80,492 - (10 ) 80,482 Commitments and Contingencies (note 19) Convertible redeemable preferred stock 55,074 11,678 - 66,752 STOCKHOLDERS’ EQUITY Preferred stock - - - - Common stock 375 - - 375 Additional paid-in capital 233,756 (11,678 ) - 222,078 Accumulated deficit (137,484 ) - (448 ) (137,932 ) Accumulated other comprehensive loss (1,062 ) - (112 ) (1,174 ) Treasury stock (8,485 ) - - (8,485 ) Total Powerfleet, Inc. stockholders’ equity 87,100 (11,678 ) (560 ) 74,862 Non-controlling interest 85 - - 85 Total equity 87,185 (11,678 ) (560 ) 74,947 Total liabilities, convertible redeemable preferred stock, and stockholders’ equity $ 222,751 $ - $ (570 ) $ 222,181 The following table presents the impact of the financial statement adjustments on the Company’s previously reported unaudited Consolidated Balance Sheet as of September 30, 2022: September 30, 2022 (As restated) As Reported Redemption Premium Adjustment Other As ASSETS Current assets: Cash and cash equivalents $ 16,703 $ - $ - $ 16,703 Restricted cash 309 - - 309 Accounts receivable 33,352 - 39 33,391 Inventory, net 23,572 - - 23,572 Deferred costs - current 1,025 - - 1,025 Prepaid expenses and other current assets 8,868 - (78 ) 8,790 Total current assets 83,829 - (39 ) 83,790 Deferred costs less current portion - - - - Fixed assets, net 8,994 - - 8,994 Goodwill 83,487 - - 83,487 Intangible assets, net 23,312 - - 23,312 Right of use asset 7,999 - - 7,999 Severance payable fund 3,614 - - 3,614 Deferred tax asset 3,740 - - 3,740 Other assets 5,086 - 184 5,270 Total assets $ 220,061 $ - $ 145 $ 220,206 LIABILITIES Current liabilities: Short-term bank debt and current maturities of long-term debt $ 9,366 $ - $ - $ 9,366 Convertible note payable - - - - Accounts payable and accrued expenses 28,818 - (1,114 ) 27,704 Deferred revenue - current 6,523 - - 6,523 Lease liability - current 2,464 - - 2,464 Total current liabilities 47,171 - (1,114 ) 46,057 Long-term debt - less current maturities 11,914 - - 11,914 Deferred revenue - less current portion 4,208 - - 4,208 Lease liability - less current portion 5,793 - - 5,793 Accrued severance payable 4,148 - - 4,148 Deferred tax liability 5,182 - (9 ) 5,173 Other long-term liabilities 628 - 1,126 1,754 Total liabilities 79,044 - 3 79,047 Commitments and Contingencies (note 19) Convertible redeemable preferred stock 56,309 13,032 - 69,341 STOCKHOLDERS’ EQUITY Preferred stock - - - - Common stock 376 - - 376 Additional paid-in capital 233,590 (13,032 ) - 220,558 Accumulated deficit (139,784 ) - 250 (139,534 ) Accumulated other comprehensive loss (1,050 ) - (108 ) (1,158 ) Treasury stock (8,492 ) - - (8,492 ) Total Powerfleet, Inc. stockholders’ equity 84,640 (13,032 ) 142 71,750 Non-controlling interest 68 - - 68 Total equity 84,708 (13,032 ) 142 71,818 Total liabilities, convertible redeemable preferred stock, and stockholders’ equity $ 220,061 $ - $ 145 $ 220,206 The following table presents the impact of the financial statement adjustments on the Company’s previously reported unaudited Consolidated Balance Sheet as of March 31, 2023: March 31, 2023 (As restated) As Reported Redemption Premium Adjustment Other As ASSETS Current assets: Cash and cash equivalents $ 24,780 $ - $ - $ 24,780 Restricted cash 309 - - 309 Accounts receivable 31,442 - 145 31,587 Inventory, net 22,649 - - 22,649 Deferred costs – current 523 - - 523 Prepaid expenses and other current assets 7,959 - - 7,959 Total current assets 87,662 - 145 87,807 Deferred costs less current portion - - - - Fixed assets, net 9,953 - (12 ) 9,941 Goodwill 83,487 - - 83,487 Intangible assets, net 22,328 - (45 ) 22,283 Right of use asset 7,332 - - 7,332 Severance payable fund 3,684 - - 3,684 Deferred tax asset 2,496 - 97 2,593 Other assets 5,984 - 658 6,642 Total assets $ 222,926 $ - $ 843 $ 223,769 LIABILITIES Current liabilities: Short-term bank debt and current maturities of long-term debt $ 9,359 $ - $ - $ 9,359 Convertible note payable - - - - Accounts payable and accrued expenses 27,682 - (1,446 ) 26,236 Deferred revenue – current 6,327 - 33 6,360 Lease liability – current 2,481 - - 2,481 Total current liabilities 45,849 - (1,413 ) 44,436 Long-term debt – less current maturities 10,638 - - 10,638 Deferred revenue – less current portion 4,378 - 109 4,487 Lease liability – less current portion 5,065 - - 5,065 Accrued severance payable 4,396 - - 4,396 Deferred tax liability 4,593 - (9 ) 4,584 Other long-term liabilities 623 - 1,446 2,069 Total liabilities 75,542 - 133 75,675 Commitments and Contingencies (note 19) Convertible redeemable preferred stock 58,840 15,952 - 74,792 STOCKHOLDERS’ EQUITY Preferred stock - - - - Common stock 376 - - 376 Additional paid-in capital 234,425 (15,952 ) - 218,473 Accumulated deficit (136,671 ) - 710 (135,961 ) Accumulated other comprehensive loss (1,098 ) - - (1,098 ) Treasury stock (8,554 ) - - (8,554 ) Total Powerfleet, Inc. stockholders’ equity 88,478 (15,952 ) 710 73,236 Non-controlling interest 66 - - 66 Total equity 88,544 (15,952 ) 710 73,302 Total liabilities, convertible redeemable preferred stock, and stockholders’ equity $ 222,926 $ - $ 843 $ 223,769 The following table presents the impact of the financial statement adjustments on the Company’s previously reported unaudited Consolidated Balance Sheet as of June 30, 2023: June 30, 2023 (As restated) As Reported Redemption Premium Adjustment Other As ASSETS Current assets: Cash and cash equivalents $ 21,729 $ - $ - $ 21,729 Restricted cash 309 - - 309 Accounts receivable 31,318 - (39 ) 31,279 Inventory, net 22,125 - - 22,125 Deferred costs – current 338 - - 338 Prepaid expenses and other current assets 7,298 - - 7,298 Total current assets 83,117 - (39 ) 83,078 Deferred costs less current portion - - - - Fixed assets, net 10,226 - (65 ) 10,161 Goodwill 83,487 - - 83,487 Intangible assets, net 21,871 - (91 ) 21,780 Right of use asset 6,936 - - 6,936 Severance payable fund 3,566 - - 3,566 Deferred tax asset 1,942 - 97 2,039 Other assets 6,131 - 625 6,756 Total assets $ 217,276 $ - $ 527 $ 217,803 LIABILITIES Current liabilities: Short-term bank debt and current maturities of long-term debt $ 11,197 $ - $ - $ 11,197 Convertible note payable - - - - Accounts payable and accrued expenses 24,960 - (1,571 ) 23,389 Deferred revenue – current 6,193 - 37 6,230 Lease liability – current 2,448 - - 2,448 Total current liabilities 44,798 - (1,534 ) 43,264 Long-term debt – less current maturities 9,940 - - 9,940 Deferred revenue – less current portion 4,582 - 126 4,708 Lease liability – less current portion 4,715 - - 4,715 Accrued severance payable 4,284 - - 4,284 Deferred tax liability 4,030 - (54 ) 3,976 Other long-term liabilities 668 - 1,571 2,239 Total liabilities 73,017 - 109 73,126 Commitments and Contingencies (note 19) Convertible redeemable preferred stock 59,008 17,557 - 76,565 STOCKHOLDERS’ EQUITY Preferred stock - - - - Common stock 377 - - 377 Additional paid-in capital 234,015 (17,557 ) - 216,458 Accumulated deficit (139,648 ) - 418 (139,230 ) Accumulated other comprehensive loss (998 ) - - (998 ) Treasury stock (8,558 ) - - (8,558 ) Total Powerfleet, Inc. stockholders’ equity 85,188 (17,557 ) 418 68,049 Non-controlling interest 63 - - 63 Total equity 85,251 (17,557 ) 418 68,112 Total liabilities, convertible redeemable preferred stock, and stockholders’ equity $ 217,276 $ - $ 527 $ 217,803 The following table presents the impact of the financial statement adjustments on the Company’s previously reported unaudited Consolidated Balance Sheet as of September 30, 2023: . September 30, 2023 (As restated) As Reported Redemption Premium Adjustment Other As ASSETS Current assets: Cash and cash equivalents $ 19,297 $ - $ - $ 19,297 Restricted cash 310 - - 310 Accounts receivable 33,606 - 188 33,794 Inventory, net 21,055 - - 21,055 Deferred costs - current 191 - - 191 Prepaid expenses and other current assets 8,721 - - 8,721 Total current assets 83,180 - 188 83,368 Deferred costs less current portion - - - - Fixed assets, net 10,222 - (119 ) 10,103 Goodwill 83,487 - - 83,487 Intangible assets, net 21,157 - (136 ) 21,021 Right of use asset 6,490 - - 6,490 Severance payable fund 3,427 - - 3,427 Deferred tax asset 1,915 - 97 2,012 Other assets 6,228 - 653 6,881 Total assets $ 216,106 $ - $ 683 $ 216,789 LIABILITIES Current liabilities: Short-term bank debt and current maturities of long-term debt $ 12,137 $ - $ - $ 12,137 Convertible note payable - - - - Accounts payable and accrued expenses 28,109 - (1,656 ) 26,453 Deferred revenue – current 6,101 - 37 6,138 Lease liability – current 2,286 - - 2,286 Total current liabilities 48,633 - (1,619 ) 47,014 Long-term debt – less current maturities 9,617 - - 9,617 Deferred revenue – less current portion 4,804 - 123 4,927 Lease liability – less current portion 4,415 - - 4,415 Accrued severance payable 4,142 - - 4,142 Deferred tax liability 4,283 - ( 21 ) 4,262 Other long-term liabilities 649 - 1,656 2,305 Total liabilities 76,543 - 139 76,682 Commitments and Contingencies (note 19) Convertible redeemable preferred stock 59,176 19,224 - 78,400 STOCKHOLDERS’ EQUITY Preferred stock - Common stock 387 - - 387 Additional paid-in capital 233,811 (19,224 ) - 214,587 Accumulated deficit (143,322 ) - 544 (142,778 ) Accumulated other comprehensive loss (1,904 ) - - (1,904 ) Treasury stock (8,648 ) - - (8,648 ) Total Powerfleet, Inc. stockholders’ equity 80,324 (19,224 ) 544 61,644 Non-controlling interest 63 - - 63 Total equity 80,387 (19,224 ) 544 61,707 Total liabilities, convertible redeemable preferred stock, and stockholders’ equity $ 216,106 $ - $ 683 $ 216,789 The following table presents the impact of the financial statement adjustments on the Company’s previously reported unaudited Consolidated Statement of Operations for the three months ended March 31, 2022 and 2023: Three Months Ended March 31, 2022 Three Months Ended March 31, 2023 As Reported Redemption Premium Adjustment Other As As Reported Redemption Premium Adjustment Other As Revenues: Products $ 14,392 $ - $ 127 $ 14,519 $ 12,404 $ - $ 104 $ 12,508 Services 18,769 - - 18,769 20,435 - (91 ) 20,344 Total revenues 33,161 - 127 33,288 32,839 - 13 32,852 Cost of revenues: Cost of products 11,978 - (67 ) 11,911 9,002 - - 9,002 Cost of services 6,784 - 6,784 7,219 - 57 7,276 Total cost of revenues 18,762 - (67 ) 18,695 16,221 - 57 16,278 Gross profit 14,399 - 194 14,593 16,618 - (44) 16,574 Operating expenses: Selling, general and administrative expenses 14,912 - 665 15,577 16,787 - 154 16,941 Research and development expenses 3,229 - (492 ) 2,737 1,723 - - 1,723 Total operating expenses 18,141 - 173 18,314 18,510 - 154 18,664 Loss from operations (3,742 ) - 21 (3,721 ) (1,892 ) - (198 ) (2,090 ) Interest income 13 - - 13 24 - - 24 Interest expense, net 100 - - 100 (137 ) - - (137 ) Bargain purchase – Movingdots - - - - 7,234 - - 7,234 Other (expense) income, net (1 ) - 95 94 (66 ) - 69 3 Net loss before income taxes (3,630 ) - 116 (3,514 ) 5,163 - (129 ) 5,034 Income tax (expense) benefit 703 - (661 ) 42 (397 ) - 5 (392 ) Net loss before non-controlling interest (2,927 ) - (545 ) (3,472 ) 4,766 - (124 ) 4,642 Non-controlling interest (1 ) - - (1 ) 3 - - 3 Net loss (2,928 ) - (545 ) (3,473 ) 4,769 - (124 ) 4,645 Accretion of preferred stock (168 ) (1,183 ) - (1,351 ) (168 ) (1,487 ) - (1,655 ) Preferred stock dividends (1,028 ) - - (1,028 ) (1,107 ) - - (1,107 ) Net loss attributable to common stockholders $ (4,124 ) $ (1,183 ) $ (545 ) $ (5,852 ) $ 3,494 $ (1,487 ) $ (124 ) $ 1,883 Net loss per share attributable to common $ (0.12 ) $ (0.03 ) $ (0.02 ) $ (0.17 ) $ 0.11 $ (0.06 ) $ (0.01 ) $ 0.04 Weighted average common shares outstanding - basic 35,332 35,332 35,332 35,332 35,548 35,548 35,548 35,548 Weighted average common shares outstanding - diluted 35,332 35,332 35,332 35,332 35,628 35,628 35,628 35,628 The following table presents the impact of the financial statement adjustments on the Company’s previously reported unaudited Consolidated Statement of Operations for the three months ended June 30, 2022 and 2023: Three Months Ended June 30,

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [A] Principles of consolidation The consolidated financial statements include the accounts of Powerfleet, Inc. and its subsidiaries (which, as noted above, are collectively referred to herein as the “Company”). All material intercompany balances and transactions have been eliminated in consolidation. [B] Use of estimates The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). 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 realization of deferred tax assets, accounting for uncertain tax positions, the impairment of intangible assets, including goodwill, capitalized software development costs, market-based stock-based compensation costs, and assumptions used in business combinations. Actual results could differ from those estimates. As of December 31, 2023, the impact of global uncertainties continues to unfold. As a result, many of our estimates and assumptions required increased judgment and carry a higher degree of variability and volatility. As events continue to evolve and additional information becomes available, our estimates may change materially in future periods. [C] 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, 2022 and 2023 consists of cash held in escrow for purchases from a vendor. [D] Accounts receivable and allowance for credit losses Accounts receivable are recorded at the invoiced amount and do not bear interest. Amounts collected on trade accounts receivable are included in net cash provided by operating activities in the consolidated statements of cash flows. The Company maintains an allowance for credit losses against its accounts receivable for potential losses. The Company’s receivables were evaluated to determine an appropriate allowance for credit losses. For trade receivables, the Company’s historical collections were analyzed by the number of days past due to determine the uncollectible rate in each range of days past due and considerations of any changes expected in the future. The estimate of the allowance for credit losses is charged to the allowance for credit losses based on the age of receivables multiplied by the historical uncollectible rate for the range of days past due or earlier if the account is deemed uncollectible for other reasons. Recoveries of amounts previously charged as uncollectible are credited to the allowance for credit losses. Accounts receivable is net of an allowance for credit losses in the amount of $ 2,567 2,797 An analysis of the allowance for credit losses for the period ended December 31, 2023 is as follows: SCHEDULE OF ALLOWANCE FOR CREDIT LOSSES Allowance for credit losses, December 31, 2022 $ 2,567 Allowance for credit losses, beginning balance $ 2,567 Adjustment for adoption of ASU 2016-13 (200 ) Current period provision for expected credit losses 1,767 Write-offs charged against the allowance (1,473 ) Foreign currency translation 136 Allowance for credit losses, December 31, 2023 $ 2,797 Allowance for credit losses, ending balance $ 2,797 During the year ended December 31, 2023, the change in the allowance for credit losses was due to the change in the age of trade receivables, offset by write-offs of bad debts. [E] 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 an expense when the products are sold (see Note 13). Revenue is recognized when performance obligations under the terms of a contract with the 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 are not distinct 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 future services are deferred and classified as a current and long-term liability. The deferred revenue is 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. Payment terms are generally 30 days after invoice date. 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 is 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 operating or sales-type leases. Accordingly, for sales-type leases 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 (“SSP”). Judgment is required to determine the SSP for each distinct performance obligation. The Company generally determines standalone selling prices based on observable prices charged to customers. Significant pricing practices taken into consideration include the Company’s discounting practices, the size and volume of its transactions, the customer demographic, price lists, its go-to-market strategy and historical and current sales and contract prices. As the Company’s go-to-market strategies evolve, it may modify its pricing practices in the future, which could result in changes to SSP. In certain cases, the Company is able to establish SSP based on observable prices of products or services sold separately in comparable circumstances to similar customers. The Company uses a single amount to estimate SSP when it has observable prices. If SSP is not directly observable, for example when pricing is highly variable, the Company uses a range of SSP. The Company determines the SSP range using information that may include pricing practices or other observable inputs. The Company typically has more than one SSP for individual products and services due to the stratification of those products and services by customer size. 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. [F] Deferred costs : Deferred product costs consist of Powerfleet for Logistics equipment costs deferred in accordance with our revenue recognition policy. The Company evaluates the realizability of the carrying amount of the deferred contract costs. To the extent the carrying value of the deferred contract costs exceeds the contract revenue, an impairment loss will be recognized. [G] Inventory Inventories are stated at the lower of cost or net realizable value. Cost is determined using the “moving average” cost method or the first-in first-out (“FIFO”) method. Inventory consists of components, work in process and finished products. Inventory valuation reserves are established in order to report inventories at the lower of cost or net realizable value in the consolidated balance sheet. The determination of inventory valuation reserves requires management to make estimates and judgments on the future salability of inventories. Valuation reserves for obsolete and slow-moving inventory are estimated based on assumptions of future sales forecasts, product life cycle expectations, the impact of new product introductions, production requirements, and specific identification of items, such as product discontinuance or engineering/material changes and by comparing the inventory levels to historical usage rates. [H] Fixed assets and depreciation Fixed assets are recorded at cost, net of accumulated depreciation. Depreciation and amortization are recognized using the straight-line method over the estimated useful lives of the assets. The following table provides the range of estimated useful lives used for each asset type: SCHEDULE OF ESTIMATED USEFUL LIVES OF ASSET Useful Life (years) Computer software 3 5 Installed products 3 5 Computers and electronic equipment 3 10 Furniture and fixtures 5 7 Leasehold improvements Shorter of useful life or lease term [I] Long-lived assets Long-lived assets, which includes definite lived intangible assets and fixed assets, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is assessed by a comparison of the carrying amount of the assets to the future undiscounted net cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets and would be charged to earnings. Fair value is determined through various valuation techniques including discounted cash flow models, quoted market values and third-party independent appraisals, as considered necessary. [J] Goodwill and intangibles Goodwill represents costs in excess of fair values assigned to the underlying net assets of acquired businesses. Goodwill and intangible assets deemed to have indefinite lives are not amortized and are tested for impairment on an annual basis and between annual tests whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. Intangible assets other than goodwill are amortized over their useful lives unless the lives are determined to be indefinite. Intangible assets are carried at cost, less accumulated amortization. Intangible assets consist of trademarks and trade name, patents, customer relationships, software to be sold or leased, and other intangible assets. Goodwill is tested at the reporting unit level, which is defined as an operating segment or one level below the operating segment. The Company operates in one operating segment which is its only reporting unit. The Company tests its goodwill for impairment annually, which is the first day of the Company’s fourth quarter or when an indicator of impairment exists, by comparing the fair value of the reporting unit to its carrying value. In the evaluation of goodwill for impairment, the Company has the option to perform a qualitative assessment to determine whether further impairment testing is necessary or to perform a quantitative assessment by comparing the fair value of a reporting unit to its carrying amount, including goodwill. Under the qualitative assessment, an entity is not required to calculate the fair value of a reporting unit unless the entity determines that it is more likely than not that its fair value is less than its carrying amount. By eliminating “Step 2” from the goodwill impairment test, the quantitative analysis of goodwill will result in an impairment loss for the amount that the carrying value of the reporting unit exceeds its fair value which is limited to the total amount of goodwill allocated to the reporting unit. The Company performed a quantitative assessment whereby the fair value of the reporting unit is calculated using a market approach and a discounted cash flow method, as a form of the income approach. The market approach includes the use of comparative revenue and adjusted EBITDA multiples to complement discounted cash flow results. The discounted cash flow method is based on the present value of the projected cash flows and a terminal value. The terminal value represents the expected normalized future cash flows of the reporting unit beyond the cash flows from the discrete projection period. The fair value of the reporting unit is calculated based on the sum of the present value of the cash flows from the discrete period and the present value of the terminal value. The discount rate represented our estimate of the WACC, or expected return, that a marketplace participant would have required as of the valuation date. The application of our goodwill impairment test required key assumptions underlying our valuation model. The discounted cash flow analysis factored in assumptions on discount rates and terminal growth rates to reflect risk profiles, as well as revenue and cost growth relative to history and market trends and expectations. The market multiples approach incorporated judgment involved in the selection of comparable public company multiples and benchmarks. The selection of companies and multiples was influenced by differences in growth and profitability, and volatility in market prices of peer companies. These valuation inputs are inherently judgmental, and an adverse change in one or a combination of these inputs could trigger a goodwill impairment loss in the future. In connection with the Company’s goodwill impairment testing as of October 1, 2023, the estimated fair value exceeded its carrying value by approximately 6 For the years ended December 31, 2021, 2022 and 2023, the Company did not incur an impairment charge. [K] Product warranties The Company typically provides a 1 – 5-year warranty on its products. [L] Research and development Research and development costs are charged to expense as incurred and consists primarily of salaries and related expenses, supplies and contractor costs. Research and development costs were $ 11,429 8,472 8,380 [ M] Patent costs Costs incurred in connection with acquiring patent rights are charged to expense as incurred. [N] Concentrations of credit risk Financial instruments that potentially subject the Company and its subsidiaries to concentrations of credit risk consist principally of cash and cash equivalents, trade receivables and trade payables. The Company’s cash and cash equivalents are invested primarily in deposits with major banks worldwide. Generally, these deposits may be redeemed upon demand and, therefore, bear low risk. Management believes that the financial institutions that hold the Company’s investments have a high credit rating. For the years ended December 31, 2023, 2022, and 2021, there were no customers who generated revenues greater than 10 10 [O] Benefit plan The Company maintains a retirement plan under Section 401(k) of the Internal Revenue Code, which covers all eligible employees. All employees with U.S. source income are eligible to participate in the plan immediately upon employment. The Company did not make any contributions to the plan during the year ended December 31, 2021. In 2022 and 2023, the Company contributed $ 285 379 [P] Severance pay The liability of the Company’s subsidiaries in Israel for severance pay is calculated pursuant to Israel’s Severance Pay Law 5273-1963 (the “Severance Law”) based on the most recent salary of the employees multiplied by the number of years of employment as of balance sheet date and are presented on an undiscounted basis. Employees are entitled to one month’s salary for each year of employment, or a portion thereof. The liability for the Company and its subsidiaries in Israel is fully provided by monthly deposits with insurance policies and by accrual. The value of these policies is recorded as an asset in the Company’s balance sheet. The deposited funds may be withdrawn only upon the fulfillment of the obligation pursuant to the Severance Law or labor agreements. The value of the deposited funds is based on the cash surrendered value of these policies, and includes profits or losses accumulated to balance sheet date. Some of the Company’s employees are subject to Section 14 of the Severance Law and the General Approval of the Labor Minister dated June 30, 1998, issued in accordance to the said Section 14, mandating that upon termination of such employees’ employment, all the amounts accrued in their insurance policies shall be released to them. The severance pay liabilities and deposits covered by these plans are not reflected in the balance sheet as the severance pay risks have been irrevocably transferred to the severance funds. [Q] Stock-based compensation The Company accounts for stock-based employee compensation for all share-based payments, including grants of stock options and restricted stock, as an operating expense based on their fair values on the grant date. The Company recorded stock-based compensation expense of $ 4,416 , $ 4,343 , and $ 3,908 for the years ended December 31, 2021, 2022 and 2023, respectively. The Company estimates the fair value of share-based option awards on the grant date using an option pricing model. The value of the portion of the award that is ultimately expected to vest is recognized as expense over the requisite service period in the Company’s consolidated statement of operations. The Company estimates forfeitures at the time of grant in order to estimate the amount of share-based awards that will ultimately vest. The estimate is based on the Company’s historical rates of forfeitures. Estimated forfeitures are revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates. [R] Income taxes The Company uses the asset and liability method of accounting for deferred income taxes. Deferred income taxes are measured by applying enacted statutory rates to net operating loss carryforwards and to the differences between the financial reporting and tax bases of assets and liabilities. Deferred tax assets are reduced, if necessary, by a valuation allowance if it is more likely than not that some portion or all of the deferred tax assets will not be realized. The Company recognizes uncertainty in income taxes in the financial statements using a recognition threshold and measurement attribute of a tax position taken or expected to be taken in a tax return. The Company applies the “more-likely-than-not” recognition threshold to all tax positions, commencing at the adoption date of the applicable accounting guidance, which resulted in no unrecognized tax benefits as of such date. Additionally, there have been no unrecognized tax benefits subsequent to adoption. The Company has opted to classify interest and penalties that would accrue according to the provisions of relevant tax law as selling, general, and administrative expenses and incomes taxes, respectively, in the consolidated statement of operations. For the years ended December 31, 2021, 2022 and 2023, interest and penalties were immaterial. The Company elected to account for the U.S. tax on its Global Intangible Low-Taxed Income (“GILTI”) from its foreign subsidiaries as a period cost and, therefore included GILTI expense in its effective tax rate calculation. [S] Fair value of financial instruments The Company utilizes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The following is a brief description of those levels: ● Level 1: Unadjusted quoted prices in active markets for identical assets or liabilities ● Level 2: Inputs other than quoted prices that are observable for the asset or liability, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active. ● Level 3: Unobservable inputs that reflect the reporting entity’s estimates of market participant assumptions The Company’s cash and cash equivalents and investments in securities 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 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 December 31, 2023 Carrying Amount Fair Value Debt $ 21,091 $ 20,919 [T] Advertising and marketing expense Advertising and marketing costs are expensed as incurred. Advertising and marketing expense for the years ended December 31, 2021, 2022 and 2023 amounted to $ 1,185 1,130 2,300 [U] Foreign currency 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 are $ (8) (1,601) 594 Foreign currency transaction 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 transaction gains (losses) for the years ended December 31, 2021, 2022 and 2023 of $ (128) , $ (847) , and $ 277 , respectively, are included in selling, general and administrative expenses in the Consolidated Statement of Operations. Foreign currency transaction gains (losses) related to long-term debt of $ 810 , $ 2,689 and $ 591 , for the years ended December 31, 2021, 2022 and 2023, respectively, are included in interest expense in the Consolidated Statement of Operations. [ V] Commitments and contingencies From time to time, the Company is involved in various litigation matters involving claims incidental to its business and acquisitions, including employment matters, acquisition related claims, patent infringement and contractual matters, among other issues. While the outcome of any such litigation matters cannot be predicted with certainty, management currently believes that the outcome of these proceedings, including the matters described below, either individually or in the aggregate, will not have a material adverse effect on its business, results of operations or financial condition. The Company records reserves related to legal matters when losses related to such litigation or contingencies are both probable and reasonably estimable. [W] Recently issued accounting pronouncements In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures” (“ASU 2023-07”), which requires additional operating segment disclosures in annual and interim consolidated financial statements. ASU 2023-07 is effective for annual periods beginning after December 15, 2023 and for interim periods beginning after December 15, 2024 on a retrospective basis, with early adoption permitted. The Company is evaluating the effect of adopting ASU 2023-07. In December 2023, the FASB issued Accounting Standards Update No. 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures” (“ASU 2023-09”), which requires disclosure of disaggregated income taxes paid, prescribes standard categories for the components of the effective tax rate reconciliation and modifies other income tax-related disclosures. ASU 2023-09 is effective for annual periods beginning after December 15, 2024 on a retrospective or prospective basis. The Company is evaluating the effect of adopting ASU 2023-09. 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 adopted ASU No. 2016-13 on January 1, 2023. The adoption of the standard did not result in a material impact on the consolidated financial statements. [X] Business Combinations In accordance with ASC 805, Business Combinations (ASC 805), the Company recognizes the tangible and intangible assets acquired and liabilities assumed based on their estimated fair values. Determining these fair values requires management to make significant estimates and assumptions, especially with respect to intangible assets. The Company recognizes identifiable assets acquired and liabilities assumed at their acquisition date fair value. During the measurement period, which may be up to one year from the acquisition date, the Company records adjustments to the assets acquired and liabilities assumed with the corresponding offset to goodwill or bargain purchase to the extent that it identifies adjustments to the preliminary fair values. Upon the conclusion of the measurement period or final determination of the values of assets acquired or liabilities assumed, any subsequent adjustments are recorded to the consolidated statements of operations. [Y] Segment Information The Company has a single operating and reportable segment. The Company’s chief operating decision maker is its Chief Executive Officer, who reviews financial information presented on a consolidated basis for purposes of making operating decisions, assessing financial performance, and allocating resources. The Company derives its revenue from the sale of systems and products and from customer SaaS and hosting infrastructure fees (see Note 17 – Segment Information).

