Tingo (TIOG) 10-K 31 Mar 17 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2016	Mar. 31, 2017	Jun. 30, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	MICRONET ENERTEC TECHNOLOGIES, INC.
Entity Central Index Key	854,800
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$ 7,311,577
Entity Common Stock, Shares Outstanding		6,490,658

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 668	$ 2,361
Restricted cash	4,488	4,135
Marketable securities	2,978	5,643
Trade accounts receivable, net	11,558	12,353
Inventories	5,758	7,457
Other accounts receivable	899	1,585
Total current assets	26,349	33,534
Property and equipment, net	1,641	1,816
Intangible assets and others, net	2,381	3,297
Long term deposit	86	30
Goodwill	1,466	1,466
Total long term assets	5,574	6,609
Total assets	31,923	40,143
LIABILITIES AND EQUITY
Short term bank credit and current portion of long term bank loans	9,993	11,012
Short term credit from others and current portion of long term loans from others	3,114	1,037
Trade accounts payable	4,130	5,710
Other accounts payable	2,383	2,484
Total current liabilities	19,620	20,243
Long term loans from banks	1,093	1,978
Long term loan from others	188	375
Finance lease		22
Accrued severance pay, net	57	52
Deferred tax liabilities, net	7	17
Total long term liabilities	1,345	2,444
Stockholders' Equity:
Preferred stock; $.001 par value, 5,000,000 shares authorized, none issued and outstanding
Common stock; $.001 par value, 25,000,000 shares authorized, 6,385,092 and 5,865,221 shares issued and outstanding as of December 31, 2016 and 2015, respectively.	6	6
Additional paid in capital	8,748	7,812
Accumulated other comprehensive income	11	(196)
Retained earnings (loss)	(1,990)	3,817
Micronet Enertec stockholders' equity	6,775	11,439
Non-controlling interests	4,183	6,017
Total equity	10,958	17,456
Total Liabilities and equity	$ 31,923	$ 40,143

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued
Preferred stock, shares outstanding
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	25,000,000	25,000,000
Common stock, shares issued	6,385,092	5,865,221
Common stock, shares outstanding	6,385,092	5,865,221

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Income Statement [Abstract]
Revenues	$ 22,748	$ 23,587
Cost of revenues	18,598	16,284
Gross profit	4,150	7,303
Operating expenses:
Research and development	2,320	2,453
Selling and marketing	1,941	1,530
General and administrative	5,933	4,723
Amortization of intangible assets	926	1,118
Total operating expenses	11,120	9,824
Loss from operations	(6,970)	(2,521)
Finance expense, net	672	610
Loss before provision for income taxes	(7,642)	(3,131)
Taxes on income (benefit)	(129)	(81)
Net loss	(7,513)	(3,050)
Net loss attributable to non-controlling interests	1,706	583
Net loss attributable to Micronet Enertec	$ (5,807)	$ (2,467)
Loss per share attributable to Micronet Enertec:
Basic	$ (0.97)	$ (0.42)
Weighted average common shares outstanding:
Basic	5,966,622	5,861,630

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Statement of Comprehensive Income [Abstract]
Net loss	$ (7,513)	$ (3,050)
Other comprehensive Income (loss), net of tax:
Currency translation adjustment	79	(27)
Total comprehensive loss	(7,434)	(3,077)
Comprehensive loss attributable to the non-controlling interests	1,834	89
Comprehensive loss attributable to Micronet Enertec	$ (5,600)	$ (2,988)

Statements of Changes In Equity

Statements of Changes In Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income	Non-controlling Interest
Balance at Dec. 31, 2013	$ 25,598	$ 6	$ 8,053	$ 8,423	$ 1,389	$ 7,727
Balance, Shares at Dec. 31, 2013		5,831,246
Shares issued to service provider	94		94
Shares issued to service provider, Shares		25,000
Stock-based compensation	308		308
Comprehensive loss	(4,028)			(2,139)	(1,064)	(825)
Acquisition of non-controlling interest	(1,723)		(950)			(773)
Balance at Dec. 31, 2014	20,249	$ 6	7,505	6,284	325	6,129
Balance, Shares at Dec. 31, 2014		5,856,246
Shares issued to service provider	30		30
Shares issued to service provider, Shares		8,975
Stock-based compensation	306		306
Comprehensive loss	(3,077)			(2,467)	(521)	(89)
Acquisition of non-controlling interest	(52)		(29)			(23)
Balance at Dec. 31, 2015	17,456	$ 6	7,812	3,817	(196)	6,017
Balance, Shares at Dec. 31, 2015		5,865,221
Shares issued to service provider	26		26
Shares issued to service provider, Shares		13,500
Stock-based compensation	268		268
Issuance of warrants	62		62
Comprehensive loss	(7,434)			(5,807)	207	(1,834)
Issuance of shares, net	580		580
Issuance of shares, net, Shares		506,371
Balance at Dec. 31, 2016	$ 10,958	$ 6	$ 8,748	$ (1,990)	$ 11	$ 4,183
Balance, Shares at Dec. 31, 2016		6,385,092

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (7,513)	$ (3,050)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	1,369	1,599
Marketable securities	27	176
Change in fair value of derivatives, net	(37)	(8)
Change in deferred taxes, net	(104)	(195)
Accrued interests on bank loans	251	(18)
Amortization of note discount	24
Stock based compensation and shares issued to service providers	294	336
Changes in operating assets and liabilities:
Decrease in trade accounts receivable	908	1,798
Decrease (Increase) in inventories	1,767	(799)
Increase in accrued severance pay, net	5	23
Decrease (increase) in other accounts receivable	727	(146)
Decrease in trade accounts payable	(1,580)	(1,878)
Decrease in other accounts payable	(86)	(160)
Net cash used in operating activities	(3,948)	(2,322)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment	(241)	(367)
Restricted cash	(353)	246
Marketable securities	2,638	586
Net cash provided by (used in) investing activities	2,044	465
CASH FLOWS FROM FINANCING ACTIVITIES:
Short term bank credit	(1,167)	3,298
Receipt of loan from others	1,957	1,412
Receipt of long-term loan from banks		59
Repayment of long term bank loans	(915)	(3,685)
Acquisition of non-controlling interest		(52)
Repayment of loan from others	(164)
Repayment of long-term notes		(1,000)
Issuance of warrants	62
Issuance of shares, net	580
Net cash provided by financing activities	353	32
NET CASH DECREASE IN CASH AND CASH EQUIVALENTS	(1,551)	(1,825)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	2,361	4,211
TRANSLATION ADJUSTMENT OF CASH AND CASH EQUIVALENTS	(142)	(25)
CASH AND CASH EQUIVALENTS AT END OF PERIOD	668	2,361
Amount paid during the period for:
Interest	250	217
Taxes	$ 99	$ 164