ACQUISITION

ACQUISITION	12 Months Ended
	Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract]
ACQUISITION	NOTE 4 – ACQUISITION On March 6, 2023, the Company entered into a share purchase and transfer agreement (the “Movingdots Agreement”) with Swiss Re Reinsurance Holding Company Ltd (“Swiss Re”), pursuant to which the Company would acquire all of the outstanding shares of Movingdots GmbH (“Movingdots”), a wholly owned subsidiary of Swiss Re, for consideration consisting of € 1 and the issuance by the Company of a ten-year warrant to purchase 800,000 shares of the Company’s common stock at an exercise price of $ 7.00 per share (the “Swiss Re Warrants”) with fair value of approximately $ 1,347 at March 31, 2023 and noncash consideration in the form of a nonexclusive irrevocable, perpetual, fully paid-up, royalty free license agreement between Movingdots and Swiss Re for certain of the acquired intellectual property (the “Movingdots Acquisition”) As a result of the Movingdots Acquisition, Movingdots, a German company providing insurance telematics and sustainable mobility solutions, became a direct, wholly owned subsidiary of Powerfleet. Movingdots’ end-to-end telematics app solution will enhance Powerfleet’s software-as-a-service (“SaaS”)-based fleet intelligence platform, Unity, with additional customization capabilities and insurance risk insights. Movingdots’ expertise in safety and sustainability aligns with Unity’s focus on data-powered applications. The Movingdots Acquisition also strengthens Powerfleet’s global reach, particularly in Europe. Revenue and net loss of Movingdots since the Movingdots Closing included in the consolidated income statement was $ 523 3,808 As part of the Movingdots Agreement Swiss Re was also obligated to (i) transfer certain intellectual property rights from Swiss Re to Movingdots, (ii) enter into a distribution agreement pursuant to which Swiss Re is allowed to promote the Movingdots solutions, and (iii) grant a license agreement between Swiss Re’s affiliates and Movingdots. The Swiss Re Warrants were valued using the Black-Scholes Model using the following assumptions at the date of issuance: SCHEDULE OF WARRANTS VALUATION ASSUMPTIONS Expected volatility 50 % Expected term (in years) 10 Risk free interest rate 3.50 % Dividend yield 0 % Fair value per share $ 1.68 Warrants measurement input $ 1.68 Purchase Price Allocation The Movingdots Acquisition met the criteria for a business combination to be accounted for using the acquisition method under ASC 805, Business Combinations (“ASC 805”), with the Company identified as the legal and the accounting acquirer. The Company recognized approximately $ 500 The following table details the allocation of the purchase price to the assets acquired and liabilities assumed in connection with the acquisition of Movingdots: SCHEDULE OF PURCHASE PRICE ALLOCATION IN ASSETS ACQUIRED AND LIABILITIES Consideration: Cash $ - Fair value of Powerfleet warrants on March 31, 2023 1,347 Total consideration $ 1,347 Assets acquired: Cash $ 8,722 Accounts receivable 247 Prepaid expenses 103 Other assets 270 Inventory 96 Fixed assets 1,889 Total assets acquired 11,327 Liabilities assumed: Accounts payable and accrued expenses 946 Total liabilities assumed 946 Total identifiable net assets acquired 10,381 Gain on bargain purchase (9,034 ) Purchase price consideration $ 1,347 The fair value estimates of the assets acquired and liabilities assumed, including fixed assets and accounts payable and accrued expenses, were subject to adjustments through the initial measurement period. As of December 31, 2023, the measurement period was complete and an adjustment of approximately $ 1,500 300 The intellectual property was valued using the replacement method. Since this asset does not directly generate revenue (i.e., it is intended to support other revenue-generating assets and its utility is premised on avoided operating costs), the fair value analysis considers the costs that would be incurred to recreate the intellectual property in the event that the intellectual property did not exist (or the agreement to license the intellectual property did not exist). The replacement cost method utilized assumptions on the length of time expected to be incurred to recreate the intellectual property, the amount and cost of labor plus a 30% obsolescence factor, and 20% estimated developers profit. All other assets and liabilities acquired, as detailed in the allocation chart above, were valued at fair value based on their short-term nature. Consistent with the requirements of ASC 805, the Company assessed whether all assets acquired and liabilities assumed have been appropriately identified, measured and recognized, and performed re-measurements to verify that the consideration paid, assets acquired and liabilities assumed have been properly valued. After applying the requirements of ASC 805-30-25-4, the Company recognized a gain on bargain purchase as the estimated fair value of the identifiable net assets acquired exceeded the purchase consideration transferred by approximately $ 9,034 The gain on bargain purchase primarily resulted from Swiss Re’s motivation to divest its investment in Movingdots and its telematics business, which was deemed a non-core business of Swiss Re on a go-forward basis. The sale of Movingdots was not subject to a competitive bidding process. Under the Movingdots Agreement, Swiss Re also agreed to make a cash injection into Movingdots prior to the Movingdots Closing in a form of additional paid in capital to ensure Movingdots had available cash in the amount of € 8,000 If the Company makes an on-sale transfer of any shares of Movingdots that were acquired in connection with the Movingdots Acquisition at any time between the signing date of the Movingdots Agreement and through 12 months after the Movingdots Closing, to any third-party purchaser (an “on-sale transfer”), for an amount that is in excess of the purchase price consideration transferred, then the Company shall pay Swiss Re an amount in cash (“on sale compensation”) equal to (i) €8,000, plus (ii) the difference between such on-sale transfer price less the purchase price net of the net present value of the Swiss Re Warrants. The Company does not currently intend to enter into an on-sale transfer. Management views that the insurance telematics and sustainability are important spaces for the Company to have propositions to enable future strategic value, supporting the more evolved, IOT data-rich mass subscription space. The acquisition of Movingdots and its business will, among other things: ● open strategic relationships with some key customers such as Mercedes, BMW and Vodafone; ● provide greater go-to-market opportunity to the Company with the European beachhead for future regional expansion, customer acquisition tool to upsell the Company’s portfolio into German and European markets, and maintain a distribution channel and partnership with Swiss Re; and ● provide the Company with access to a team with technical skillsets across application development and management, cloud platform development, user experience/user interface design development and technical product management; The following table represents the unaudited combined pro forma revenue and earnings for the annual periods ended December 31, 2022 and 2023: SCHEDULE OF PRO FORMA REVENUE AND EARNINGS Year Ended December 31, 2022 Historical (as restated) Pro forma combined (unaudited) Revenues $ 135,912 $ 143,522 Operating loss $ (6,971 ) $ (7,465 ) Net loss per share – basic and diluted $ (0.48 ) $ (0.49 ) Net loss per share - basic $ (0.48 ) $ (0.49 ) Year Ended December 31, 2023 Historical Pro forma combined (unaudited) Revenues $ 133,736 $ 136,258 Operating loss $ (12,557 ) $ (12,547 ) Net loss per share – basic and diluted $ (0.49 ) $ (0.48 ) Net loss per share - basic $ (0.49 ) $ (0.48 ) The unaudited combined pro forma revenue and earnings for the annual periods ended December 31, 2022 and 2023 were prepared as though the Movingdots Acquisition had occurred as of January 1, 2022. This summary is not necessarily indicative of what the results of operations would have been had the Movingdots Acquisition occurred as of such date, nor does it purport to represent results of operations for any future periods.

REVENUE RECOGNITION

REVENUE RECOGNITION	12 Months Ended
	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
REVENUE RECOGNITION	NOTE 5 – REVENUE RECOGNITION The following table presents the Company’s revenues disaggregated by revenue source for the years ended December 31, 2021, 2022 and 2023. SCHEDULE OF REVENUE DISAGGREGATED BY REVENUE SOURCE Year Ended December 31, 2021 (as restated) 2022 (as restated) 2023 Products $ 52,902 $ 56,945 $ 49,741 Services 73,058 78,967 83,995 $ 125,960 $ 135,912 $ 133,736 The balances of contract assets and contract liabilities from contracts with customers are as follows as of December 31, 2022 and 2023 are as follows: SCHEDULE OF CONTRACT ASSETS AND CONTRACT LIABILITIES FROM CONTRACTS WITH CUSTOMERS 2022 2023 Year Ended December 31, 2022 (as restated) 2023 Assets: Deferred contract cost $ 2,740 $ 2,581 Deferred cost $ 762 $ 83 Liabilities: Deferred revenue – services (1) $ 9,869 $ 10,511 Deferred revenue – products (1) 938 111 Deferred revenue 10,807 10,622 Less: Deferred revenue – current portion (6,376 ) (5,666 ) Deferred revenue – long term $ 4,431 $ 4,956 (1) The Company records deferred revenues when cash payments are received or due in advance of the Company’s performance. For the years ended December 31, 2022 and 2023, the Company recognized revenue of 5,929 6,046

PREPAID EXPENSES AND OTHER ASSE

PREPAID EXPENSES AND OTHER ASSETS	12 Months Ended
	Dec. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
PREPAID EXPENSES AND OTHER ASSETS	NOTE 6 – 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, 2022 (as restated) December 31, 2023 Sales-type lease receivables, current $ 1,083 $ 1,104 Prepaid expenses 3,952 3,900 Contract assets 1,131 1,164 Other current assets 1,370 1,400 Prepaid expenses and other current assets $ 7,536 $ 7,568

INVENTORY

INVENTORY	12 Months Ended
	Dec. 31, 2023
Inventory Disclosure [Abstract]
INVENTORY	NOTE 7 – INVENTORY Inventory, which primarily consists of finished goods and components used in the Company’s products, is stated at the lower of cost or net realizable value using the “moving average” cost method or the first-in first-out (FIFO) method. Inventory is shown net of a valuation reserve of $ 453 524 Inventories consist of the following: SCHEDULE OF INVENTORIES December 31, 2022 December 31, 2023 Components $ 12,443 $ 10,272 Work in process 462 31 Finished goods, net 9,367 12,299 Inventory, Net $ 22,272 $ 22,602

FIXED ASSETS

FIXED ASSETS	12 Months Ended
	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
FIXED ASSETS	NOTE 8 – FIXED ASSETS Fixed assets are stated at cost, less accumulated depreciation and amortization, and are summarized as follows: SCHEDULE OF FIXED ASSETS December 31, 2022 December 31, 2023 Installed products $ 8,586 $ 10,765 Computer software 7,195 10,650 Computer and electronic equipment 5,658 6,275 Furniture and fixtures 2,041 2,422 Leasehold improvements 1,415 1,417 24,895 31,529 Accumulated depreciation and amortization (15,646 ) (19,146 ) $ 9,249 $ 12,383 Depreciation and amortization expense for the years ended December 31, 2021, 2022 and 2023 was $ 3,399 3,183 3,876 426 179 605

INTANGIBLE ASSETS AND GOODWILL

INTANGIBLE ASSETS AND GOODWILL	12 Months Ended
	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSETS AND GOODWILL	NOTE 9 – INTANGIBLE ASSETS AND GOODWILL Beginning in 2022, the Company began to capitalize software costs for software to be sold, marketed, or leased to customers. 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, 2023 and 2022: SCHEDULE OF INTANGIBLE ASSETS December 31, 2023 Useful Lives Gross Carrying Accumulated Net Carrying Amortized: Customer relationships 9 12 $ 19,264 $ (7,606 ) $ 11,658 Trademark and tradename 3 15 7,553 (3,682 ) 3,871 Patents 7 11 628 (441 ) 187 Technology 7 10,911 (10,784 ) 127 Software to be sold or leased 3 6 4,602 (535 ) 4,067 42,958 (23,048 ) 19,910 Unamortized: Customer list 104 104 Trademark and tradename 61 - 61 165 - 165 Total $ 43,123 $ (23,048 ) $ 20,075 December 31, 2022 Useful Lives Gross Carrying Amount Accumulated Amortization Net Carrying Amount Amortized: Customer relationships 9 12 $ 20,031 $ (6,830 ) $ 13,201 Trademark and tradename 3 15 7,589 (2,990 ) 4,599 Patents 7 11 628 (351 ) 277 Technology 7 10,667 (7,866 ) 2,801 Software to be sold or leased 3 6 1,865 - 1,865 40,780 (18,037 ) 22,743 Unamortized: Customer list 104 - 104 Trademark and tradename 61 - 61 165 - 165 Total $ 40,945 $ (18,037 ) $ 22,908 At December 31, 2023, the weighted-average amortization period for the intangible assets was 8.6 11.9 , 9.6 , 7.0 , 4.3 , and 3.0 years, respectively. Amortization expense for the years ended December 31, 2021, 2022 and 2023 was $ 5,154 5,079 5,569 SCHEDULE OF FINITE-LIVED INTANGIBLE ASSETS AMORTIZATION EXPENSE Year Ending December 31, 2024 $ 4,156 2025 4,029 2026 3,412 2027 2,232 2028 2,023 Thereafter 4,058 Finite-Lived intangible assets $ 19,910 Global uncertainties continue to adversely impact the broader global economy and have caused significant volatility in financial markets. If there is a lack of recovery or further global softening in certain markets, or a sustained decline in the value of the Company’s common stock, the Company may conclude that indicators of impairment exist and would then be required to calculate whether or not an impairment exists for its goodwill, other intangibles, and long-lived assets, the results of which could result in material impairment charges. 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 performed a quantitative impairment analysis at October 1, 2023 using a market-based and income-based quantitative assessment utilizing a combination of the (i) the guideline public company method applying revenue multiples of similar companies and, (ii) the discounted cash flow method, respectively. 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 December 31, 2023. As of December 31, 2022 and 2023, the Company determined that no impairment existed to the goodwill, customer list and trademark and trade name of its acquired intangible assets. There have been no changes in the carrying amount of goodwill from January 1, 2023 to December 31, 2023.

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	12 Months Ended
	Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]
STOCK-BASED COMPENSATION	NOTE 10 – STOCK-BASED COMPENSATION The Company’s stockholders have approved the Company’s 2018 Incentive Plan (as amended the “2018 Plan”) pursuant to which the Company may grant stock options, restricted stock and other equity-based awards with respect to up to an aggregate of 7,500 four five years 2,158 The 2018 Plan is administered by the Compensation Committee of the Company’s Board of Directors, which has the authority to determine, among other things, the term during which an option may be exercised (not more than 10 years), the exercise price of an option and the vesting provisions The Company recognizes all employee share-based payments in the statement of operations as an operating expense, based on their fair values on the applicable grant date. During the first fiscal quarter of 2022, the Company granted options to purchase 5,960 895 5,065 2.85 21.00 10.50 21.00 1.7 51.7 10 1.60 During the year ended December 31, 2023, the Company granted options to purchase 1,335 470 865 12.00 3.7 50 5.1 1.56 During the year ended December 31, 2023, the Company granted 1,247 900 82 [A] Stock options: A summary of the status of the Company’s stock options, relating to the Company’s market-based stock options that were granted to certain senior managers, including the Company’s executive officers, as of December 31, 2021, 2022 and 2023 and changes during the years then ended, is presented below: SCHEDULE OF STOCK OPTIONS ACTIVITY 2021 2022 2023 Number of Shares Weighted- Number of Shares Weighted- Number of Shares Weighted- Outstanding at beginning of year - $ - - - $ 5,065 $ 14.14 Granted - $ - 5,065 $ 14.14 865 $ 3.09 Exercised - $ - - $ - - $ - Forfeited or expired - $ - - - $ (485 ) $ 2.87 $ $ $ Outstanding at end of year - $ - 5,065 $ 14.14 5,445 $ 13.39 $ $ $ Exercisable at end of year - $ - - $ - - $ - The following table summarizes information about stock options relating to the market-based stock options that were granted to certain senior managers, including the Company’s executive officers, at December 31, 2023. SUMMARY OF STOCK OPTION INFORMATION BY EXERCISE PRICE RANGE Options Outstanding Options Exercisable Exercise Prices ($) Number Outstanding Weighted - Average Remaining Contractual Life in Years Weighted Average Exercise Price Number Outstanding Weighted - Average Exercise Price $ 2.98 7.48 1,320 8.87 $ 3.18 - $ - $ 7.49 11.98 875 8.01 $ 10.50 - $ - $ 11.99 16.48 1,250 8.01 $ 14.00 - $ - $ 16.49 21.00 2,000 8.01 $ 21.00 - $ - 5,445 8.22 $ 13.38 - $ - A summary of the status of the Company’s stock options, excluding the market-based stock options that were granted to certain senior managers, including the Company’s executive officers, as of December 31, 2021, 2022 and 2023 and changes during the years then ended, is presented below: SCHEDULE OF STOCK OPTIONS ACTIVITY 2021 2022 2023 Number of Shares Weighted- Number of Shares Weighted- Number of Shares Weighted- Outstanding at beginning of year 3,624 $ 5.85 3,470 $ 5.91 2,727 $ 5.29 Granted 120 $ 7.77 895 $ 4.08 470 $ 3.09 Exercised (156 ) $ 5.60 - $ - (16 ) $ 2.33 Forfeited or expired (118 ) $ 6.34 (1,638 ) $ 5.95 (989 ) $ 5.40 Outstanding at end of year 3,470 $ 5.91 2,727 $ 5.29 2,192 $ 4.79 Exercisable at end of year 1,546 $ 5.67 1,247 $ 5.79 1,189 $ 5.54 SUMMARY OF STOCK OPTION INFORMATION BY EXERCISE PRICE RANGE Options Outstanding Options Exercisable Exercise Prices ($) Number Outstanding Weighted - Average Remaining Contractual Life in Years Weighted Average Exercise Price Number Outstanding Weighted - Average Exercise Price $ 2.98 4.23 696 8.82 $ 3.18 104 $ 3.26 $ 4.24 5.48 568 7.55 $ 4.83 188 $ 4.87 $ 5.49 6.73 895 5.08 $ 5.90 880 $ 5.90 $ 6.74 7.96 33 6.58 $ 7.80 17 $ 7.80 2,192 6.93 $ 4.79 1,189 $ 5.54 SCHEDULE OF OPTIONS OUTSTANDING AND EXERCISABLE As of December 31, 2023 Aggregate Intrinsic Value Weighted - Average Remaining Contractual Life in Years Options outstanding $ - 6.92 Options exercisable $ - 5.60 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 Year Ended December 31, 2021 2022 2023 Expected volatility 50.2 % 49.4 % 55.6 % Expected life of options (years) 6.5 6.5 6.1 Risk free interest rate 0.69 % 1.73 % 3.87 % Dividend yield 0 % 0 % 0 % Weighted-average fair value of options granted during the year $ 3.81 $ 2.04 $ 1.66 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. For the years ended December 31, 2021, 2022 and 2023, the Company recorded $ 1,684 2,943 2,712 The fair value of options vested during the years ended December 31, 2021, 2022 and 2023 was $ 1,201 869 931 483 0 9 As of December 31, 2023, there was $ 1,342 2.41 As of December 31, 2023, there was $ 4,655 3.13 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 the non-vested shares for the years ended December 31, 2021, 2022 and 2023 is as follows: SCHEDULE OF NON-VESTED RESTRICTED STOCK ACTIVITY Number of Non-Vested Shares Weighted- Average Non-vested, January 1, 2021 806 5.54 Granted 450 7.63 Vested (537 ) 5.35 Forfeited or expired (90 ) 6.51 Non-vested, December 31, 2021 629 7.06 Granted 492 3.72 Vested (229 ) 6.99 Forfeited or expired (186 ) 7.08 Non-vested, December 31, 2022 706 4.75 Granted 1,247 2.41 Vested (297 ) 4.24 Forfeited or expired (152 ) 5.32 Non-vested, December 31, 2023 1,504 2.86 For the years ended December 31, 2021, 2022 and 2023, the Company recorded $ 2,529 1,347 1,196 3,349 3.03 [C] Restricted Stock Units: The Company also grants restricted stock units (“RSUs”) to employees. The following table summarizes the activity relating to the Company’s RSUs for the years ended December 31, 2021, 2022 and 2023: SCHEDULE OF NON-VESTED RESTRICTED STOCK ACTIVITY Number of Restricted Stock Units Weighted-Average Grant Date Fair Value Restricted stock-units, non-vested, January 1, 2021 75 5.60 Vested (35 ) 5.60 Forfeited or expired (4 ) 5.60 Restricted stock-units, non-vested, December 31, 2021 36 5.60 Vested (36 ) 5.60 Forfeited or expired - - Restricted stock-units, non-vested, December 31, 2022 - - Vested - - Forfeited or expired - - Restricted stock-units, non-vested, December 31, 2023 - - For the years ended December 31, 2021, 2022 and 2023 the Company recorded $ 203 53 0 0

NET LOSS PER SHARE

NET LOSS PER SHARE	12 Months Ended
	Dec. 31, 2023
Earnings Per Share [Abstract]
NET LOSS PER SHARE	NOTE 11 - NET LOSS PER SHARE SCHEDULE OF NET LOSS PER SHARE BASIC AND DILUTED 2021 2022 2023 December 31, 2021 2022 2023 Basic and diluted loss per share Net loss attributable to common stockholders $ (22,068 ) $ (16,891 ) $ (17,307 ) Weighted-average common share outstanding - basic and diluted 34,571 35,393 35,628 Net loss attributable to common stockholders - basic and diluted $ (0.64 ) $ (0.48 ) $ (0.49 ) 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 EPS 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 years ended December 31, 2021, 2022 and 2023, 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 11,628 16,571 18,164

SHORT-TERM BANK DEBT AND LONG-T

SHORT-TERM BANK DEBT AND LONG-TERM DEBT	12 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
SHORT-TERM BANK DEBT AND LONG-TERM DEBT	NOTE 12 – SHORT-TERM BANK DEBT AND LONG-TERM DEBT SCHEDULE OF LONG-TERM DEBT December 31, December 31, 2022 2023 Short-term bank debt $ 5,709 $ 10,030 Current maturities of long-term debt $ 4,603 $ 11,061 Long-term debt - less current maturities $ 11,403 $ - Debt In connection with the Pointer Merger, Powerfleet Israel incurred NIS denominated debt in term loan borrowings on the October 3, 2019 under the Prior Credit Agreement, pursuant to which Hapoalim agreed to provide Powerfleet Israel with two senior secured term loan facilities in an initial aggregate principal amount of $ 30,000 (comprised of two facilities in the aggregate principal amount of $ 20,000 and $ 10,000 , respectively (the “Prior Term A Facility” and “Prior Term B Facility”, respectively, and collectively, the “Prior Term Facilities”)) and a five-year revolving credit facility (the “Prior Revolving Facility”) to Pointer denominated in NIS in an initial aggregate principal amount of $ 10,000 (collectively, the “Prior Credit Facilities”). As of December 31, 2023, the Company borrowed NIS 4,915 or $ 1,355 , under the Prior Revolving Facility. The available balance at December 31, 2023 was approximately $ 4,800 The Prior Credit Facilities were scheduled to mature on October 3, 2024 . The indicative interest rate provided for the Prior Term Facilities in the Prior Credit Agreement was approximately 4.73 % for the Prior Term A Facility and 5.89 % for the Prior Term B Facility. The interest rate for the Prior Revolving Facility was, with respect to NIS-denominated loans, Hapoalim’s prime rate + 2.5%, and with respect to US dollar-denominated loans, LIBOR + 4.6% (amended to SOFR + 2.15%). The interest rate at December 31, 2023 was 7.53 %. In addition, the Company agreed to pay a 1% commitment fee on the unutilized and uncancelled availability under the Prior Revolving Facility . The Prior Credit Facilities were secured by the shares held by Powerfleet Israel in Pointer and by Pointer over all of its assets. The Prior Credit Agreement included customary representations, warranties, affirmative covenants, negative covenants (including the following financial covenants, tested quarterly: Pointer’s net debt to EBITDA; Pointer’s net debt to working capital; minimum equity of Powerfleet Israel; Powerfleet Israel equity to total assets; Powerfleet Israel net debt to EBITDA; and Pointer EBITDA to current payments and events of default. On August 23, 2021, Powerfleet Israel and Pointer (the “Borrowers”) entered into an amendment (the “Amendment”), effective as of August 1, 2021, to the Prior Credit Agreement with Hapoalim. The Amendment memorialized the agreements between the Borrowers and Hapoalim regarding a reduction in the interest rates of the two Prior Term Facilities. Pursuant to the Amendment, commencing as of November 12, 2020, the interest rate with respect to the Prior Term A Facility was reduced to a fixed rate of 3.65 4.5 1 0.5 3,000 In connection with the Prior Credit Facilities, the Company incurred debt issuance costs of $ 742 290 215 133 1,078 824 572 On October 31, 2022, the Borrowers entered into a third amendment to the Prior Credit Agreement (the “Third Amendment”) with Hapoalim. The Third Amendment provided for, among other things, an additional revolving credit facility to Pointer denominated in NIS in an initial aggregate principal amount of $ 10 31,464 8,675 , under the Second Revolver. The interest rate at December 31, 2023 was 7.97 1,325 See Note 20 (Subsequent Events) for additional information regarding the debt of the Company, including the A&R Credit Agreement and the Facilities Agreement.

ACCOUNTS PAYABLE AND ACCRUED EX

ACCOUNTS PAYABLE AND ACCRUED EXPENSES	12 Months Ended
	Dec. 31, 2023
Payables and Accruals [Abstract]
ACCOUNTS PAYABLE AND ACCRUED EXPENSES	NOTE 13 - ACCOUNTS PAYABLE AND ACCRUED EXPENSES Accounts payable and accrued expenses consist of the following: SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED LIABILITIES December 31, December 31, 2022 (As restated) 2023 Accounts payable $ 14,702 $ 19,235 Accrued warranty 745 965 Accrued compensation 7,153 6,721 Government authorities 1,992 2,796 Other current liabilities 805 579 Accounts payable and accrued expenses $ 25,397 $ 30,296 The Company’s products are warranted against defects in materials and workmanship for a period of 1-8 years from the date of acceptance of the product by the customer The customers may purchase an extended warranty providing coverage up to a maximum of 60 months The following table summarizes warranty activity during the years ended December 31, 2022 and 2023: SCHEDULE OF PRODUCT WARRANTY LIABILITY Year Ended December 31, 2022 2023 Accrued warranty reserve, beginning of year $ 1,333 $ 2,054 Accrual for product warranties issued 1,103 1,238 Product replacements and other warranty expenditures (481 ) (503 ) Expiration of warranties 99 (136 ) Accrued warranty reserve, end of year (a) $ 2,054 $ 2,653 (a) Includes accrued warranty included in other long-term liabilities at December 31, 2022 and 2023 of $ 1,309 1,688

LEASES

LEASES	12 Months Ended
	Dec. 31, 2023
Leases
LEASES	NOTE 14 - LEASES The Company determines whether an arrangement is a lease at inception. The Company has operating leases for office space and office equipment. The Company’s leases have remaining lease terms of one year 10 options to extend the lease term for up to five years Right-of-use (“ROU”) assets represent the Company’s right to use an underlying asset for the lease term, and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. Operating lease ROU assets and operating lease liabilities are recognized at the lease commencement date based on the present value of the future lease payments over the lease term. The operating lease ROU asset also includes any lease payments made in advance of lease commencement and excludes lease incentives. The lease terms used in the calculations of the operating ROU assets and operating lease liabilities include options to extend or terminate the lease when the Company is reasonably certain that it will exercise those options. Lease expense for lease payments is recognized on a straight-line basis over the lease term. As the Company’s leases do not provide an implicit rate, the Company uses its incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. The Company has lease agreements with lease and non-lease components, which are generally not accounted for separately. The Company has lease agreements 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 consolidated statements of operations. Components of lease expense are as follows: SCHEDULE OF COMPONENTS OF LEASE EXPENSE Year Ended December 31, 2022 2023 Short term lease cost: $ 443 $ 453 Supplemental cash flow information and non-cash activity related to the Company’s operating leases are as follows: SCHEDULE OF CASH FLOW INFORMATION AND NON CASH ACTIVITY OF OPERATING LEASES Year Ended December 31, 2022 2023 Non-cash activity: Right-of-use assets obtained in exchange for lease obligations $ 1,450 $ 1,198 Weighted-average remaining lease term and discount rate for the Company’s operating leases are as follows: SCHEDULE OF WEIGHTED AVERAGE REMAINING LEASE TERM AND DISCOUNT RATE December 31, 2023 Weighted-average remaining lease term (in years) 2.73 Weighted-average discount rate 5.86 % Scheduled maturities of operating lease liabilities outstanding as of December 31, 2023 are as follows: SCHEDULED MATURITIES OF OPERATING LEASE LIABILITIES Year ending December 31, 2024 $ 2,463 2025 2,170 2026 1,012 2027 377 2028 316 Thereafter 654 Total lease payments 6,992 Less: Imputed interest (581 ) Present value of lease liabilities $ 6,411

CONVERTIBLE REDEEMABLE PREFERRE

CONVERTIBLE REDEEMABLE PREFERRED STOCK AND STOCKHOLDERS’ EQUITY	12 Months Ended
	Dec. 31, 2023
Equity [Abstract]
CONVERTIBLE REDEEMABLE PREFERRED STOCK AND STOCKHOLDERS’ EQUITY	NOTE 15 – CONVERTIBLE REDEEMABLE PREFERRED STOCK AND STOCKHOLDERS’ EQUITY [A] Public Offering: On February 1, 2021 the Company closed an underwritten public offering of 4,428 28,800 [B] Convertible 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 Pointer Merger, on October 3, 2019, the Company issued 50 4 1 SCHEDULE OF PREFERRED CONVERTIBLE REDEEMABLE PREFERRED STOCK Number of Shares Amount Balance at January 1, 2021 55 $ 56,703 Dividend paid in kind shares issued - - Accretion of preferred stock - 5,191 Balance at December 31, 2021 55 $ 61,894 Dividend paid in kind shares issued 4 4,231 Accretion of preferred stock - 5,906 Balance at December 31, 2022 59 $ 72,031 Dividend paid in kind shares issued 1 1,107 Accretion of preferred stock - 7,139 Balance at December 31, 2023 60 $ 80,277 Liquidation The Series A Preferred Stock has a liquidation preference equal to the greater of (i) the original issuance price of $ 1,000.00 30,091 Dividends Holders of Series A Preferred Stock are entitled to receive cumulative dividends at a minimum rate of 7.5 17.5 SCHEDULE OF DIVIDEND PAID ACTIVITY Dividends paid in cash Dividends paid in shares Total Year Ended December 31, 2021 $ 4,112 $ - $ 4,112 Year Ended December 31, 2022 $ - $ 4,231 $ 4,231 Year Ended December 31, 2023 $ 3,385 $ 1,108 $ 4,493 As of December 31, 2022 and December 31, 2023, dividends in arrears were $- 0 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. The Company classifies its Series A Preferred Stock outside of stockholders’ equity as the redemption of such shares is outside the Company’s control. The Company adjusts the carrying values of the Series A Preferred Stock to redemption value to the earliest redemption date using the effective interest rate method. Concurrently with the closing of the MiX Combination on April 2,2024, the Company redeemed in full all of the outstanding shares of the Series A Preferred Stock (see Note 20, Subsequent Events).