Description of Business

Description of Business	12 Months Ended
	Dec. 31, 2016
Description of Business [Abstract]
DESCRIPTION OF BUSINESS	NOTE 1 — DESCRIPTION OF BUSINESS Overview A. Micronet Enertec Technologies, Inc. (“we,” “Micronet Enertec” or “the Company”), a U.S.-based Delaware corporation, was formed on January 31, 2002. We changed our corporate name from Lapis Technologies, Inc. to Micronet Enertec Technologies, Inc. We operate through two Israel-based companies, Enertec Systems 2001 Ltd (“Enertec”), our wholly-owned subsidiary, and Micronet Ltd (“Micronet”), in which we held 62.9% as of December 31, 2016 and are controlled by us. Micronet is a publicly traded company on the Tel Aviv Stock Exchange and operates in the growing commercial Mobile Resource Management (“MRM”) market. Micronet through both its Israeli and U.S. operational offices designs, develops, manufactures and sells rugged mobile computing devices that provide fleet operators and field workforces with computing solutions in challenging work environments. Micronet’s vehicle cabin installed and portable tablets increase workforce productivity and enhance corporate efficiency by offering computing power and communication capabilities that provide fleet operators with visibility into vehicle location, fuel usage, speed and mileage. Micronet’s customers consist primarily of application service providers and solution providers specializing in the MRM market. Enertec operates in the Defense and Aerospace markets and designs, develops, manufactures and supplies various customized military computer-based systems, simulators, automatic test equipment and electronic instruments. Enertec’s solutions and systems are designed according to major aerospace integrators’ requirements and are integrated by them into critical systems such as command and control, missile fire control, maintenance of military aircraft and missiles for use by the Israeli Air Force and Navy and by foreign defense entities.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2016
Summary of Significant Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying consolidated financial statements are prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”). The consolidated financial statements include the financial statements of the Company and its wholly owned subsidiaries. All significant inter-company transactions and balances among the Company and its subsidiaries are eliminated upon consolidation. Functional Currency The functional currency of Micronet Enertec is the U.S. dollar. The functional currency of certain subsidiaries is their local currency. The financial statements of those companies are included in consolidation, based on translation into U.S. dollars. Assets and liabilities are translated at year-end-exchange rates, while revenues and expenses are translated at monthly average exchange rates during the year. Differences resulting from translation are presented in the consolidated statements of comprehensive income. Use of Estimate The preparation of the 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 dates of the financial statements and the reported amounts of revenue and expenses during the reporting periods. Actual results could differ from those estimates. Principles of Consolidation The consolidated financial statements comprise the Company and its subsidiaries. Control is the power to govern the financial and operating policies of an entity so as to obtain benefits from its operating activities. In assessing control, legal and contractual rights, are taken into account. The consolidated financial statements of subsidiaries are included in the consolidated financial statements from the date that control is achieved until the date that control is lost. Intercompany transactions and balances are eliminated upon consolidation. Cash and Cash Equivalents Cash equivalents are considered by the Company to be highly-liquid investments, including inter-alia, short-term deposits with banks, of which do not exceed maturities of three months at the time of deposit and which are not restricted. Investments in Marketable Securities Management determines the appropriate classification of its investments at the time of purchase and reevaluates such determinations at each balance sheet date. Investments in marketable securities are classified as “trading,” and unrealized gains or losses are reported in the statement of income. Revenue Recognition The Company’s subsidiary Enertec enters into long-term fixed-price contracts with customers to manufacture test systems, simulators, and airborne applications. Revenues on these long-term fixed-price contracts are recognized under the percentage-of-completion method. In using the percentage of completion method, revenues are generally recorded based on the percentage of cost incurred to date on a contract relative to the estimated total expected contract cost. Management uses historical experience, project plans and an assessment of the risks and uncertainties inherent in the arrangement to establish the total estimated costs. The percentage of completion is established by the costs incurred to date as a percentage of the estimated total costs of each contract (cost-to-cost method). Contract costs include all direct material and labor costs. The Company recognizes revenues on a project when persuasive evidence of an arrangement exists, recoverability is probable, and project costs are incurred. The Company recognizes anticipated contract losses, if any, in the period in which they first became evident. As of December 31, 2016, approximately $4,805 (on December 31, 2015: $4,500) of the accounts receivable balance was unbilled due to the customers’ payment terms. Revenues from the sales of MRM products are recognized when persuasive evidence of an arrangement exists; delivery has occurred, consideration is fixed and determinable; and collection of the resulting receivable is reasonably assured. The title and risk of loss passes to the customer, delivery has occurred and acceptance is satisfied as the product leaves the Company premises. Allowance for Doubtful Accounts The Company establishes an allowance for doubtful accounts to ensure trade and financing receivables are not overstated due to uncollectability. The allowance for doubtful accounts was based on specific receivables, which their collection, in the opinion of Company’s management, is in doubt. Trade receivables are charged off in the period in which they are deemed to be uncollectible. As of December 31, 2016 and 2015, the allowance for doubtful accounts amounted to $563 and $1,288, respectively. Reclassifications Certain balance sheet amounts and cash flow have been reclassified to comfort with the current year presentation. Inventories Inventories of raw materials are stated at the lower of cost (first-in, first-out basis) or realizable value. Cost of work in process comprise direct materials, direct production costs and an allocation of production overheads based on normal operating capacity. Property and Equipment Property and equipment are stated at cost, net of accumulated depreciation. Depreciation is calculated by the straight-line method over their estimated useful lives. Annual rates of depreciation are as follows: Leasehold improvements Over the shorter of the lease term or the life of the assets Machinery and equipment 7-14 years Furniture and fixtures 10-14 years Transportation equipment 7 years Computer equipment 3 years Stock Based Compensation The Company accounts for stock based compensation under the fair market value method under which compensation cost is measured at the grant date based on the value of the award and is recognized over the service period, which is usually the vesting period. For stock options, fair value is determined using an option-pricing model that takes into account the stock price at the grant date, the exercise price, the expected life of the option, the volatility of the underlying stock, the expected dividends on it, and the risk-free interest rate over the expected life of the option. Research and Development Costs Research and development costs are charged to statements of income as incurred net of grants from the Israel Innovation Authority (IIA)(formerly known as the Israel Office of the Chief Scientist of the Ministry of Economy . Loss per Share Basic net earnings per share are computed based on the weighted average number of ordinary shares outstanding during each year. Long-Lived Assets and Intangible assets Intangible assets that are not considered to have an indefinite useful life are amortized using the straight-line basis over their estimated useful lives. The Company evaluates property and equipment and purchased intangible assets with finite lives for impairment whenever events or changes in circumstances indicate the carrying value of an asset may not be recoverable. The Company assesses the recoverability of the assets based on the undiscounted future cash flow and recognizes an impairment loss when the estimated undiscounted future cash flow expected to result from the use of the asset plus the net proceeds expected from disposition of the asset, if any, are less than the carrying value of the asset. When the Company identifies an impairment, it reduces the carrying amount of the asset to its estimated fair value based on a discounted cash flow approach or, when available and appropriate, to comparable market values. During the years ended December 31, 2016 and 2015, no indicators of impairment have been identified. Goodwill Goodwill represents the excess of the purchase price in a business combination over the fair value of net tangible and intangible assets acquired. Goodwill is not amortized, but rather is subject to an annual impairment test. The Company has two operating segments: Mobile Resource Management and Defense and Aerospace. The goodwill was allocated to one reporting unit which included in the MRM division. The goodwill impairment tests are conducted in two steps. In the first step, the Company determines the fair value of the reporting unit. If the net book value of the reporting unit exceeds its fair value, the Company would then perform the second step of the impairment test which requires allocation of the reporting unit’s fair value of all of its assets and liabilities in a manner similar to an acquisition cost allocation, with any residual fair value being allocated to goodwill. The implied fair value of the goodwill is then compared to the carrying value to determine impairment, if any. Comprehensive Income (Loss) Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 220-10,“Reporting Comprehensive Income,” requires the Company to report in its consolidated financial statements, in addition to its net income, comprehensive income (loss), which includes all changes in equity during a period from non-owner sources including, as applicable, foreign currency items, and other items. The Company’s other comprehensive income for all periods presented is related to the translation from functional currency to the presentation currency. Income Taxes Deferred taxes are determined utilizing the “asset and liability” method, whereby deferred tax asset and liability account balances are determined based on differences between financial reporting and the tax bases of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company provides a valuation allowance, when it’s more likely than not that deferred tax assets will not be realized in the foreseeable future. Deferred tax liabilities and assets are classified as current or non-current based on the expected reversal dates of the specific temporary differences. The Company applied FASB ASC Topic 740-10-25, “Income Taxes,” which provides guidance for recognizing and measuring uncertain tax positions and prescribes a threshold condition that a tax position must meet for any of the benefits of the uncertain tax position to be recognized in the financial statements. It also provides accounting guidance on derecognizing, classification and disclosure of these uncertain tax positions. The Company’s policy on classification of all interest and penalties related to unrecognized income tax positions, if any, is to present them as a component of income tax expense. Financial Instruments 1. Concentration of credit risks: Financial instruments that have the potential to expose the Company to credit risks are mainly cash and cash equivalents, bank deposit accounts, marketable securities and trade receivables. The Company holds cash and cash equivalents, securities and deposit accounts at large banks in Israel, thereby substantially reducing the risk of loss. With respect to trade receivables, the risk is limited due to the geographically spreading, nature and size of the entities that constitute the Company’s customer base. The Company assesses the financial position of its customers prior to the engagement with them. The Company performs ongoing credit evaluations of its customers for the purpose of determining the appropriate allowance for doubtful accounts and generally does not require collateral. An appropriate allowance for doubtful accounts is included in the accounts. 2. Fair value measurement: The Company measures fair value and discloses fair value measurements for financial and non-financial assets and liabilities. Fair value is based on the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The accounting standard establishes a fair value hierarchy that prioritizes observable and unobservable inputs used to measure fair value into three broad levels, which are described below: Level 1: Quoted prices (unadjusted) in active markets that are accessible at the measurement date for assets or liabilities. The fair value hierarchy gives the highest priority to Level 1 inputs. Level 2: Observable prices that are based on inputs not quoted on active markets, but corroborated by market data. Level 3: Unobservable inputs are used when little or no market data is available. The fair value hierarchy gives the lowest priority to Level 3 inputs. In determining fair value, the Company utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible and considers counterparty credit risk in its assessment of fair value. Recent Accounting Pronouncements In February 2016, the FASB issued Accounting Standards Update (ASU) No. 2016-02, which supersedes the lease accounting guidance in ASC 840, Leases. The new guidance requires lessees to recognize a right-of-use asset and a lease liability on the balance sheet for all leases with the exception of short-term leases. For lessees, leases will continue to be classified as either operating or finance leases in the income statement. Lessor accounting is similar to the current model but updated to align with certain changes to the lessee model. The amendments are effective for reporting periods (interim and annual) beginning after December 15, 2018, with early adoption permitted. The amendments must be adopted using a modified retrospective approach. The Company is currently evaluating the impact of the amended guidance on its consolidated financial statements, but does not except to have material impact. In August 2016, the FASB issued Accounting Standards Update (ASU) 2016-15. This update addresses whether to present certain specific cash flow items as operating, investing or financing activities. The amendments are effective for reporting periods (interim and annual) beginning after December 15, 2017. Early adoption is permitted. The amendments will be applied retrospectively to each period presented. The Company is currently evaluating the impact of the amended guidance on its consolidated financial statements, but does not except to have material impact. In November 2016, the FASB issued Accounting Standards Update (ASU) 2016-18. This updates provides guidance on the classification and presentation of changes in restricted cash or restricted cash equivalents in the statement of cash flows under Topic 230, Statement of Cash Flows. The amendments are effective for reporting periods (interim and annual) beginning after December 15, 2017, with early adoption permitted. The amendments will be applied retrospectively to each period presented. The Company is currently evaluating the impact of the amended guidance on its consolidated financial statements. In May 2014, the FASB issued ASU No. 2014-09, Revenue from contracts with customers (Topic 606). Under the new standard, revenue is recognized when a customer obtains control of promised goods or services and is recognized in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In addition, the standard requires disclosure of the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. The FASB has recently issued several amendments to the standard, including clarification on accounting for licenses of intellectual property, identifying performance obligations, principal versus agent considerations and other narrow technical corrections. The new revenue standard (and its related amendments) is effective for reporting periods (interim and annual) beginning after December 15, 2017, with early adoption permitted for reporting periods (interim and annual) beginning after December 15, 2016. The standard permits two methods of adoption: retrospectively to each reporting period presented (full retrospective method), or retrospectively with the cumulative effect of initially applying the guidance recognized at the date of initial application (the modified retrospective method). The Company is currently expecting to adopt the standard using the modified retrospective method. The Company is currently examining whether the control of the goods produced in long term contracts is transferred to the customer overtime.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2016
Fair Value Measurements [Abstract]
FAIR VALUE MEASUREMENTS	NOTE 3 — FAIR VALUE MEASUREMENTS Items carried at fair value as of December 31, 2016 and 2015 are classified in the table below in one of the three categories described in Note 2. Fair value measurements using input type December 31, 2016 Level 1 Level 2 Level 3 Total Cash and cash equivalents $ 668 - - 668 Restricted cash 4,488 - - 4,488 Marketable securities 2,978 - - 2,978 Derivative liability - (9 ) - (9 ) Derivative liability- phantom option - (4 ) - (4 ) $ 8,134 (13 ) - 8,121 Fair value measurements using input type December 31, 2015 Level 1 Level 2 Level 3 Total Cash and cash equivalents $ 2,361 $ - $ - $ 2,361 Restricted cash 4,135 - - 4,135 Marketable securities 5,643 - - 5,643 Derivative liability - (41 ) - (41 ) 12,139 $ (41 ) $ - $ 12,098

Inventories

Inventories	12 Months Ended
	Dec. 31, 2016
Inventories [Abstract]
INVENTORIES	NOTE 4 — INVENTORIES Inventories are stated at the lower of cost or market, computed using the first-in, first-out method. Inventories consist of the following: December 31, 2016 2015 Raw materials $ 5,103 $ 6,303 Work in process and finished product 655 1,154 $ 5,758 $ 7,457 During 2016, The Company recorded inventory write off at the amount of $953.

Property and Equipment, Net

Property and Equipment, Net	12 Months Ended
	Dec. 31, 2016
Property and Equipment, Net [Abstract]
PROPERTY AND EQUIPMENT, NET	NOTE 5 — PROPERTY AND EQUIPMENT, NET Property and equipment consists of the following as of December 31, 2016 and 2015: December 31, 2016 2015 Leasehold improvements $ 773 $ 839 Machinery and equipment 2,083 2,274 Furniture and fixtures 258 251 Transportation equipment 141 138 Computer equipment 1,343 1,234 4,598 4,736 Less accumulated depreciation (2,957 ) (2,920 ) $ 1,641 $ 1,816 Depreciation expenses totaled $443 and $481, for the years ended December 31, 2016 and 2015, respectively. During 2016, the Company recorded a reduction of $335 of cost and $335 of accumulated depreciation for leasehold improvements and machinery and equipment no longer in use, resulting in no gain or loss.