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	12 Months Ended
	Dec. 31, 2023
Accumulated Other Comprehensive Income
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	NOTE 16 - ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) Comprehensive income (loss) includes net loss and unrealized gains or losses on available-for-sale investments and foreign currency translation gains and losses. Cumulative unrealized gains and losses on available-for-sale investments are reflected as accumulated other comprehensive loss in stockholders’ equity on the Company’s Consolidated Balance Sheets. The accumulated balances for each classification of other comprehensive income (loss) are as follows: SCHEDULE OF ACCUMULATED OTHER COMPREHENSIVE LOSS Foreign currency translation adjustment Unrealized gain (losses) on investments Accumulated other comprehensive income (loss) Balance at January 1, 2021 $ 399 $ - $ 399 Net current period change (8 ) - (8 ) Balance at December 31, 2021 $ 391 $ - $ 391 Net current period change (1,601 ) - (1,601 ) Balance at December 31, 2022 $ (1,210 ) $ - $ (1,210 ) Net current period change 594 - 594 Balance at December 31, 2023 $ (616 ) $ - $ (616 )

SEGMENT INFORMATION

SEGMENT INFORMATION	12 Months Ended
	Dec. 31, 2023
Segment Reporting [Abstract]
SEGMENT INFORMATION	NOTE 17 – SEGMENT INFORMATION The Company operates in one SCHEDULE OF REVENUES AND LONG LIVED ASSETS BY GEOGRAPHICAL REGION 2021 2022 2023 Year Ended December 31, 2021 (as restated) 2022 (as restated) 2023 United States $ 50,772 $ 57,437 $ 59,233 Israel 44,673 44,580 41,689 Other 30,515 33,895 32,814 Total revenues $ 125,960 $ 135,912 $ 133,736 2021 2022 2023 Year Ended December 31, 2021 2022 2023 Long lived assets by geographic region: United States $ 1,123 $ 941 $ 1,081 Israel 3,675 3,545 3,923 Other 4,190 4,763 7,379 Long lived assets $ 8,988 $ 9,249 12,383

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE 18 - INCOME TAXES Loss before income taxes consists of the following: SCHEDULE OF LOSS BEFORE INCOME TAXES 2021 2022 2023 Year Ended December 31, 2021 (As restated) 2022 (As restated) 2023 U.S. operations $ (14,996 ) $ (10,303 ) $ (16,494 ) Foreign operations 4,113 4,421 11,443 Loss before income tax $ (10,883 ) $ (5,882 ) $ (5,051 ) The provision for income taxes consists of the following for the years ended December 31: SCHEDULE OF PROVISION FOR INCOME TAXES 2021 2022 2023 Current: Federal $ - $ - $ - State 16 93 68 Foreign 127 69 519 Total current provision $ 143 $ 162 $ 587 Deferred: Federal $ - $ - $ - State - - - Foreign 1,745 708 2 Total deferred provision $ 1,745 $ 708 $ 2 Total (benefit) provision for income taxes $ 1,888 $ 870 $ 589 The difference between income taxes at the statutory federal income tax rate and income taxes reported in the Consolidated Statements of Operations for the years ended December 31 is attributable to the following: SCHEDULE OF STATUTORY FEDERAL INCOME TAX RATE 2021 2022 2023 Income tax benefit at the federal statutory rate (2,285 ) (1,236 ) (1,061 ) State and local income taxes, net of federal taxes 411 (313 ) (298 ) (Decrease) increase in valuation allowance 595 (1,105 ) 1,488 Remeasurement of deferred tax adjustments 1,302 359 4 Permanent differences and other 269 810 678 Foreign rate differential 1,008 (151 ) (1,924 ) GILTI inclusion 509 2,425 1,586 Other 79 81 57 Acquisition fees - - 59 Income tax expense 1,888 870 589 The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at December 31, 2022 and 2023 are presented below: SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES December 31, 2022 (As restated) December 31, 2023 Deferred tax assets: $ $ Net operating loss carryforwards 27,722 27,643 Capital loss carryforwards 10,670 10,465 Deferred revenue 2,035 2,241 Stock-based compensation 459 302 Federal research and development tax credits 1,058 1,058 Capitalized research 980 1,396 Inventories 324 411 Bad debt reserve 594 724 Deferred lease liability 548 425 Other deductible temporary differences 2,610 2,055 Acquisition costs - 923 Total gross deferred tax assets $ 47,000 $ 47,643 Less: valuation allowance (43,692 ) (44,780 ) Net deferred tax assets $ 3,308 $ 2,863 Deferred tax liabilities: $ $ Intangible amortization (4,403 ) (4,068 ) ROU assets (498 ) (382 ) Total deferred tax liabilities $ (4,901 ) $ (4,450 ) Net deferred tax liabilities $ (1,593 ) $ (1,587 ) A reconciliation of the beginning and ending amount of unrecognized tax positions is as follows as of December 31: SCHEDULE OF UNRECOGNIZED TAX POSITIONS 2022 (As restated) 2023 (revised) Balance at the beginning of the year $ 384 $ 344 Additions based on tax provisions taken related to current year 123 139 Reductions related to expiration of statute of limitations (163 ) (189 ) Balance at the end of year $ 344 $ 294 The unrecognized tax benefits, if recognized, would reduce the Company’s annual effective tax rate. The Company does not expect any significant changes to its unrecognized tax positions during the next twelve months. At December 31, 2023, the Company had an aggregate net operating loss carryforward of approximately $ 78,675 for U.S. federal income tax purposes. At December 31, 2023, the Company had an aggregate net operating loss carryforward of approximately $ 39,263 for state income tax purposes and a foreign net operating loss carryforwards of approximately $ 29,020 . Substantially all of the net operating loss carryforwards expire from 2024 through 2037 for pre-2018 federal net operating loss carryforwards and from 2024 through 2042 for state purposes. The net operating loss carryforwards may be limited to use in any particular year based on Internal Revenue Code (“IRC”) Section 382 related to change of ownership restrictions. Section 382 of the IRC imposes an annual limitation on the utilization of NOL carryforwards based on long-term bond rates and the value of the corporation at the time of a change in ownership as defined by Section 382 of the IRC. In 2019, the Company incurred a change in ownership under Section 382 of the IRC and this change of ownership is not expected to materially impact the Company’s ability to utilize its net operating loss carryforward amounts in the future. In addition, future stock issuances may subject the Company to further limitations on the utilization of its net operating loss carryforwards under the same Internal Revenue Code provision. At December 31, 2023, the Company has New Jersey net operating loss carryforwards (“NJ NOLs”) included above in the approximate amount of $ 8,567 The Company is asserting permanent reinvestment of all accumulated undistributed earnings of its foreign subsidiaries as of December 31, 2023 in excess of annual debt service costs requirements. For the year ended December 31, 2023, the Company’s valuation allowance increased to $ 44,780 , compared to $ 43,692 as of December 31, 2022 primarily due to the increase of net operating losses and other timing differences. The Company has provided a valuation allowance against the full amount of its domestic deferred tax assets and the majority of the foreign deferred tax assets. The valuation allowance was established because of the uncertainty of realization of the deferred tax assets due to lack of sufficient history of generating taxable income. Realization is dependent upon generating sufficient taxable income prior to the expiration of the net operating loss carryforwards in future periods. The valuation decreased in 2022 by $ 1,333 and increased in 2023 by $ 1,088 . Audits for federal income tax returns are closed for the years through 2019. However, the Internal Revenue Service (“IRS”) can audit the NOL’s generated during those years in the years that the NOL’s are utilized. State income tax returns are generally subject to examination for a period of three to six years after the filing of the respective tax return. The state impact of any federal changes remains subject to examination by various states for a period of up to one year after formal notification to the states. Foreign income tax returns are generally subject to examination based on the tax laws of the respective jurisdictions. 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 IRA is federal legislation designed to raise revenue from, among other things, the imposition of certain corporate tax measures, while authorizing spending on energy and climate change initiatives and subsidizing the Affordable Care Act. The IRA also introduced a 1 On August 9, 2022, the President of the United States signed into law H.R. 4346, “The CHIPS and Science Act of 2022.” CHIPS is a federal statue providing funding for research and domestic production of semiconductors. Additional funding can be provided through CHIPS to various federal agencies as well as towards climate science research. Tax measures include a 25% advanced investment tax credit 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 December 31, 2023.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 19 - COMMITMENTS AND CONTINGENCIES Except for normal operating leases, the Company is not currently subject to any material commitments. [A] Contingencies: From time to time, the Company is involved in various litigation matters involving claims incidental to its business and acquisitions, including employment matters, acquisition related claims, patent infringement and contractual matters, among other issues. While the outcome of any such litigation matters cannot be predicted with certainty, management currently believes that the outcome of these proceedings, including the matters described below, either individually or in the aggregate, will not have a material adverse effect on its business, results of operations or financial condition. The Company records reserves related to legal matters when losses related to such litigation or contingencies are both probable and reasonably estimable. In August 2014, Pointer do Brasil Comercial Ltda. (“Pointer Brazil”) received a notification of lack of payment of VAT tax (Brazilian ICMS tax) in the amount of $ 219 1,164 1,383 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 $ 13,482 226 On February 24, 2022, Pointer Mexico received a notification for 2015 tax assessment in the amount of $ 238 238

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2023
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 20 – SUBSEQUENT EVENTS On February 28, 2024, the Company held a special meeting of stockholders during which the stockholders approved, among other things, the issuance of shares of common stock of the Company to shareholders of MiX Telematics pursuant to the Implementation Agreement and an amendment of the Company’s amended and restated certificate of incorporation to increase the number of authorized shares of common stock from 75 175 On March 7, 2024, the Company entered into the Facilities Agreement with RMB, pursuant to which RMB agreed to provide the Company with two term loan facilities in an aggregate principal amount of $ 85 42.5 42.5 On March 18, 2024, the Borrowers entered into the A&R Credit Agreement, which refinanced the facilities under, and amended and restated, the Prior Credit Agreement. The A&R Credit Agreement provides for (i) two senior secured term loan facilities denominated in NIS to Powerfleet Israel in an aggregate principal amount of $ 30 20 10 20 10 10 30 11.2 On April 2, 2024, the MiX Combination was consummated, and MiX Telematics became an indirect, wholly owned subsidiary of the Company. Concurrently with the closing of the MiX Combination, the Company used the net proceeds received from RMB and from incremental borrowing capacity as a result of the refinancing of credit facilities with Hapoalim to redeem in full for $ 90.3

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Principles of consolidation	[A] Principles of consolidation The consolidated financial statements include the accounts of Powerfleet, Inc. and its subsidiaries (which, as noted above, are collectively referred to herein as the “Company”). All material intercompany balances and transactions have been eliminated in consolidation.
Use of estimates	[B] Use of estimates The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). 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 realization of deferred tax assets, accounting for uncertain tax positions, the impairment of intangible assets, including goodwill, capitalized software development costs, market-based stock-based compensation costs, and assumptions used in business combinations. Actual results could differ from those estimates. As of December 31, 2023, the impact of global uncertainties continues to unfold. As a result, many of our estimates and assumptions required increased judgment and carry a higher degree of variability and volatility. As events continue to evolve and additional information becomes available, our estimates may change materially in future periods.
Cash and cash equivalents	[C] 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, 2022 and 2023 consists of cash held in escrow for purchases from a vendor.
Accounts receivable and allowance for credit losses	[D] Accounts receivable and allowance for credit losses Accounts receivable are recorded at the invoiced amount and do not bear interest. Amounts collected on trade accounts receivable are included in net cash provided by operating activities in the consolidated statements of cash flows. The Company maintains an allowance for credit losses against its accounts receivable for potential losses. The Company’s receivables were evaluated to determine an appropriate allowance for credit losses. For trade receivables, the Company’s historical collections were analyzed by the number of days past due to determine the uncollectible rate in each range of days past due and considerations of any changes expected in the future. The estimate of the allowance for credit losses is charged to the allowance for credit losses based on the age of receivables multiplied by the historical uncollectible rate for the range of days past due or earlier if the account is deemed uncollectible for other reasons. Recoveries of amounts previously charged as uncollectible are credited to the allowance for credit losses. Accounts receivable is net of an allowance for credit losses in the amount of $ 2,567 2,797 An analysis of the allowance for credit losses for the period ended December 31, 2023 is as follows: SCHEDULE OF ALLOWANCE FOR CREDIT LOSSES Allowance for credit losses, December 31, 2022 $ 2,567 Allowance for credit losses, beginning balance $ 2,567 Adjustment for adoption of ASU 2016-13 (200 ) Current period provision for expected credit losses 1,767 Write-offs charged against the allowance (1,473 ) Foreign currency translation 136 Allowance for credit losses, December 31, 2023 $ 2,797 Allowance for credit losses, ending balance $ 2,797 During the year ended December 31, 2023, the change in the allowance for credit losses was due to the change in the age of trade receivables, offset by write-offs of bad debts.
Revenue recognition	[E] 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 an expense when the products are sold (see Note 13). Revenue is recognized when performance obligations under the terms of a contract with the 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 are not distinct 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 future services are deferred and classified as a current and long-term liability. The deferred revenue is 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. Payment terms are generally 30 days after invoice date. 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 is 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 operating or sales-type leases. Accordingly, for sales-type leases 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 (“SSP”). Judgment is required to determine the SSP for each distinct performance obligation. The Company generally determines standalone selling prices based on observable prices charged to customers. Significant pricing practices taken into consideration include the Company’s discounting practices, the size and volume of its transactions, the customer demographic, price lists, its go-to-market strategy and historical and current sales and contract prices. As the Company’s go-to-market strategies evolve, it may modify its pricing practices in the future, which could result in changes to SSP. In certain cases, the Company is able to establish SSP based on observable prices of products or services sold separately in comparable circumstances to similar customers. The Company uses a single amount to estimate SSP when it has observable prices. If SSP is not directly observable, for example when pricing is highly variable, the Company uses a range of SSP. The Company determines the SSP range using information that may include pricing practices or other observable inputs. The Company typically has more than one SSP for individual products and services due to the stratification of those products and services by customer size. The Company recognizes an asset for the incremental costs of obtaining the contract arising from the sales commissions to employees because the Company expects to recover those costs through future fees from the customers. The Company amortizes the asset over one to five years because the asset relates to the services transferred to the customer during the contract term of one to five years. The Company does not disclose the value of unsatisfied performance obligations for (i) contracts with an original expected length of one year or less and (ii) contracts for which the Company recognizes revenue at the amount to which the Company has the right to invoice for services performed.
Deferred costs	[F] Deferred costs : Deferred product costs consist of Powerfleet for Logistics equipment costs deferred in accordance with our revenue recognition policy. The Company evaluates the realizability of the carrying amount of the deferred contract costs. To the extent the carrying value of the deferred contract costs exceeds the contract revenue, an impairment loss will be recognized.
Inventory	[G] Inventory Inventories are stated at the lower of cost or net realizable value. Cost is determined using the “moving average” cost method or the first-in first-out (“FIFO”) method. Inventory consists of components, work in process and finished products. Inventory valuation reserves are established in order to report inventories at the lower of cost or net realizable value in the consolidated balance sheet. The determination of inventory valuation reserves requires management to make estimates and judgments on the future salability of inventories. Valuation reserves for obsolete and slow-moving inventory are estimated based on assumptions of future sales forecasts, product life cycle expectations, the impact of new product introductions, production requirements, and specific identification of items, such as product discontinuance or engineering/material changes and by comparing the inventory levels to historical usage rates.
Fixed assets and depreciation	[H] Fixed assets and depreciation Fixed assets are recorded at cost, net of accumulated depreciation. Depreciation and amortization are recognized using the straight-line method over the estimated useful lives of the assets. The following table provides the range of estimated useful lives used for each asset type: SCHEDULE OF ESTIMATED USEFUL LIVES OF ASSET Useful Life (years) Computer software 3 5 Installed products 3 5 Computers and electronic equipment 3 10 Furniture and fixtures 5 7 Leasehold improvements Shorter of useful life or lease term
Long-lived assets	[I] Long-lived assets Long-lived assets, which includes definite lived intangible assets and fixed assets, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is assessed by a comparison of the carrying amount of the assets to the future undiscounted net cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets and would be charged to earnings. Fair value is determined through various valuation techniques including discounted cash flow models, quoted market values and third-party independent appraisals, as considered necessary.
Goodwill and intangibles	[J] Goodwill and intangibles Goodwill represents costs in excess of fair values assigned to the underlying net assets of acquired businesses. Goodwill and intangible assets deemed to have indefinite lives are not amortized and are tested for impairment on an annual basis and between annual tests whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. Intangible assets other than goodwill are amortized over their useful lives unless the lives are determined to be indefinite. Intangible assets are carried at cost, less accumulated amortization. Intangible assets consist of trademarks and trade name, patents, customer relationships, software to be sold or leased, and other intangible assets. Goodwill is tested at the reporting unit level, which is defined as an operating segment or one level below the operating segment. The Company operates in one operating segment which is its only reporting unit. The Company tests its goodwill for impairment annually, which is the first day of the Company’s fourth quarter or when an indicator of impairment exists, by comparing the fair value of the reporting unit to its carrying value. In the evaluation of goodwill for impairment, the Company has the option to perform a qualitative assessment to determine whether further impairment testing is necessary or to perform a quantitative assessment by comparing the fair value of a reporting unit to its carrying amount, including goodwill. Under the qualitative assessment, an entity is not required to calculate the fair value of a reporting unit unless the entity determines that it is more likely than not that its fair value is less than its carrying amount. By eliminating “Step 2” from the goodwill impairment test, the quantitative analysis of goodwill will result in an impairment loss for the amount that the carrying value of the reporting unit exceeds its fair value which is limited to the total amount of goodwill allocated to the reporting unit. The Company performed a quantitative assessment whereby the fair value of the reporting unit is calculated using a market approach and a discounted cash flow method, as a form of the income approach. The market approach includes the use of comparative revenue and adjusted EBITDA multiples to complement discounted cash flow results. The discounted cash flow method is based on the present value of the projected cash flows and a terminal value. The terminal value represents the expected normalized future cash flows of the reporting unit beyond the cash flows from the discrete projection period. The fair value of the reporting unit is calculated based on the sum of the present value of the cash flows from the discrete period and the present value of the terminal value. The discount rate represented our estimate of the WACC, or expected return, that a marketplace participant would have required as of the valuation date. The application of our goodwill impairment test required key assumptions underlying our valuation model. The discounted cash flow analysis factored in assumptions on discount rates and terminal growth rates to reflect risk profiles, as well as revenue and cost growth relative to history and market trends and expectations. The market multiples approach incorporated judgment involved in the selection of comparable public company multiples and benchmarks. The selection of companies and multiples was influenced by differences in growth and profitability, and volatility in market prices of peer companies. These valuation inputs are inherently judgmental, and an adverse change in one or a combination of these inputs could trigger a goodwill impairment loss in the future. In connection with the Company’s goodwill impairment testing as of October 1, 2023, the estimated fair value exceeded its carrying value by approximately 6 For the years ended December 31, 2021, 2022 and 2023, the Company did not incur an impairment charge.
Product warranties	[K] Product warranties The Company typically provides a 1 – 5-year warranty on its products.
Research and development	[L] Research and development Research and development costs are charged to expense as incurred and consists primarily of salaries and related expenses, supplies and contractor costs. Research and development costs were $ 11,429 8,472 8,380
Patent costs	[ M] Patent costs Costs incurred in connection with acquiring patent rights are charged to expense as incurred.
Concentrations of credit risk	[N] Concentrations of credit risk Financial instruments that potentially subject the Company and its subsidiaries to concentrations of credit risk consist principally of cash and cash equivalents, trade receivables and trade payables. The Company’s cash and cash equivalents are invested primarily in deposits with major banks worldwide. Generally, these deposits may be redeemed upon demand and, therefore, bear low risk. Management believes that the financial institutions that hold the Company’s investments have a high credit rating. For the years ended December 31, 2023, 2022, and 2021, there were no customers who generated revenues greater than 10 10
Benefit plan	[O] Benefit plan The Company maintains a retirement plan under Section 401(k) of the Internal Revenue Code, which covers all eligible employees. All employees with U.S. source income are eligible to participate in the plan immediately upon employment. The Company did not make any contributions to the plan during the year ended December 31, 2021. In 2022 and 2023, the Company contributed $ 285 379
Severance pay	[P] Severance pay The liability of the Company’s subsidiaries in Israel for severance pay is calculated pursuant to Israel’s Severance Pay Law 5273-1963 (the “Severance Law”) based on the most recent salary of the employees multiplied by the number of years of employment as of balance sheet date and are presented on an undiscounted basis. Employees are entitled to one month’s salary for each year of employment, or a portion thereof. The liability for the Company and its subsidiaries in Israel is fully provided by monthly deposits with insurance policies and by accrual. The value of these policies is recorded as an asset in the Company’s balance sheet. The deposited funds may be withdrawn only upon the fulfillment of the obligation pursuant to the Severance Law or labor agreements. The value of the deposited funds is based on the cash surrendered value of these policies, and includes profits or losses accumulated to balance sheet date. Some of the Company’s employees are subject to Section 14 of the Severance Law and the General Approval of the Labor Minister dated June 30, 1998, issued in accordance to the said Section 14, mandating that upon termination of such employees’ employment, all the amounts accrued in their insurance policies shall be released to them. The severance pay liabilities and deposits covered by these plans are not reflected in the balance sheet as the severance pay risks have been irrevocably transferred to the severance funds.
Stock-based compensation	[Q] Stock-based compensation The Company accounts for stock-based employee compensation for all share-based payments, including grants of stock options and restricted stock, as an operating expense based on their fair values on the grant date. The Company recorded stock-based compensation expense of $ 4,416 , $ 4,343 , and $ 3,908 for the years ended December 31, 2021, 2022 and 2023, respectively. The Company estimates the fair value of share-based option awards on the grant date using an option pricing model. The value of the portion of the award that is ultimately expected to vest is recognized as expense over the requisite service period in the Company’s consolidated statement of operations. The Company estimates forfeitures at the time of grant in order to estimate the amount of share-based awards that will ultimately vest. The estimate is based on the Company’s historical rates of forfeitures. Estimated forfeitures are revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates.
Income taxes	[R] Income taxes The Company uses the asset and liability method of accounting for deferred income taxes. Deferred income taxes are measured by applying enacted statutory rates to net operating loss carryforwards and to the differences between the financial reporting and tax bases of assets and liabilities. Deferred tax assets are reduced, if necessary, by a valuation allowance if it is more likely than not that some portion or all of the deferred tax assets will not be realized. The Company recognizes uncertainty in income taxes in the financial statements using a recognition threshold and measurement attribute of a tax position taken or expected to be taken in a tax return. The Company applies the “more-likely-than-not” recognition threshold to all tax positions, commencing at the adoption date of the applicable accounting guidance, which resulted in no unrecognized tax benefits as of such date. Additionally, there have been no unrecognized tax benefits subsequent to adoption. The Company has opted to classify interest and penalties that would accrue according to the provisions of relevant tax law as selling, general, and administrative expenses and incomes taxes, respectively, in the consolidated statement of operations. For the years ended December 31, 2021, 2022 and 2023, interest and penalties were immaterial. The Company elected to account for the U.S. tax on its Global Intangible Low-Taxed Income (“GILTI”) from its foreign subsidiaries as a period cost and, therefore included GILTI expense in its effective tax rate calculation.
Fair value of financial instruments	[S] Fair value of financial instruments The Company utilizes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The following is a brief description of those levels: ● Level 1: Unadjusted quoted prices in active markets for identical assets or liabilities ● Level 2: Inputs other than quoted prices that are observable for the asset or liability, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active. ● Level 3: Unobservable inputs that reflect the reporting entity’s estimates of market participant assumptions The Company’s cash and cash equivalents and investments in securities 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 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 December 31, 2023 Carrying Amount Fair Value Debt $ 21,091 $ 20,919
Advertising and marketing expense	[T] Advertising and marketing expense Advertising and marketing costs are expensed as incurred. Advertising and marketing expense for the years ended December 31, 2021, 2022 and 2023 amounted to $ 1,185 1,130 2,300
Foreign currency	[U] Foreign currency 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 are $ (8) (1,601) 594 Foreign currency transaction 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 transaction gains (losses) for the years ended December 31, 2021, 2022 and 2023 of $ (128) , $ (847) , and $ 277 , respectively, are included in selling, general and administrative expenses in the Consolidated Statement of Operations. Foreign currency transaction gains (losses) related to long-term debt of $ 810 , $ 2,689 and $ 591 , for the years ended December 31, 2021, 2022 and 2023, respectively, are included in interest expense in the Consolidated Statement of Operations.
Commitments and contingencies	[ V] Commitments and contingencies From time to time, the Company is involved in various litigation matters involving claims incidental to its business and acquisitions, including employment matters, acquisition related claims, patent infringement and contractual matters, among other issues. While the outcome of any such litigation matters cannot be predicted with certainty, management currently believes that the outcome of these proceedings, including the matters described below, either individually or in the aggregate, will not have a material adverse effect on its business, results of operations or financial condition. The Company records reserves related to legal matters when losses related to such litigation or contingencies are both probable and reasonably estimable.
Recently issued accounting pronouncements	[W] Recently issued accounting pronouncements In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures” (“ASU 2023-07”), which requires additional operating segment disclosures in annual and interim consolidated financial statements. ASU 2023-07 is effective for annual periods beginning after December 15, 2023 and for interim periods beginning after December 15, 2024 on a retrospective basis, with early adoption permitted. The Company is evaluating the effect of adopting ASU 2023-07. In December 2023, the FASB issued Accounting Standards Update No. 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures” (“ASU 2023-09”), which requires disclosure of disaggregated income taxes paid, prescribes standard categories for the components of the effective tax rate reconciliation and modifies other income tax-related disclosures. ASU 2023-09 is effective for annual periods beginning after December 15, 2024 on a retrospective or prospective basis. The Company is evaluating the effect of adopting ASU 2023-09. 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 adopted ASU No. 2016-13 on January 1, 2023. The adoption of the standard did not result in a material impact on the consolidated financial statements.
Business Combinations	[X] Business Combinations In accordance with ASC 805, Business Combinations (ASC 805), the Company recognizes the tangible and intangible assets acquired and liabilities assumed based on their estimated fair values. Determining these fair values requires management to make significant estimates and assumptions, especially with respect to intangible assets. The Company recognizes identifiable assets acquired and liabilities assumed at their acquisition date fair value. During the measurement period, which may be up to one year from the acquisition date, the Company records adjustments to the assets acquired and liabilities assumed with the corresponding offset to goodwill or bargain purchase to the extent that it identifies adjustments to the preliminary fair values. Upon the conclusion of the measurement period or final determination of the values of assets acquired or liabilities assumed, any subsequent adjustments are recorded to the consolidated statements of operations.
Segment Information	[Y] Segment Information The Company has a single operating and reportable segment. The Company’s chief operating decision maker is its Chief Executive Officer, who reviews financial information presented on a consolidated basis for purposes of making operating decisions, assessing financial performance, and allocating resources. The Company derives its revenue from the sale of systems and products and from customer SaaS and hosting infrastructure fees (see Note 17 – Segment Information).