Intangible Assets and Others, N

Intangible Assets and Others, Net	12 Months Ended
	Dec. 31, 2016
Intangible Assets and Others, Net [Abstract]
INTANGIBLE ASSETS AND OTHERS, NET	NOTE 6 — INTANGIBLE ASSETS AND OTHERS, NET Composition: Useful life December 31, years 2016 2015 Original amount: Technology 5 $ 2,010 $ 2,010 Customer related intangible assets 3-5 3,470 3,470 $ 5,480 $ 5,480 Accumulated amortization: Technology 5 $ 1,154 $ 752 Customer related intangible assets 3-5 2,237 1,726 5 $ 3,391 $ 2,478 $ 2,089 $ 3,002 Prepaid lease expenses 205 206 Deferred tax assets 87 89 $ 2,381 $ 3,297 The estimated future amortization of the intangible assets (excluded deferred tax assets and prepaid lease) as of December 31, 2016 is as follows: 2017 890 2018 846 2019 353 $ 2,089

Short Term Bank Loans

Short Term Bank Loans	12 Months Ended
	Dec. 31, 2016
Debt Disclosure [Abstract]
SHORT TERM BANK LOANS:	NOTE 7 - SHORT TERM BANK LOANS Composition: Interest rate as of Total short-term liabilities 2016 Linkage December 31, % basis 2016 2015 Due to banks Prime plus 0.7%- Prime plus 2.45% NIS $ 9,045 $ 9,701 Current portion 948 1,311 $ 9,993 $ 11,012 As of December 31, 2016, the Company had short term bank credit of $9,993 comprised as follows: $948 current portion of long term loans and $9,045 of short term bank loans that bear interest of prime plus 0.7% through prime plus 2.45% paid either on a monthly or weekly basis. As of December 31, 2015, the Company had short term bank credit of $11,012 comprised as follows: $1,311 current portion of long term loans and $9,701 of short term bank loans that bear interest of prime plus 0.7% through prime plus 2.45% paid either on a monthly or weekly basis. The Company has committed to certain covenants under its bank loans. See also note 15. The Restricted cash in the balance sheets stands as collateral in favor of the loans.

Long Term Loans from Banks

Long Term Loans from Banks	12 Months Ended
	Dec. 31, 2016
Debt Disclosure [Abstract]
LONG TERM LOANS FROM BANKS	NOTE 8 — LONG TERM LOANS FROM BANKS 1. Composition: Interest rate as of December 31, Total long-term liabilities, net of current portion 2016 Linkage December 31, % basis 2016 2015 Due to banks Prime plus 1.25%- Prime plus 2.45% NIS $ 2,041 $ 3,289 Less– current portion (948 ) (1,311 ) $ 1,093 $ 1,978 2. Long-term loans from banks are due as follows: December 31, 2016 2015 First year (current portion) $ 948 $ 1,311 Second year 547 903 Third year 546 538 Fourth year and thereafter - 537 $ 2,041 $ 3,289 The Company has committed to certain covenants under its bank loans. See also note 15.

Loan from Others

Loan from Others	12 Months Ended
	Dec. 31, 2016
Loan from Others [Abstract]
LOAN FROM OTHERS	NOTE 9 — LOAN FROM OTHERS On September 2, 2015, Enertec entered into a Credit Line Agreement with a financing firm, or the Financing Firm, pursuant to which the Financing Firm agreed to grant Enertec a credit line. The maximum aggregate amount of the Credit Line Agreement is $675 and up to 85% of open trade receivables invoices. The annual interest rate is Prime plus 1.75%. The Credit Line Agreement will expire on April 30, 2017. As of December 31, 2016, Enertec had financed $669 pursuant to the Credit Line Agreement. On December 30, 2015, the Company entered into a Loan Agreement (the “Meydan Loan”), with Meydan Family Trust No. 3 (“Meydan”), pursuant to which Meydan agreed to loan the Company $750, on certain terms and conditions. The proceeds of the Meydan Loan have been used by the Company for working capital and general corporate needs. The Meydan loan bears interest at the rate of Libor plus 8% and shall be repaid in 4 equal installments beginning on April 10, 2017. On June 30, October 28, and December 22, 2016, the Company and its wholly-owned subsidiary, Enertec Electronics Ltd., entered into a Note Purchase Agreements with YA II, or the Note Purchase Agreements, whereby YA II purchased $600, $500 and $1,000 of notes from the Company, or the Notes, respectively. The outstanding principal balance of the Notes bears interest at 7% per annum. Upon the occurrence of an Event of Default (as defined in the Notes), all amounts payable may be due immediately. In connection with the Note Purchase Agreements, the Company granted to YA II a five-year warrant, or the Warrants, to purchase 252,000 shares of the Company’s common stock at an exercise price of $ 3 per share. In accordance with the ASC 815-40 The Company analyzed the warrants issued and concluded that they meet the definition of an equity instrument. In accordance with ASC 470 "Debt", the Company allocated the total proceeds between the loan and the warrants based on their relative fair value at the closing date. As a result the Company recorded a discount amount of $62 based on the fair value of each warrant on its grant date.

Accrued Severence Pay, Net

Accrued Severence Pay, Net	12 Months Ended
	Dec. 31, 2016
Accrued Severence Pay, Net [Abstract]
ACCRUED SEVERANCE PAY, NET	NOTE 10 — ACCRUED SEVERANCE PAY, NET A. Accrued Liability: The Company is liable for severance pay to its employees pursuant to the applicable local laws prevailing in the respective countries of employment and employment agreements. For Israeli employees, the liability is partially covered by individual managers’ insurance policies under the name of the employee, for which the Company makes monthly payments. The Company may make withdrawals from the managers’ insurance policies only for the purpose of paying severance pay. The amounts accrued and the amounts funded with managers’ insurance policies are as follows: December 31, 2016 2015 Accrued severance pay $ 1,585 $ 1,620 Less - amount funded (1,528 ) (1,568 ) $ 57 $ 52

Provision (Benefit) for Income

Provision (Benefit) for Income Taxes	12 Months Ended
	Dec. 31, 2016
Provision (Benefit) for Income Taxes [Abstract]
PROVISION (BENEFIT) FOR INCOME TAXES	NOTE 11 — PROVISION (BENEFIT) FOR INCOME TAXES A. Basis of Taxation The Company’s Israeli subsidiaries are governed by the tax laws of the state of Israel which had a general tax rate of 25% in 2016 and 26.5% in 2015. The Company is entitled to various tax benefits in Israel by virtue of being granted the status of an “Approved Enterprise Industrial Company” as defined by the tax regulations. The benefits include, among other things, a reduced tax rate. In December 2010, new legislation amending the Law for Encouragement of Capital Investments of 1959 (the “Investment Law”), was adopted. This new legislation became effective as of January 1, 2011 and applies to preferred income produced or generated by a preferred company from the effective date. Under this new legislation, a uniform corporate tax rate applies to all qualifying income of certain Industrial Companies, or Preferred Enterprise (as defined under the Investment Law), as opposed to the previous law’s incentives, which were limited to income from Approved Enterprises and Privileged Enterprises during their benefits period. Under the new legislation, the uniform tax rates are as follows: 2011 and 2012 - 15% (10% in preferred area), 2013 and 2014 - 12.5% (7% in preferred area) and in 2015 and thereafter - 12% (6% in preferred area). Effective beginning in 2014, the regular Israeli tax rate was 26.5% for Regular Entities and 16% or 9% for Preferred Enterprises (depending on the location of industry). Both Micronet and Enertec are eligible for the tax rate for Preferred Enterprises. In 2015 and 2016, Micronet was taxed at the 16% rate and Enertec was taxed at the 9% rate. In December 2016, the Israeli government published the Economic Efficiency Law (2016) (legislative amendments to accomplish budget goals for the years 2017 and 2018). According to such law, in 2017 the general tax rate will decrease by 1% and starting 2018 by 2%; so that the tax rate will be 24% in 2017 and 23% in 2018 and onwards. In addition, the tax rate that applies to Preferred Enterprises in preferred area will be decreased by 1.5% to 7.5% starting January 1, 2017. B. Provision for Taxes Year ended 2016 2015 Current: Domestic $ - $ - Foreign (Israel) - 181 - 181 Taxes related to prior years (25 ) (43 ) Deferred: Deferred taxes, net (104 ) (219 ) Total provision for income taxes $ (129 ) $ (81 ) C. The reconciliation of income tax at the U.S. statutory rate to the Company’s effective tax rate as follows: 2016 2015 U.S. federal statutory rate 35 % 35 % Tax rate difference between U.S. and Israel (10 )% (8.5 )% Effect of Israeli tax rate benefit (17.5 )% (14 )% Effect of previous years - % (5 )% Change in valuation allowance - % (4.9 )% Others (5.9 )% - % Effective Tax Rate 1.6 % 2.6 % D. Deferred Tax Assets and Liabilities Deferred tax reflects the net tax effects of temporary differences between the carrying amounts of assets or liabilities for financial reporting purposes and the amounts used for income tax purposes. As of December 31, 2016 and 2015, the Company’s deferred taxes were in respect of the following: December 31, 2016 2015 Net operating loss carry forward $ 3,343 $ 1,668 Provisions for employee rights and other temporary differences 209 91 Deferred tax assets before valuation allowance 3,552 1,759 Valuation allowance (2,887 ) (1,188 ) Deferred tax assets 665 571 Deferred tax liability 7 17 Deferred tax assets, net $ 658 $ 554 E. Tax losses As of December 31, 2016, the Company has a net operating loss carry forward of approximately $4,921, which may be utilized to offset future taxable income for United States federal tax purposes. This net operating loss carry forward begins to expire in 2022. Since it is more likely than not that the Company will not realize a benefit from this net operating loss carry forward, a 100% valuation allowance has been recorded to reduce the deferred tax asset to its net realizable value. F. Tax Assessments The Company received final tax assessments in the United States through tax year 2012, and with regard to the Israeli subsidiaries received final tax assessments up until tax year 2012. G. Uncertain Tax Position The Company did not record any liability for income taxes associated with unrecognized tax benefits during 2016 and 2015.

Related Parties

Related Parties	12 Months Ended
	Dec. 31, 2016
Related Parties [Abstract]
RELATED PARTIES	NOTE 12 — RELATED PARTIES In November 2012, entities controlled by Mr. Lucatz reached agreements with each of Micronet and the Company for the provision of management and consulting services to Micronet and the Company, respectively. On November 7, 2012, the board of directors and the audit committee of Micronet approved the entry into a management and consulting services agreement with D.L. Capital Ltd., an entity controlled by Mr. Lucatz, pursuant to which effective November 1, 2012, Mr. Lucatz agreed to devote 60% of his time to Micronet matters for the three year term of the agreement and Micronet agreed to pay the entities controlled by Mr. Lucatz management fees of 65 NIS (approximately $16) on a monthly basis, and cover other monthly expenses. Such agreement was further subject to the approval of Micronet’s shareholders, which was obtained at a special meeting held on January 30, 2013 for that purpose and went into effect following its execution on February 8, 2013. On November 26, 2012, D.L. Capital Ltd. entered into a management and consulting services agreement with the Company, effective November 1, 2012, which provides that we will pay the entities controlled by Mr. Lucatz: (i) management fees of $13 on a monthly basis, and cover other monthly expenses, (ii) an annual bonus of 3% of the amount by which the annual EBITDA for such year exceeds the average annual EBITDA for 2011 and 2010, and (iii) a one-time bonus of 0.5% of the purchase price of any acquisition or capital raising transaction, excluding the public offering contemplated at such time, completed by us during the term of the agreement. Transactions with related parties Year ended December 31, 2016 2015 Consulting fee paid to controlling shareholder $ 386 $ 383 Stock based compensation granted to controlling shareholder 89 107 Total $ 475 $ 490

Shareholder's Equity

Shareholder's Equity	12 Months Ended
	Dec. 31, 2016
Shareholder's Equity [Abstract]
SHAREHOLDER'S EQUITY	NOTE 13 — SHAREHOLDER'S EQUITY A. Common stock: Common Stock confers upon its holders the rights to receive notice to participate and vote in general meetings of the Company, and the right to receive dividends if declared. B. Stock Option Plan: Pursuant to our 2012 Stock Incentive Plan as amended and approved at the Company’s Annual Meeting of Shareholders in October 2015, the board of directors is authorized to award stock options to purchase shares of Common Stock to our officers, directors, employees and certain others, up to a total of 1,000,000 shares of Common Stock, subject to adjustments in the event of a stock split, stock dividend, recapitalization or similar capital change. Stock based compensation amounted to $268 and $306 for the years ended December 31, 2016 and 2015, respectively. The exercise price of the options granted under the 2012 Stock Incentive Plan is set by the board of directors and will not be less than the closing sale price on NASDAQ at the grant date. As of December 31, 2016, 254,000 stock options remain available for future awards under the 2012 Stock Incentive Plan. Under the 2012 Stock Incentive Plan, unless determined otherwise by the board, options generally vest over a two or three year period from the date of grant and expire 10 years after the grant date. Unvested options are forfeited 90 days following the termination of employment. Any options that are forfeited before expiration become available for future grants. On July 17, 2014 the Company adopted the 2014 Stock Incentive Plan pursuant to which the board of directors is authorized to issue stock options, restricted stock and other awards to officers, directors, employees, consultants and other service providers. The board of directors has reserved 100,000 shares of the Company's Common Stock for issuance pursuant to awards that may be made pursuant to the 2014 Stock Incentive Plan. The 2014 Stock Incentive Plan was approved by the stockholders on September 30, 2014. As of December 31, 2016, 52,525 stock options remain available for future awards under the 2014 Stock Incentive Plan. The following table summarizes information about stock options outstanding and exercisable as of December 31, 2016: Options Outstanding Options Exercisable Number Weighted Average Number Exercise Price Years $ 20,000 6.5 20,000 4.3 586,000 8 579,333 4.3 140,000 8.5 46,667 4.3 746,000 646,000 2016 2015 Number of Weighted Average Exercise Price Number of Weighted Average Exercise Price $ $ Options outstanding at the beginning of year 746,000 4.30 606,000 4.3 Changes during the year: Granted - - 140,000 4.3 Exercised - - - - Forfeited - - - - Options outstanding at end of year 746,000 4.3 746,000 4.3 Options exercisable at year-end 646,000 4.3 397,334 Weighted-average fair value of options granted during the year $ - $ 1.09 The fair value of each option granted is estimated on the date of grant, using the Black-Scholes option-pricing model with the following weighted average assumptions: dividend yield of 0% for all years; expected volatility: 2015 – 39%; risk-free interest rate: 2015 – 1.9%; and expected life: 2015- 6.5 years. The Company is required to assume a dividend yield as an input in the Black-Scholes model. The dividend yield assumption is based on the Company’s historical experience and expectation of future dividends payouts and may be subject to change in the future. The Company uses historical volatility in accordance with FASB ASC Topic 718, “Compensation - stock compensation”. The computation of volatility uses historical volatility derived from the Company’s exchange-traded shares. The risk-free interest assumption is the implied yield currently available on U.S. Treasury zero-coupon bonds, issued with a remaining term equal to the expected life term of the Company’s options. Pre-vesting rates forfeitures were zero based on pre-vesting for feature experience. The Company uses the simplified method to compute the expected option term for options granted. C. Issuance of common stock: In April 2013, the Company closed an underwritten public offering of 1,863,000 shares of Common Stock, and warrants to purchase 931,500 shares of Common Stock, at an offering price of $5.00 per share and $0.01 per warrant. The warrants have a per share exercise price of $6.25, are exercisable immediately, and expire on April 29, 2018. The warrants include only standard anti-dilution provisions. The gross proceeds to the Company, including the underwriter’s exercise of its over-allotment option, were $9,324 before deduction of issuance costs of $1,921 payable by the Company. The shares and warrants began trading on the NASDAQ Capital Market on April 24, 2013 under the symbols“MICT” and “MICTW,” respectively. The Company analyzed the accounting treatment of the shares and warrants and classified as equity according to the appropriate accounting guidance. In May 2015, the Company issued 8,975 restricted shares to a service provider under the 2014 Stock Incentive Plan. An expense of $30 was recorded at the grant date based on the market price of the issued shares on the grant date. In April 2016, the Company issued 13,500 restricted shares to a service provider under the 2014 Stock Incentive Plan. An expense of $26 was recorded at the grant date based on the market price of the issued shares on the grant date. On June 30, 2016, we entered into a Standby Equity Distribution Agreement, or the SEDA, with YA II PV Ltd., or YA II, a Cayman Island exempt limited partnership and an affiliate of Yorkville Advisors Global, LLC, for the sale of up to $2.39 million of shares of the Company’s common stock, par value $0.001 per share, over a three-year commitment period. Under the terms of the SEDA, the Company may from time to time, in its discretion, sell newly-issued shares of its common stock to YA II at a discount to market of 1.5%. The Company expects to issue shares of common stock under the SEDA pursuant to its effective Registration Statement on Form S-3 (Registration No. 333-196760), or the Registration Statement. The Company is not obligated to utilize any of the funds available under the SEDA and there are no minimum commitments or minimum use penalties. The total amount of funds that ultimately can be raised under the SEDA over the three-year term will depend on the market price for the Company’s common stock and the number of shares actually sold. The SEDA does not impose any restrictions on the Company’s operating activities. During the term of the SEDA, YA II is prohibited from engaging in any short selling or hedging transactions related to the Company’s common stock. As of December 31, 2016, the Company sold YA II an aggregate of 506,371 shares of its common stock for an aggregate sale amount of $768 pursuant to the SEDA and under the Registration Statement. The aggregate issuance costs amounted to $188.

Segment Reporting

Segment Reporting	12 Months Ended
	Dec. 31, 2016
Segment Reporting [Abstract]
SEGMENT REPORTING	NOTE 14 — SEGMENT REPORTING The Company accounts for its segment information in accordance with the provisions of ASC 280-10, “Segment Reporting” (“ASC 280-10”). ASC 280-10 establishes annual and interim reporting standards for operating segments of a company. ASC 280-10 requires disclosures of selected segment-related financial information about products, major customers, and geographic areas based on the Company’s internal accounting methods. Operating segments are based upon our internal organization structure, the manner in which our operations are managed and the availability of separate financial information. We have two operating segments: defense and aerospace segment conducted by Enertec and MRM conducted by Micronet. Summarized financial information by segment for the years ended December 31, 2016 and 2015: Summarized financial information by segment for the years ended December 31, 2016, based on the Company’s internal financial reporting system utilized by the Company’s chief operating decision makers, follows: Defense and aerospace Mobile resource management Consolidated Revenues from external customers $ 9,464 $ 13,284 $ 22,748 Segment operating income (loss) (983 ) (1) (4,527) (5,510 ) Non allocated expenses (1,460 ) Finance expenses, net (672 ) Consolidated loss before provision for income taxes $ (7,642 ) (1) Includes $926 of intangible assets amortization, derived from Micronet and Micronet Inc. acquisitions. Revenue from the Company’s major customers representing 10% or more of total revenue for the years ended December 31, 2016 and 2015 were as follows: Year ended 2016 2015 Customer A 34 % 30 % Customer B 13 % 11 % Revenue from customers in the geographic regions based on the location of customers’ headquarters is as follows: Year ended 2016 2015 United States $ 9,867 $ 12,116 Israel 9,645 9,150 Other 3,236 2,321 Total $ 22,748 $ 23,587

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2016
Commitments and Contingencies [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 15 — COMMITMENTS AND CONTINGENCIES Lease commitments- Micronet’s short term lease expires in June 2017. Accrual rent fee is approximately $77 per year including a property management fee. Micronet Inc.'s lease was extended on a month by month basis in May 2016 until either party provides written three month notice to the other. Its accrual rent fee is approximately $200 per year. Enertec’s properties consist of leased combined office and manufacturing facilities used for sales, support, research and development, manufacturing, and our headquarters (management and administrative personnel) and are located in Karmiel, Israel. Annual rent is approximately $237 per year. The lease term expires in June 2021, subject to two five-year extension options and early termination provision after five years, which we hold. At December 31, 2016, total minimum cars and lease rentals under non-cancelable operating leases with an initial or remaining lease term of one year or more are as follows: Year Ending December 31, Amount 2017 $ 727 2018 307 2019 271 2020 $ 237 Legal proceedings We are not subject to any pending or threatened legal proceedings, nor is our property the subject of a pending or threatened legal proceeding. None of our directors, officers or affiliates is involved in a proceeding adverse to our business or has a material interest adverse to our business. Covenants ● Enertec has covenanted under its bank loans at June 30 and December 31 of each year, among other things that (1) its shareholder’s equity according to its financial statements will not fall below NIS 17 million, and (2) its shareholder’s equity will not be lower than 30% of the total liabilities on its balance sheet. Enertec has not met all of its bank covenants as of December 31, 2016; As a result the Company reclassified its loans from long-term to short-term liabilities. Certain restricted cash is used as collateral to secure the loans. ● Enertec Electronics has covenants under its bank loan mainly in respect of separate financial statements equity of not less than 32.5% of total assets. Enertec Electronics has met all of its bank covenants as of December 31, 2016. . The restricted cash stands as collateral for the loan. ● In addition, Micronet has undertaken under its bank loan documents the following financial covenants: (i) a cash and marketable securities balance of not less than 15,000 NIS; (ii) a minimum equity of 30,000 NIS and (iii) total solvency ratio of not less than 30%. Micronet has not met all of its bank covenants as of December 31, 2016. After the end of the reporting period, Micronet repaid all of its loans to the bank. Chief Scientist In April 2013, Micronet submitted to the Israeli Office of the Chief Scientist of the Ministry of Economy, or OCS, a request for financial support within a framework of a research and development program for a new product. In September 2013, a grant to Micronet in a total amount of NIS 5.5 million (approximately $1.5 million) was approved by the OCS. This grant was provided by the OCS for a period of one year (starting April 2013) at a level of 30% from the aforementioned amount. In addition, during 2014 Micronet received further confirmation for a grant from the OCS in the total amount of NIS 5.5 million (approximately $1.5 million). This grant was provided by the OCS for a period of one year (starting April 2014) at a level of 40% from the aforementioned amount. In addition, during 2015 Micronet received further confirmation for a grant from the OCS in the total amount of NIS 5.1 million (approximately $1.3 million) at a level of 40% from the aforementioned amount. Micronet is obligated to pay royalties to the OCS amounting to 3%-3.5% of the sales of the products and other related revenues generated from such projects linked to the dollar plus Libor interest rate To date, Micronet has received an aggregate of NIS 5.6 million (approximately $1.4) from the OCS under these three grants.