RESTATEMENT OF CONSOLIDATED F_2

RESTATEMENT OF CONSOLIDATED FINANCIAL STATEMENTS (Tables)	12 Months Ended
	Dec. 31, 2023
Accounting Changes and Error Corrections [Abstract]
SCHEDULE OF CONSOLIDATION FINANCIAL STATEMENTS	Consolidation Financial Statements – Restatement Reconciliation Tables SCHEDULE OF CONSOLIDATION FINANCIAL STATEMENTS Audited Financial Statements The following table presents the impact of the financial statement adjustments on the Company’s previously reported Consolidated Balance Sheet as of December 31, 2022: December 31, 2022 (As restated) As Reported Redemption Premium Adjustment Other Adjustments As ASSETS Current assets: Cash and cash equivalents $ 17,680 $ - $ - $ 17,680 Restricted cash 309 - - 309 Accounts receivable 32,493 - 154 32,647 Inventory, net 22,272 - - 22,272 Deferred costs - current 762 - - 762 Prepaid expenses and other current assets 7,709 - (173 ) 7,536 Total current assets 81,225 - (19 ) 81,206 Deferred costs less current portion - - - - Fixed assets, net 9,249 - - 9,249 Goodwill 83,487 - - 83,487 Intangible assets, net 22,908 - - 22,908 Right of use asset 7,820 - - 7,820 Severance payable fund 3,760 - - 3,760 Deferred tax asset 3,225 - 83 3,308 Other assets 5,761 - 557 6,318 Total assets $ 217,435 $ - $ 621 $ 218,056 LIABILITIES Current liabilities: Short-term bank debt and current maturities of long-term debt $ 10,312 $ - $ - $ 10,312 Convertible note payable - - - - Accounts payable and accrued expenses 26,598 - (1,201 ) 25,397 Deferred revenue - current 6,363 - 13 6,376 Lease liability - current 2,441 - - 2,441 Total current liabilities 45,714 - (1,188 ) 44,526 Long-term debt - less current maturities 11,403 - - 11,403 Deferred revenue - less current portion 4,390 - 41 4,431 Lease liability - less current portion 5,628 - - 5,628 Accrued severance payable 4,365 - - 4,365 Deferred tax liability 4,919 - (18 ) 4,901 Other long-term liabilities 636 - 1,152 1,788 Total liabilities 77,055 - (13 ) 77,042 Commitments and Contingencies (note 19) Convertible redeemable preferred stock 57,565 14,466 - 72,031 Preferred stock - - - - Common stock 376 - - 376 Additional paid-in capital 233,521 (14,466 ) - 219,055 Accumulated deficit (141,440 ) - 634 (140,806 ) Accumulated other comprehensive loss (1,210 ) - - (1,210 ) Treasury stock (8,510 ) - - (8,510 ) STOCKHOLDERS’ EQUITY Total Powerfleet, Inc. stockholders’ equity 82,737 (14,466 ) 634 68,905 Non-controlling interest 78 - - 78 Total equity 82,815 (14,466 ) 634 68,983 Total liabilities, convertible redeemable preferred stock, and stockholders’ equity $ 217,435 $ - $ 621 $ 218,056 The following table presents the impact of the financial statement adjustments on the Company’s previously reported Consolidated Statement of Operations for the year ended December 31, 2021: Year Ended December 31, 2021 (As restated) As Reported Redemption Premium Adjustment Other As Revenues: Products $ 52,981 $ - $ (79 ) $ 52,902 Services 73,227 - (169 ) 73,058 Total revenues 126,208 - (248 ) 125,960 Cost of revenues: Cost of products 39,445 - 182 39,627 Cost of services 26,580 - - 26,580 Total cost of revenues 66,025 - 182 66,207 Gross profit 60,183 - (430 ) 59,753 Operating expenses: Selling, general and administrative expenses 57,100 - (604 ) 56,496 Research and development expenses 11,058 - 371 11,429 Total operating expenses 68,158 - (233 ) 67,925 Loss from operations (7,975 ) - (197 ) (8,172 ) Interest income 45 - - 45 Interest expense, net (2,764 ) - - (2,764 ) Bargain purchase – Movingdots - - - - Other (expense) income, net 8 - - 8 Net loss before income taxes (10,686 ) - (197 ) (10,883 ) Income tax (expense) benefit (2,607 ) - 719 (1,888 ) Net loss before non-controlling interest (13,293 ) - 522 (12,771 ) Non-controlling interest 5 - - 5 Net loss (13,288 ) - 522 (12,766 ) Accretion of preferred stock (672 ) (4,518 ) - (5,190 ) Preferred stock dividends (4,112 ) - - (4,112 ) Net loss attributable to common stockholders $ (18,072 ) $ (4,518 ) $ 522 $ (22,068 ) Net loss per share attributable to common $ (0.52 ) $ (0.13 ) $ 0.02 $ (0.64 ) Weighted average common shares outstanding – basic and diluted 34,571 34,571 34,571 34,571 The following table presents the impact of the financial statement adjustments on the Company’s previously reported Consolidated Statement of Operations for the year ended December 31, 2022: Year Ended December 31, 2022 (As restated) As Reported Redemption Premium Adjustment Other As Revenues: Products $ 56,313 $ - $ 632 $ 56,945 Services 78,844 - 123 78,967 Total revenues 135,157 - 755 135,912 Cost of revenues: Cost of products 42,636 - (67 ) 42,569 Cost of services 28,350 - - 28,350 Total cost of revenues 70,986 - (67 ) 70,919 Gross profit 64,171 - 822 64,993 Operating expenses: Selling, general and administrative expenses 63,001 - 491 63,492 Research and development expenses 8,964 - (492 ) 8,472 Total operating expenses 71,965 - (1 ) 71,964 Loss from operations (7,794 ) - 823 (6,971 ) Interest income 71 - - 71 Interest expense, net 994 - - 994 Bargain purchase – Movingdots - - - - Other (expense) income, net 24 - - 24 Net loss before income taxes (6,705 ) - 823 (5,882 ) Income tax (expense) benefit (296 ) - (574 ) (870 ) Net loss before non-controlling interest (7,001 ) - 249 (6,752 ) Non-controlling interest (2 ) - - (2 ) Net loss (7,003 ) - 249 (6,754 ) Accretion of preferred stock (671 ) (5,235 ) - (5,906 ) Preferred stock dividends (4,231 ) - - (4,231 ) Net loss attributable to common stockholders $ (11,905 ) $ (5,235 ) $ 249 $ (16,891 ) Net loss per share attributable to common stockholders – basic and diluted $ (0.34 ) $ (0.15 ) $ 0.01 $ (0.48 ) Weighted average common shares outstanding – basic and diluted 35,393 35,393 35,393 35,393 The following table presents the impact of the financial statement adjustments on the Company’s previously reported Consolidated Statements of Changes in Stockholders’ Equity for the years ended December 31, 2021 and 2022, respectively: CORRECTED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY As Reported Redemption premium adjustment Other Adjustments As Restated As Reported Redemption premium adjustment Other Adjustments As Restated Additional Paid-In Capital Accumulated Deficit CORRECTED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY As Reported Redemption premium adjustment Other Adjustments As Restated As Reported Redemption premium adjustment Other Adjustments As Restated Balance at December 31, 2020 $ 206,499 $ (4,713 ) $ - $ 201,786 $ (121,150 ) $ - $ (137 ) $ (121,287 ) Net loss attributable to common stockholders (4,785 ) (4,518 ) - (9,303 ) (13,287 ) - 522 (12,765 ) Issuance of restricted shares (4 ) - - (4 ) - - - - Shares issued pursuant to exercise of stock options 875 - - 875 - - - - Common shares issued, net of issuance costs 26,822 - - 26,822 - - - - Stock based compensation 4,676 - - 4,676 - - - - Balance at December 31, 2021 $ 234,083 $ (9,231 ) $ - $ 224,852 $ (134,437 ) $ - $ 385 $ (134,052 ) Net loss attributable to common stockholders (4,902 ) (5,235 ) - (10,137 ) (7,003 ) - 249 (6,754 ) Issuance of restricted shares (5 ) - - (5 ) - - - - Forfeiture of restricted shares 2 - - 2 - - - - Stock based compensation 4,343 - - 4,343 - - - - Balance at December 31, 2022 $ 233,521 $ (14,466 ) $ - $ 219,055 $ (141,440 ) $ - $ 634 $ (140,806 ) The following table presents the impact of the financial statement adjustments on the Company’s previously reported Consolidated Statement of Comprehensive Loss for the years ended December 31, 2021 and 2022, respectively: Year Ended December 31, 2021 (As restated) 2022 (As restated) As Redemption Other As As Redemption Other As Net loss attributable to common stockholders $ (18,072 ) $ (4,518 ) $ 522 $ (22,068 ) $ (11,905 ) $ (5,235 ) $ 249 $ (16,891 ) Foreign currency translation adjustment (8 ) - - (8 ) (1,601 ) - - (1,601 ) Total other comprehensive loss (8 ) - - (8 ) (1,601 ) - - (1,601 ) Comprehensive loss $ (18,080 ) $ (4,518 ) $ 522 $ (22,076 ) $ (13,506 ) $ (5,235 ) $ 249 $ (18,492 ) The following table presents the impact of the financial statement adjustments on the Company’s previously reported Consolidated Statement of Cash Flows for the year ended December 31, 2021: As Reported Other As Year Ended December 31, 2021 (As restated) As Reported Other As Cash flows from operating activities Net loss $ (13,288 ) $ 522 $ (12,766 ) Adjustments to reconcile net loss to cash (used in) provided by operating activities: Non-controlling interest (5 ) - (5 ) Gain on bargain purchase - - - Inventory reserve (22 ) - (22 ) Stock based compensation expense 4,676 - 4,676 Depreciation and amortization 8,553 - 8,553 Right-of-use assets, non-cash lease expense 2,859 49 2,908 Bad debt expense 1,442 (445 ) 997 Deferred income taxes 2,607 (719 ) 1,888 Other non-cash items 305 - 305 Changes in: Accounts receivable (9,643 ) 94 (9,549 ) Inventory (6,058 ) 115 (5,943 ) Prepaid expenses and other assets (2,918 ) 58 (2,860 ) Deferred costs 3,349 (359 ) 2,990 Deferred revenue (2,290 ) 523 (1,767 ) Accounts payable and accrued expenses 8,300 (160) 8,140 Lease liabilities (2,741 ) (49 ) (2,790 ) Accrued severance payable, net (145 ) - (145 ) Net cash used in operating activities (5,019 ) (371 ) (5,390 ) Cash flows from investing activities: Acquisitions, net of cash assumed - - - Purchase of investments - - - Capitalized software development costs (627 ) - (627 ) Capital expenditures (2,771 ) 371 (2,400 ) Net cash (used in) provided by investing activities (3,398 ) 371 (3,027 ) Cash flows from financing activities: Net proceeds from stock offering 26,867 - 26,867 Repayment of long-term debt (5,571 ) - (5,571 ) Repayment of financing lease (138 ) - (138 ) Short-term bank debt, net (270 ) - (270 ) Purchase of treasury stock upon vesting of restricted stock (794 ) - (794 ) Payment of preferred stock dividend (4,112 ) - (4,112 ) Proceeds from exercise of stock options, net 229 - 229 Net cash used in financing activities 16,211 - 16,211 Effect of foreign exchange rate changes on cash and cash equivalents 531 - 531 Net increase in cash, cash equivalents and restricted cash 8,325 - 8,325 Cash, cash equivalents and restricted cash – beginning of period 18,435 - 18,435 Cash, cash equivalents and restricted cash – end of period $ 26,760 $ - $ 26,760 Reconciliation of cash, cash equivalents, and restricted cash, beginning of period Cash and cash equivalents 18,127 - 18,127 Restricted cash 308 - 308 Cash, cash equivalents, and restricted cash, beginning of period $ 18,435 $ - $ 18,435 Reconciliation of cash, cash equivalents, and restricted cash, end of period Cash and cash equivalents 26,452 - 26,452 Restricted cash 308 - 308 Cash, cash equivalents, and restricted cash, end of period $ 26,760 $ - $ 26,760 Supplemental disclosure of cash flow information: Cash paid for: Taxes 58 - 58 Interest 1,474 - 1,474 Noncash investing and financing activities: Value of shares withheld pursuant to exercise of stock options $ 647 $ - $ 647 The following table presents the impact of the financial statement adjustments on the Company’s previously reported Consolidated Statement of Cash Flows for the year ended December 31, 2022: Cash flows from operating activities As Reported Other As Year Ended December 31, 2022 (As restated) Cash flows from operating activities As Reported Other As Net loss $ (7,003 ) $ 249 $ (6,754 ) Adjustments to reconcile net loss to cash (used in) provided by operating activities: Non-controlling interest 2 - 2 Gain on bargain purchase - - - Inventory reserve 149 - 149 Stock based compensation expense 4,343 - 4,343 Depreciation and amortization 8,262 - 8,262 Right-of-use assets, non-cash lease expense 2,756 - 2,756 Bad debt expense 66 - 66 Deferred income taxes 134 574 708 Other non-cash items 707 - 707 Changes in: Accounts receivable (1,638 ) 270 (1,368 ) Inventory (4,473 ) - (4,473 ) Prepaid expenses and other assets (374 ) (442 ) (816 ) Deferred costs 1,249 359 1,608 Deferred revenue (158 ) (469 ) (627 ) Accounts payable and accrued expenses (484 ) (49 ) (533 ) Lease liabilities (2,739 ) - (2,739 ) Accrued severance payable, net (42 ) - (42 ) Net cash provided by operating activities 757 492 1,249 Cash flows from investing activities: Acquisitions, net of cash assumed - - - Purchase of investments (100 ) - (100 ) Capitalized software development costs (2,219 ) - (2,219 ) Capital expenditures (3,519 ) (492 ) (4,011 ) Net cash used in investing activities (5,838 ) (492 ) (6,330 ) Cash flows from financing activities: Net proceeds from stock offering - - - Repayment of long-term debt (5,659 ) - (5,659 ) Repayment of financing lease (121 ) - (121 ) Short-term bank debt, net 5,709 - 5,709 Purchase of treasury stock upon vesting of restricted stock (211 ) - (211 ) Payment of preferred stock dividend - - - Proceeds from exercise of stock options, net - - - Net cash used in financing activities (282 ) - (282 ) Effect of foreign exchange rate changes on cash and cash equivalents (3,408 ) - (3,408 ) Net decrease in cash, cash equivalents and restricted cash (8,771 ) - (8,771 ) Cash, cash equivalents and restricted cash – beginning of period 26,760 - 26,760 Cash, cash equivalents and restricted cash – end of period $ 17,989 $ - $ 17,989 Reconciliation of cash, cash equivalents, and restricted cash, beginning of period Cash and cash equivalents 26,452 - 26,452 Restricted cash 308 - 308 Cash, cash equivalents, and restricted cash, beginning of period $ 26,760 $ - $ 26,760 Reconciliation of cash, cash equivalents, and restricted cash, end of period Cash and cash equivalents 17,680 - 17,680 Restricted cash 309 - 309 Cash, cash equivalents, and restricted cash, end of period $ 17,989 $ - $ 17,989 Supplemental disclosure of cash flow information: Cash paid for: Taxes 63 - 63 Interest 1,308 - 1,308 Noncash investing and financing activities: Preferred stock dividends paid in shares $ 4,231 $ -- $ 4,231 Unaudited Financial Statements The following table presents the impact of the financial statement adjustments on the Company’s previously reported unaudited Consolidated Balance Sheet as of March 31, 2022: As Reported Redemption Premium Adjustment Adjustments Corrected March 31, 2022 (As restated) As Reported Redemption Premium Adjustment Other As ASSETS Current assets: Cash and cash equivalents $ 20,559 $ - $ - $ 20,559 Restricted cash 308 - - 308 Accounts receivable 31,861 - 55 31,916 Inventory, net 20,313 - - 20,313 Deferred costs – current 1,416 - - 1,416 Prepaid expenses and other current assets 10,716 - - 10,716 Total current assets 85,173 - 55 85,228 Deferred costs less current portion 224 - - 224 Fixed assets, net 8,532 - - 8,532 Goodwill 83,487 - - 83,487 Intangible assets, net 24,848 - - 24,848 Right of use asset 9,597 - - 9,597 Severance payable fund 4,282 - - 4,282 Deferred tax asset 4,977 - - 4,977 Other assets 4,778 - 91 4,869 Total assets $ 225,898 $ - $ 146 $ 226,044 LIABILITIES Current liabilities: Short-term bank debt and current maturities of long-term debt $ 6,006 $ - $ - $ 6,006 Convertible note payable - - - - Accounts payable and accrued expenses 28,777 - (814 ) 27,963 Deferred revenue current 7,168 - 97 7,265 Lease liability – current 2,718 - - 2,718 Total current liabilities 44,669 - (717 ) 43,952 Long-term debt – less current maturities 16,258 - - 16,258 Deferred revenue – less current portion 4,466 - - 4,466 Lease liability – less current portion 7,128 - - 7,128 Accrued severance payable 4,857 - - 4,857 Deferred tax liability 5,305 - (14 5,291 Other long-term liabilities 738 - 814 1,552 Total liabilities 83,421 - 83 83,504 Commitments and Contingencies (note 19) Convertible redeemable preferred stock 53,859 10,414 - 64,273 STOCKHOLDERS’ EQUITY Preferred stock - - - - Common stock 376 - - 376 Additional paid-in capital 233,342 (10,414 ) 317 223,245 Accumulated deficit (137,366 ) - (159 ) (137,525 ) Accumulated other comprehensive loss 644 - (95 ) 549 Treasury stock (8,480 ) - - (8,480 ) Total Powerfleet, Inc. stockholders’ equity 88,516 (10,414 ) 63 78,165 Non-controlling interest 102 - - 102 Total equity 88,618 (10,414 ) 63 78,267 Total liabilities, convertible redeemable preferred stock, and stockholders’ equity $ 225,898 $ - $ 146 $ 226,044 The following table presents the impact of the financial statement adjustments on the Company’s previously reported unaudited Consolidated Balance Sheet as of June 30, 2022: June 30, 2022 (As restated) As Reported Redemption Premium Adjustment Other As ASSETS Current assets: Cash and cash equivalents $ 17,703 $ - $ - $ 17,703 Restricted cash 309 - - 309 Accounts receivable 33,491 - (3 ) 33,488 Inventory, net 23,540 - - 23,540 Deferred costs – current 1,315 - - 1,315 Prepaid expenses and other current assets 9,020 - (78 ) 8,942 Total current assets 85,378 - (81 ) 85,297 Deferred costs less current portion - - - - Fixed assets, net 8,333 - - 8,333 Goodwill 83,487 - - 83,487 Intangible assets, net 24,022 - - 24,022 Right of use asset 8,463 - - 8,463 Severance payable fund 3,610 - - 3,610 Deferred tax asset 4,395 - (448 ) 3,947 Other assets 5,063 - (41 ) 5,022 Total assets $ 222,751 $ - $ (570 ) $ 222,181 LIABILITIES Current liabilities: Short-term bank debt and current maturities of long-term debt $ 7,794 $ - $ - $ 7,794 Convertible note payable - - - - Accounts payable and accrued expenses 29,233 - (997 ) 28,236 Deferred revenue – current 7,331 - - 7,331 Lease liability – current 2,494 - - 2,494 Total current liabilities 46,852 - (997 ) 45,855 Long-term debt – less current maturities 13,408 - - 13,408 Deferred revenue – less current portion 4,139 - - 4,139 Lease liability – less current portion 6,237 - - 6,237 Accrued severance payable 4,118 - - 4,118 Deferred tax liability 5,091 - (10 ) 5,081 Other long-term liabilities 647 - 997 1,644 - Total liabilities 80,492 - (10 ) 80,482 Commitments and Contingencies (note 19) Convertible redeemable preferred stock 55,074 11,678 - 66,752 STOCKHOLDERS’ EQUITY Preferred stock - - - - Common stock 375 - - 375 Additional paid-in capital 233,756 (11,678 ) - 222,078 Accumulated deficit (137,484 ) - (448 ) (137,932 ) Accumulated other comprehensive loss (1,062 ) - (112 ) (1,174 ) Treasury stock (8,485 ) - - (8,485 ) Total Powerfleet, Inc. stockholders’ equity 87,100 (11,678 ) (560 ) 74,862 Non-controlling interest 85 - - 85 Total equity 87,185 (11,678 ) (560 ) 74,947 Total liabilities, convertible redeemable preferred stock, and stockholders’ equity $ 222,751 $ - $ (570 ) $ 222,181 The following table presents the impact of the financial statement adjustments on the Company’s previously reported unaudited Consolidated Balance Sheet as of September 30, 2022: September 30, 2022 (As restated) As Reported Redemption Premium Adjustment Other As ASSETS Current assets: Cash and cash equivalents $ 16,703 $ - $ - $ 16,703 Restricted cash 309 - - 309 Accounts receivable 33,352 - 39 33,391 Inventory, net 23,572 - - 23,572 Deferred costs - current 1,025 - - 1,025 Prepaid expenses and other current assets 8,868 - (78 ) 8,790 Total current assets 83,829 - (39 ) 83,790 Deferred costs less current portion - - - - Fixed assets, net 8,994 - - 8,994 Goodwill 83,487 - - 83,487 Intangible assets, net 23,312 - - 23,312 Right of use asset 7,999 - - 7,999 Severance payable fund 3,614 - - 3,614 Deferred tax asset 3,740 - - 3,740 Other assets 5,086 - 184 5,270 Total assets $ 220,061 $ - $ 145 $ 220,206 LIABILITIES Current liabilities: Short-term bank debt and current maturities of long-term debt $ 9,366 $ - $ - $ 9,366 Convertible note payable - - - - Accounts payable and accrued expenses 28,818 - (1,114 ) 27,704 Deferred revenue - current 6,523 - - 6,523 Lease liability - current 2,464 - - 2,464 Total current liabilities 47,171 - (1,114 ) 46,057 Long-term debt - less current maturities 11,914 - - 11,914 Deferred revenue - less current portion 4,208 - - 4,208 Lease liability - less current portion 5,793 - - 5,793 Accrued severance payable 4,148 - - 4,148 Deferred tax liability 5,182 - (9 ) 5,173 Other long-term liabilities 628 - 1,126 1,754 Total liabilities 79,044 - 3 79,047 Commitments and Contingencies (note 19) Convertible redeemable preferred stock 56,309 13,032 - 69,341 STOCKHOLDERS’ EQUITY Preferred stock - - - - Common stock 376 - - 376 Additional paid-in capital 233,590 (13,032 ) - 220,558 Accumulated deficit (139,784 ) - 250 (139,534 ) Accumulated other comprehensive loss (1,050 ) - (108 ) (1,158 ) Treasury stock (8,492 ) - - (8,492 ) Total Powerfleet, Inc. stockholders’ equity 84,640 (13,032 ) 142 71,750 Non-controlling interest 68 - - 68 Total equity 84,708 (13,032 ) 142 71,818 Total liabilities, convertible redeemable preferred stock, and stockholders’ equity $ 220,061 $ - $ 145 $ 220,206 The following table presents the impact of the financial statement adjustments on the Company’s previously reported unaudited Consolidated Balance Sheet as of March 31, 2023: March 31, 2023 (As restated) As Reported Redemption Premium Adjustment Other As ASSETS Current assets: Cash and cash equivalents $ 24,780 $ - $ - $ 24,780 Restricted cash 309 - - 309 Accounts receivable 31,442 - 145 31,587 Inventory, net 22,649 - - 22,649 Deferred costs – current 523 - - 523 Prepaid expenses and other current assets 7,959 - - 7,959 Total current assets 87,662 - 145 87,807 Deferred costs less current portion - - - - Fixed assets, net 9,953 - (12 ) 9,941 Goodwill 83,487 - - 83,487 Intangible assets, net 22,328 - (45 ) 22,283 Right of use asset 7,332 - - 7,332 Severance payable fund 3,684 - - 3,684 Deferred tax asset 2,496 - 97 2,593 Other assets 5,984 - 658 6,642 Total assets $ 222,926 $ - $ 843 $ 223,769 LIABILITIES Current liabilities: Short-term bank debt and current maturities of long-term debt $ 9,359 $ - $ - $ 9,359 Convertible note payable - - - - Accounts payable and accrued expenses 27,682 - (1,446 ) 26,236 Deferred revenue – current 6,327 - 33 6,360 Lease liability – current 2,481 - - 2,481 Total current liabilities 45,849 - (1,413 ) 44,436 Long-term debt – less current maturities 10,638 - - 10,638 Deferred revenue – less current portion 4,378 - 109 4,487 Lease liability – less current portion 5,065 - - 5,065 Accrued severance payable 4,396 - - 4,396 Deferred tax liability 4,593 - (9 ) 4,584 Other long-term liabilities 623 - 1,446 2,069 Total liabilities 75,542 - 133 75,675 Commitments and Contingencies (note 19) Convertible redeemable preferred stock 58,840 15,952 - 74,792 STOCKHOLDERS’ EQUITY Preferred stock - - - - Common stock 376 - - 376 Additional paid-in capital 234,425 (15,952 ) - 218,473 Accumulated deficit (136,671 ) - 710 (135,961 ) Accumulated other comprehensive loss (1,098 ) - - (1,098 ) Treasury stock (8,554 ) - - (8,554 ) Total Powerfleet, Inc. stockholders’ equity 88,478 (15,952 ) 710 73,236 Non-controlling interest 66 - - 66 Total equity 88,544 (15,952 ) 710 73,302 Total liabilities, convertible redeemable preferred stock, and stockholders’ equity $ 222,926 $ - $ 843 $ 223,769 The following table presents the impact of the financial statement adjustments on the Company’s previously reported unaudited Consolidated Balance Sheet as of June 30, 2023: June 30, 2023 (As restated) As Reported Redemption Premium Adjustment Other As ASSETS Current assets: Cash and cash equivalents $ 21,729 $ - $ - $ 21,729 Restricted cash 309 - - 309 Accounts receivable 31,318 - (39 ) 31,279 Inventory, net 22,125 - - 22,125 Deferred costs – current 338 - - 338 Prepaid expenses and other current assets 7,298 - - 7,298 Total current assets 83,117 - (39 ) 83,078 Deferred costs less current portion - - - - Fixed assets, net 10,226 - (65 ) 10,161 Goodwill 83,487 - - 83,487 Intangible assets, net 21,871 - (91 ) 21,780 Right of use asset 6,936 - - 6,936 Severance payable fund 3,566 - - 3,566 Deferred tax asset 1,942 - 97 2,039 Other assets 6,131 - 625 6,756 Total assets $ 217,276 $ - $ 527 $ 217,803 LIABILITIES Current liabilities: Short-term bank debt and current maturities of long-term debt $ 11,197 $ - $ - $ 11,197 Convertible note payable - - - - Accounts payable and accrued expenses 24,960 - (1,571 ) 23,389 Deferred revenue – current 6,193 - 37 6,230 Lease liability – current 2,448 - - 2,448 Total current liabilities 44,798 - (1,534 ) 43,264 Long-term debt – less current maturities 9,940 - - 9,940 Deferred revenue – less current portion 4,582 - 126 4,708 Lease liability – less current portion 4,715 - - 4,715 Accrued severance payable 4,284 - - 4,284 Deferred tax liability 4,030 - (54 ) 3,976 Other long-term liabilities 668 - 1,571 2,239 Total liabilities 73,017 - 109 73,126 Commitments and Contingencies (note 19) Convertible redeemable preferred stock 59,008 17,557 - 76,565 STOCKHOLDERS’ EQUITY Preferred stock - - - - Common stock 377 - - 377 Additional paid-in capital 234,015 (17,557 ) - 216,458 Accumulated deficit (139,648 ) - 418 (139,230 ) Accumulated other comprehensive loss (998 ) - - (998 ) Treasury stock (8,558 ) - - (8,558 ) Total Powerfleet, Inc. stockholders’ equity 85,188 (17,557 ) 418 68,049 Non-controlling interest 63 - - 63 Total equity 85,251 (17,557 ) 418 68,112 Total liabilities, convertible redeemable preferred stock, and stockholders’ equity $ 217,276 $ - $ 527 $ 217,803 The following table presents the impact of the financial statement adjustments on the Company’s previously reported unaudited Consolidated Balance Sheet as of September 30, 2023: . September 30, 2023 (As restated) As Reported Redemption Premium Adjustment Other As ASSETS Current assets: Cash and cash equivalents $ 19,297 $ - $ - $ 19,297 Restricted cash 310 - - 310 Accounts receivable 33,606 - 188 33,794 Inventory, net 21,055 - - 21,055 Deferred costs - current 191 - - 191 Prepaid expenses and other current assets 8,721 - - 8,721 Total current assets 83,180 - 188 83,368 Deferred costs less current portion - - - - Fixed assets, net 10,222 - (119 ) 10,103 Goodwill 83,487 - - 83,487 Intangible assets, net 21,157 - (136 ) 21,021 Right of use asset 6,490 - - 6,490 Severance payable fund 3,427 - - 3,427 Deferred tax asset 1,915 - 97 2,012 Other assets 6,228 - 653 6,881 Total assets $ 216,106 $ - $ 683 $ 216,789 LIABILITIES Current liabilities: Short-term bank debt and current maturities of long-term debt $ 12,137 $ - $ - $ 12,137 Convertible note payable - - - - Accounts payable and accrued expenses 28,109 - (1,656 ) 26,453 Deferred revenue – current 6,101 - 37 6,138 Lease liability – current 2,286 - - 2,286 Total current liabilities 48,633 - (1,619 ) 47,014 Long-term debt – less current maturities 9,617 - - 9,617 Deferred revenue – less current portion 4,804 - 123 4,927 Lease liability – less current portion 4,415 - - 4,415 Accrued severance payable 4,142 - - 4,142 Deferred tax liability 4,283 - ( 21 ) 4,262 Other long-term liabilities 649 - 1,656 2,305 Total liabilities 76,543 - 139 76,682 Commitments and Contingencies (note 19) Convertible redeemable preferred stock 59,176 19,224 - 78,400 STOCKHOLDERS’ EQUITY Preferred stock - Common stock 387 - - 387 Additional paid-in capital 233,811 (19,224 ) - 214,587 Accumulated deficit (143,322 ) - 544 (142,778 ) Accumulated other comprehensive loss (1,904 ) - - (1,904 ) Treasury stock (8,648 ) - - (8,648 ) Total Powerfleet, Inc. stockholders’ equity 80,324 (19,224 ) 544 61,644 Non-controlling interest 63 - - 63 Total equity 80,387 (19,224 ) 544 61,707 Total liabilities, convertible redeemable preferred stock, and stockholders’ equity $ 216,106 $ - $ 683 $ 216,789 The following table presents the impact of the financial statement adjustments on the Company’s previously reported unaudited Consolidated Statement of Operations for the three months ended March 31, 2022 and 2023: Three Months Ended March 31, 2022 Three Months Ended March 31, 2023 As Reported Redemption Premium Adjustment Other As As Reported Redemption Premium Adjustment Other As Revenues: Products $ 14,392 $ - $ 127 $ 14,519 $ 12,404 $ - $ 104 $ 12,508 Services 18,769 - - 18,769 20,435 - (91 ) 20,344 Total revenues 33,161 - 127 33,288 32,839 - 13 32,852 Cost of revenues: Cost of products 11,978 - (67 ) 11,911 9,002 - - 9,002 Cost of services 6,784 - 6,784 7,219 - 57 7,276 Total cost of revenues 18,762 - (67 ) 18,695 16,221 - 57 16,278 Gross profit 14,399 - 194 14,593 16,618 - (44) 16,574 Operating expenses: Selling, general and administrative expenses 14,912 - 665 15,577 16,787 - 154 16,941 Research and development expenses 3,229 - (492 ) 2,737 1,723 - - 1,723 Total operating expenses 18,141 - 173 18,314 18,510 - 154 18,664 Loss from operations (3,742 ) - 21 (3,721 ) (1,892 ) - (198 ) (2,090 ) Interest income 13 - - 13 24 - - 24 Interest expense, net 100 - - 100 (137 ) - - (137 ) Bargain purchase – Movingdots - - - - 7,234 - - 7,234 Other (expense) income, net (1 ) - 95 94 (66 ) - 69 3 Net loss before income taxes (3,630 ) - 116 (3,514 ) 5,163 - (129 ) 5,034 Income tax (expense) benefit 703 - (661 ) 42 (397 ) - 5 (392 ) Net loss before non-controlling interest (2,927 ) - (545 ) (3,472 ) 4,766 - (124 ) 4,642 Non-controlling interest (1 ) - - (1 ) 3 - - 3 Net loss (2,928 ) - (545 ) (3,473 ) 4,769 - (124 ) 4,645 Accretion of preferred stock (168 ) (1,183 ) - (1,351 ) (168 ) (1,487 ) - (1,655 ) Preferred stock dividends (1,028 ) - - (1,028 ) (1,107 ) - - (1,107 ) Net loss attributable to common stockholders $ (4,124 ) $ (1,183 ) $ (545 ) $ (5,852 ) $ 3,494 $ (1,487 ) $ (124 ) $ 1,883 Net loss per share attributable to common $ (0.12 ) $ (0.03 ) $ (0.02 ) $ (0.17 ) $ 0.11 $ (0.06 ) $ (0.01 ) $ 0.04 Weighted average common shares outstanding - basic 35,332 35,332 35,332 35,332 35,548 35,548 35,548 35,548 Weighted average common shares outstanding - diluted 35,332 35,332 35,332 35,332 35,628 35,628 35,628 35,628 The following table presents the impact of the financial statement adjustments on the Company’s previously reported unaudited Consolidated Statement of Operations for the three months ended June 30, 2022 and 2023: Three Months Ended June 30, 2022 Three Months Ended June 30, 2023 As Reported Redemption Premium Adjustment Other As As Reported Redemption Premium Adjustment Other As Revenues: Products $ 14,818 $ - $ (229 ) $ 14,589 $ 11,012 $ - $ 72 $ 11,084 Services 19,776 - 155 19,931 21,038 - (30 ) 21,008 Total revenues 34,594 - (74 ) 34,520 32,050 - 42 32,092 Cost of revenues: Cost of products 11,336 - - 11,336 8,550 - - 8,550 Cost of services 7,028 - - 7,028 7,467 - 57 7,524 Total cost of revenues 18,364 - - 18,364 16,017 - 57 16,074 Gross profit 16,230 - (74 ) 16,156 16,033 - (15 ) 16,018 Operating expenses: Selling, general and administrative expenses 15,817 - (220 ) 15,597 16,987 - 211 17,198 Research and development expenses 2,001 - - 2,001 2,179 - 42 2,221 Total operating expenses 17,818 - (220 ) 17,598 19,166 - 253 19,419 Loss from operations (1,588 ) - 146 (1,442 ) (3,133 ) - (268 ) (3,401 ) Interest income 15 - - 15 22 - - 22 Interest expense, net 1,493 - - 1,493 (173 ) - - (173 ) Bargain purchase – Movingdots - - - - 283 - - 283 Other (expense) income, net 3 - 17 20 69 - (69 ) - Net loss before income taxes (77 ) - 163 86 (2,932 ) - (337 ) (3,269 ) Income tax (expense) benefit (40 ) - (452 ) (492 ) (39 ) - 45 6 Net loss before non-controlling interest (117 ) - (289 ) (406 ) (2,971 ) - (292 ) (3,263 ) Non-controlling interest (1 ) - - (1 ) (6 ) - - (6 ) Net loss (118 ) - (289) (407 ) (2,977 ) - (292 ) (3,269 ) Accretion of preferred stock (168 ) (1,264 ) - (1,432 ) (168 ) (1,604 ) - (1,772 ) Preferred stock dividends (1,048 ) - - (1,048 ) (1,129 ) - - (1,129 ) Net loss attributable to common stockholders $ (1,334 ) $ (1,264 ) $ (289 ) $ (2,887 ) $ (4,274 ) $ (1,604 ) $ (292 ) $ (6,170 ) Net loss per share attributable to common $ (0.04 ) $ (0.04 ) $ (0.01 ) $ (0.08 ) $ (0.12 ) $ (0.05 ) $ (0.01 ) $ (0.17 ) Weighted average common shares outstanding – basic 35,386 35,386 35,386 35,386 35,605 35,605 35,605 35,605 Weighted average common shares outstanding – diluted 35,386 35,386 35,386 35,386 35,605 35,605 35,605 35,605 The following table presents the impact of the financial statement adjustments on the Company’s previously reported unaudited Consolidated Statement of Operations for the six months ended June 30, 2022 and 2023: Six Months Ended June 30, 2022 Six Months Ended June 30, 2023 As Reported Redemption Premium Adjustment Other As As Reported Redemption Premium Adjustment Other As Revenues: Products $ 29,210 $ - $ (102 ) $ 29,108 $ 23,416 $ - $ 177 $ 23,593 Services 38,545 - 155 38,700 41,473 - (121 ) 41,352 Total revenues 67,755 - 53 67,808 64,889 - 56 64,945 Cost of revenues: Cost of products 23,314 - (67 ) 23,247 17,552 - - 17,552 Cost of services 13,812 - - 13,812 14,686 - 114 14,800 Total cost of revenues 37,126 - (67 ) 37,059 32,238 - 114 32,352 Gross profit 30,629 - 120 30,749 32,651 - (58 ) 32,593 Operating expenses: Selling, general and administrative expenses 30,729 - 445 31,174 33,774 - 365 34,139 Research and development expenses 5,230 - (492 ) 4,738 3,902 - 42 3,944 Total operating expenses 35,959 - (47 ) 35,912 37,676 - 407 38,083 Lo

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
SCHEDULE OF ALLOWANCE FOR CREDIT LOSSES	An analysis of the allowance for credit losses for the period ended December 31, 2023 is as follows: SCHEDULE OF ALLOWANCE FOR CREDIT LOSSES Allowance for credit losses, December 31, 2022 $ 2,567 Allowance for credit losses, beginning balance $ 2,567 Adjustment for adoption of ASU 2016-13 (200 ) Current period provision for expected credit losses 1,767 Write-offs charged against the allowance (1,473 ) Foreign currency translation 136 Allowance for credit losses, December 31, 2023 $ 2,797 Allowance for credit losses, ending balance $ 2,797
SCHEDULE OF ESTIMATED USEFUL LIVES OF ASSET	SCHEDULE OF ESTIMATED USEFUL LIVES OF ASSET Useful Life (years) Computer software 3 5 Installed products 3 5 Computers and electronic equipment 3 10 Furniture and fixtures 5 7 Leasehold improvements Shorter of useful life or lease term
SCHEDULE OF FAIR VALUE OF FINANCIAL INSTRUMENTS	SCHEDULE OF FAIR VALUE OF FINANCIAL INSTRUMENTS December 31, 2023 Carrying Amount Fair Value Debt $ 21,091 $ 20,919

ACQUISITION (Tables)

ACQUISITION (Tables)	12 Months Ended
	Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract]
SCHEDULE OF WARRANTS VALUATION ASSUMPTIONS	SCHEDULE OF WARRANTS VALUATION ASSUMPTIONS Expected volatility 50 % Expected term (in years) 10 Risk free interest rate 3.50 % Dividend yield 0 % Fair value per share $ 1.68 Warrants measurement input $ 1.68
SCHEDULE OF PURCHASE PRICE ALLOCATION IN ASSETS ACQUIRED AND LIABILITIES	The following table details the allocation of the purchase price to the assets acquired and liabilities assumed in connection with the acquisition of Movingdots: SCHEDULE OF PURCHASE PRICE ALLOCATION IN ASSETS ACQUIRED AND LIABILITIES Consideration: Cash $ - Fair value of Powerfleet warrants on March 31, 2023 1,347 Total consideration $ 1,347 Assets acquired: Cash $ 8,722 Accounts receivable 247 Prepaid expenses 103 Other assets 270 Inventory 96 Fixed assets 1,889 Total assets acquired 11,327 Liabilities assumed: Accounts payable and accrued expenses 946 Total liabilities assumed 946 Total identifiable net assets acquired 10,381 Gain on bargain purchase (9,034 ) Purchase price consideration $ 1,347
SCHEDULE OF PRO FORMA REVENUE AND EARNINGS	The following table represents the unaudited combined pro forma revenue and earnings for the annual periods ended December 31, 2022 and 2023: SCHEDULE OF PRO FORMA REVENUE AND EARNINGS Year Ended December 31, 2022 Historical (as restated) Pro forma combined (unaudited) Revenues $ 135,912 $ 143,522 Operating loss $ (6,971 ) $ (7,465 ) Net loss per share – basic and diluted $ (0.48 ) $ (0.49 ) Net loss per share - basic $ (0.48 ) $ (0.49 ) Year Ended December 31, 2023 Historical Pro forma combined (unaudited) Revenues $ 133,736 $ 136,258 Operating loss $ (12,557 ) $ (12,547 ) Net loss per share – basic and diluted $ (0.49 ) $ (0.48 ) Net loss per share - basic $ (0.49 ) $ (0.48 )

REVENUE RECOGNITION (Tables)

REVENUE RECOGNITION (Tables)	12 Months Ended
	Dec. 31, 2023
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 years ended December 31, 2021, 2022 and 2023. SCHEDULE OF REVENUE DISAGGREGATED BY REVENUE SOURCE Year Ended December 31, 2021 (as restated) 2022 (as restated) 2023 Products $ 52,902 $ 56,945 $ 49,741 Services 73,058 78,967 83,995 $ 125,960 $ 135,912 $ 133,736
SCHEDULE OF CONTRACT ASSETS AND CONTRACT LIABILITIES FROM CONTRACTS WITH CUSTOMERS	The balances of contract assets and contract liabilities from contracts with customers are as follows as of December 31, 2022 and 2023 are as follows: SCHEDULE OF CONTRACT ASSETS AND CONTRACT LIABILITIES FROM CONTRACTS WITH CUSTOMERS 2022 2023 Year Ended December 31, 2022 (as restated) 2023 Assets: Deferred contract cost $ 2,740 $ 2,581 Deferred cost $ 762 $ 83 Liabilities: Deferred revenue – services (1) $ 9,869 $ 10,511 Deferred revenue – products (1) 938 111 Deferred revenue 10,807 10,622 Less: Deferred revenue – current portion (6,376 ) (5,666 ) Deferred revenue – long term $ 4,431 $ 4,956 (1) The Company records deferred revenues when cash payments are received or due in advance of the Company’s performance. For the years ended December 31, 2022 and 2023, the Company recognized revenue of 5,929 6,046

PREPAID EXPENSES AND OTHER AS_2

PREPAID EXPENSES AND OTHER ASSETS (Tables)	12 Months Ended
	Dec. 31, 2023
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, 2022 (as restated) December 31, 2023 Sales-type lease receivables, current $ 1,083 $ 1,104 Prepaid expenses 3,952 3,900 Contract assets 1,131 1,164 Other current assets 1,370 1,400 Prepaid expenses and other current assets $ 7,536 $ 7,568

INVENTORY (Tables)

INVENTORY (Tables)	12 Months Ended
	Dec. 31, 2023
Inventory Disclosure [Abstract]
SCHEDULE OF INVENTORIES	Inventories consist of the following: SCHEDULE OF INVENTORIES December 31, 2022 December 31, 2023 Components $ 12,443 $ 10,272 Work in process 462 31 Finished goods, net 9,367 12,299 Inventory, Net $ 22,272 $ 22,602

FIXED ASSETS (Tables)

FIXED ASSETS (Tables)	12 Months Ended
	Dec. 31, 2023
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, 2022 December 31, 2023 Installed products $ 8,586 $ 10,765 Computer software 7,195 10,650 Computer and electronic equipment 5,658 6,275 Furniture and fixtures 2,041 2,422 Leasehold improvements 1,415 1,417 24,895 31,529 Accumulated depreciation and amortization (15,646 ) (19,146 ) $ 9,249 $ 12,383

INTANGIBLE ASSETS AND GOODWILL

INTANGIBLE ASSETS AND GOODWILL (Tables)	12 Months Ended
	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
SCHEDULE OF INTANGIBLE ASSETS	The following table summarizes identifiable intangible assets of the Company as of December 31, 2023 and 2022: SCHEDULE OF INTANGIBLE ASSETS December 31, 2023 Useful Lives Gross Carrying Accumulated Net Carrying Amortized: Customer relationships 9 12 $ 19,264 $ (7,606 ) $ 11,658 Trademark and tradename 3 15 7,553 (3,682 ) 3,871 Patents 7 11 628 (441 ) 187 Technology 7 10,911 (10,784 ) 127 Software to be sold or leased 3 6 4,602 (535 ) 4,067 42,958 (23,048 ) 19,910 Unamortized: Customer list 104 104 Trademark and tradename 61 - 61 165 - 165 Total $ 43,123 $ (23,048 ) $ 20,075 December 31, 2022 Useful Lives Gross Carrying Amount Accumulated Amortization Net Carrying Amount Amortized: Customer relationships 9 12 $ 20,031 $ (6,830 ) $ 13,201 Trademark and tradename 3 15 7,589 (2,990 ) 4,599 Patents 7 11 628 (351 ) 277 Technology 7 10,667 (7,866 ) 2,801 Software to be sold or leased 3 6 1,865 - 1,865 40,780 (18,037 ) 22,743 Unamortized: Customer list 104 - 104 Trademark and tradename 61 - 61 165 - 165 Total $ 40,945 $ (18,037 ) $ 22,908
SCHEDULE OF FINITE-LIVED INTANGIBLE ASSETS AMORTIZATION EXPENSE	SCHEDULE OF FINITE-LIVED INTANGIBLE ASSETS AMORTIZATION EXPENSE Year Ending December 31, 2024 $ 4,156 2025 4,029 2026 3,412 2027 2,232 2028 2,023 Thereafter 4,058 Finite-Lived intangible assets $ 19,910

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	12 Months Ended
	Dec. 31, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
SCHEDULE OF OPTIONS OUTSTANDING AND EXERCISABLE	SCHEDULE OF OPTIONS OUTSTANDING AND EXERCISABLE As of December 31, 2023 Aggregate Intrinsic Value Weighted - Average Remaining Contractual Life in Years Options outstanding $ - 6.92 Options exercisable $ - 5.60
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 Year Ended December 31, 2021 2022 2023 Expected volatility 50.2 % 49.4 % 55.6 % Expected life of options (years) 6.5 6.5 6.1 Risk free interest rate 0.69 % 1.73 % 3.87 % Dividend yield 0 % 0 % 0 % Weighted-average fair value of options granted during the year $ 3.81 $ 2.04 $ 1.66
Stock Options Including Market Based Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
SCHEDULE OF STOCK OPTIONS ACTIVITY	A summary of the status of the Company’s stock options, relating to the Company’s market-based stock options that were granted to certain senior managers, including the Company’s executive officers, as of December 31, 2021, 2022 and 2023 and changes during the years then ended, is presented below: SCHEDULE OF STOCK OPTIONS ACTIVITY 2021 2022 2023 Number of Shares Weighted- Number of Shares Weighted- Number of Shares Weighted- Outstanding at beginning of year - $ - - - $ 5,065 $ 14.14 Granted - $ - 5,065 $ 14.14 865 $ 3.09 Exercised - $ - - $ - - $ - Forfeited or expired - $ - - - $ (485 ) $ 2.87 $ $ $ Outstanding at end of year - $ - 5,065 $ 14.14 5,445 $ 13.39 $ $ $ Exercisable at end of year - $ - - $ - - $ -
SUMMARY OF STOCK OPTION INFORMATION BY EXERCISE PRICE RANGE	SUMMARY OF STOCK OPTION INFORMATION BY EXERCISE PRICE RANGE Options Outstanding Options Exercisable Exercise Prices ($) Number Outstanding Weighted - Average Remaining Contractual Life in Years Weighted Average Exercise Price Number Outstanding Weighted - Average Exercise Price $ 2.98 7.48 1,320 8.87 $ 3.18 - $ - $ 7.49 11.98 875 8.01 $ 10.50 - $ - $ 11.99 16.48 1,250 8.01 $ 14.00 - $ - $ 16.49 21.00 2,000 8.01 $ 21.00 - $ - 5,445 8.22 $ 13.38 - $ -
Stock Options Excluding Market Based Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
SCHEDULE OF STOCK OPTIONS ACTIVITY	A summary of the status of the Company’s stock options, excluding the market-based stock options that were granted to certain senior managers, including the Company’s executive officers, as of December 31, 2021, 2022 and 2023 and changes during the years then ended, is presented below: SCHEDULE OF STOCK OPTIONS ACTIVITY 2021 2022 2023 Number of Shares Weighted- Number of Shares Weighted- Number of Shares Weighted- Outstanding at beginning of year 3,624 $ 5.85 3,470 $ 5.91 2,727 $ 5.29 Granted 120 $ 7.77 895 $ 4.08 470 $ 3.09 Exercised (156 ) $ 5.60 - $ - (16 ) $ 2.33 Forfeited or expired (118 ) $ 6.34 (1,638 ) $ 5.95 (989 ) $ 5.40 Outstanding at end of year 3,470 $ 5.91 2,727 $ 5.29 2,192 $ 4.79 Exercisable at end of year 1,546 $ 5.67 1,247 $ 5.79 1,189 $ 5.54
SUMMARY OF STOCK OPTION INFORMATION BY EXERCISE PRICE RANGE	SUMMARY OF STOCK OPTION INFORMATION BY EXERCISE PRICE RANGE Options Outstanding Options Exercisable Exercise Prices ($) Number Outstanding Weighted - Average Remaining Contractual Life in Years Weighted Average Exercise Price Number Outstanding Weighted - Average Exercise Price $ 2.98 4.23 696 8.82 $ 3.18 104 $ 3.26 $ 4.24 5.48 568 7.55 $ 4.83 188 $ 4.87 $ 5.49 6.73 895 5.08 $ 5.90 880 $ 5.90 $ 6.74 7.96 33 6.58 $ 7.80 17 $ 7.80 2,192 6.93 $ 4.79 1,189 $ 5.54
Restricted Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
SCHEDULE OF NON-VESTED RESTRICTED STOCK ACTIVITY	SCHEDULE OF NON-VESTED RESTRICTED STOCK ACTIVITY Number of Non-Vested Shares Weighted- Average Non-vested, January 1, 2021 806 5.54 Granted 450 7.63 Vested (537 ) 5.35 Forfeited or expired (90 ) 6.51 Non-vested, December 31, 2021 629 7.06 Granted 492 3.72 Vested (229 ) 6.99 Forfeited or expired (186 ) 7.08 Non-vested, December 31, 2022 706 4.75 Granted 1,247 2.41 Vested (297 ) 4.24 Forfeited or expired (152 ) 5.32 Non-vested, December 31, 2023 1,504 2.86
Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
SCHEDULE OF NON-VESTED RESTRICTED STOCK ACTIVITY	SCHEDULE OF NON-VESTED RESTRICTED STOCK ACTIVITY Number of Restricted Stock Units Weighted-Average Grant Date Fair Value Restricted stock-units, non-vested, January 1, 2021 75 5.60 Vested (35 ) 5.60 Forfeited or expired (4 ) 5.60 Restricted stock-units, non-vested, December 31, 2021 36 5.60 Vested (36 ) 5.60 Forfeited or expired - - Restricted stock-units, non-vested, December 31, 2022 - - Vested - - Forfeited or expired - - Restricted stock-units, non-vested, December 31, 2023 - -

NET LOSS PER SHARE (Tables)

NET LOSS PER SHARE (Tables)	12 Months Ended
	Dec. 31, 2023
Earnings Per Share [Abstract]
SCHEDULE OF NET LOSS PER SHARE BASIC AND DILUTED	SCHEDULE OF NET LOSS PER SHARE BASIC AND DILUTED 2021 2022 2023 December 31, 2021 2022 2023 Basic and diluted loss per share Net loss attributable to common stockholders $ (22,068 ) $ (16,891 ) $ (17,307 ) Weighted-average common share outstanding - basic and diluted 34,571 35,393 35,628 Net loss attributable to common stockholders - basic and diluted $ (0.64 ) $ (0.48 ) $ (0.49 )

SHORT-TERM BANK DEBT AND LONG_2

SHORT-TERM BANK DEBT AND LONG-TERM DEBT (Tables)	12 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
SCHEDULE OF LONG-TERM DEBT	SCHEDULE OF LONG-TERM DEBT December 31, December 31, 2022 2023 Short-term bank debt $ 5,709 $ 10,030 Current maturities of long-term debt $ 4,603 $ 11,061 Long-term debt - less current maturities $ 11,403 $ -

ACCOUNTS PAYABLE AND ACCRUED _2

ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)	12 Months Ended
	Dec. 31, 2023
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, December 31, 2022 (As restated) 2023 Accounts payable $ 14,702 $ 19,235 Accrued warranty 745 965 Accrued compensation 7,153 6,721 Government authorities 1,992 2,796 Other current liabilities 805 579 Accounts payable and accrued expenses $ 25,397 $ 30,296
SCHEDULE OF PRODUCT WARRANTY LIABILITY	The following table summarizes warranty activity during the years ended December 31, 2022 and 2023: SCHEDULE OF PRODUCT WARRANTY LIABILITY Year Ended December 31, 2022 2023 Accrued warranty reserve, beginning of year $ 1,333 $ 2,054 Accrual for product warranties issued 1,103 1,238 Product replacements and other warranty expenditures (481 ) (503 ) Expiration of warranties 99 (136 ) Accrued warranty reserve, end of year (a) $ 2,054 $ 2,653 (a) Includes accrued warranty included in other long-term liabilities at December 31, 2022 and 2023 of $ 1,309 1,688

LEASES (Tables)

LEASES (Tables)	12 Months Ended
	Dec. 31, 2023
Leases
SCHEDULE OF COMPONENTS OF LEASE EXPENSE	Components of lease expense are as follows: SCHEDULE OF COMPONENTS OF LEASE EXPENSE Year Ended December 31, 2022 2023 Short term lease cost: $ 443 $ 453
SCHEDULE OF CASH FLOW INFORMATION AND NON CASH ACTIVITY OF OPERATING LEASES	Supplemental cash flow information and non-cash activity related to the Company’s operating leases are as follows: SCHEDULE OF CASH FLOW INFORMATION AND NON CASH ACTIVITY OF OPERATING LEASES Year Ended December 31, 2022 2023 Non-cash activity: Right-of-use assets obtained in exchange for lease obligations $ 1,450 $ 1,198
SCHEDULE OF WEIGHTED AVERAGE REMAINING LEASE TERM AND DISCOUNT RATE	Weighted-average remaining lease term and discount rate for the Company’s operating leases are as follows: SCHEDULE OF WEIGHTED AVERAGE REMAINING LEASE TERM AND DISCOUNT RATE December 31, 2023 Weighted-average remaining lease term (in years) 2.73 Weighted-average discount rate 5.86 %
SCHEDULED MATURITIES OF OPERATING LEASE LIABILITIES	Scheduled maturities of operating lease liabilities outstanding as of December 31, 2023 are as follows: SCHEDULED MATURITIES OF OPERATING LEASE LIABILITIES Year ending December 31, 2024 $ 2,463 2025 2,170 2026 1,012 2027 377 2028 316 Thereafter 654 Total lease payments 6,992 Less: Imputed interest (581 ) Present value of lease liabilities $ 6,411

CONVERTIBLE REDEEMABLE PREFER_2

CONVERTIBLE REDEEMABLE PREFERRED STOCK AND STOCKHOLDERS’ EQUITY (Tables)	12 Months Ended
	Dec. 31, 2023
Equity [Abstract]
SCHEDULE OF PREFERRED CONVERTIBLE REDEEMABLE PREFERRED STOCK	SCHEDULE OF PREFERRED CONVERTIBLE REDEEMABLE PREFERRED STOCK Number of Shares Amount Balance at January 1, 2021 55 $ 56,703 Dividend paid in kind shares issued - - Accretion of preferred stock - 5,191 Balance at December 31, 2021 55 $ 61,894 Dividend paid in kind shares issued 4 4,231 Accretion of preferred stock - 5,906 Balance at December 31, 2022 59 $ 72,031 Dividend paid in kind shares issued 1 1,107 Accretion of preferred stock - 7,139 Balance at December 31, 2023 60 $ 80,277
SCHEDULE OF DIVIDEND PAID ACTIVITY	SCHEDULE OF DIVIDEND PAID ACTIVITY Dividends paid in cash Dividends paid in shares Total Year Ended December 31, 2021 $ 4,112 $ - $ 4,112 Year Ended December 31, 2022 $ - $ 4,231 $ 4,231 Year Ended December 31, 2023 $ 3,385 $ 1,108 $ 4,493

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	12 Months Ended
	Dec. 31, 2023
Accumulated Other Comprehensive Income
SCHEDULE OF ACCUMULATED OTHER COMPREHENSIVE LOSS	The accumulated balances for each classification of other comprehensive income (loss) are as follows: SCHEDULE OF ACCUMULATED OTHER COMPREHENSIVE LOSS Foreign currency translation adjustment Unrealized gain (losses) on investments Accumulated other comprehensive income (loss) Balance at January 1, 2021 $ 399 $ - $ 399 Net current period change (8 ) - (8 ) Balance at December 31, 2021 $ 391 $ - $ 391 Net current period change (1,601 ) - (1,601 ) Balance at December 31, 2022 $ (1,210 ) $ - $ (1,210 ) Net current period change 594 - 594 Balance at December 31, 2023 $ (616 ) $ - $ (616 )

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2023
Segment Reporting [Abstract]
SCHEDULE OF REVENUES AND LONG LIVED ASSETS BY GEOGRAPHICAL REGION	The Company operates in one SCHEDULE OF REVENUES AND LONG LIVED ASSETS BY GEOGRAPHICAL REGION 2021 2022 2023 Year Ended December 31, 2021 (as restated) 2022 (as restated) 2023 United States $ 50,772 $ 57,437 $ 59,233 Israel 44,673 44,580 41,689 Other 30,515 33,895 32,814 Total revenues $ 125,960 $ 135,912 $ 133,736 2021 2022 2023 Year Ended December 31, 2021 2022 2023 Long lived assets by geographic region: United States $ 1,123 $ 941 $ 1,081 Israel 3,675 3,545 3,923 Other 4,190 4,763 7,379 Long lived assets $ 8,988 $ 9,249 12,383

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
SCHEDULE OF LOSS BEFORE INCOME TAXES	Loss before income taxes consists of the following: SCHEDULE OF LOSS BEFORE INCOME TAXES 2021 2022 2023 Year Ended December 31, 2021 (As restated) 2022 (As restated) 2023 U.S. operations $ (14,996 ) $ (10,303 ) $ (16,494 ) Foreign operations 4,113 4,421 11,443 Loss before income tax $ (10,883 ) $ (5,882 ) $ (5,051 )
SCHEDULE OF PROVISION FOR INCOME TAXES	The provision for income taxes consists of the following for the years ended December 31: SCHEDULE OF PROVISION FOR INCOME TAXES 2021 2022 2023 Current: Federal $ - $ - $ - State 16 93 68 Foreign 127 69 519 Total current provision $ 143 $ 162 $ 587 Deferred: Federal $ - $ - $ - State - - - Foreign 1,745 708 2 Total deferred provision $ 1,745 $ 708 $ 2 Total (benefit) provision for income taxes $ 1,888 $ 870 $ 589
SCHEDULE OF STATUTORY FEDERAL INCOME TAX RATE	The difference between income taxes at the statutory federal income tax rate and income taxes reported in the Consolidated Statements of Operations for the years ended December 31 is attributable to the following: SCHEDULE OF STATUTORY FEDERAL INCOME TAX RATE 2021 2022 2023 Income tax benefit at the federal statutory rate (2,285 ) (1,236 ) (1,061 ) State and local income taxes, net of federal taxes 411 (313 ) (298 ) (Decrease) increase in valuation allowance 595 (1,105 ) 1,488 Remeasurement of deferred tax adjustments 1,302 359 4 Permanent differences and other 269 810 678 Foreign rate differential 1,008 (151 ) (1,924 ) GILTI inclusion 509 2,425 1,586 Other 79 81 57 Acquisition fees - - 59 Income tax expense 1,888 870 589
SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES	The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at December 31, 2022 and 2023 are presented below: SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES December 31, 2022 (As restated) December 31, 2023 Deferred tax assets: $ $ Net operating loss carryforwards 27,722 27,643 Capital loss carryforwards 10,670 10,465 Deferred revenue 2,035 2,241 Stock-based compensation 459 302 Federal research and development tax credits 1,058 1,058 Capitalized research 980 1,396 Inventories 324 411 Bad debt reserve 594 724 Deferred lease liability 548 425 Other deductible temporary differences 2,610 2,055 Acquisition costs - 923 Total gross deferred tax assets $ 47,000 $ 47,643 Less: valuation allowance (43,692 ) (44,780 ) Net deferred tax assets $ 3,308 $ 2,863 Deferred tax liabilities: $ $ Intangible amortization (4,403 ) (4,068 ) ROU assets (498 ) (382 ) Total deferred tax liabilities $ (4,901 ) $ (4,450 ) Net deferred tax liabilities $ (1,593 ) $ (1,587 )
SCHEDULE OF UNRECOGNIZED TAX POSITIONS	A reconciliation of the beginning and ending amount of unrecognized tax positions is as follows as of December 31: SCHEDULE OF UNRECOGNIZED TAX POSITIONS 2022 (As restated) 2023 (revised) Balance at the beginning of the year $ 384 $ 344 Additions based on tax provisions taken related to current year 123 139 Reductions related to expiration of statute of limitations (163 ) (189 ) Balance at the end of year $ 344 $ 294

DESCRIPTION OF BUSINESS AND L_2

DESCRIPTION OF BUSINESS AND LIQUIDITY (Details Narrative) ₪ in Thousands, $ in Thousands		12 Months Ended
	Mar. 18, 2024 USD ($)	Dec. 31, 2023 USD ($)	Apr. 02, 2024 USD ($)	Apr. 01, 2024 USD ($)	Mar. 07, 2024 USD ($)	Dec. 31, 2023 ILS (₪)
Short-Term Debt [Line Items]
Cash including restricted cash and cash equivalents		$ 19,300
Working capital		23,500
Cash and cash equivalents		$ 19,300
Amende And Restated Credit Agreement [Member]
Short-Term Debt [Line Items]
Aggregate principal amount	$ 30,000
Cash	30,000
Proceeds to prepay loan	11,200
Amende And Restated Credit Agreement [Member] | Subsequent Event [Member]
Short-Term Debt [Line Items]
Aggregate principal amount	30,000
Cash	30,000
Proceeds to prepay loan	11,200
Preferred stock redemption amount			$ 90,300	$ 90,300
Amende And Restated Credit Agreement [Member] | Pointer [Member]
Short-Term Debt [Line Items]
Aggregate principal amount	20,000
Amende And Restated Credit Agreement [Member] | Pointer [Member] | Subsequent Event [Member]
Short-Term Debt [Line Items]
Aggregate principal amount	20,000
Facilities Agreement [Member]
Short-Term Debt [Line Items]
Cash					$ 85,000
Revolving Credit Facility [Member]
Short-Term Debt [Line Items]
Line of credit facility description		five-year revolving credit facility to Pointer in an initial aggregate principal amount of $10,000.
Line of credit facility, maximum borrowing capacity		$ 10,000
Two Senior Secured Term Loan [Member]
Short-Term Debt [Line Items]
Aggregate principal amount		30,000
Facilities One [Member]
Short-Term Debt [Line Items]
Aggregate principal amount		20,000
Facilities Two [Member]
Short-Term Debt [Line Items]
Aggregate principal amount		10,000
Borrowed net, value		$ 1,355				₪ 4,915
Senior Secured Term Loan One [Member] | Amende And Restated Credit Agreement [Member]
Short-Term Debt [Line Items]
Aggregate principal amount	20,000
Senior Secured Term Loan One [Member] | Amende And Restated Credit Agreement [Member] | Subsequent Event [Member]
Short-Term Debt [Line Items]
Aggregate principal amount	20,000
Senior Secured Term Loan Two [Member] | Amende And Restated Credit Agreement [Member]
Short-Term Debt [Line Items]
Aggregate principal amount	10,000
Senior Secured Term Loan Two [Member] | Amende And Restated Credit Agreement [Member] | Subsequent Event [Member]
Short-Term Debt [Line Items]
Aggregate principal amount	10,000
Revolving Credit Facilities One [Member] | Amende And Restated Credit Agreement [Member] | Subsequent Event [Member]
Short-Term Debt [Line Items]
Aggregate principal amount	10,000
Revolving Credit Facilities Two [Member] | Amende And Restated Credit Agreement [Member] | Subsequent Event [Member]
Short-Term Debt [Line Items]
Aggregate principal amount	$ 10,000

SCHEDULE OF PREVIOUSLY REPORTED

SCHEDULE OF PREVIOUSLY REPORTED CONSOLIDATED BALANCE SHEET (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 19,022	$ 19,297	$ 21,729	$ 24,780	$ 17,680	$ 16,703	$ 17,703	$ 20,559	$ 26,452	$ 18,127
Restricted cash	310	310	309	309	309	309	309	308	308	308
Accounts receivable	32,440	33,794	31,279	31,587	32,647	33,391	33,488	31,916
Inventory, net	22,602	21,055	22,125	22,649	22,272	23,572	23,540	20,313
Deferred costs - current	83	191	338	523	762	1,025	1,315	1,416
Prepaid expenses and other current assets	7,568	8,721	7,298	7,959	7,536	8,790	8,942	10,716
Total current assets	82,025	83,368	83,078	87,807	81,206	83,790	85,297	85,228
Deferred costs less current portion								224
Fixed assets, net	12,383	10,103	10,161	9,941	9,249	8,994	8,333	8,532
Goodwill	83,487	83,487	83,487	83,487	83,487	83,487	83,487	83,487
Intangible assets, net	20,075	21,021	21,780	22,283	22,908	23,312	24,022	24,848
Right of use asset	6,195	6,490	6,936	7,332	7,820	7,999	8,463	9,597
Severance payable fund	3,802	3,427	3,566	3,684	3,760	3,614	3,610	4,282
Deferred tax asset	2,863	2,012	2,039	2,593	3,308	3,740	3,947	4,977
Other assets	6,916	6,881	6,756	6,642	6,318	5,270	5,022	4,869
Total assets	217,746	216,789	217,803	223,769	218,056	220,206	222,181	226,044
Current liabilities:
Short-term bank debt and current maturities of long-term debt	21,091	12,137	11,197	9,359	10,312	9,366	7,794	6,006
Convertible note payable
Accounts payable and accrued expenses	30,296	26,453	23,389	26,236	25,397	27,704	28,236	27,963
Deferred revenue – current	5,666	6,138	6,230	6,360	6,376	6,523	7,331	7,265
Lease liability – current	1,503	2,286	2,448	2,481	2,441	2,464	2,494	2,718
Total current liabilities	58,556	47,014	43,264	44,436	44,526	46,057	45,855	43,952
Long-term debt – less current maturities		9,617	9,940	10,638	11,403	11,914	13,408	16,258
Deferred revenue – less current portion	4,956	4,927	4,708	4,487	4,431	4,208	4,139	4,466
Lease liability – less current portion	4,908	4,415	4,715	5,065	5,628	5,793	6,237	7,128
Accrued severance payable	4,533	4,142	4,284	4,396	4,365	4,148	4,118	4,857
Deferred tax liability	4,450	4,262	3,976	4,584	4,901	5,173	5,081	5,291
Other long-term liabilities	2,422	2,305	2,239	2,069	1,788	1,754	1,644	1,552
Total liabilities	79,825	76,682	73,126	75,675	77,042	79,047	80,482	83,504
Commitments and Contingencies (note 19)
Convertible redeemable preferred stock	80,277	78,400	76,565	74,792	72,031	69,341	66,752	64,273	61,894	56,703
Preferred stock
Common stock	387	387	377	376	376	376	375	376
Additional paid-in capital	212,703	214,587	216,458	218,473	219,055	220,558	222,078	223,245
Accumulated deficit	(146,281)	(142,778)	(139,230)	(135,961)	(140,806)	(139,534)	(137,932)	(137,525)
Accumulated other comprehensive loss	(616)	(1,904)	(998)	(1,098)	(1,210)	(1,158)	(1,174)	549	391	399
Treasury stock	(8,651)	(8,648)	(8,558)	(8,554)	(8,510)	(8,492)	(8,485)	(8,480)
STOCKHOLDERS’ EQUITY
Total Powerfleet, Inc. stockholders’ equity	57,542	61,644	68,049	73,236	68,905	71,750	74,862	78,165
Non-controlling interest	102	63	63	66	78	68	85	102
Total equity	57,644	61,707	68,112	73,302	68,983	71,818	74,947	78,267	83,351	74,438
Total liabilities, convertible redeemable preferred stock, and stockholders’ equity	217,746	216,789	217,803	223,769	218,056	220,206	222,181	226,044
Total equity	57,644	61,707	68,112	73,302	68,983	71,818	74,947	78,267	83,351	74,438
Total liabilities, convertible redeemable preferred stock, and stockholders’ equity	$ 217,746	216,789	217,803	223,769	218,056	220,206	222,181	226,044
Previously Reported [Member]
Current assets:
Cash and cash equivalents		19,297	21,729	24,780	17,680	16,703	17,703	20,559	26,452	18,127
Restricted cash		310	309	309	309	309	309	308	308	308
Accounts receivable		33,606	31,318	31,442	32,493	33,352	33,491	31,861
Inventory, net		21,055	22,125	22,649	22,272	23,572	23,540	20,313
Deferred costs - current		191	338	523	762	1,025	1,315	1,416
Prepaid expenses and other current assets		8,721	7,298	7,959	7,709	8,868	9,020	10,716
Total current assets		83,180	83,117	87,662	81,225	83,829	85,378	85,173
Deferred costs less current portion								224
Fixed assets, net		10,222	10,226	9,953	9,249	8,994	8,333	8,532
Goodwill		83,487	83,487	83,487	83,487	83,487	83,487	83,487
Intangible assets, net		21,157	21,871	22,328	22,908	23,312	24,022	24,848
Right of use asset		6,490	6,936	7,332	7,820	7,999	8,463	9,597
Severance payable fund		3,427	3,566	3,684	3,760	3,614	3,610	4,282
Deferred tax asset		1,915	1,942	2,496	3,225	3,740	4,395	4,977
Other assets		6,228	6,131	5,984	5,761	5,086	5,063	4,778
Total assets		216,106	217,276	222,926	217,435	220,061	222,751	225,898
Current liabilities:
Short-term bank debt and current maturities of long-term debt		12,137	11,197	9,359	10,312	9,366	7,794	6,006
Convertible note payable
Accounts payable and accrued expenses		28,109	24,960	27,682	26,598	28,818	29,233	28,777
Deferred revenue – current		6,101	6,193	6,327	6,363	6,523	7,331	7,168
Lease liability – current		2,286	2,448	2,481	2,441	2,464	2,494	2,718
Total current liabilities		48,633	44,798	45,849	45,714	47,171	46,852	44,669
Long-term debt – less current maturities		9,617	9,940	10,638	11,403	11,914	13,408	16,258
Deferred revenue – less current portion		4,804	4,582	4,378	4,390	4,208	4,139	4,466
Lease liability – less current portion		4,415	4,715	5,065	5,628	5,793	6,237	7,128
Accrued severance payable		4,142	4,284	4,396	4,365	4,148	4,118	4,857
Deferred tax liability		4,283	4,030	4,593	4,919	5,182	5,091	5,305
Other long-term liabilities		649	668	623	636	628	647	738
Total liabilities		76,543	73,017	75,542	77,055	79,044	80,492	83,421
Convertible redeemable preferred stock		59,176	59,008	58,840	57,565	56,309	55,074	53,859
Preferred stock
Common stock		387	377	376	376	376	375	376
Additional paid-in capital		233,811	234,015	234,425	233,521	233,590	233,756	233,342
Accumulated deficit		(143,322)	(139,648)	(136,671)	(141,440)	(139,784)	(137,484)	(137,366)
Accumulated other comprehensive loss		(1,904)	(998)	(1,098)	(1,210)	(1,050)	(1,062)	644
Treasury stock		(8,648)	(8,558)	(8,554)	(8,510)	(8,492)	(8,485)	(8,480)
STOCKHOLDERS’ EQUITY
Total Powerfleet, Inc. stockholders’ equity		80,324	85,188	88,478	82,737	84,640	87,100	88,516
Non-controlling interest		63	63	66	78	68	85	102
Total equity		80,387	85,251	88,544	82,815	84,708	87,185	88,618	92,197	79,288
Total liabilities, convertible redeemable preferred stock, and stockholders’ equity		216,106	217,276	222,926	217,435	220,061	222,751	225,898
Total equity		80,387	85,251	88,544	82,815	84,708	87,185	88,618	92,197	79,288
Total liabilities, convertible redeemable preferred stock, and stockholders’ equity		216,106	217,276	222,926	217,435	220,061	222,751	225,898
Redemption Premium Adjustment [Member]
Current assets:
Cash and cash equivalents
Restricted cash
Accounts receivable
Inventory, net
Deferred costs - current
Prepaid expenses and other current assets
Total current assets
Deferred costs less current portion
Fixed assets, net
Goodwill
Intangible assets, net
Right of use asset
Severance payable fund
Deferred tax asset
Other assets
Total assets
Current liabilities:
Short-term bank debt and current maturities of long-term debt
Convertible note payable
Accounts payable and accrued expenses
Deferred revenue – current
Lease liability – current
Total current liabilities
Long-term debt – less current maturities
Deferred revenue – less current portion
Lease liability – less current portion
Accrued severance payable
Deferred tax liability
Other long-term liabilities
Total liabilities
Convertible redeemable preferred stock		19,224	17,557	15,952	14,466	13,032	11,678	10,414
Preferred stock
Common stock
Additional paid-in capital		(19,224)	(17,557)	(15,952)	(14,466)	(13,032)	(11,678)	(10,414)
Accumulated deficit
Accumulated other comprehensive loss
Treasury stock
STOCKHOLDERS’ EQUITY
Total Powerfleet, Inc. stockholders’ equity		(19,224)	(17,557)	(15,952)	(14,466)	(13,032)	(11,678)	(10,414)
Non-controlling interest
Total equity		(19,224)	(17,557)	(15,952)	(14,466)	(13,032)	(11,678)	(10,414)
Total liabilities, convertible redeemable preferred stock, and stockholders’ equity
Total equity		(19,224)	(17,557)	(15,952)	(14,466)	(13,032)	(11,678)	(10,414)
Total liabilities, convertible redeemable preferred stock, and stockholders’ equity
Revision of Prior Period, Reclassification, Adjustment [Member]
Current assets:
Cash and cash equivalents
Restricted cash
Accounts receivable		188	(39)	145	154	39	(3)	55
Inventory, net
Deferred costs - current
Prepaid expenses and other current assets					(173)	(78)	(78)
Total current assets		188	(39)	145	(19)	(39)	(81)	55
Deferred costs less current portion
Fixed assets, net		(119)	(65)	(12)
Goodwill
Intangible assets, net		(136)	(91)	(45)
Right of use asset
Severance payable fund
Deferred tax asset		97	97	97	83		(448)
Other assets		653	625	658	557	184	(41)	91
Total assets		683	527	843	621	145	(570)	146
Current liabilities:
Short-term bank debt and current maturities of long-term debt
Convertible note payable
Accounts payable and accrued expenses		(1,656)	(1,571)	(1,446)	(1,201)	(1,114)	(997)	(814)
Deferred revenue – current		37	37	33	13			97
Lease liability – current
Total current liabilities		(1,619)	(1,534)	(1,413)	(1,188)	(1,114)	(997)	(717)
Long-term debt – less current maturities
Deferred revenue – less current portion		123	126	109	41
Lease liability – less current portion
Accrued severance payable
Deferred tax liability		21	(54)	(9)	(18)	(9)	(10)	(14)
Other long-term liabilities		1,656	1,571	1,446	1,152	1,126	997	814
Total liabilities		139	109	133	(13)	3	(10)	83
Convertible redeemable preferred stock
Preferred stock
Common stock
Additional paid-in capital								317
Accumulated deficit		544	418	710	634	250	(448)	(159)
Accumulated other comprehensive loss						(108)	(112)	(95)
Treasury stock
STOCKHOLDERS’ EQUITY
Total Powerfleet, Inc. stockholders’ equity		544	418	710	634	142	(560)	63
Non-controlling interest
Total equity		544	418	710	634	142	(560)	63
Total liabilities, convertible redeemable preferred stock, and stockholders’ equity		683	527	843	621	145	(570)	146
Total equity		544	418	710	634	142	(560)	63
Total liabilities, convertible redeemable preferred stock, and stockholders’ equity		$ 683	$ 527	$ 843	$ 621	$ 145	$ (570)	$ 146