Supplementary Financial Stateme

Supplementary Financial Statements Information	12 Months Ended
	Dec. 31, 2016
Supplementary Financial Statements Information [Abstract]
SUPPLEMENTARY FINANCIAL STATEMENTS INFORMATION	NOTE 16 — SUPPLEMENTARY FINANCIAL STATEMENTS INFORMATION A. Other accounts receivable: December 31, 2016 2015 Prepaid expenses $ 128 $ 311 Government departments and agencies 65 280 Deferred taxes 580 482 Others 126 512 $ 899 $ 1,585 B. Other Accounts Payable: December 31, 2016 2015 Employees and wage-related liabilities $ 1,188 $ 1,188 Government departments and agencies 409 345 Accrued expenses 650 705 Other current liabilities 136 246 $ 2,383 $ 2,484 C. Earnings (loss) per Share: Basic and diluted earnings (losses) per share were computed based on the average number of shares outstanding during each year. The following table sets forth the computation of basic and diluted net earnings (losses) per share attributable to Micronet Enertec: Year ended 2016 2015 Numerator: Amount for basic earnings per share $ (5,807 ) $ (2,467 ) Effect of dilutive instruments - - Amount for diluted earnings per share (5,807 ) (2,467 ) Denominator: Denominator for basic earnings per share - weighted average of shares 5,966,662 5,861,630 Basic earnings per share attributed to Micronet Enertec stockholders $ (0.97 ) $ (0.42 )

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2016
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 17 — SUBSEQUENT EVENTS 1. On January, 2017, the Company issued 6,750 restricted shares to a service provider under the 2014 Stock Incentive Plan. An expense of $26 was recorded at the grant date based on the market price of the issued shares on the grant date. 2. On February 19, 2017 Micronet Ltd., ("Micronet") our subsidiary in which we have a controlling interest, filled an immediate report in the Tel Aviv Stock Exchange announcing its intention to raise equity funds pursuant to a public offering to be consummated pursuant to Micronet's in effect shelf prospectus effective as of February 2014 (the "Transaction").On February 23, 2017 Micronet filled an immediate report in the Tel Aviv Stock Exchange announcing the results of the Transaction. A total of 6, 100,000 shares of the company common stock in value of NIS 0.1 per share where offered to the public, 5,468,900 shares were sold pursuant to the transaction. The net proceeds from this offering will be approximately NIS 9,844,020.00 million . 3. On February 09, 22 and March 15, 2017 the Company offered YA II 39,062, 28,985 and 30,769 shares of its common stock, respectively, for a total sale amount of $130 pursuant to the SEDA and under the Registration Statement. 4. On March __ the company's BOD approved a spinoff of the aerospace and defense division of the company into a stand-alone entity. Upon completion, the Company's shareholders will own 100% of the outstanding shares of common stock in the NEW CO, on a pro-rata basis. The spin-off is subject to certain customary conditions. Shareholder approval of the spin-off is not required. The company intend to file a Form 10 and it is pending the SEC approval. Immediately after the distribution becomes effective by the SEC, the NEW CO will be an independent company, which we intend to have the NEWCO stock traded on the OTCQB.

Summary of Significant Accoun25

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2016
Summary of Significant Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying consolidated financial statements are prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”). The consolidated financial statements include the financial statements of the Company and its wholly owned subsidiaries. All significant inter-company transactions and balances among the Company and its subsidiaries are eliminated upon consolidation.
Functional Currency	Functional Currency The functional currency of Micronet Enertec is the U.S. dollar. The functional currency of certain subsidiaries is their local currency. The financial statements of those companies are included in consolidation, based on translation into U.S. dollars. Assets and liabilities are translated at year-end-exchange rates, while revenues and expenses are translated at monthly average exchange rates during the year. Differences resulting from translation are presented in the consolidated statements of comprehensive income.
Use of Estimate	Use of Estimate The preparation of the 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 dates of the financial statements and the reported amounts of revenue and expenses during the reporting periods. Actual results could differ from those estimates.
Principles of Consolidation	Principles of Consolidation The consolidated financial statements comprise the Company and its subsidiaries. Control is the power to govern the financial and operating policies of an entity so as to obtain benefits from its operating activities. In assessing control, legal and contractual rights, are taken into account. The consolidated financial statements of subsidiaries are included in the consolidated financial statements from the date that control is achieved until the date that control is lost. Intercompany transactions and balances are eliminated upon consolidation.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash equivalents are considered by the Company to be highly-liquid investments, including inter-alia, short-term deposits with banks, of which do not exceed maturities of three months at the time of deposit and which are not restricted.
Investments in Marketable Securities	Investments in Marketable Securities Management determines the appropriate classification of its investments at the time of purchase and reevaluates such determinations at each balance sheet date. Investments in marketable securities are classified as “trading,” and unrealized gains or losses are reported in the statement of income.
Revenue Recognition	Revenue Recognition The Company’s subsidiary Enertec enters into long-term fixed-price contracts with customers to manufacture test systems, simulators, and airborne applications. Revenues on these long-term fixed-price contracts are recognized under the percentage-of-completion method. In using the percentage of completion method, revenues are generally recorded based on the percentage of cost incurred to date on a contract relative to the estimated total expected contract cost. Management uses historical experience, project plans and an assessment of the risks and uncertainties inherent in the arrangement to establish the total estimated costs. The percentage of completion is established by the costs incurred to date as a percentage of the estimated total costs of each contract (cost-to-cost method). Contract costs include all direct material and labor costs. The Company recognizes revenues on a project when persuasive evidence of an arrangement exists, recoverability is probable, and project costs are incurred. The Company recognizes anticipated contract losses, if any, in the period in which they first became evident. As of December 31, 2016, approximately $4,805 (on December 31, 2015: $4,500) of the accounts receivable balance was unbilled due to the customers’ payment terms. Revenues from the sales of MRM products are recognized when persuasive evidence of an arrangement exists; delivery has occurred, consideration is fixed and determinable; and collection of the resulting receivable is reasonably assured. The title and risk of loss passes to the customer, delivery has occurred and acceptance is satisfied as the product leaves the Company premises.
Allowance for Doubtful Accounts	Allowance for Doubtful Accounts The Company establishes an allowance for doubtful accounts to ensure trade and financing receivables are not overstated due to uncollectability. The allowance for doubtful accounts was based on specific receivables, which their collection, in the opinion of Company’s management, is in doubt. Trade receivables are charged off in the period in which they are deemed to be uncollectible. As of December 31, 2016 and 2015, the allowance for doubtful accounts amounted to $563 and $1,288, respectively.
Reclassifications	Reclassifications Certain balance sheet amounts and cash flow have been reclassified to comfort with the current year presentation.
Inventories	Inventories Inventories of raw materials are stated at the lower of cost (first-in, first-out basis) or realizable value. Cost of work in process comprise direct materials, direct production costs and an allocation of production overheads based on normal operating capacity.
Property and Equipment	Property and Equipment Property and equipment are stated at cost, net of accumulated depreciation. Depreciation is calculated by the straight-line method over their estimated useful lives. Annual rates of depreciation are as follows: Leasehold improvements Over the shorter of the lease term or the life of the assets Machinery and equipment 7-14 years Furniture and fixtures 10-14 years Transportation equipment 7 years Computer equipment 3 years
Stock Based Compensation	Stock Based Compensation The Company accounts for stock based compensation under the fair market value method under which compensation cost is measured at the grant date based on the value of the award and is recognized over the service period, which is usually the vesting period. For stock options, fair value is determined using an option-pricing model that takes into account the stock price at the grant date, the exercise price, the expected life of the option, the volatility of the underlying stock, the expected dividends on it, and the risk-free interest rate over the expected life of the option.
Research and Development Costs	Research and Development Costs Research and development costs are charged to statements of income as incurred net of grants from the Israel Innovation Authority (IIA)(formerly known as the Israel Office of the Chief Scientist of the Ministry of Economy .
Loss per Share	Loss per Share Basic net earnings per share are computed based on the weighted average number of ordinary shares outstanding during each year.
Long-Lived Assets and Intangible assets	Long-Lived Assets and Intangible assets Intangible assets that are not considered to have an indefinite useful life are amortized using the straight-line basis over their estimated useful lives. The Company evaluates property and equipment and purchased intangible assets with finite lives for impairment whenever events or changes in circumstances indicate the carrying value of an asset may not be recoverable. The Company assesses the recoverability of the assets based on the undiscounted future cash flow and recognizes an impairment loss when the estimated undiscounted future cash flow expected to result from the use of the asset plus the net proceeds expected from disposition of the asset, if any, are less than the carrying value of the asset. When the Company identifies an impairment, it reduces the carrying amount of the asset to its estimated fair value based on a discounted cash flow approach or, when available and appropriate, to comparable market values. During the years ended December 31, 2016 and 2015, no indicators of impairment have been identified.
Goodwill	Goodwill Goodwill represents the excess of the purchase price in a business combination over the fair value of net tangible and intangible assets acquired. Goodwill is not amortized, but rather is subject to an annual impairment test. The Company has two operating segments: Mobile Resource Management and Defense and Aerospace. The goodwill was allocated to one reporting unit which included in the MRM division. The goodwill impairment tests are conducted in two steps. In the first step, the Company determines the fair value of the reporting unit. If the net book value of the reporting unit exceeds its fair value, the Company would then perform the second step of the impairment test which requires allocation of the reporting unit’s fair value of all of its assets and liabilities in a manner similar to an acquisition cost allocation, with any residual fair value being allocated to goodwill. The implied fair value of the goodwill is then compared to the carrying value to determine impairment, if any.
Comprehensive Income (Loss)	Comprehensive Income (Loss) Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 220-10, “Reporting Comprehensive Income,” requires the Company to report in its consolidated financial statements, in addition to its net income, comprehensive income (loss), which includes all changes in equity during a period from non-owner sources including, as applicable, foreign currency items, and other items. The Company’s other comprehensive income for all periods presented is related to the translation from functional currency to the presentation currency.
Income Taxes	Income Taxes Deferred taxes are determined utilizing the “asset and liability” method, whereby deferred tax asset and liability account balances are determined based on differences between financial reporting and the tax bases of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company provides a valuation allowance, when it’s more likely than not that deferred tax assets will not be realized in the foreseeable future. Deferred tax liabilities and assets are classified as current or non-current based on the expected reversal dates of the specific temporary differences. The Company applied FASB ASC Topic 740-10-25, “Income Taxes,” which provides guidance for recognizing and measuring uncertain tax positions and prescribes a threshold condition that a tax position must meet for any of the benefits of the uncertain tax position to be recognized in the financial statements. It also provides accounting guidance on derecognizing, classification and disclosure of these uncertain tax positions. The Company’s policy on classification of all interest and penalties related to unrecognized income tax positions, if any, is to present them as a component of income tax expense.
Financial Instruments	Financial Instruments 1. Concentration of credit risks: Financial instruments that have the potential to expose the Company to credit risks are mainly cash and cash equivalents, bank deposit accounts, marketable securities and trade receivables. The Company holds cash and cash equivalents, securities and deposit accounts at large banks in Israel, thereby substantially reducing the risk of loss. With respect to trade receivables, the risk is limited due to the geographically spreading, nature and size of the entities that constitute the Company’s customer base. The Company assesses the financial position of its customers prior to the engagement with them. The Company performs ongoing credit evaluations of its customers for the purpose of determining the appropriate allowance for doubtful accounts and generally does not require collateral. An appropriate allowance for doubtful accounts is included in the accounts. 2. Fair value measurement: The Company measures fair value and discloses fair value measurements for financial and non-financial assets and liabilities. Fair value is based on the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The accounting standard establishes a fair value hierarchy that prioritizes observable and unobservable inputs used to measure fair value into three broad levels, which are described below: Level 1: Quoted prices (unadjusted) in active markets that are accessible at the measurement date for assets or liabilities. The fair value hierarchy gives the highest priority to Level 1 inputs. Level 2: Observable prices that are based on inputs not quoted on active markets, but corroborated by market data. Level 3: Unobservable inputs are used when little or no market data is available. The fair value hierarchy gives the lowest priority to Level 3 inputs. In determining fair value, the Company utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible and considers counterparty credit risk in its assessment of fair value.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In February 2016, the FASB issued Accounting Standards Update (ASU) No. 2016-02, which supersedes the lease accounting guidance in ASC 840, Leases. The new guidance requires lessees to recognize a right-of-use asset and a lease liability on the balance sheet for all leases with the exception of short-term leases. For lessees, leases will continue to be classified as either operating or finance leases in the income statement. Lessor accounting is similar to the current model but updated to align with certain changes to the lessee model. The amendments are effective for reporting periods (interim and annual) beginning after December 15, 2018, with early adoption permitted. The amendments must be adopted using a modified retrospective approach. The Company is currently evaluating the impact of the amended guidance on its consolidated financial statements, but does not except to have material impact. In August 2016, the FASB issued Accounting Standards Update (ASU) 2016-15. This update addresses whether to present certain specific cash flow items as operating, investing or financing activities. The amendments are effective for reporting periods (interim and annual) beginning after December 15, 2017. Early adoption is permitted. The amendments will be applied retrospectively to each period presented. The Company is currently evaluating the impact of the amended guidance on its consolidated financial statements, but does not except to have material impact. In November 2016, the FASB issued Accounting Standards Update (ASU) 2016-18. This updates provides guidance on the classification and presentation of changes in restricted cash or restricted cash equivalents in the statement of cash flows under Topic 230, Statement of Cash Flows. The amendments are effective for reporting periods (interim and annual) beginning after December 15, 2017, with early adoption permitted. The amendments will be applied retrospectively to each period presented. The Company is currently evaluating the impact of the amended guidance on its consolidated financial statements. In May 2014, the FASB issued ASU No. 2014-09, Revenue from contracts with customers (Topic 606). Under the new standard, revenue is recognized when a customer obtains control of promised goods or services and is recognized in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In addition, the standard requires disclosure of the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. The FASB has recently issued several amendments to the standard, including clarification on accounting for licenses of intellectual property, identifying performance obligations, principal versus agent considerations and other narrow technical corrections. The new revenue standard (and its related amendments) is effective for reporting periods (interim and annual) beginning after December 15, 2017, with early adoption permitted for reporting periods (interim and annual) beginning after December 15, 2016. The standard permits two methods of adoption: retrospectively to each reporting period presented (full retrospective method), or retrospectively with the cumulative effect of initially applying the guidance recognized at the date of initial application (the modified retrospective method). The Company is currently expecting to adopt the standard using the modified retrospective method. The Company is currently examining whether the control of the goods produced in long term contracts is transferred to the customer overtime.