SCHEDULE OF PREVIOUSLY REPORT_2

SCHEDULE OF PREVIOUSLY REPORTED CONSOLIDATED STATEMENT OF OPERATIONS (Details) - USD ($) $ in Thousands	3 Months Ended						6 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenues:
Total revenues	$ 34,242	$ 32,092	$ 32,852	$ 34,555	$ 34,520	$ 33,288	$ 64,945	$ 67,808	$ 99,187	$ 102,364	$ 133,736	$ 135,912	$ 125,960
Cost of revenues:
Total cost of revenues	17,137	16,074	16,278	17,107	18,364	18,695	32,352	37,059	49,488	54,166	66,660	70,919	66,207
Gross profit	17,105	16,018	16,574	17,448	16,156	14,593	32,593	30,749	49,699	48,198	67,076	64,993	59,753
Operating expenses:
Selling, general and administrative expenses	17,777	17,198	16,941	16,545	15,597	15,577	34,139	31,174	51,917	47,720	71,253	63,492	56,496
Research and development expenses	2,426	2,221	1,723	1,865	2,001	2,737	3,944	4,738	6,369	6,603	8,380	8,472	11,429
Total operating expenses	20,203	19,419	18,664	18,410	17,598	18,314	38,083	35,912	58,286	54,323	79,633	71,964	67,925
Loss from operations	(3,098)	(3,401)	(2,090)	(962)	(1,442)	(3,721)	(5,490)	(5,163)	(8,587)	(6,125)	(12,557)	(6,971)	(8,172)
Interest income	23	22	24	20	15	13	46	28	69	48	103	71	45
Interest expense, net	(154)	(173)	(137)	(331)	1,493	100	(310)	1,593	(464)	1,262	(1,602)	994	(2,764)
Bargain purchase – Movingdots		283	7,234								9,034
Other (expense) income, net	(24)		3	(4)	20	94	3	114	(22)	109	(29)	24	8
Net loss before income taxes	(3,253)	(3,269)	5,034	(1,277)	86	(3,514)	1,766	(3,428)	(1,487)	(4,706)	(5,051)	(5,882)	(10,883)
Income tax (expense) benefit	(295)	6	(392)	(323)	(492)	42	(386)	(450)	(681)	(773)	(589)	(870)	(1,888)
Net loss before non-controlling interest	(3,548)	(3,263)	4,642	(1,600)	(406)	(3,472)	1,380	(3,878)	(2,168)	(5,479)	(5,640)	(6,752)	(12,771)
Non-controlling interest		(6)	3	(1)	(1)	(1)	(3)	(2)	(3)	(3)	(35)	(2)	5
Net loss	(3,548)	(3,269)	4,645	(1,601)	(407)	(3,473)	1,377	(3,880)	(2,171)	(5,482)	(5,675)	(6,754)	(12,766)
Accretion of preferred stock	(1,834)	(1,772)	(1,655)	(1,521)	(1,432)	(1,351)	(3,427)	(2,783)	(5,261)	(4,305)	(7,139)	(5,906)	(5,190)
Preferred stock dividends	(1,128)	(1,129)	(1,107)	(1,067)	(1,048)	(1,028)	(2,236)	(2,076)	(3,364)	(3,143)	(4,493)	(4,231)	(4,112)
Net loss attributable to common stockholders	$ (6,510)	$ (6,170)	$ 1,883	$ (4,189)	$ (2,887)	$ (5,852)	$ (4,286)	$ (8,739)	$ (10,796)	$ (12,930)	$ (17,307)	$ (16,891)	$ (22,068)
Weighted average common shares outstanding – basic	35,653	35,605	35,548	35,406	35,386	35,332	35,577	35,359	35,602	35,375	35,628	35,393	34,571
Weighted average common shares outstanding – diluted	35,653	35,605	35,628	35,406	35,386	35,332	35,577	35,359	35,602	35,375	35,628	35,393	34,571
Bargain purchase - Movingdots							$ 7,517		$ 7,517
Product [Member]
Revenues:
Total revenues	13,232	$ 11,084	$ 12,508	14,440	$ 14,589	$ 14,519	23,593	29,108	36,825	43,549	$ 49,741	$ 56,945	$ 52,902
Cost of revenues:
Total cost of revenues	8,843	8,550	9,002	9,780	11,336	11,911	17,552	23,247	26,394	33,026	36,404	42,569	39,627
Service [Member]
Revenues:
Total revenues	21,010	21,008	20,344	20,115	19,931	18,769	41,352	38,700	62,362	58,815	83,995	78,967	73,058
Cost of revenues:
Total cost of revenues	8,294	7,524	7,276	7,327	7,028	6,784	14,800	13,812	23,094	21,140	$ 30,256	28,350	26,580
Previously Reported [Member]
Revenues:
Total revenues	34,195	32,050	32,839	34,288	34,594	33,161	64,889	67,755	99,084	102,043		135,157	126,208
Cost of revenues:
Total cost of revenues	17,080	16,017	16,221	17,107	18,364	18,762	32,238	37,126	49,317	54,233		70,986	66,025
Gross profit	17,115	16,033	16,618	17,181	16,230	14,399	32,651	30,629	49,767	47,810		64,171	60,183
Operating expenses:
Selling, general and administrative expenses	17,988	16,987	16,787	16,664	15,817	14,912	33,774	30,729	51,763	47,393		63,001	57,100
Research and development expenses	2,384	2,179	1,723	1,735	2,001	3,229	3,902	5,230	6,285	6,965		8,964	11,058
Total operating expenses	20,372	19,166	18,510	18,399	17,818	18,141	37,676	35,959	58,048	54,358		71,965	68,158
Loss from operations	(3,257)	(3,133)	(1,892)	(1,218)	(1,588)	(3,742)	(5,025)	(5,330)	(8,281)	(6,548)		(7,794)	(7,975)
Interest income	23	22	24	20	15	13	46	28	69	48		71	45
Interest expense, net	(154)	(173)	(137)	(331)	1,493	100	(310)	1,593	(464)	1,262		994	(2,764)
Bargain purchase – Movingdots		283	7,234
Other (expense) income, net	(24)	69	(66)		3	(1)	3	2	(22)	1		24	8
Net loss before income taxes	(3,412)	(2,932)	5,163	(1,529)	(77)	(3,630)	2,231	(3,707)	(1,181)	(5,237)		(6,705)	(10,686)
Income tax (expense) benefit	(262)	(39)	(397)	(770)	(40)	703	(436)	663	(698)	(107)		(296)	(2,607)
Net loss before non-controlling interest	(3,674)	(2,971)	4,766	(2,299)	(117)	(2,927)	1,795	(3,044)	(1,879)	(5,344)		(7,001)	(13,293)
Non-controlling interest		(6)	3	(1)	(1)	(1)	(3)	(2)	(3)	(3)		(2)	5
Net loss	(3,674)	(2,977)	4,769	(2,300)	(118)	(2,928)	1,792	(3,046)	(1,882)	(5,347)		(7,003)	(13,288)
Accretion of preferred stock	(167)	(168)	(168)	(168)	(168)	(168)	(336)	(336)	(503)	(504)		(671)	(672)
Preferred stock dividends	(1,128)	(1,129)	(1,107)	(1,067)	(1,048)	(1,028)	(2,236)	(2,076)	(3,364)	(3,143)		(4,231)	(4,112)
Net loss attributable to common stockholders	$ (4,969)	$ (4,274)	$ 3,494	$ (3,535)	$ (1,334)	$ (4,124)	$ (780)	$ (5,458)	$ (5,749)	$ (8,994)		$ (11,905)	$ (18,072)
Weighted average common shares outstanding – basic	35,653	35,605	35,548	35,406	35,386	35,332	35,577	35,359	35,602	35,375		35,393	34,571
Weighted average common shares outstanding – diluted	35,653	35,605	35,628	35,406	35,386	35,332	35,670	35,359	35,602	35,375		35,393	34,571
Bargain purchase - Movingdots							$ 7,517		$ 7,517
Previously Reported [Member] | Product [Member]
Revenues:
Total revenues	13,147	$ 11,012	$ 12,404	14,021	$ 14,818	$ 14,392	23,416	29,210	36,563	43,231		$ 56,313	$ 52,981
Cost of revenues:
Total cost of revenues	8,843	8,550	9,002	9,839	11,336	11,978	17,552	23,314	26,394	33,152		42,636	39,445
Previously Reported [Member] | Service [Member]
Revenues:
Total revenues	21,048	21,038	20,435	20,267	19,776	18,769	41,473	38,545	62,521	58,812		78,844	73,227
Cost of revenues:
Total cost of revenues	8,237	7,467	7,219	7,268	7,028	6,784	14,686	13,812	22,923	21,081		28,350	26,580
Redemption Premium Adjustment [Member]
Revenues:
Total revenues
Cost of revenues:
Total cost of revenues
Gross profit
Operating expenses:
Selling, general and administrative expenses
Research and development expenses
Total operating expenses
Loss from operations
Interest income
Interest expense, net
Bargain purchase – Movingdots
Other (expense) income, net
Net loss before income taxes
Income tax (expense) benefit
Net loss before non-controlling interest
Non-controlling interest
Net loss
Accretion of preferred stock	(1,667)	(1,604)	(1,487)	(1,353)	(1,264)	(1,183)	(3,091)	(2,447)	(4,758)	3,801		(5,235)	(4,518)
Preferred stock dividends
Net loss attributable to common stockholders	$ (1,667)	$ (1,604)	$ (1,487)	$ (1,353)	$ (1,264)	$ (1,183)	$ (3,091)	$ (2,447)	$ (4,758)	$ (3,801)		$ (5,235)	$ (4,518)
Weighted average common shares outstanding – basic	35,653	35,605	35,548	35,406	35,386	35,332	35,577	35,359	35,602	35,375		35,393	34,571
Weighted average common shares outstanding – diluted	35,653	35,605	35,628	35,406	35,386	35,332	35,577	35,359	35,602	35,375		35,393	34,571
Bargain purchase - Movingdots
Redemption Premium Adjustment [Member] | Product [Member]
Revenues:
Total revenues
Cost of revenues:
Total cost of revenues
Redemption Premium Adjustment [Member] | Service [Member]
Revenues:
Total revenues
Cost of revenues:
Total cost of revenues
Revision of Prior Period, Reclassification, Adjustment [Member]
Revenues:
Total revenues	4	42	13	267	(74)	127	56	53	103	321		755	(248)
Cost of revenues:
Total cost of revenues	57	57	57			(67)	114	(67)	171	(67)		(67)	182
Gross profit	(10)	(15)	(44)	267	(74)	194	(58)	120	(68)	388		822	(430)
Operating expenses:
Selling, general and administrative expenses	(211)	211	154	(119)	(220)	665	365	445	154	327		491	(604)
Research and development expenses	42	42		130		(492)	42	(492)	84	(362)		(492)	371
Total operating expenses	(169)	253	154	11	(220)	173	407	(47)	238	(35)		(1)	(233)
Loss from operations	159	(268)	(198)	256	146	21	(465)	167	(306)	423		823	(197)
Interest income
Interest expense, net
Bargain purchase – Movingdots
Other (expense) income, net		(69)	69	(4)	17	95		112		108
Net loss before income taxes	159	(337)	(129)	252	163	116	(465)	279	(306)	531		823	(197)
Income tax (expense) benefit	(33)	45	5	447	(452)	(661)	50	(1,113)	17	(666)		(574)	719
Net loss before non-controlling interest	126	(292)	(124)	699	(289)	(545)	(415)	(834)	(289)	(135)		249	522
Non-controlling interest
Net loss	126	(292)	(124)	699	(289)	(545)	(415)	(834)	(289)	(135)		249	522
Accretion of preferred stock
Preferred stock dividends
Net loss attributable to common stockholders	$ 126	$ (292)	$ (124)	$ 699	$ (289)	$ (545)	$ (415)	$ (834)	$ (289)	$ (135)		$ 249	$ 522
Weighted average common shares outstanding – basic	35,653	35,605	35,548	35,406	35,386	35,332	35,577	35,359	35,602	35,375		35,393	34,571
Weighted average common shares outstanding – diluted	35,653	35,605	35,628	35,406	35,386	35,332	35,577	35,359	35,602	35,375		35,393	34,571
Bargain purchase - Movingdots
Revision of Prior Period, Reclassification, Adjustment [Member] | Product [Member]
Revenues:
Total revenues	85	$ 72	$ 104	419	$ (229)	$ 127	177	(102)	$ 262	318		$ 632	$ (79)
Cost of revenues:
Total cost of revenues				(59)		(67)		(67)		(126)		(67)	182
Revision of Prior Period, Reclassification, Adjustment [Member] | Service [Member]
Revenues:
Total revenues	(38)	(30)	(91)	(152)	155		(121)	155	(159)	3		123	(169)
Cost of revenues:
Total cost of revenues	$ 57	$ 57	$ 57	$ 59			$ 114		$ 171	$ 59

Schedule of Previously Report_3

Schedule of Previously Reported Consolidated Statement of Comprehensive Loss (Details) - $ / shares	3 Months Ended						6 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net loss per share attributable to common stockholders - basic	$ (0.18)	$ (0.17)	$ 0.04	$ (0.12)	$ (0.08)	$ (0.17)	$ (0.12)	$ (0.25)	$ (0.30)	$ (0.37)	$ (0.49)	$ (0.48)	$ (0.64)
Net loss per share attributable to common stockholders - diluted	$ (0.18)	$ (0.17)	$ 0.04	$ (0.12)	$ (0.08)	$ (0.17)	$ (0.12)	$ (0.25)	$ (0.30)	$ (0.37)	$ (0.49)	$ (0.48)	$ (0.64)
Weighted average common shares outstanding - basic	35,653	35,605	35,548	35,406	35,386	35,332	35,577	35,359	35,602	35,375	35,628	35,393	34,571
Weighted average common shares outstanding - diluted	35,653	35,605	35,628	35,406	35,386	35,332	35,577	35,359	35,602	35,375	35,628	35,393	34,571
Previously Reported [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net loss per share attributable to common stockholders - basic	$ (0.14)	$ (0.12)	$ 0.11	$ (0.10)	$ (0.04)	$ (0.12)	$ 0.01	$ (0.15)	$ (0.16)	$ (0.25)		$ (0.34)	$ (0.52)
Net loss per share attributable to common stockholders - diluted	$ (0.14)	$ (0.12)	$ 0.11	$ (0.10)	$ (0.04)	$ (0.12)	$ 0.01	$ (0.15)	$ (0.16)	$ (0.25)		$ (0.34)	$ (0.52)
Weighted average common shares outstanding - basic	35,653	35,605	35,548	35,406	35,386	35,332	35,577	35,359	35,602	35,375		35,393	34,571
Weighted average common shares outstanding - diluted	35,653	35,605	35,628	35,406	35,386	35,332	35,670	35,359	35,602	35,375		35,393	34,571
Redemption Premium Adjustment [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net loss per share attributable to common stockholders - basic	$ (0.05)	$ (0.05)	$ (0.06)		$ (0.04)	$ (0.03)	$ (0.12)		$ (0.13)	$ (0.11)		$ (0.15)	$ (0.13)
Net loss per share attributable to common stockholders - diluted	$ (0.05)	$ (0.05)	$ (0.06)		$ (0.04)	$ (0.03)	$ (0.12)		$ (0.13)	$ (0.11)		$ (0.15)	$ (0.13)
Weighted average common shares outstanding - basic	35,653	35,605	35,548	35,406	35,386	35,332	35,577	35,359	35,602	35,375		35,393	34,571
Weighted average common shares outstanding - diluted	35,653	35,605	35,628	35,406	35,386	35,332	35,577	35,359	35,602	35,375		35,393	34,571
Revision of Prior Period, Reclassification, Adjustment [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net loss per share attributable to common stockholders - basic	$ 0	$ (0.01)	$ (0.01)	$ (0.04)	$ (0.01)	$ (0.02)	$ (0.01)	$ (0.07)	$ (0.01)	$ 0		$ 0.01	$ 0.02
Net loss per share attributable to common stockholders - diluted	$ 0	$ (0.01)	$ (0.01)	$ (0.04)	$ (0.01)	$ (0.02)	$ (0.01)	$ (0.07)	$ (0.01)	$ 0		$ 0.01	$ 0.02
Weighted average common shares outstanding - basic	35,653	35,605	35,548	35,406	35,386	35,332	35,577	35,359	35,602	35,375		35,393	34,571
Weighted average common shares outstanding - diluted	35,653	35,605	35,628	35,406	35,386	35,332	35,577	35,359	35,602	35,375		35,393	34,571
Revision of Prior Period, Error Correction, Adjustment [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net loss per share attributable to common stockholders - basic				$ 0.02				$ (0.02)
Net loss per share attributable to common stockholders - diluted				$ 0.02				$ (0.02)

SCHEDULE OF PREVIOUSLY REPORT_4

SCHEDULE OF PREVIOUSLY REPORTED CONSOLIDATED STATEMENT OF CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Details) - USD ($) $ in Thousands	3 Months Ended						6 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Balance	$ 68,112	$ 73,302	$ 68,983	$ 74,947	$ 78,267	$ 83,351	$ 68,983	$ 83,351	$ 68,983	$ 83,351	$ 68,983	$ 83,351	$ 74,438
Net loss attributable to common stockholders	(6,510)	(6,170)	1,883	(4,189)	(2,887)	(5,852)	(4,286)	(8,739)	(10,796)	(12,930)	(17,307)	(16,891)	(22,068)
Issuance of restricted shares													1
Shares issued pursuant to exercise of stock options		36											877
Common shares issued, net of issuance costs													26,866
Stock based compensation	1,101	852	832	1,070	1,312	775					3,908	4,343	4,676
Forfeiture of restricted shares													(1)
Balance	61,707	68,112	73,302	71,818	74,947	78,267	68,112	74,947	61,707	71,818	57,644	68,983	83,351
Additional Paid-in Capital [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Balance	216,458	218,473	219,055	222,078	223,245	224,852	219,055	224,852	219,055	224,852	219,055	224,852	201,786
Net loss attributable to common stockholders											(11,632)	(10,137)	(9,303)
Issuance of restricted shares	(10)	(1)		(1)		(4)					(13)	(5)	(4)
Shares issued pursuant to exercise of stock options		36											875
Common shares issued, net of issuance costs													26,822
Stock based compensation	1,101	852	832	1,070	1,312	775					3,908	4,343	4,676
Forfeiture of restricted shares					1	1					2	2
Balance	214,587	216,458	218,473	220,558	222,078	223,245	216,458	222,078	214,587	220,558	212,703	219,055	224,852
Retained Earnings [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Balance	(139,230)	(135,961)	(140,806)	(137,932)	(137,525)	(134,052)	(140,806)	(134,052)	(140,806)	(134,052)	(140,806)	(134,052)	(121,287)
Net loss attributable to common stockholders											(5,675)	(6,754)	(12,765)
Issuance of restricted shares
Shares issued pursuant to exercise of stock options
Common shares issued, net of issuance costs
Stock based compensation
Forfeiture of restricted shares
Balance	(142,778)	(139,230)	(135,961)	(139,534)	(137,932)	(137,525)	(139,230)	(137,932)	(142,778)	(139,534)	(146,281)	(140,806)	(134,052)
Previously Reported [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Balance	85,251	88,544	82,815	87,185	88,618	92,197	82,815	92,197	82,815	92,197	82,815	92,197	79,288
Net loss attributable to common stockholders	(4,969)	(4,274)	3,494	(3,535)	(1,334)	(4,124)	(780)	(5,458)	(5,749)	(8,994)		(11,905)	(18,072)
Balance	80,387	85,251	88,544	84,708	87,185	88,618	85,251	87,185	80,387	84,708		82,815	92,197
Previously Reported [Member] | Additional Paid-in Capital [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Balance			233,521			234,083	233,521	234,083	233,521	234,083	233,521	234,083	206,499
Net loss attributable to common stockholders												(4,902)	(4,785)
Issuance of restricted shares												(5)	(4)
Shares issued pursuant to exercise of stock options													875
Common shares issued, net of issuance costs													26,822
Stock based compensation												4,343	4,676
Forfeiture of restricted shares												2
Balance												233,521	234,083
Previously Reported [Member] | Retained Earnings [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Balance			(141,440)			(134,437)	(141,440)	(134,437)	(141,440)	(134,437)	(141,440)	(134,437)	(121,150)
Net loss attributable to common stockholders												(7,003)	(13,287)
Issuance of restricted shares
Shares issued pursuant to exercise of stock options
Common shares issued, net of issuance costs
Stock based compensation
Forfeiture of restricted shares
Balance												(141,440)	(134,437)
Redemption Premium Adjustment [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Balance	(17,557)	(15,952)	(14,466)	(11,678)	(10,414)		(14,466)		(14,466)		(14,466)
Net loss attributable to common stockholders	(1,667)	(1,604)	(1,487)	(1,353)	(1,264)	(1,183)	(3,091)	(2,447)	(4,758)	(3,801)		(5,235)	(4,518)
Balance	(19,224)	(17,557)	(15,952)	(13,032)	(11,678)	(10,414)	(17,557)	(11,678)	(19,224)	(13,032)		(14,466)
Redemption Premium Adjustment [Member] | Additional Paid-in Capital [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Balance			(14,466)			(9,231)	(14,466)	(9,231)	(14,466)	(9,231)	(14,466)	(9,231)	(4,713)
Net loss attributable to common stockholders												(5,235)	(4,518)
Issuance of restricted shares
Shares issued pursuant to exercise of stock options
Common shares issued, net of issuance costs
Stock based compensation
Forfeiture of restricted shares
Balance												(14,466)	(9,231)
Redemption Premium Adjustment [Member] | Retained Earnings [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Balance
Net loss attributable to common stockholders
Issuance of restricted shares
Shares issued pursuant to exercise of stock options
Common shares issued, net of issuance costs
Stock based compensation
Forfeiture of restricted shares
Balance
Revision of Prior Period, Reclassification, Adjustment [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Balance	418	710	634	(560)	63		634		634		634
Net loss attributable to common stockholders	126	(292)	(124)	699	(289)	(545)	(415)	(834)	(289)	(135)		249	522
Balance	$ 544	$ 418	710	$ 142	$ (560)	63	418	(560)	544	142		634
Revision of Prior Period, Reclassification, Adjustment [Member] | Additional Paid-in Capital [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Balance
Net loss attributable to common stockholders
Issuance of restricted shares
Shares issued pursuant to exercise of stock options
Common shares issued, net of issuance costs
Stock based compensation
Forfeiture of restricted shares
Balance
Revision of Prior Period, Reclassification, Adjustment [Member] | Retained Earnings [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Balance			$ 634			$ 385	$ 634	$ 385	$ 634	$ 385	$ 634	385	(137)
Net loss attributable to common stockholders												249	522
Issuance of restricted shares
Shares issued pursuant to exercise of stock options
Common shares issued, net of issuance costs
Stock based compensation
Forfeiture of restricted shares
Balance												$ 634	$ 385

SCHEDULE OF PREVIOUSLY REPORT_5

SCHEDULE OF PREVIOUSLY REPORTED CONSOLIDATED STATEMENT OF COMPREHENSIVE LOSS (Details) - USD ($) $ in Thousands	3 Months Ended						6 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net loss attributable to common stockholders	$ (6,510)	$ (6,170)	$ 1,883	$ (4,189)	$ (2,887)	$ (5,852)	$ (4,286)	$ (8,739)	$ (10,796)	$ (12,930)	$ (17,307)	$ (16,891)	$ (22,068)
Foreign currency translation adjustment (As restated)	(906)	100	112	16	(1,723)	158	212	(1,565)	(694)	(1,549)	594	(1,601)	(8)
Total other comprehensive income (loss)	(906)	100	112	16	(1,723)	158	212	(1,565)	(694)	(1,549)	594	(1,601)	(8)
Comprehensive loss	(7,416)	(6,070)	1,995	(4,173)	(4,610)	(5,694)	(4,074)	(10,304)	(11,490)	(14,479)	(16,713)	(18,492)	(22,076)
Total other comprehensive loss	(906)	100	112	16	(1,723)	158	212	(1,565)	(694)	(1,549)	594	(1,601)	(8)
Comprehensive loss	(7,416)	(6,070)	1,995	(4,173)	(4,610)	(5,694)	(4,074)	(10,304)	(11,490)	(14,479)	$ (16,713)	(18,492)	(22,076)
Previously Reported [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net loss attributable to common stockholders	(4,969)	(4,274)	3,494	(3,535)	(1,334)	(4,124)	(780)	(5,458)	(5,749)	(8,994)		(11,905)	(18,072)
Foreign currency translation adjustment (As restated)	(906)	100	112	16	(1,723)	158	212	(1,565)	(694)	(1,549)		(1,601)	(8)
Total other comprehensive income (loss)	(906)	100	112	16	(1,723)	158	212	(1,565)	(694)	(1,549)		(1,601)	(8)
Comprehensive loss	(5,875)	(4,174)	3,606	(3,519)	(3,057)	(3,966)	(568)	(7,023)	(6,443)	(10,543)		(13,506)	(18,080)
Total other comprehensive loss	(906)	100	112	16	(1,723)	158	212	(1,565)	(694)	(1,549)		(1,601)	(8)
Comprehensive loss	(5,875)	(4,174)	3,606	(3,519)	(3,057)	(3,966)	(568)	(7,023)	(6,443)	(10,543)		(13,506)	(18,080)
Redemption Premium Adjustment [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net loss attributable to common stockholders	(1,667)	(1,604)	(1,487)	(1,353)	(1,264)	(1,183)	(3,091)	(2,447)	(4,758)	(3,801)		(5,235)	(4,518)
Foreign currency translation adjustment (As restated)
Total other comprehensive income (loss)
Comprehensive loss	(1,667)	(1,604)	(1,487)	(1,353)	(1,264)	(1,183)	(3,091)	(2,447)	(4,758)	(3,801)		(5,235)	(4,518)
Total other comprehensive loss
Comprehensive loss	(1,667)	(1,604)	(1,487)	(1,353)	(1,264)	(1,183)	(3,091)	(2,447)	(4,758)	(3,801)		(5,235)	(4,518)
Revision of Prior Period, Reclassification, Adjustment [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net loss attributable to common stockholders	126	(292)	(124)	699	(289)	(545)	(415)	(834)	(289)	(135)		249	522
Foreign currency translation adjustment (As restated)
Total other comprehensive income (loss)
Comprehensive loss	126	(292)	(124)	699	(289)	(545)	(415)	(834)	(289)	(135)		249	522
Total other comprehensive loss
Comprehensive loss	$ 126	$ (292)	$ (124)	$ 699	$ (289)	$ (545)	$ (415)	$ (834)	$ (289)	$ (135)		$ 249	$ 522