Summary of Significant Accoun26

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2016
Summary of Significant Accounting Policies [Abstract]
Schedule of annual rates of depreciation	Leasehold improvements Over the shorter of the lease term or the life of the assets Machinery and equipment 7-14 years Furniture and fixtures 10-14 years Transportation equipment 7 years Computer equipment 3 years

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2016
Fair Value Measurements [Abstract]
Schedule of fair value measurements	Fair value measurements using input type December 31, 2016 Level 1 Level 2 Level 3 Total Cash and cash equivalents $ 668 - - 668 Restricted cash 4,488 - - 4,488 Marketable securities 2,978 - - 2,978 Derivative liability - (9 ) - (9 ) Derivative liability- phantom option - (4 ) - (4 ) $ 8,134 (13 ) - 8,121 Fair value measurements using input type December 31, 2015 Level 1 Level 2 Level 3 Total Cash and cash equivalents $ 2,361 $ - $ - $ 2,361 Restricted cash 4,135 - - 4,135 Marketable securities 5,643 - - 5,643 Derivative liability - (41 ) - (41 ) 12,139 $ (41 ) $ - $ 12,098

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Dec. 31, 2016
Inventories [Abstract]
Schedule of inventories	December 31, 2016 2015 Raw materials $ 5,103 $ 6,303 Work in process and finished product 655 1,154 $ 5,758 $ 7,457

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	12 Months Ended
	Dec. 31, 2016
Property and Equipment, Net [Abstract]
Summary of property and equipment	December 31, 2016 2015 Leasehold improvements $ 773 $ 839 Machinery and equipment 2,083 2,274 Furniture and fixtures 258 251 Transportation equipment 141 138 Computer equipment 1,343 1,234 4,598 4,736 Less accumulated depreciation (2,957 ) (2,920 ) $ 1,641 $ 1,816

Intangible Assets and Others,30

Intangible Assets and Others, Net (Tables)	12 Months Ended
	Dec. 31, 2016
Intangible Assets and Others, Net [Abstract]
Schedule of intangible assets	Useful life December 31, years 2016 2015 Original amount: Technology 5 $ 2,010 $ 2,010 Customer related intangible assets 3-5 3,470 3,470 $ 5,480 $ 5,480 Accumulated amortization: Technology 5 $ 1,154 $ 752 Customer related intangible assets 3-5 2,237 1,726 5 $ 3,391 $ 2,478 $ 2,089 $ 3,002 Prepaid lease expenses 205 206 Deferred tax assets 87 89 $ 2,381 $ 3,297
Summary of estimated future amortization of the intangible assets	2017 890 2018 846 2019 353 $ 2,089

Short Term Bank Loans (Tables)

Short Term Bank Loans (Tables)	12 Months Ended
	Dec. 31, 2016
Debt Disclosure [Abstract]
Schedule of short term bank loans	Interest rate as of Total short-term liabilities 2016 Linkage December 31, % basis 2016 2015 Due to banks Prime plus 0.7%- Prime plus 2.45% NIS $ 9,045 $ 9,701 Current portion 948 1,311 $ 9,993 $ 11,012

Long Term Loans from Banks (Tab

Long Term Loans from Banks (Tables)	12 Months Ended
	Dec. 31, 2016
Debt Disclosure [Abstract]
Schedule of long term composition	Interest rate as of December 31, Total long-term liabilities, net of current portion 2016 Linkage December 31, % basis 2016 2015 Due to banks Prime plus 1.25%- Prime plus 2.45% NIS $ 2,041 $ 3,289 Less– current portion (948 ) (1,311 ) $ 1,093 $ 1,978
Summary of long term loans from banks	December 31, 2016 2015 First year (current portion) $ 948 $ 1,311 Second year 547 903 Third year 546 538 Fourth year and thereafter - 537 $ 2,041 $ 3,289

Accrued Severence Pay, Net (Tab

Accrued Severence Pay, Net (Tables)	12 Months Ended
	Dec. 31, 2016
Accrued Severence Pay, Net [Abstract]
Schedule of amounts funded with managers' insurance policies	December 31, 2016 2015 Accrued severance pay $ 1,585 $ 1,620 Less - amount funded (1,528 ) (1,568 ) $ 57 $ 52

Provision (Benefit) for Incom34

Provision (Benefit) for Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2016
Provision (Benefit) for Income Taxes [Abstract]
Schedule of provision (benefit) for taxes	Year ended 2016 2015 Current: Domestic $ - $ - Foreign (Israel) - 181 - 181 Taxes related to prior years (25 ) (43 ) Deferred: Deferred taxes, net (104 ) (219 ) Total provision for income taxes $ (129 ) $ (81 )
Schedule of reconciliation of income taxes	2016 2015 U.S. federal statutory rate 35 % 35 % Tax rate difference between U.S. and Israel (10 )% (8.5 )% Effect of Israeli tax rate benefit (17.5 )% (14 )% Effect of previous years - % (5 )% Change in valuation allowance - % (4.9 )% Others (5.9 )% - % Effective Tax Rate 1.6 % 2.6 %
Schedule of deferred tax assets and liabilities	December 31, 2016 2015 Net operating loss carry forward $ 3,343 $ 1,668 Provisions for employee rights and other temporary differences 209 91 Deferred tax assets before valuation allowance 3,552 1,759 Valuation allowance (2,887 ) (1,188 ) Deferred tax assets 665 571 Deferred tax liability 7 17 Deferred tax assets, net $ 658 $ 554

Related Parties (Tables)

Related Parties (Tables)	12 Months Ended
	Dec. 31, 2016
Related Parties [Abstract]
Schedule of transactions with related parties	Year ended December 31, 2016 2015 Consulting fee paid to controlling shareholder $ 386 $ 383 Stock based compensation granted to controlling shareholder 89 107 Total $ 475 $ 490

Shareholder's Equity (Tables)

Shareholder's Equity (Tables)	12 Months Ended
	Dec. 31, 2016
Shareholder's Equity [Abstract]
Summary of options outstanding and exercisable	Options Outstanding Options Exercisable Number Weighted Average Number Exercise Price Years $ 20,000 6.5 20,000 4.3 586,000 8 579,333 4.3 140,000 8.5 46,667 4.3 746,000 646,000
Summary of company's stock option activity	2016 2015 Number of Weighted Average Exercise Price Number of Weighted Average Exercise Price $ $ Options outstanding at the beginning of year 746,000 4.30 606,000 4.3 Changes during the year: Granted - - 140,000 4.3 Exercised - - - - Forfeited - - - - Options outstanding at end of year 746,000 4.3 746,000 4.3 Options exercisable at year-end 646,000 4.3 397,334 Weighted-average fair value of options granted during the year $ - $ 1.09

Segment Reporting (Tables)

Segment Reporting (Tables)	12 Months Ended
	Dec. 31, 2016
Segment Reporting [Abstract]
Schedule of company's internal financial reporting system	Defense and aerospace Mobile resource management Consolidated Revenues from external customers $ 9,464 $ 13,284 $ 22,748 Segment operating income (loss) (983 ) (1) (4,527) (5,510 ) Non allocated expenses (1,460 ) Finance expenses, net (672 ) Consolidated loss before provision for income taxes $ (7,642 ) (1) Includes $926 of intangible assets amortization, derived from Micronet and Micronet Inc. acquisitions.
Schedule of revenue from the company's major customers	Year ended 2016 2015 Customer A 34 % 30 % Customer B 13 % 11 %
Schedule of revenue from customers in the geographic regions	Year ended 2016 2015 United States $ 9,867 $ 12,116 Israel 9,645 9,150 Other 3,236 2,321 Total $ 22,748 $ 23,587

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2016
Commitments and Contingencies [Abstract]
Schedule of total minimum cars and lease rentals under non-cancelable operating leases	Year Ending December 31, Amount 2017 $ 727 2018 307 2019 271 2020 $ 237

Supplementary Financial State39

Supplementary Financial Statements Information (Tables)	12 Months Ended
	Dec. 31, 2016
Supplementary Financial Statements Information [Abstract]
Schedule of other accounts receivable	December 31, 2016 2015 Prepaid expenses $ 128 $ 311 Government departments and agencies 65 280 Deferred taxes 580 482 Others 126 512 $ 899 $ 1,585
Schedule of other accounts payable	December 31, 2016 2015 Employees and wage-related liabilities $ 1,188 $ 1,188 Government departments and agencies 409 345 Accrued expenses 650 705 Other current liabilities 136 246 $ 2,383 $ 2,484
Schedule of basic and diluted net earnings (losses)	Year ended 2016 2015 Numerator: Amount for basic earnings per share $ (5,807 ) $ (2,467 ) Effect of dilutive instruments - - Amount for diluted earnings per share (5,807 ) (2,467 ) Denominator: Denominator for basic earnings per share - weighted average of shares 5,966,662 5,861,630 Basic earnings per share attributed to Micronet Enertec stockholders $ (0.97 ) $ (0.42 )

Description of Business (Detail

Description of Business (Details)	Dec. 31, 2016
Micronet Ltd [Member]
Description of Business (Textual)
Ownership percentage	62.90%

Summary of Significant Accoun41

Summary of Significant Accounting Policies (Details)	12 Months Ended
	Dec. 31, 2016
Machinery and equipment [Member] | Minimum [Member]
Schedule of annual rates of depreciation
Property and equipment, estimated useful lives	7 years
Machinery and equipment [Member] | Maximum [Member]
Schedule of annual rates of depreciation
Property and equipment, estimated useful lives	14 years
Furniture and fixtures [Member] | Minimum [Member]
Schedule of annual rates of depreciation
Property and equipment, estimated useful lives	10 years
Furniture and fixtures [Member] | Maximum [Member]
Schedule of annual rates of depreciation
Property and equipment, estimated useful lives	14 years
Transportation equipment [Member]
Schedule of annual rates of depreciation
Property and equipment, estimated useful lives	7 years
Computer equipment [Member]
Schedule of annual rates of depreciation
Property and equipment, estimated useful lives	3 years

Summary of Significant Accoun42

Summary of Significant Accounting Policies (Details Textual) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Summary of Significant Accounting Policies (Textual)
Unbilled accounts receivables	$ 4,805	$ 4,500
Allowance for doubtful accounts	$ 563	$ 1,288

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Schedule of fair value measurements
Cash and cash equivalents	$ 668	$ 2,361
Restricted cash	4,488	4,135
Marketable securities	2,978	5,643
Derivative liability	(9)	(41)
Derivative liability- phantom option	(4)
Fair value measurements, Total	8,121	12,098
Level 1 [Member]
Schedule of fair value measurements
Cash and cash equivalents	668	2,361
Restricted cash	4,488	4,135
Marketable securities	2,978	5,643
Derivative liability
Derivative liability- phantom option
Fair value measurements, Total	8,134	12,139
Level 2 [Member]
Schedule of fair value measurements
Cash and cash equivalents
Restricted cash
Marketable securities
Derivative liability	(9)	(41)
Derivative liability- phantom option	(4)
Fair value measurements, Total	(13)	(41)
Level 3 [Member]
Schedule of fair value measurements
Cash and cash equivalents
Restricted cash
Marketable securities
Derivative liability
Derivative liability- phantom option
Fair value measurements, Total

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Schedule of inventories
Raw materials	$ 5,103	$ 6,303
Work in process and finished product	655	1,154
Inventories	$ 5,758	$ 7,457

Inventories (Details Textual)

Inventories (Details Textual) $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)
Inventories (Textual)
Inventory write off	$ 953

Property and Equipment, Net (De

Property and Equipment, Net (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Summary of property and equipment
Property and equipment, Gross	$ 4,598	$ 4,736
Less accumulated depreciation	(2,957)	(2,920)
Property and equipment, Net	1,641	1,816
Leasehold improvements [Member]
Summary of property and equipment
Property and equipment, Gross	773	839
Machinery and equipment [Member]
Summary of property and equipment
Property and equipment, Gross	2,083	2,274
Furniture and fixtures [Member]
Summary of property and equipment
Property and equipment, Gross	258	251
Transportation equipment [Member]
Summary of property and equipment
Property and equipment, Gross	141	138
Computer equipment [Member]
Summary of property and equipment
Property and equipment, Gross	$ 1,343	$ 1,234

Property and Equipment, Net (47

Property and Equipment, Net (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Property and Equipment, Net (Textual)
Depreciation expenses	$ 443	$ 481
Leasehold improvements [Member]
Property and Equipment, Net (Textual)
Accumulated depreciation	335
Machinery and equipment [Member]
Property and Equipment, Net (Textual)
Accumulated depreciation	$ 335

Intangible Assets and Others,48

Intangible Assets and Others, Net (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Finite-Lived Intangible Assets [Line Items]
Original amount	$ 5,480	$ 5,480
Accumulated amortization	$ 3,391	2,478
Accumulated amortization, Useful life years	5 years
Intangible assets, net	$ 2,089	3,002
Prepaid lease expenses	205	206
Deferred tax assets	87	89
Intangible assets and others, net	2,381	3,297
Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Original amount	$ 2,010	2,010
Useful life years	5 years
Accumulated amortization	$ 1,154	752
Accumulated amortization, Useful life years	5 years
Customer related intangible assets [Member]
Finite-Lived Intangible Assets [Line Items]
Original amount	$ 3,470	3,470
Accumulated amortization	$ 2,237	$ 1,726
Customer related intangible assets [Member] | Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Useful life years	5 years
Accumulated amortization, Useful life years	5 years
Customer related intangible assets [Member] | Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Useful life years	3 years
Accumulated amortization, Useful life years	3 years

Intangible Assets and Others,49

Intangible Assets and Others, Net (Details 1) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Summary of estimated future amortization of the intangible assets
2,017	$ 890
2,018	846
2,019	353
Intangible assets, net	$ 2,089	$ 3,002

Short Term Bank Loans (Details)

Short Term Bank Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Current portion	$ 948	$ 1,311
Total short-term liabilities	9,993	11,012
NIS [Member]
Debt Instrument [Line Items]
Due to banks	$ 9,045	$ 9,701
NIS [Member] | Minimum [Member]
Debt Instrument [Line Items]
Interest rate	0.70%
NIS [Member] | Maximum [Member]
Debt Instrument [Line Items]
Interest rate	2.45%

Short Term Bank Loans (Details

Short Term Bank Loans (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Short Term Bank Loans (Textual)
Short term bank	$ 9,993	$ 11,012
Current portion of long term loans	948	1,311
Short term bank loans	$ 9,993	$ 11,012
Description of short term bank loans interest rate	Short term bank loans that bear interest of prime plus 0.7% through prime plus 2.45% paid either on a monthly or weekly basis.	Short term bank loans that bear interest of prime plus 0.7% through prime plus 2.45% paid either on a monthly or weekly basis.
Short Term Loan [Member]
Short Term Bank Loans (Textual)
Short term bank	$ 9,045	$ 9,701

Long Term Loans from Banks (Det

Long Term Loans from Banks (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Less - current portion	$ (948)	$ (1,311)
Long-term loans from banks	1,093	1,978
NIS [Member]
Debt Instrument [Line Items]
Due to banks	$ 2,041	$ 3,289
NIS [Member] | Minimum [Member]
Debt Instrument [Line Items]
Interest rate	1.25%
NIS [Member] | Maximum [Member]
Debt Instrument [Line Items]
Interest rate	2.45%

Long Term Loans from Banks (D53

Long Term Loans from Banks (Details 1) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Summary of long-term loans from banks
First year (current portion)	$ 948	$ 1,311
Second year	547	903
Third year	546	538
Fourth year and thereafter		537
Long-term loans from banks	$ 2,041	$ 3,289

Loan from Others (Details)

Loan from Others (Details) - USD ($) $ / shares in Units, $ in Thousands	Sep. 02, 2015	Dec. 30, 2015	Dec. 31, 2016	Dec. 22, 2016	Oct. 28, 2016	Jun. 30, 2016	Apr. 30, 2013
Loan from Others (Textual)
Warrants exercise price							$ 6.25
Debt discount amount			$ 62
Note Purchase Agreements [Member]
Loan from Others (Textual)
Term of warrants			5 years
Purchase warrants of common stock			252,000
Warrants exercise price			$ 3
Outstanding principal balance				$ 1,000	$ 500	$ 600
Interest rate			7.00%
Meydan [Member]
Loan from Others (Textual)
Loan agreement amount		$ 750
Description of interest rate		The Meydan loan bears interest at the rate of Libor plus 8% and shall be repaid in 4 equal installments beginning on April 10, 2017.
Credit Line Agreement [Member]
Loan from Others (Textual)
Maximum aggregate amount of credit line agreement	$ 675
Financing percentage of each receivable invoice under credit line agreement	85.00%
Annual interest rate	1.75%
Credit line expiration date	Apr. 30, 2017
Line of credit	$ 669

Accrued Severence Pay, Net (Det

Accrued Severence Pay, Net (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Accrued Severence Pay, Net [Abstract]
Accrued severance pay	$ 1,585	$ 1,620
Less - amount funded	(1,528)	(1,528)
Accrued severance pay, net	$ 57	$ 52

Provision (Benefit) for Incom56

Provision (Benefit) for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Current:
Domestic
Foreign (Israel)		181
Current income tax expense benefit		181
Taxes related to prior years	(25)	(43)
Deferred:
Deferred taxes, net	(104)	(219)
Total provision for income taxes	$ (129)	$ (81)

Provision (Benefit) for Incom57

Provision (Benefit) for Income Taxes (Details 1)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Provision (Benefit) for Income Taxes [Abstract]
U.S. federal statutory rate	35.00%	35.00%
Tax rate difference between U.S. and Israel	(10.00%)	(8.50%)
Effect of Israeli tax rate benefit	(17.50%)	(14.00%)
Effect of previous years		(5.00%)
Change in valuation allowance		(4.90%)
Others	(5.90%)
Effective Tax Rate	1.60%	2.60%

Provision (Benefit) for Incom58

Provision (Benefit) for Income Taxes (Details 2) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Provision (Benefit) for Income Taxes [Abstract]
Net operating loss carry forward	$ 3,343	$ 1,668
Provisions for employee rights and other temporary differences	209	91
Deferred tax assets before valuation allowance	3,552	1,759
Valuation allowance	(2,887)	(1,188)
Deferred tax assets	665	571
Deferred tax liability	7	17
Deferred tax assets, net	$ 658	$ 554

Provision (Benefit) for Incom59

Provision (Benefit) for Income Taxes (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Provision (Benefit) for Income Taxes (Textual)
Income tax rate foreign subsidiary percentage	25.00%	26.50%
Uniform tax rates, description	Under the new legislation, the uniform tax rates are as follows: 2011 and 2012 - 15% (10% in preferred area), 2013 and 2014 - 12.5% (7% in preferred area) and in 2015 and thereafter - 12% (6% in preferred area).
General tax rate, description			The regular Israeli tax rate was 26.5% for Regular Entities and 16% or 9% for Preferred Enterprises (depending on the location of industry).
Operating loss carry forward	$ 4,921
Operating loss carry forward, expiration date	Dec. 31, 2022
Valuation allowance net operating loss carry forward percentage	100.00%
Micronet Ltd [Member]
Provision (Benefit) for Income Taxes (Textual)
Tax rate for preferred enterprises percentage	16.00%	16.00%
Enertec [Member]
Provision (Benefit) for Income Taxes (Textual)
Tax rate for preferred enterprises percentage	9.00%	9.00%
Israel [Member]
Provision (Benefit) for Income Taxes (Textual)
General tax rate, description	According to such law, in 2017 the general tax rate will decrease by 1% and starting 2018 by 2%; so that the tax rate will be 24% in 2017 and 23% in 2018 and onwards. In addition, the tax rate that applies to Preferred Enterprises in preferred area will be decreased by 1.5% to 7.5% starting January 1, 2017.