SCHEDULE OF PREVIOUSLY REPORT_6

SCHEDULE OF PREVIOUSLY REPORTED CONSOLIDATED STATEMENT OF CASH FLOWS (Details) - USD ($) $ in Thousands	3 Months Ended						6 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash flows from operating activities
Net loss	$ (3,548)	$ (3,269)	$ 4,645	$ (1,601)	$ (407)	$ (3,473)	$ 1,377	$ (3,880)	$ (2,171)	$ (5,482)	$ (5,675)	$ (6,754)	$ (12,766)
Adjustments to reconcile net loss to cash (used in) provided by operating activities:
Non-controlling interest		6	(3)	1	1	1	3	2	3	3	35	2	(5)
Gain on bargain purchase			(7,234)				(7,517)		(7,517)		(9,034)
Inventory reserve			2			53	375	119	619	177	1,500	149	(22)
Stock based compensation expense			832			774	1,684	2,086	2,785	3,156	3,908	4,343	4,676
Depreciation and amortization			2,290			2,089	4,612	4,133	7,097	6,152	9,445	8,262	8,553
Right-of-use assets, non-cash lease expense			658			658	1,318	1,382	1,900	2,071	2,814	2,756	2,908
Bad debt expense			428			252	1,026	(364)	1,361	102	1,767	66	997
Deferred income taxes			372			(41)	348	450	657	773	(6)	708	1,888
Other non-cash items			46			556	73	604	172	660	103	707	305
Changes in:
Accounts receivable			824			(164)	156	(2,483)	(3,042)	(2,639)	(1,460)	(1,368)	(9,549)
Inventory			(237)			(1,929)	152	(5,410)	(2,260)	(5,544)	(1,743)	(4,473)	(5,943)
Prepaid expenses and other assets			(85)			(1,486)	259	(351)	(34)	(925)	791	(816)	(2,860)
Deferred costs			239			731	424	1,055	571	1,345	679	1,608	2,990
Deferred revenue			(3)			263	55	10	219	(720)	(295)	(627)	(1,767)
Accounts payable and accrued expenses			(325)			809	(1,791)	1,856	1,173	1,729	4,440	(533)	8,140
Lease liabilities			(694)			(631)	(1,344)	(1,335)	(1,941)	(2,034)	(2,851)	(2,739)	(2,790)
Accrued severance payable, net							88	30	91	63	(21)	(42)	(145)
Net cash used in operating activities			1,755			(1,538)	1,298	(2,096)	(317)	(1,113)	4,397	1,249	(5,390)
Cash flows from investing activities:
Acquisitions, net of cash assumed			8,722				8,722		8,722		8,722
Purchase of investments			(100)				(100)		(100)		(100)	(100)
Capitalized software development costs			(680)				(1,677)		(2,727)		(3,629)	(2,219)	(627)
Capital expenditures			(1,100)			(1,102)	(2,066)	(2,505)	(2,541)	(4,493)	(3,464)	(4,011)	(2,400)
Net cash (used in) provided by investing activities			6,842			(1,102)	4,879	(2,505)	3,354	(4,493)	1,529	(6,330)	(3,027)
Cash flows from financing activities:
Net proceeds from stock offering													26,867
Repayment of long-term debt			(1,329)			(1,497)	(2,658)	(2,897)	(3,985)	(4,279)	(4,408)	(5,659)	(5,571)
Repayment of financing lease											(129)	(121)	(138)
Short-term bank debt, net			(1)				2,736	2,330	4,995	3,949	4,321	5,709	(270)
Purchase of treasury stock upon vesting of restricted stock			(44)			(181)	(48)	(186)	(138)	(193)	(141)	(211)	(794)
Payment of preferred stock dividend							(1,128)		(2,257)		(3,385)		(4,112)
Proceeds from exercise of stock options							36		36		36		229
Effect of foreign exchange rate changes on cash and cash equivalents			(123)			(1,575)	(1,066)	(3,394)	(70)	(3,619)	(877)	(3,408)	531
Net (decrease) increase in cash, cash equivalents and restricted cash			7,100			(5,893)	4,049	(8,748)	1,618	(9,748)	1,343	(8,771)	8,325
Cash, cash equivalents, and restricted cash, beginning of year	22,038	25,089	17,989	18,012	20,867	26,760	17,989	26,760	17,989	26,760	17,989	26,760	18,435
Cash, cash equivalents, and restricted cash, end of year	19,607	22,038	25,089	17,012	18,012	20,867	22,038	18,012	19,607	17,012	19,332	17,989	26,760
Reconciliation of cash, cash equivalents, and restricted cash, beginning of period
Cash and cash equivalents	21,729	24,780	17,680	17,703	20,559	26,452	17,680	26,452	17,680	26,452	17,680	26,452	18,127
Restricted cash	309	309	309	309	308	308	309	308	309	308	309	308	308
Reconciliation of cash, cash equivalents, and restricted cash, end of period
Cash and cash equivalents	19,297	21,729	24,780	16,703	17,703	20,559	21,729	17,703	19,297	16,703	19,022	17,680	26,452
Cash paid for:
Taxes			5			3	106	48	120	52	175	63	58
Interest			383			326	621	639	921	945	1,656	1,308	1,474
Noncash investing and financing activities:
Value of shares withheld pursuant to exercise of stock options													647
Net cash (used in) provided by investing activities			6,842			(1,102)	4,879	(2,505)	3,354	(4,493)	1,529	(6,330)	(3,027)
Net cash used in financing activities			(1,374)			(1,678)	(1,062)	(753)	(1,349)	(523)	(3,706)	(282)	16,211
Restricted cash	310	309	309	309	309	308	309	309	310	309	310	309	308
Preferred stock dividends paid in shares											1,108	4,231
Value of warrant issued in connection with Movingdots acquisition			1,347				1,347		1,347		1,347
Previously Reported [Member]
Cash flows from operating activities
Net loss	(3,674)	(2,977)	4,769	(2,300)	(118)	(2,928)	1,792	(3,046)	(1,882)	(5,347)		(7,003)	(13,288)
Adjustments to reconcile net loss to cash (used in) provided by operating activities:
Non-controlling interest		6	(3)	1	1	1	3	2	3	3		2	(5)
Gain on bargain purchase			(7,234)				(7,517)		(7,517)
Inventory reserve			2			53	375	119	619	177		149	(22)
Stock based compensation expense			832			457	1,684	2,086	2,785	3,156		4,343	4,676
Depreciation and amortization			2,233			2,089	4,498	4,133	6,926	6,152		8,262	8,553
Right-of-use assets, non-cash lease expense			658			658	1,318	1,382	1,900	2,071		2,756	2,859
Bad debt expense			228			252	826	(364)	1,161	102		66	1,442
Deferred income taxes			377			(703)	398	(663)	674	107		134	2,607
Other non-cash items			46			556	73	604	172	660		707	305
Changes in:
Accounts receivable			815			(533)	(37)	(2,911)	(3,006)	(3,025)		(1,638)	(9,643)
Inventory			(237)			(1,929)	152	(5,410)	(2,260)	(5,544)		(4,473)	(6,058)
Prepaid expenses and other assets			189			(1,337)	500	(412)	235	(761)		(374)	(2,918)
Deferred costs			239			372	424	696	571	986		1,249	3,349
Deferred revenue			(91)			689	(53)	533	113	(197)		(158)	(2,290)
Accounts payable and accrued expenses			(374)			809	(1,840)	1,856	1,124	1,717		(484)	8,300
Lease liabilities			(694)			(631)	(1,344)	(1,335)	(1,941)	(2,034)		(2,739)	(2,741)
Accrued severance payable, net							88	30	91	63		(42)	(145)
Net cash used in operating activities			1,755			(2,125)	1,340	(2,700)	(232)	(1,714)		757	(5,019)
Cash flows from investing activities:
Acquisitions, net of cash assumed			8,722				8,722		8,722
Purchase of investments			(100)				(100)		(100)			(100)
Capitalized software development costs			(680)				(1,677)		(2,727)			(2,219)	(627)
Capital expenditures			(1,100)			(610)	(2,108)	(2,013)	(2,626)	(4,001)		(3,519)	(2,771)
Net cash (used in) provided by investing activities			6,842			(610)	4,837	(2,013)	3,269	(4,001)		(5,838)	(3,398)
Cash flows from financing activities:
Net proceeds from stock offering													26,867
Repayment of long-term debt			(1,329)			(1,497)	(2,658)	(2,897)	(3,985)	(4,279)		(5,659)	(5,571)
Repayment of financing lease												(121)	(138)
Short-term bank debt, net			(1)				2,736	2,330	4,995	3,949		5,709	(270)
Purchase of treasury stock upon vesting of restricted stock			(44)			(181)	(48)	(186)	(138)	(193)		(211)	(794)
Payment of preferred stock dividend							(1,128)		(2,257)				(4,112)
Proceeds from exercise of stock options							36		36				229
Effect of foreign exchange rate changes on cash and cash equivalents			(123)			(1,480)	(1,066)	(3,282)	(70)	(3,510)		(3,408)	531
Net (decrease) increase in cash, cash equivalents and restricted cash			7,100			(5,893)	4,049	(8,748)	1,618	(9,748)		(8,771)	8,325
Cash, cash equivalents, and restricted cash, beginning of year	22,038	25,089	17,989	18,012	20,867	26,760	17,989	26,760	17,989	26,760	17,989	26,760	18,435
Cash, cash equivalents, and restricted cash, end of year	19,607	22,038	25,089	17,012	18,012	20,867	22,038	18,012	19,607	17,012		17,989	26,760
Reconciliation of cash, cash equivalents, and restricted cash, beginning of period
Cash and cash equivalents	21,729	24,780	17,680	17,703	20,559	26,452	17,680	26,452	17,680	26,452	17,680	26,452	18,127
Restricted cash	309	309	309	309	308	308	309	308	309	308	309	308	308
Reconciliation of cash, cash equivalents, and restricted cash, end of period
Cash and cash equivalents	19,297	21,729	24,780	16,703	17,703	20,559	21,729	17,703	19,297	16,703		17,680	26,452
Cash paid for:
Taxes			5			3	106	48	120	52		63	58
Interest			383			326	621	639	921	945		1,308	1,474
Noncash investing and financing activities:
Value of shares withheld pursuant to exercise of stock options													647
Net cash (used in) provided by investing activities			6,842			(610)	4,837	(2,013)	3,269	(4,001)		(5,838)	(3,398)
Net cash used in financing activities			(1,374)			(1,678)	(1,062)	(753)	(1,349)	(523)		(282)
Restricted cash	310	309	309	309	309	308	309	309	310	309		309	308
Preferred stock dividends paid in shares												4,231
Value of warrant issued in connection with Movingdots acquisition			1,347				1,347		1,347
Revision of Prior Period, Reclassification, Adjustment [Member]
Cash flows from operating activities
Net loss	126	(292)	(124)	699	(289)	(545)	(415)	(834)	(289)	(135)		249	522
Adjustments to reconcile net loss to cash (used in) provided by operating activities:
Non-controlling interest
Gain on bargain purchase
Inventory reserve
Stock based compensation expense						317
Depreciation and amortization			57				114		171
Right-of-use assets, non-cash lease expense													49
Bad debt expense			200				200		200				(445)
Deferred income taxes			(5)			662	(50)	1,113	(17)	666		574	(719)
Other non-cash items
Changes in:
Accounts receivable			9			369	193	428	(36)	386		270	94
Inventory													115
Prepaid expenses and other assets			(274)			(149)	(241)	61	(269)	(164)		(442)	58
Deferred costs						359		359		359		359	(359)
Deferred revenue			88			(426)	108	(523)	106	(523)		(469)	523
Accounts payable and accrued expenses			49				49		49	12		(49)	(160)
Lease liabilities													(49)
Accrued severance payable, net
Net cash used in operating activities						587	(42)	604	(85)	601		492	(371)
Cash flows from investing activities:
Acquisitions, net of cash assumed
Purchase of investments
Capitalized software development costs
Capital expenditures						492	42	492	85	492		(492)	371
Net cash (used in) provided by investing activities						492	42	492	85	492		(492)	371
Cash flows from financing activities:
Net proceeds from stock offering
Repayment of long-term debt
Repayment of financing lease
Short-term bank debt, net
Purchase of treasury stock upon vesting of restricted stock
Payment of preferred stock dividend
Proceeds from exercise of stock options
Effect of foreign exchange rate changes on cash and cash equivalents						(95)		(112)		(109)
Net (decrease) increase in cash, cash equivalents and restricted cash
Cash, cash equivalents, and restricted cash, beginning of year
Cash, cash equivalents, and restricted cash, end of year
Reconciliation of cash, cash equivalents, and restricted cash, beginning of period
Cash and cash equivalents
Restricted cash
Reconciliation of cash, cash equivalents, and restricted cash, end of period
Cash and cash equivalents
Cash paid for:
Taxes
Interest
Noncash investing and financing activities:
Value of shares withheld pursuant to exercise of stock options
Net cash (used in) provided by investing activities						492	42	492	85	492		(492)	371
Net cash used in financing activities
Restricted cash
Preferred stock dividends paid in shares
Value of warrant issued in connection with Movingdots acquisition

SCHEDULE OF PREVIOUSLY REPORT_7

SCHEDULE OF PREVIOUSLY REPORTED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDER'S EQUITY (Details) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended						6 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Balance	$ 61,707	$ 68,112	$ 73,302	$ 71,818	$ 74,947	$ 78,267	$ 68,112	$ 74,947	$ 61,707	$ 71,818	$ 57,644	$ 68,983	$ 83,351
Balance	68,112	73,302	68,983	74,947	78,267	83,351	68,983	83,351	68,983	83,351	68,983	83,351	74,438
Net loss attributable to common stockholders (As restated)	(6,510)	(6,171)	1,884	(4,191)	(2,887)	(5,852)
Net loss attributable to non-controlling interest		6	(3)	1	1	1	3	2	3	3	35	2	(5)
Foreign currency translation adjustment	(906)	91	103	(2)	(1,741)	173					583	(1,611)	8
Issuance of restricted shares													1
Forfeiture of restricted shares													(1)
Vesting of restricted stock units
Shares withheld pursuant to vesting of restricted stock						(181)							(647)
Stock based compensation	1,101	852	832	1,070	1,312	775					3,908	4,343	4,676
Shares withheld pursuant to vesting of restricted stock	(90)	(4)	(44)	(7)	(5)						(141)	(211)	(794)
Warrant issuance in connection with acquisition			1,347
Exercise of stock options		36											877
Exercise of stock options											36
Common Stock [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Balance	$ 387	$ 377	$ 376	$ 376	$ 375	$ 376	$ 377	$ 375	$ 387	$ 376	$ 387	$ 376	$ 373
Balance, shares	38,699	37,717	37,621	37,584	37,546	37,570	37,717	37,546	38,699	37,584	38,716	37,605	37,263
Balance	$ 377	$ 376	$ 376	$ 375	$ 376	$ 373	$ 376	$ 373	$ 376	$ 373	$ 376	$ 373	$ 323
Balance, shares	37,717	37,621	37,605	37,546	37,570	37,263	37,605	37,263	37,605	37,263	37,605	37,263	32,280
Net loss attributable to common stockholders (As restated)
Net loss attributable to non-controlling interest
Foreign currency translation adjustment
Issuance of restricted shares	$ 10	$ 1		$ 1		$ 4					$ 13	$ 5	$ 5
Issuance of restricted shares, shares	982	162	75	78		398					1,247	492	449
Forfeiture of restricted shares					$ (1)	$ (1)					$ (2)	$ (2)	$ (1)
Forfeiture of restricted shares, shares		(82)	(59)	(40)	(24)	(121)					(152)	(186)	(89)
Vesting of restricted stock units
Vesting of restricted stock units, shares						30						36	39
Shares withheld pursuant to vesting of restricted stock
Stock based compensation
Shares withheld pursuant to vesting of restricted stock
Warrant issuance in connection with acquisition
Exercise of stock options													$ 2
Shares issued pursuant to exercise of stock options, shares		16											156
Exercise of stock options
Additional Paid-in Capital [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Balance	214,587	$ 216,458	218,473	220,558	222,078	223,245	$ 216,458	$ 222,078	$ 214,587	$ 220,558	212,703	219,055	$ 224,852
Balance	216,458	218,473	219,055	222,078	223,245	224,852	219,055	224,852	219,055	224,852	219,055	224,852	201,786
Net loss attributable to common stockholders (As restated)	(2,962)	(2,902)	(2,761)	(2,589)	(2,480)	(2,379)
Net loss attributable to non-controlling interest
Foreign currency translation adjustment
Issuance of restricted shares	(10)	(1)		(1)		(4)					(13)	(5)	(4)
Forfeiture of restricted shares					1	1					2	2
Vesting of restricted stock units
Shares withheld pursuant to vesting of restricted stock
Stock based compensation	1,101	852	832	1,070	1,312	775					3,908	4,343	4,676
Shares withheld pursuant to vesting of restricted stock
Warrant issuance in connection with acquisition			1,347
Exercise of stock options		36											875
Exercise of stock options											36
Retained Earnings [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Balance	(142,778)	(139,230)	(135,961)	(139,534)	(137,932)	(137,525)	(139,230)	(137,932)	(142,778)	(139,534)	(146,281)	(140,806)	(134,052)
Balance	(139,230)	(135,961)	(140,806)	(137,932)	(137,525)	(134,052)	(140,806)	(134,052)	(140,806)	(134,052)	(140,806)	(134,052)	(121,287)
Net loss attributable to common stockholders (As restated)	(3,548)	(3,269)	4,645	(1,602)	(407)	(3,473)
Net loss attributable to non-controlling interest
Foreign currency translation adjustment
Issuance of restricted shares
Forfeiture of restricted shares
Vesting of restricted stock units
Shares withheld pursuant to vesting of restricted stock
Stock based compensation
Shares withheld pursuant to vesting of restricted stock
Warrant issuance in connection with acquisition
Exercise of stock options
Exercise of stock options
AOCI Attributable to Parent [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Balance	(1,904)	(998)	(1,098)	(1,158)	(1,174)	549	(998)	(1,174)	(1,904)	(1,158)	(616)	(1,210)	391
Balance	(998)	(1,098)	(1,210)	(1,174)	549	391	(1,210)	391	(1,210)	391	(1,210)	391	399
Net loss attributable to common stockholders (As restated)
Net loss attributable to non-controlling interest
Foreign currency translation adjustment	(906)	100	112	16	(1,723)	158					594	(1,601)	(8)
Issuance of restricted shares
Forfeiture of restricted shares
Vesting of restricted stock units
Shares withheld pursuant to vesting of restricted stock
Stock based compensation
Shares withheld pursuant to vesting of restricted stock
Warrant issuance in connection with acquisition
Exercise of stock options
Exercise of stock options
Treasury Stock, Common [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Balance	(8,648)	(8,558)	(8,554)	(8,492)	(8,485)	(8,480)	(8,558)	(8,485)	(8,648)	(8,492)	(8,651)	(8,510)	(8,299)
Balance	(8,558)	(8,554)	(8,510)	(8,485)	(8,480)	(8,299)	(8,510)	(8,299)	(8,510)	(8,299)	(8,510)	(8,299)	(6,858)
Net loss attributable to common stockholders (As restated)
Net loss attributable to non-controlling interest
Foreign currency translation adjustment
Issuance of restricted shares
Forfeiture of restricted shares
Vesting of restricted stock units
Shares withheld pursuant to vesting of restricted stock						(181)							(647)
Stock based compensation
Shares withheld pursuant to vesting of restricted stock	(90)	(4)	(44)	(7)	(5)						(141)	(211)	(794)
Warrant issuance in connection with acquisition
Exercise of stock options
Exercise of stock options
Noncontrolling Interest [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Balance	63	63	66	68	85	102	63	85	63	68	102	78	86
Balance	63	66	78	85	102	86	78	86	78	86	78	86	75
Net loss attributable to common stockholders (As restated)
Net loss attributable to non-controlling interest		6	(3)	1	1	1					35	2	(5)
Foreign currency translation adjustment		(9)	(9)	(18)	(18)	15					(11)	(10)	16
Issuance of restricted shares
Forfeiture of restricted shares
Vesting of restricted stock units
Shares withheld pursuant to vesting of restricted stock
Stock based compensation
Shares withheld pursuant to vesting of restricted stock
Warrant issuance in connection with acquisition
Exercise of stock options
Exercise of stock options
Previously Reported [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Balance	80,387	85,251	88,544	84,708	87,185	88,618	85,251	87,185	80,387	84,708		82,815	92,197
Balance	85,251	88,544	82,815	87,185	88,618	92,197	82,815	92,197	82,815	92,197	82,815	92,197	79,288
Net loss attributable to non-controlling interest		$ 6	(3)	$ 1	$ 1	1	3	2	3	3		2	(5)
Previously Reported [Member] | Common Stock [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Balance													$ 373
Balance, shares													37,263
Balance						$ 373		$ 373		$ 373		$ 373	$ 323
Balance, shares						37,263		37,263		37,263		37,263	32,280
Previously Reported [Member] | Additional Paid-in Capital [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Balance												$ 233,521	$ 234,083
Balance			233,521			$ 234,083	233,521	$ 234,083	233,521	$ 234,083	233,521	234,083	206,499
Issuance of restricted shares												(5)	(4)
Forfeiture of restricted shares												2
Stock based compensation												4,343	4,676
Exercise of stock options													875
Previously Reported [Member] | Retained Earnings [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Balance												(141,440)	(134,437)
Balance			$ (141,440)			(134,437)	$ (141,440)	(134,437)	$ (141,440)	(134,437)	$ (141,440)	(134,437)	(121,150)
Issuance of restricted shares
Forfeiture of restricted shares
Stock based compensation
Exercise of stock options
Previously Reported [Member] | AOCI Attributable to Parent [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Balance													391
Balance						391		391		391		391	399
Previously Reported [Member] | Treasury Stock, Common [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Balance													(8,299)
Balance						(8,299)		(8,299)		(8,299)		(8,299)	(6,858)
Previously Reported [Member] | Noncontrolling Interest [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Balance													86
Balance						86		86		86		86	75
Effect of Restatement [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Balance													(8,846)
Balance						(8,846)		(8,846)		(8,846)		(8,846)
Effect of Restatement [Member] | Common Stock [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Balance
Balance
Effect of Restatement [Member] | Additional Paid-in Capital [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Balance													(9,231)
Balance						(9,231)		(9,231)		(9,231)		(9,231)
Effect of Restatement [Member] | Retained Earnings [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Balance													385
Balance						385		385		385		385
Effect of Restatement [Member] | AOCI Attributable to Parent [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Balance
Balance
Effect of Restatement [Member] | Treasury Stock, Common [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Balance
Balance
Effect of Restatement [Member] | Noncontrolling Interest [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Balance
Balance

SCHEDULE OF ALLOWANCE FOR CREDI

SCHEDULE OF ALLOWANCE FOR CREDIT LOSSES (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)
Accounting Policies [Abstract]
Allowance for credit losses, beginning balance	$ 2,567
Adjustment for adoption of ASU 2016-13	(200)
Current period provision for expected credit losses	1,767
Write-offs charged against the allowance	(1,473)
Foreign currency translation	136
Allowance for credit losses, ending balance	$ 2,797

SCHEDULE OF ESTIMATED USEFUL LI

SCHEDULE OF ESTIMATED USEFUL LIVES OF ASSET (Details)	Dec. 31, 2023
Computer Software, Intangible Asset [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	3 years
Computer Software, Intangible Asset [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	5 years
Installed Products [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	3 years
Installed Products [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	5 years
Computers And Electronic Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	3 years
Computers And Electronic Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	10 years
Furniture and Fixtures [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	5 years
Furniture and Fixtures [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	7 years
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant, and Equipment, Useful Life, Term, Description [Extensible Enumeration]	Property, plant and equipment, useful life

SCHEDULE OF FAIR VALUE OF FINAN

SCHEDULE OF FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) - Fair Value, Inputs, Level 2 [Member] $ in Thousands	Dec. 31, 2023 USD ($)
Platform Operator, Crypto-Asset [Line Items]
Debt, carrying amount	$ 21,091
Debt, fair value	$ 20,919

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Oct. 01, 2023
Product Information [Line Items]
Accounts receivable	$ 2,797	$ 2,567
Percentage of fair value in excess of carrying amount				6%
Products warranty description	The Company typically provides a 1 – 5-year warranty on its products.
Research and development expenses	$ 8,380	8,472	$ 11,429
Benefit plan	379	285
Stock-based compensation expense	3,908	4,343	4,416
Advertising and marketing expense	2,300	1,130	1,185
Selling, General and Administrative Expenses [Member]
Product Information [Line Items]
Foreign currency transaction gain loss realized	277	(847)	(128)
Interest Expense [Member]
Product Information [Line Items]
Foreign currency transaction gain loss realized	591	2,689	810
Comprehensive Loss [Member]
Product Information [Line Items]
Foreign currency transaction gain loss realized	$ 594	$ (1,601)	$ (8)
Customer Concentration Risk [Member] | Revenue from Contract with Customer Benchmark [Member] | No Customer [Member]
Product Information [Line Items]
Concentration risk, percentage	10%	10%	10%
Customer Concentration Risk [Member] | Accounts Receivable [Member] | No Customer [Member]
Product Information [Line Items]
Concentration risk, percentage	10%	10%	10%

SCHEDULE OF WARRANTS VALUATION

SCHEDULE OF WARRANTS VALUATION ASSUMPTIONS (Details)	Dec. 31, 2023 $ / shares
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Expected term (in years)	10 years
Measurement Input Expected Volatility [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants measurement input	50
Measurement Input, Risk Free Interest Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants measurement input	3.50
Measurement Input Dividend Yield [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants measurement input	0
Measurement Input Fair Value Per Share [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants measurement input	1.68

SCHEDULE OF PURCHASE PRICE ALLO

SCHEDULE OF PURCHASE PRICE ALLOCATION IN ASSETS ACQUIRED AND LIABILITIES (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		9 Months Ended		12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Liabilities assumed:
Gain on bargain purchase	$ 7,234		$ 7,517		$ 7,517		$ 9,034
Movingdots GmbH [Member]
Business Acquisition [Line Items]
Cash
Fair value of Powerfleet warrants on March 31, 2023							1,347
Purchase price consideration							1,347
Assets acquired:
Cash							8,722
Accounts receivable							247
Prepaid expenses							103
Other assets							270
Inventory							96
Fixed assets							1,889
Total assets acquired							11,327
Liabilities assumed:
Accounts payable and accrued expenses							946
Total liabilities assumed							946
Total identifiable net assets acquired							10,381
Gain on bargain purchase							$ (9,034)

SCHEDULE OF PRO FORMA REVENUE A

SCHEDULE OF PRO FORMA REVENUE AND EARNINGS (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Historical [Member]
Revenues	$ 133,736	$ 135,912
Operating loss	$ (12,557)	$ (6,971)
Net loss per share - basic	$ (0.49)	$ (0.48)
Net loss per share - diluted	$ (0.49)	$ (0.48)
Pro Forma [Member]
Revenues	$ 136,258	$ 143,522
Operating loss	$ (12,547)	$ (7,465)
Net loss per share - basic	$ (0.48)	$ (0.49)
Net loss per share - diluted	$ (0.48)	$ (0.49)

ACQUISITION (Details Narrative)

ACQUISITION (Details Narrative) $ / shares in Units, $ in Thousands				1 Months Ended	3 Months Ended		6 Months Ended		9 Months Ended		12 Months Ended
	Mar. 06, 2023 USD ($) $ / shares	Mar. 06, 2023 EUR (€)	Mar. 06, 2023 $ / shares	Mar. 31, 2023 USD ($)	Mar. 31, 2023 USD ($)	Mar. 31, 2022 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Mar. 06, 2023 EUR (€) shares	Dec. 31, 2020 USD ($)
Business Acquisition [Line Items]
Property, Plant and Equipment, Gross, Period Increase (Decrease)											$ 1,500
Increase in net assets acquired											300,000
Gain on bargain purchase					$ (7,234)		$ (7,517)		$ (7,517)		(9,034)
Cash and cash equivalents				$ 24,780	$ 24,780	$ 20,559	$ 21,729	$ 17,703	$ 19,297	$ 16,703	19,022	$ 17,680	$ 26,452		$ 18,127
Movingdots GmbH [Member]
Business Acquisition [Line Items]
Fair value											1,347
Acquisition related costs											500
Gain on bargain purchase											$ 9,034
Cash and cash equivalents | €														€ 8,000,000
Business acquisition, description			(i) €8,000, plus (ii) the difference between such on-sale transfer price less the purchase price net of the net present value of the Swiss Re Warrants. The Company does not currently intend to enter into an on-sale transfer.
Share Purchase and Transfer Agreement [Member] | Movingdots GmbH [Member]
Business Acquisition [Line Items]
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable | €		€ 1
Class of Warrant or Right, Number of Securities Called by Each Warrant or Right | shares														800,000
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ / shares	$ 7		$ 7
Fair value				$ 1,347
Business acquisitions revenue	$ 523
Business acquisitions net loss	$ 3,808

SCHEDULE OF REVENUE DISAGGREGAT

SCHEDULE OF REVENUE DISAGGREGATED BY REVENUE SOURCE (Details) - USD ($) $ in Thousands	3 Months Ended						6 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disaggregation of Revenue [Line Items]
Total revenue	$ 34,242	$ 32,092	$ 32,852	$ 34,555	$ 34,520	$ 33,288	$ 64,945	$ 67,808	$ 99,187	$ 102,364	$ 133,736	$ 135,912	$ 125,960
Product [Member]
Disaggregation of Revenue [Line Items]
Total revenue	13,232	11,084	12,508	14,440	14,589	14,519	23,593	29,108	36,825	43,549	49,741	56,945	52,902
Service [Member]
Disaggregation of Revenue [Line Items]
Total revenue	$ 21,010	$ 21,008	$ 20,344	$ 20,115	$ 19,931	$ 18,769	$ 41,352	$ 38,700	$ 62,362	$ 58,815	$ 83,995	$ 78,967	$ 73,058

SCHEDULE OF CONTRACT ASSETS AND

SCHEDULE OF CONTRACT ASSETS AND CONTRACT LIABILITIES FROM CONTRACTS WITH CUSTOMERS (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022
Assets:
Deferred cost		$ 83	$ 762
Liabilities:
Deferred revenue		10,622	10,807
Less: Deferred revenue – current portion		(5,666)	(6,376)
Deferred revenue – long term		4,956	4,431	$ 4,927	$ 4,708	$ 4,487	$ 4,208	$ 4,139	$ 4,466
Revenue recognized		6,046	5,929
Service [Member]
Liabilities:
Deferred revenue	[1]	10,511	9,869
Product [Member]
Liabilities:
Deferred revenue	[1]	111	938
Deferred Contract Costs [Member]
Assets:
Deferred cost		$ 2,581	$ 2,740
[1]The Company records deferred revenues when cash payments are received or due in advance of the Company’s performance. For the years ended December 31, 2022 and 2023, the Company recognized revenue of

SCHEDULE OF PREPAID EXPENSES AN

SCHEDULE OF PREPAID EXPENSES AND OTHER CURRENT ASSETS (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Sales-type lease receivables, current	$ 1,104				$ 1,083
Prepaid expenses	3,900				3,952
Contract assets	1,164				1,131
Other current assets	1,400				1,370
Prepaid expenses and other current assets	$ 7,568	$ 8,721	$ 7,298	$ 7,959	$ 7,536	$ 8,790	$ 8,942	$ 10,716

SCHEDULE OF INVENTORIES (Detail

SCHEDULE OF INVENTORIES (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022
Inventory Disclosure [Abstract]
Components	$ 10,272				$ 12,443
Work in process	31				462
Finished goods, net	12,299				9,367
Inventory, Net	$ 22,602	$ 21,055	$ 22,125	$ 22,649	$ 22,272	$ 23,572	$ 23,540	$ 20,313

INVENTORY (Details Narrative)

INVENTORY (Details Narrative) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Inventory Disclosure [Abstract]
Inventory valuation reserve	$ 524	$ 453

SCHEDULE OF FIXED ASSETS (Detai

SCHEDULE OF FIXED ASSETS (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022
Property, Plant and Equipment [Line Items]
Fixed assets, gross	$ 31,529				$ 24,895
Accumulated depreciation and amortization	(19,146)				(15,646)
Fixed assets, net	12,383	$ 10,103	$ 10,161	$ 9,941	9,249	$ 8,994	$ 8,333	$ 8,532
Installed Products [Member]
Property, Plant and Equipment [Line Items]
Fixed assets, gross	10,765				8,586
Computer Software [Member]
Property, Plant and Equipment [Line Items]
Fixed assets, gross	10,650				7,195
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Fixed assets, gross	6,275				5,658
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Fixed assets, gross	2,422				2,041
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Fixed assets, gross	$ 1,417				$ 1,415

FIXED ASSETS (Details Narrative

FIXED ASSETS (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Depreciation and amortization expense	$ 3,876	$ 3,183	$ 3,399
Computer Software [Member]
Property, Plant and Equipment [Line Items]
Amortization of costs	$ 605	$ 179	$ 426

SCHEDULE OF INTANGIBLE ASSETS (

SCHEDULE OF INTANGIBLE ASSETS (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, gross	$ 42,958				$ 40,780
Finite-lived intangible asset, accumulated amortization	(23,048)				(18,037)
Finite-lived intangible asset, net	19,910				22,743
Finite-lived intangible asset (excluding goodwill), gross	165				165
Finite-lived intangible asset (excluding goodwill), net	165				165
Finite-lived intangible asset, gross	43,123				40,945
Finite-lived intangible asset, accumulated amortization	(23,048)				(18,037)
Finite-lived intangible asset, net	20,075	$ 21,021	$ 21,780	$ 22,283	22,908	$ 23,312	$ 24,022	$ 24,848
Trademarks and Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, gross	7,553				7,589
Finite-lived intangible asset, accumulated amortization	(3,682)				(2,990)
Finite-lived intangible asset, net	3,871				4,599
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				$ 20,031
Finite-lived intangible asset, accumulated amortization	(7,606)				(6,830)
Finite-lived intangible asset, net	$ 11,658				$ 13,201
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	(441)				(351)
Finite-lived intangible asset, net	$ 187				$ 277
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				$ 10,667
Finite-lived intangible asset, accumulated amortization	(10,784)				(7,866)
Finite-lived intangible asset, net	127				2,801
Software [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, gross	4,602				1,865
Finite-lived intangible asset, accumulated amortization	(535)
Finite-lived intangible asset, net	$ 4,067				$ 1,865
Software [Member] | Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	3 years				3 years
Software [Member] | Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	6 years				6 years

SCHEDULE OF FINITE-LIVED INTANG

SCHEDULE OF FINITE-LIVED INTANGIBLE ASSETS AMORTIZATION EXPENSE (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
2024	$ 4,156
2025	4,029
2026	3,412
2027	2,232
2028	2,023
Thereafter	4,058
Finite-Lived intangible assets	$ 19,910	$ 22,743