Related Parties (Details)

Related Parties (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Related Party Transaction [Line Items]
Total	$ 475	$ 490
Consulting fee paid to controlling shareholder [Member]
Related Party Transaction [Line Items]
Total	386	383
Stock based compensation granted to controlling shareholder [Member]
Related Party Transaction [Line Items]
Total	$ 89	$ 107

Related Parties (Details Textua

Related Parties (Details Textual)	Nov. 07, 2012USD ($)	Nov. 07, 2012ILS (₪)	Nov. 26, 2012USD ($)
Related Parties (Textual)
Description of agreement	Mr. Lucatz agreed to devote 60% of his time to Micronet matters for the three year term of the agreement and Micronet agreed to pay the entities controlled by Mr. Lucatz management fees of 65 NIS (approximately $16) on a monthly basis, and cover other monthly expenses.	Mr. Lucatz agreed to devote 60% of his time to Micronet matters for the three year term of the agreement and Micronet agreed to pay the entities controlled by Mr. Lucatz management fees of 65 NIS (approximately $16) on a monthly basis, and cover other monthly expenses.
Description of management and consulting services agreement			(i) management fees of $13 on a monthly basis, and cover other monthly expenses, (ii) an annual bonus of 3% of the amount by which the annual EBITDA for such year exceeds the average annual EBITDA for 2011 and 2010, and (iii) a one-time bonus of 0.5% of the purchase price of any acquisition or capital raising transaction, excluding the public offering contemplated at such time, completed by us during the term of the agreement.
Monthly management fees	$ 16	₪ 65	$ 13

Shareholder's Equity (Details)

Shareholder's Equity (Details)	12 Months Ended
	Dec. 31, 2016$ / sharesshares
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Options Outstanding, Number Outstanding	746,000
Options Exercisable, Number Exercisable	646,000
Exercise Price One [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Options Outstanding, Number Outstanding	20,000
Options Outstanding, Weighted Average Remaining Contractual Life	6 years 6 months
Options Exercisable, Number Exercisable	20,000
Options Exercisable, Exercise Price | $ / shares	$ 4.3
Exercise Price Two [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Options Outstanding, Number Outstanding	586,000
Options Outstanding, Weighted Average Remaining Contractual Life	8 years
Options Exercisable, Number Exercisable	579,333
Options Exercisable, Exercise Price | $ / shares	$ 4.3
Exercise Price Three [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Options Outstanding, Number Outstanding	140,000
Options Outstanding, Weighted Average Remaining Contractual Life	8 years 6 months
Options Exercisable, Number Exercisable	46,667
Options Exercisable, Exercise Price | $ / shares	$ 4.3

Shareholder's Equity (Details 1

Shareholder's Equity (Details 1) - $ / shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Changes during the year:
Number of Options outstanding at the beginning of year	746,000	606,000
Number of Options, Granted		140,000
Number of Options, Exercised
Number of Options, Forfeited
Number of Options outstanding at end of year	746,000	746,000
Number of Options exercisable at year-end	$ 4.3
Number of Options exercisable at year-end	646,000	397,334
Weighted Average Exercise Price, Options outstanding at the beginning of year	$ 4.30	$ 4.3
Weighted Average Exercise Price, Granted		4.3
Weighted Average Exercise Price, Exercised
Weighted Average Exercise Price, Forfeited
Weighted Average Exercise Price, Options outstanding at end of year	4.3	4.30
Weighted-average fair value of options granted during the year		$ 1.09

Shareholder's Equity (Details T

Shareholder's Equity (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	Apr. 30, 2016	Apr. 30, 2013	Jun. 30, 2016	May 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Oct. 31, 2015	Jul. 17, 2014
Shareholders Equity (Textual)
Expected dividend yield						0.00%
Expected volatility rate						39.00%
Risk-free interest rate						1.90%
Expected term						6 years 6 months
Underwritten public offering, shares		1,863,000
Stock and warrants underwritten to purchase Common Stock		931,500
Offering price per share		$ 5
Offering price per warrant		0.01
Warrants exercise price		$ 6.25
Warrants expiration date		Apr. 29, 2018
Gross proceeds of over-allotment option		$ 9,324
Issuance costs		$ 1,921
Standby Equity Distribution Agreement [Member]
Shareholders Equity (Textual)
Issuance costs					$ 188
Sale of stock, description			We entered into a Standby Equity Distribution Agreement, or the SEDA, with YA II PV Ltd., or YA II, a Cayman Island exempt limited partnership and an affiliate of Yorkville Advisors Global, LLC, for the sale of up to $2.39 million of shares of the Company's common stock, par value $0.001 per share, over a three-year commitment period. Under the terms of the SEDA, the Company may from time to time, in its discretion, sell newly-issued shares of its common stock to YA II at a discount to market of 1.5%.
Sale of stock, per share			$ 0.001
Aggregate of shares sold					506,371
Aggregate sale amount					$ 768
2012 Stock Incentive Plan [Member]
Shareholders Equity (Textual)
Number of shares authorized							1,000,000
Expiration term					10 years
Number of shares available for grant					254,000
Stock based compensation					$ 268	$ 306
2014 Stock Incentive Plan [Member]
Shareholders Equity (Textual)
Number of shares authorized								100,000
Number of shares available for grant					52,525
Restricted shares issued, Value	$ 26			$ 30
Number of restricted shares issued	13,500			8,975

Segment Reporting (Details)

Segment Reporting (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2016	Dec. 31, 2015
Schedule of internal financial reporting system
Revenues from external customers		$ 22,748	$ 23,587
Finance expenses, net		(672)	(610)
Consolidated loss before provision for income taxes		(7,642)	$ (3,131)
Defense and aerospace [Member]
Schedule of internal financial reporting system
Revenues from external customers		9,464
Segment operating income (loss)		(983)
Mobile resource management [Member]
Schedule of internal financial reporting system
Revenues from external customers		13,284
Segment operating income (loss)	[1]	(4,527)
Consolidated [Member]
Schedule of internal financial reporting system
Revenues from external customers		22,748
Segment operating income (loss)		(5,510)
Non allocated expenses		(1,460)
Finance expenses, net		(672)
Consolidated loss before provision for income taxes		$ (7,642)
[1]	Includes $926 of intangible assets amortization, derived from Micronet and Micronet Inc. acquisitions.

Segment Reporting (Details 1)

Segment Reporting (Details 1)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Customer A [Member]
Schedule of revenue from major customers
Risk percentage	34.00%	30.00%
Customer B [Member]
Schedule of revenue from major customers
Risk percentage	13.00%	11.00%

Segment Reporting (Details 2)

Segment Reporting (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Revenue from customers in geographic regions
Total	$ 22,748	$ 23,587
United States [Member]
Revenue from customers in geographic regions
Total	9,867	12,116
Israel [Member]
Revenue from customers in geographic regions
Total	9,645	9,150
Other [Member]
Revenue from customers in geographic regions
Total	$ 3,236	$ 2,321

Segment Reporting (Details Text

Segment Reporting (Details Textual) $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)Segments	Dec. 31, 2015USD ($)
Segment Reporting (Textual)
Number of operating segments | Segments	2
Amortization of intangible assets | $	$ 926	$ 1,118
Major customers	10% or more of total revenue.	10% or more of total revenue.

Commitments and Contingencies69

Commitments and Contingencies (Details) $ in Thousands	Dec. 31, 2016USD ($)
Year Ending December 31,
2,017	$ 727
2,018	307
2,019	271
2,020	$ 237

Commitments and Contingencies70

Commitments and Contingencies (Details Textual) ₪ in Millions	12 Months Ended
	Dec. 31, 2016USD ($)	Dec. 31, 2016ILS (₪)	Dec. 31, 2015USD ($)	Dec. 31, 2015ILS (₪)	Dec. 31, 2014USD ($)	Dec. 31, 2014ILS (₪)	Sep. 30, 2013USD ($)	Sep. 30, 2013ILS (₪)
Commitments and Contingencies (Textual)
Percentage of grant			40.00%	40.00%	40.00%	40.00%	30.00%	30.00%
Enertec Electronics [Member]
Commitments and Contingencies (Textual)
Covenants under its bank loan, description	Not less than 32.5% of total assets.	Not less than 32.5% of total assets.
Chief Scientist [Member]
Commitments and Contingencies (Textual)
Grants amount			$ 1,300,000	₪ 5.1	$ 1,500,000	₪ 5.5	$ 1,500,000	₪ 5.5
Grant revenue	$ 1,400	₪ 5.6
Chief Scientist [Member] | Minimum [Member]
Commitments and Contingencies (Textual)
Royalty percentage	3.00%	3.00%
Chief Scientist [Member] | Maximum [Member]
Commitments and Contingencies (Textual)
Royalty percentage	3.50%	3.50%
Micronet Inc.'s [Member]
Commitments and Contingencies (Textual)
Lease term expires	Jun. 30, 2017	Jun. 30, 2017
Annual rent expense	$ 200,000
Property management fee	$ 77,000
Covenants under its bank loan, description	(i) a cash and marketable securities balance of not less than 15,000 NIS; (ii) a minimum equity of 30,000 NIS and (iii) total solvency ratio of not less than 30%. Micronet has not met all of its bank covenants as of December 31, 2016.	(i) a cash and marketable securities balance of not less than 15,000 NIS; (ii) a minimum equity of 30,000 NIS and (iii) total solvency ratio of not less than 30%. Micronet has not met all of its bank covenants as of December 31, 2016.
Enertec's properties [Member]
Commitments and Contingencies (Textual)
Lease term expires	Jun. 30, 2021	Jun. 30, 2021
Annual rent expense	$ 237,000
Covenants under its bank loan, description	(1) its shareholder's equity according to its financial statements will not fall below NIS 17 million, and (2) its shareholder's equity will not be lower than 30% of the total liabilities on its balance sheet.	(1) its shareholder's equity according to its financial statements will not fall below NIS 17 million, and (2) its shareholder's equity will not be lower than 30% of the total liabilities on its balance sheet.
Lease term description	The lease term expires in June 2021, subject to two five-year extension options and early termination provision after five years	The lease term expires in June 2021, subject to two five-year extension options and early termination provision after five years

Supplementary Financial State71

Supplementary Financial Statements Information (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Other accounts receivable
Prepaid expenses	$ 128	$ 311
Government departments and agencies	65	280
Deferred taxes	580	482
Others	126	512
Other accounts receivable	$ 899	$ 1,585

Supplementary Financial State72

Supplementary Financial Statements Information (Details 1) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Other accounts payable
Employees and wage-related liabilities	$ 1,188	$ 1,188
Government departments and agencies	409	345
Accrued expenses	650	705
Other current liabilities	136	246
Other accounts payable	$ 2,383	$ 2,484

Supplementary Financial State73

Supplementary Financial Statements Information (Details 2) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Numerator:
Amount for basic earnings per share	$ (5,807)	$ (2,467)
Effect of dilutive instruments
Amount for diluted earnings per share	$ (5,807)	$ (2,467)
Denominator:
Denominator for basic earnings per share - weighted average of shares	5,966,622	5,861,630
Basic earnings per share attributed to Micronet Enertec stockholders	$ (0.97)	$ (0.42)

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent Event [Member] ₪ / shares in Units, $ in Thousands, ₪ in Millions	Mar. 15, 2017USD ($)shares	Feb. 09, 2017shares	Feb. 23, 2017ILS (₪)₪ / sharesshares	Feb. 22, 2017shares	Jan. 31, 2017USD ($)shares	Mar. 31, 2017
Micronet Ltd [Member]
Subsequent Events (Textual)
Issuance of shares, net, shares			6,100,000
Common stock price per share | ₪ / shares			₪ 0.1
Sale of common stock shares			5,468,900
Net proceeds from offering | ₪			₪ 9,844,020
Standby Equity Distribution Agreement [Member]
Subsequent Events (Textual)
Issuance of shares, net, shares	30,769	39,062		28,985
SEDA sale amount | $	$ 130
Percentage of shareholders						100.00%
2014 Stock Incentive Plan [Member]
Subsequent Events (Textual)
Restricted shares, issued					6,750
Grant date based expense | $					$ 26