INTANGIBLE ASSETS AND GOODWIL_2

INTANGIBLE ASSETS AND GOODWILL (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Weighted-average amortization period	8 years 7 months 6 days
Amortization expense	$ 5,569	$ 5,079	$ 5,154
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted-average amortization period	11 years 10 months 24 days
Trademarks and Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted-average amortization period	9 years 7 months 6 days
Patents [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted-average amortization period	7 years
Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted-average amortization period	4 years 3 months 18 days
Software [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted-average amortization period	3 years

SCHEDULE OF STOCK OPTIONS ACTIV

SCHEDULE OF STOCK OPTIONS ACTIVITY (Details) - $ / shares shares in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Options, Granted	5,960	1,335
Stock Options Including Market Based Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Options, Outstanding at beginning of year		5,065
Weighted-average Exercise Price, Outstanding at beginning of year		$ 14.14
Options, Granted		865	5,065
Weighted-average Exercise Price, Granted		$ 3.09	$ 14.14
Options, Exercised
Weighted-average Exercise Price, Exercised
Options, Forfeited or expired		(485)
Weighted-average Exercise Price, Forfeited or expired		$ 2.87
Options, Outstanding at end of year		5,445	5,065
Weighted-average Exercise Price, Outstanding at end of year		$ 13.39	$ 14.14
Options, Exercisable at end of year
Weighted-average Exercise Price, Exercisable at end of year
Stock Options Excluding Market Based Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Options, Outstanding at beginning of year	3,470	2,727	3,470	3,624
Weighted-average Exercise Price, Outstanding at beginning of year	$ 5.91	$ 5.29	$ 5.91	$ 5.85
Options, Granted		470	895	120
Weighted-average Exercise Price, Granted		$ 3.09	$ 4.08	$ 7.77
Options, Exercised		(16)		(156)
Weighted-average Exercise Price, Exercised		$ 2.33		$ 5.60
Options, Forfeited or expired		(989)	(1,638)	(118)
Weighted-average Exercise Price, Forfeited or expired		$ 5.40	$ 5.95	$ 6.34
Options, Outstanding at end of year		2,192	2,727	3,470
Weighted-average Exercise Price, Outstanding at end of year		$ 4.79	$ 5.29	$ 5.91
Options, Exercisable at end of year		1,189	1,247	1,546
Weighted-average Exercise Price, Exercisable at end of year		$ 5.54	$ 5.79	$ 5.67

SUMMARY OF STOCK OPTION INFORMA

SUMMARY OF STOCK OPTION INFORMATION BY EXERCISE PRICE RANGE (Details) - $ / shares shares in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Options outstanding, weighted - average remaining contractual life in years	6 years 11 months 1 day
Stock Options Including Market Based Stock [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number of options outstanding	5,445	5,065
Options outstanding, weighted - average remaining contractual life in years	8 years 2 months 19 days
Options outstanding, weighted - average exercise price	$ 13.38
Number of options exercisable
Options exercisable, weighted - average exercise price
Stock Options Excluding Market Based Stock [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number of options outstanding	2,192	2,727	3,470	3,624
Options outstanding, weighted - average remaining contractual life in years	6 years 11 months 4 days
Options outstanding, weighted - average exercise price	$ 4.79
Number of options exercisable	1,189	1,247	1,546
Options exercisable, weighted - average exercise price	$ 5.54	$ 5.79	$ 5.67
Exercise Price Range One [Member] | Stock Options Including Market Based Stock [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise price, lower limit	2.98
Exercise price, upper limit	$ 7.48
Number of options outstanding	1,320
Options outstanding, weighted - average remaining contractual life in years	8 years 10 months 13 days
Options outstanding, weighted - average exercise price	$ 3.18
Number of options exercisable
Options exercisable, weighted - average exercise price
Exercise Price Range One [Member] | Stock Options Excluding Market Based Stock [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise price, lower limit	2.98
Exercise price, upper limit	$ 4.23
Number of options outstanding	696
Options outstanding, weighted - average remaining contractual life in years	8 years 9 months 25 days
Options outstanding, weighted - average exercise price	$ 3.18
Number of options exercisable	104
Options exercisable, weighted - average exercise price	$ 3.26
Exercise Price RangeTwo [Member] | Stock Options Including Market Based Stock [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise price, lower limit	7.49
Exercise price, upper limit	$ 11.98
Number of options outstanding	875
Options outstanding, weighted - average remaining contractual life in years	8 years 3 days
Options outstanding, weighted - average exercise price	$ 10.50
Number of options exercisable
Options exercisable, weighted - average exercise price
Exercise Price RangeTwo [Member] | Stock Options Excluding Market Based Stock [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise price, lower limit	4.24
Exercise price, upper limit	$ 5.48
Number of options outstanding	568
Options outstanding, weighted - average remaining contractual life in years	7 years 6 months 18 days
Options outstanding, weighted - average exercise price	$ 4.83
Number of options exercisable	188
Options exercisable, weighted - average exercise price	$ 4.87
Exercise Price Range Three [Member] | Stock Options Including Market Based Stock [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise price, lower limit	11.99
Exercise price, upper limit	$ 16.48
Number of options outstanding	1,250
Options outstanding, weighted - average remaining contractual life in years	8 years 3 days
Options outstanding, weighted - average exercise price	$ 14
Number of options exercisable
Options exercisable, weighted - average exercise price
Exercise Price Range Three [Member] | Stock Options Excluding Market Based Stock [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise price, lower limit	5.49
Exercise price, upper limit	$ 6.73
Number of options outstanding	895
Options outstanding, weighted - average remaining contractual life in years	5 years 29 days
Options outstanding, weighted - average exercise price	$ 5.90
Number of options exercisable	880
Options exercisable, weighted - average exercise price	$ 5.90
Exercise Price Range Four [Member] | Stock Options Including Market Based Stock [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise price, lower limit	16.49
Exercise price, upper limit	$ 21
Number of options outstanding	2,000
Options outstanding, weighted - average remaining contractual life in years	8 years 3 days
Options outstanding, weighted - average exercise price	$ 21
Number of options exercisable
Options exercisable, weighted - average exercise price
Exercise Price Range Four [Member] | Stock Options Excluding Market Based Stock [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise price, lower limit	6.74
Exercise price, upper limit	$ 7.96
Number of options outstanding	33
Options outstanding, weighted - average remaining contractual life in years	6 years 6 months 29 days
Options outstanding, weighted - average exercise price	$ 7.80
Number of options exercisable	17
Options exercisable, weighted - average exercise price	$ 7.80

SCHEDULE OF OPTIONS OUTSTANDING

SCHEDULE OF OPTIONS OUTSTANDING AND EXERCISABLE (Details)	12 Months Ended
	Dec. 31, 2023 USD ($)
Share-Based Payment Arrangement [Abstract]
Aggregate Intrinsic Value, Options outstanding
Weighted-Average Remaining Contractual Life in Years, Options outstanding	6 years 11 months 1 day
Aggregate Intrinsic Value, Options exercisable
Weighted-Average Remaining Contractual Life in Years, Options exercisable	5 years 7 months 6 days

SCHEDULE OF FAIR VALUE STOCK OP

SCHEDULE OF FAIR VALUE STOCK OPTION ASSUMPTIONS (Details) - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share-Based Payment Arrangement [Abstract]
Expected volatility	55.60%	49.40%	50.20%
Expected life of options (years)	6 years 1 month 6 days	6 years 6 months	6 years 6 months
Risk free interest rate	3.87%	1.73%	0.69%
Dividend yield	0%	0%	0%
Weighted average fair value of options granted during the period	$ 1.66	$ 2.04	$ 3.81

SCHEDULE OF NON-VESTED RESTRICT

SCHEDULE OF NON-VESTED RESTRICTED STOCK ACTIVITY (Details) - $ / shares shares in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Restricted Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of Restricted Stock Units beginning	706	629	806
Weighted- Average Grant Date Fair Value beginning	$ 4.75	$ 7.06	$ 5.54
Number of Non-vested Shares, Granted	1,247	492	450
Weighted- Average Grant Date Fair Value, Granted	$ 2.41	$ 3.72	$ 7.63
Number of Non-vested Shares, Vested	(297)	(229)	(537)
Weighted- Average Grant Date Fair Value, Vested	$ 4.24	$ 6.99	$ 5.35
Number of Non-vested Shares, Forfeited or expired	(152)	(186)	(90)
Weighted- Average Grant Date Fair Value, Forfeited or expired	$ 5.32	$ 7.08	$ 6.51
Number of Restricted Stock Units ending	1,504	706	629
Weighted- Average Grant Date Fair Value ending	$ 2.86	$ 4.75	$ 7.06
Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of Restricted Stock Units beginning		36	75
Weighted- Average Grant Date Fair Value beginning		$ 5.60	$ 5.60
Number of Non-vested Shares, Vested		(36)	(35)
Weighted- Average Grant Date Fair Value, Vested		$ 5.60	$ 5.60
Number of Non-vested Shares, Forfeited or expired			(4)
Weighted- Average Grant Date Fair Value, Forfeited or expired			$ 5.60
Number of Restricted Stock Units ending			36
Weighted- Average Grant Date Fair Value ending			$ 5.60

STOCK-BASED COMPENSATION (Detai

STOCK-BASED COMPENSATION (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended	12 Months Ended
	Jun. 30, 2018	Mar. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Options available for granted		5,960,000	1,335,000
Number of shares options vested		895,000	470,000
Shares granted			865,000
Risk free interest rate			3.87%	1.73%	0.69%
Expected volatility			55.60%	49.40%	50.20%
Expected life (Years)			6 years 1 month 6 days	6 years 6 months	6 years 6 months
Stock based compensation expense			$ 3,908	$ 4,343	$ 4,416
2018 Incentive Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares granted		5,065,000
Weighted average granted fair value option			$ 12
Share-Based Payment Arrangement, Option [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock based compensation expense			$ 2,712	2,943	1,684
Fair value of options vested			931	869	1,201
Intrinsic value of options, exercises			9	0	483
Unrecognized compensation costs			$ 1,342
Weighted average period for recognition			2 years 4 months 28 days
Share-Based Payment Arrangement, Option [Member] | Common Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Risk free interest rate		1.70%	3.70%
Expected volatility		51.70%	50%
Expected life (Years)		10 years	5 years 1 month 6 days
Weighted average granted fair value option		$ 1.60	$ 1.56
Restricted Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares granted			1,247,000
Stock based compensation expense			$ 1,196	1,347	2,529
Unrecognized compensation costs			$ 3,349
Weighted average period for recognition			3 years 10 days
Restricted Stock [Member] | Chief Executive Officer [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Options available for granted			900
Restricted Stock [Member] | Director [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Options available for granted			82
Employee Stock Option [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Unrecognized compensation costs			$ 4,655
Weighted average period for recognition			3 years 1 month 17 days
Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock based compensation expense			$ 0	$ 53	$ 203
Unrecognized compensation costs			$ 0
Minimum [Member] | 2018 Incentive Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Options exercise price		2.85
Weighted average granted fair value option		10.50
Maximum [Member] | 2018 Incentive Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Options exercise price		21
Weighted average granted fair value option		$ 21
2018 Incentive Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of shares authorized	7,500,000
Number shares available for issuance			2,158,000
Option vested exercised description	The 2018 Plan is administered by the Compensation Committee of the Company’s Board of Directors, which has the authority to determine, among other things, the term during which an option may be exercised (not more than 10 years), the exercise price of an option and the vesting provisions
2018 Incentive Plan [Member] | Minimum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Option vested term	4 years
2018 Incentive Plan [Member] | Maximum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Option vested term	5 years

SCHEDULE OF NET LOSS PER SHARE

SCHEDULE OF NET LOSS PER SHARE BASIC AND DILUTED (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended						6 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Earnings Per Share [Abstract]
Net loss attributable to common stockholders	$ (6,510)	$ (6,170)	$ 1,883	$ (4,189)	$ (2,887)	$ (5,852)	$ (4,286)	$ (8,739)	$ (10,796)	$ (12,930)	$ (17,307)	$ (16,891)	$ (22,068)
Weighted-average common share outstanding - basic	35,653	35,605	35,548	35,406	35,386	35,332	35,577	35,359	35,602	35,375	35,628	35,393	34,571
Weighted-average common share outstanding - diluted	35,653	35,605	35,628	35,406	35,386	35,332	35,577	35,359	35,602	35,375	35,628	35,393	34,571
Net income (loss) attributable to common stockholders - basic	$ (0.18)	$ (0.17)	$ 0.04	$ (0.12)	$ (0.08)	$ (0.17)	$ (0.12)	$ (0.25)	$ (0.30)	$ (0.37)	$ (0.49)	$ (0.48)	$ (0.64)
Net income (loss) attributable to common stockholders - diluted	$ (0.18)	$ (0.17)	$ 0.04	$ (0.12)	$ (0.08)	$ (0.17)	$ (0.12)	$ (0.25)	$ (0.30)	$ (0.37)	$ (0.49)	$ (0.48)	$ (0.64)

NET LOSS PER SHARE (Details Nar

NET LOSS PER SHARE (Details Narrative) - shares shares in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Earnings Per Share [Abstract]
Antidilutive securities excluded from computation of earnings per share, amount	18,164	16,571	11,628

SCHEDULE OF LONG-TERM DEBT (Det

SCHEDULE OF LONG-TERM DEBT (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022
Debt Disclosure [Abstract]
Short-term bank debt	$ 10,030				$ 5,709
Current maturities of long-term debt	11,061				4,603
Long-term debt - less current maturities		$ 9,617	$ 9,940	$ 10,638	$ 11,403	$ 11,914	$ 13,408	$ 16,258

SHORT-TERM BANK DEBT AND LONG_3

SHORT-TERM BANK DEBT AND LONG-TERM DEBT (Details Narrative) ₪ in Thousands			12 Months Ended
	Nov. 12, 2020 USD ($)	Nov. 11, 2020	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2023 ILS (₪)	Oct. 31, 2022 USD ($)
Short-Term Debt [Line Items]
Proceeds from lines of credit			$ 1,325,000
Debt Instrument, Interest Rate, Effective Percentage			7.97%			7.97%
New Revolver [Member]
Short-Term Debt [Line Items]
Proceeds from lines of credit			$ 8,675,000			₪ 31,464
Two Senior Secured Term Loan [Member]
Short-Term Debt [Line Items]
Aggregate principal amount			$ 30,000,000
Credit Agreement [Member]
Short-Term Debt [Line Items]
Line of Credit Facility, Expiration Date			Oct. 03, 2024
Interest rate			7.53%			7.53%
Debt issuance costs			$ 742,000
Amortization of debt issuance costs			133,000	$ 215,000	$ 290,000
Interest expense			572,000	$ 824,000	$ 1,078,000
Credit Agreement [Member] | Revolving Credit Facility [Member]
Short-Term Debt [Line Items]
Aggregate principal amount			4,800,000
Proceeds from lines of credit			1,355,000			₪ 4,915
Credit Agreement [Member] | Pointer Telocation Ltd [Member] | Revolving Credit Facility [Member]
Short-Term Debt [Line Items]
Aggregate principal amount			10,000,000
Credit Agreement [Member] | Two Senior Secured Term Loan [Member] | Power Fleet Israel Ltd [Member]
Short-Term Debt [Line Items]
Aggregate principal amount			$ 30,000,000
Credit Agreement [Member] | Term A Facility [Member]
Short-Term Debt [Line Items]
Interest rate			4.73%			4.73%
Credit Agreement [Member] | Term A Facility [Member] | Power Fleet Israel Ltd [Member]
Short-Term Debt [Line Items]
Aggregate principal amount			$ 20,000,000
Credit Agreement [Member] | Term B Facility [Member]
Short-Term Debt [Line Items]
Interest rate			5.89%			5.89%
Credit Agreement [Member] | Term B Facility [Member] | Power Fleet Israel Ltd [Member]
Short-Term Debt [Line Items]
Aggregate principal amount			$ 10,000,000
Credit Agreement [Member] | Revolving Credit Facility [Member]
Short-Term Debt [Line Items]
Debt Instrument, Interest Rate Terms			The interest rate for the Prior Revolving Facility was, with respect to NIS-denominated loans, Hapoalim’s prime rate + 2.5%, and with respect to US dollar-denominated loans, LIBOR + 4.6% (amended to SOFR + 2.15%). The interest rate at December 31, 2023 was
Amended Credit Agreement [Member]
Short-Term Debt [Line Items]
Interest rate	0.50%	1%
Deposits	$ 3,000
Amended Credit Agreement [Member] | Term A Facility [Member]
Short-Term Debt [Line Items]
Interest rate	3.65%
Amended Credit Agreement [Member] | Term B Facility [Member]
Short-Term Debt [Line Items]
Interest rate	4.50%
Prior Credit Agreement [Member] | Second Revolver [Member]
Short-Term Debt [Line Items]
Aggregate principal amount							$ 10,000

SCHEDULE OF ACCOUNTS PAYABLE AN

SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED LIABILITIES (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022
Payables and Accruals [Abstract]
Accounts payable	$ 19,235				$ 14,702
Accrued warranty	965				745
Accrued compensation	6,721				7,153
Government authorities	2,796				1,992
Other current liabilities	579				805
Accounts payable and accrued expenses	$ 30,296	$ 26,453	$ 23,389	$ 26,236	$ 25,397	$ 27,704	$ 28,236	$ 27,963

SCHEDULE OF PRODUCT WARRANTY LI

SCHEDULE OF PRODUCT WARRANTY LIABILITY (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2023		Dec. 31, 2022
Payables and Accruals [Abstract]
Accrued warranty reserve, beginning of year		$ 2,054	[1]	$ 1,333
Accrual for product warranties issued		1,238		1,103
Product replacements and other warranty expenditures		(503)		(481)
Expiration of warranties		(136)		99
Accrued warranty reserve, end of period	[1]	$ 2,653		$ 2,054
[1]Includes accrued warranty included in other long-term liabilities at December 31, 2022 and 2023 of $ 1,309 1,688

SCHEDULE OF PRODUCT WARRANTY _2

SCHEDULE OF PRODUCT WARRANTY LIABILITY (Details) (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2023		Dec. 31, 2022		Dec. 31, 2021
Accrued warranty	$ 2,653	[1]	$ 2,054	[1]	$ 1,333
Other Noncurrent Liabilities [Member]
Accrued warranty	$ 1,688		$ 1,309
[1]Includes accrued warranty included in other long-term liabilities at December 31, 2022 and 2023 of $ 1,309 1,688

ACCOUNTS PAYABLE AND ACCRUED _3

ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Details Narrative)	12 Months Ended
	Dec. 31, 2023
Payables and Accruals [Abstract]
Warranty term description	The Company’s products are warranted against defects in materials and workmanship for a period of 1-8 years from the date of acceptance of the product by the customer
Extended warranty coverage description	The customers may purchase an extended warranty providing coverage up to a maximum of 60 months

SCHEDULE OF COMPONENTS OF LEASE

SCHEDULE OF COMPONENTS OF LEASE EXPENSE (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Leases
Short term lease cost	$ 453	$ 443

SCHEDULE OF CASH FLOW INFORMATI

SCHEDULE OF CASH FLOW INFORMATION AND NON CASH ACTIVITY OF OPERATING LEASES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Leases
Right-of-use assets obtained in exchange for lease obligations	$ 1,198	$ 1,450

SCHEDULE OF WEIGHTED AVERAGE RE

SCHEDULE OF WEIGHTED AVERAGE REMAINING LEASE TERM AND DISCOUNT RATE (Details)	Dec. 31, 2023
Leases
Weighted-average remaining lease term (in years)	2 years 8 months 23 days
Weighted-average discount rate	5.86%

SCHEDULED MATURITIES OF OPERATI

SCHEDULED MATURITIES OF OPERATING LEASE LIABILITIES (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Leases
2024	$ 2,463
2025	2,170
2026	1,012
2027	377
2028	316
Thereafter	654
Total lease payments	6,992
Less: Imputed interest	(581)
Present value of lease liabilities	$ 6,411

LEASES (Details Narrative)

LEASES (Details Narrative)	12 Months Ended
	Dec. 31, 2023
Option to extend lease term	options to extend the lease term for up to five years
Minimum [Member]
Lease remaining term	1 year
Maximum [Member]
Lease remaining term	10 years

SCHEDULE OF PREFERRED CONVERTIB

SCHEDULE OF PREFERRED CONVERTIBLE REDEEMABLE PREFERRED STOCK (Details) - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Equity [Abstract]
Balance, shares	59	55	55
Balance	$ 72,031	$ 61,894	$ 56,703
Dividend paid in kind shares issued, shares	1	4
Dividend paid in kind shares issued, amount	$ 1,107	$ 4,231
Accretion of preferred stock, shares
Accretion of preferred stock, amount	$ 7,139	$ 5,906	$ 5,191
Balance, shares	60	59	55
Balance	$ 80,277	$ 72,031	$ 61,894

SCHEDULE OF DIVIDEND PAID ACTIV

SCHEDULE OF DIVIDEND PAID ACTIVITY (Details) - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Equity [Abstract]
Dividends paid in cash	$ 3,385		$ 4,112
Dividend paid in shares	1,108	4,231
Dividend total	$ 4,493	$ 4,231	$ 4,112

CONVERTIBLE REDEEMABLE PREFER_3

CONVERTIBLE REDEEMABLE PREFERRED STOCK AND STOCKHOLDERS’ EQUITY (Details Narrative) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		12 Months Ended
	Feb. 01, 2021	Dec. 31, 2023	Dec. 31, 2022	Oct. 03, 2019
Subsidiary, Sale of Stock [Line Items]
Preferred stock, shares authorized		50,000
Preferred stock, par value		$ 0.01
Dividend arrears		$ 0	$ 0
Preferred Stock [Member]
Subsidiary, Sale of Stock [Line Items]
Preferred stock, shares authorized		50
Redeemable Preferred Stock [Member]
Subsidiary, Sale of Stock [Line Items]
Preferred stock, shares authorized		150
Preferred stock, par value		$ 0.01
Series A Preferred Stock [Member]
Subsidiary, Sale of Stock [Line Items]
Number of common stock issued		1	4
Preferred stock, shares authorized		100
Preferred stock, shares issued				50
Preferred stock, liquidation preference description		The Series A Preferred Stock has a liquidation preference equal to the greater of (i) the original issuance price of $1,000.00 per share, subject to certain adjustments (the “Series A Issue Price”), plus all accrued and unpaid dividends thereon (except in the case of a deemed liquidation event, then 150% of such amount) and (ii) the amount such holder would have received if the Series A Preferred Stock had converted into common stock immediately prior to such liquidation
Preferred stock, liquidation price per share		$ 1,000
Preferred stock, liquidation preference value		$ 30,091
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]
Subsidiary, Sale of Stock [Line Items]
Preferred stock, dividend rate, percentage		7.50%
Series A Preferred Stock [Member] | Maximum [Member]
Subsidiary, Sale of Stock [Line Items]
Preferred stock, dividend rate, percentage		17.50%
Underwritten Public Offering [Member]
Subsidiary, Sale of Stock [Line Items]
Number of common stock issued	4,428
Proceeds from issuance of initial public offering	$ 28,800

SCHEDULE OF ACCUMULATED OTHER C

SCHEDULE OF ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) - USD ($) $ in Thousands	3 Months Ended						6 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Accumulated Other Comprehensive Income
Foreign currency translation adjustment, Balance at Beginning			$ (1,210)			$ 391	$ (1,210)	$ 391	$ (1,210)	$ 391	$ (1,210)	$ 391	$ 399
Unrealized gain (losses) on investments, Balance at Beginning
Accumulated other comprehensive income (loss), Balance at Beginning	$ (998)	$ (1,098)	(1,210)	$ (1,174)	$ 549	391	(1,210)	391	(1,210)	391	(1,210)	391	399
Foreign currency translation adjustment, Net current period change											594	(1,601)	(8)
Accumulated other comprehensive income (loss), Net current period change	(906)	100	112	16	(1,723)	158	212	(1,565)	(694)	(1,549)	594	(1,601)	(8)
Foreign currency translation adjustment, Balance at End											(616)	(1,210)	391
Unrealized gain (losses) on investments, Balance at End
Accumulated other comprehensive income (loss), Balance at End	$ (1,904)	$ (998)	$ (1,098)	$ (1,158)	$ (1,174)	$ 549	$ (998)	$ (1,174)	$ (1,904)	$ (1,158)	$ (616)	$ (1,210)	$ 391

SCHEDULE OF REVENUES AND LONG L

SCHEDULE OF REVENUES AND LONG LIVED ASSETS BY GEOGRAPHICAL REGION (Details) $ in Thousands	3 Months Ended						6 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2023 USD ($)	Jun. 30, 2023 USD ($)	Mar. 31, 2023 USD ($)	Sep. 30, 2022 USD ($)	Jun. 30, 2022 USD ($)	Mar. 31, 2022 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Dec. 31, 2023 USD ($) Segment	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Revenues from External Customers and Long-Lived Assets [Line Items]
Number of reportable segments | Segment											1
Total revenues	$ 34,242	$ 32,092	$ 32,852	$ 34,555	$ 34,520	$ 33,288	$ 64,945	$ 67,808	$ 99,187	$ 102,364	$ 133,736	$ 135,912	$ 125,960
Long lived assets											12,383	9,249	8,988
UNITED STATES
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenues											59,233	57,437	50,772
Long lived assets											1,081	941	1,123
ISRAEL
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenues											41,689	44,580	44,673
Long lived assets											3,923	3,545	3,675
Other [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenues											32,814	33,895	30,515
Long lived assets											$ 7,379	$ 4,763	$ 4,190

SCHEDULE OF LOSS BEFORE INCOME

SCHEDULE OF LOSS BEFORE INCOME TAXES (Details) - USD ($) $ in Thousands	3 Months Ended						6 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
U.S. operations											$ (16,494)	$ (10,303)	$ (14,996)
Foreign operations											11,443	4,421	4,113
Net loss before income taxes	$ (3,253)	$ (3,269)	$ 5,034	$ (1,277)	$ 86	$ (3,514)	$ 1,766	$ (3,428)	$ (1,487)	$ (4,706)	$ (5,051)	$ (5,882)	$ (10,883)

SCHEDULE OF PROVISION FOR INCOM

SCHEDULE OF PROVISION FOR INCOME TAXES (Details) - USD ($) $ in Thousands	3 Months Ended						6 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Current:
Federal
State											68	93	16
Foreign											519	69	127
Total current provision											587	162	143
Deferred:
Federal
State
Foreign											2	708	1,745
Total deferred provision											2	708	1,745
Total (benefit) provision for income taxes	$ 295	$ (6)	$ 392	$ 323	$ 492	$ (42)	$ 386	$ 450	$ 681	$ 773	$ 589	$ 870	$ 1,888

SCHEDULE OF STATUTORY FEDERAL I

SCHEDULE OF STATUTORY FEDERAL INCOME TAX RATE (Details) - USD ($) $ in Thousands	3 Months Ended						6 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Income tax benefit at the federal statutory rate											$ (1,061)	$ (1,236)	$ (2,285)
State and local income taxes, net of federal taxes											(298)	(313)	411
(Decrease) increase in valuation allowance											1,488	(1,105)	595
Remeasurement of deferred tax adjustments											4	359	1,302
Permanent differences and other											678	810	269
Foreign rate differential											(1,924)	(151)	1,008
GILTI inclusion											1,586	2,425	509
Other											57	81	79
Acquisition fees											59
Total (benefit) provision for income taxes	$ 295	$ (6)	$ 392	$ 323	$ 492	$ (42)	$ 386	$ 450	$ 681	$ 773	$ 589	$ 870	$ 1,888

SCHEDULE OF DEFERRED TAX ASSETS

SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Deferred tax assets:
Net operating loss carryforwards	$ 27,643	$ 27,722
Capital loss carryforwards	10,465	10,670
Deferred revenue	2,241	2,035
Stock-based compensation	302	459
Federal research and development tax credits	1,058	1,058
Capitalized research	1,396	980
Inventories	411	324
Bad debt reserve	724	594
Deferred lease liability	425	548
Other deductible temporary differences	2,055	2,610
Acquisition costs	923
Total gross deferred tax assets	47,643	47,000
Less: valuation allowance	(44,780)	(43,692)
Net deferred tax assets	2,863	3,308
Deferred tax liabilities:
Intangible amortization	(4,068)	(4,403)
ROU assets	(382)	(498)
Total deferred tax liabilities	(4,450)	(4,901)
Net deferred tax liabilities	$ (1,587)	$ (1,593)

SCHEDULE OF UNRECOGNIZED TAX PO

SCHEDULE OF UNRECOGNIZED TAX POSITIONS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Balance at the beginning of the year	$ 344	$ 384
Additions based on tax provisions taken related to current year	139	123
Reductions related to expiration of statute of limitations	(189)	(163)
Balance at the end of year	$ 294	$ 344

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative) - USD ($) $ in Thousands		12 Months Ended
	Aug. 16, 2022	Dec. 31, 2023	Dec. 31, 2022
Operating Loss Carryforwards [Line Items]
Net operating loss carryforward		$ 78,675
Deferred tax assets valuation allowance change in amount		44,780	$ 43,692
Valuation increase decrease		1,088	$ 1,333
Excise tax	1%
NEW JERSEY
Operating Loss Carryforwards [Line Items]
Net operating loss carryforward		8,567
State and Local Jurisdiction [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss carryforward		39,263
Foreign Tax Authority [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss carryforward		$ 29,020

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($) $ in Thousands		1 Months Ended	12 Months Ended
	Aug. 14, 2018	Aug. 31, 2014	Dec. 31, 2023	Feb. 24, 2022
Damages sought value	$ 226
Tax Year 2015 [Member]
Government fees			$ 238	$ 238
Pointer do Brasil Comercial Ltda. [Member]
Interest		$ 219
penalty		1,164
Total interest and penalty		$ 1,383
Loss contingency damages sought value			$ 13,482

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - USD ($) $ in Thousands, shares in Millions	Mar. 18, 2024	Apr. 02, 2024	Apr. 01, 2024	Mar. 07, 2024	Feb. 28, 2024	Feb. 27, 2024
Subsequent Event [Member] | Term A Facility [Member]
Subsequent Event [Line Items]
Aggregate principal amount				$ 42,500
Subsequent Event [Member] | Term B Facility [Member]
Subsequent Event [Line Items]
Aggregate principal amount				42,500
Subsequent Event [Member] | First Rand Bank Limited [Member]
Subsequent Event [Line Items]
Aggregate principal amount				$ 85,000
Implementation Agreement [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Number of shares authorized					175	75
Amende And Restated Credit Agreement [Member]
Subsequent Event [Line Items]
Aggregate principal amount	$ 30,000
Cash	30,000
Proceeds to prepay loan	11,200
Amende And Restated Credit Agreement [Member] | Pointer [Member]
Subsequent Event [Line Items]
Aggregate principal amount	20,000
Amende And Restated Credit Agreement [Member] | Senior Secured Term Loan One [Member]
Subsequent Event [Line Items]
Aggregate principal amount	20,000
Amende And Restated Credit Agreement [Member] | Senior Secured Term Loan Two [Member]
Subsequent Event [Line Items]
Aggregate principal amount	10,000
Amende And Restated Credit Agreement [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Aggregate principal amount	30,000
Cash	30,000
Proceeds to prepay loan	11,200
Preferred stock redemption amount		$ 90,300	$ 90,300
Amende And Restated Credit Agreement [Member] | Subsequent Event [Member] | Pointer [Member]
Subsequent Event [Line Items]
Aggregate principal amount	20,000
Amende And Restated Credit Agreement [Member] | Subsequent Event [Member] | Senior Secured Term Loan One [Member]
Subsequent Event [Line Items]
Aggregate principal amount	20,000
Amende And Restated Credit Agreement [Member] | Subsequent Event [Member] | Senior Secured Term Loan Two [Member]
Subsequent Event [Line Items]
Aggregate principal amount	10,000
Amende And Restated Credit Agreement [Member] | Subsequent Event [Member] | Revolving Credit Facilities One [Member]
Subsequent Event [Line Items]
Aggregate principal amount	10,000
Amende And Restated Credit Agreement [Member] | Subsequent Event [Member] | Revolving Credit Facilities Two [Member]
Subsequent Event [Line Items]
Aggregate principal amount	$ 10,000