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v3.20.2

Acquisitions (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands |  |  |  | 1 Months Ended | 3 Months Ended | 9 Months Ended |
--- | --- | --- | --- | --- | --- | --- | ---
Oct. 03, 2019 | Jul. 30, 2019 | Jan. 30, 2019 | Apr. 30, 2019 | Sep. 30, 2020 | Jun. 30, 2020 | Mar. 31, 2020 | Sep. 30, 2019 | Jun. 30, 2019 | Mar. 31, 2019 | Sep. 30, 2020 | Sep. 30, 2019 | Jan. 11, 2019
Line of credit facility, borrowing capacity |  |  |  |  |  |  |  |  |  |  |  |  |
Stock issued during period for common stock acquisition |  |  |  |  |  |  |  |  |  |  |  |  |
Acquisition related expenses |  |  |  |  |  |  |  | $ 1,611 |  |  |  | $ 4,673 |
Common Stock [Member] |  |  |  |  |  |  |  |  |  |  |  |  |
Stock issued during period for common stock acquisition |  |  |  |  |  |  |  | 27,000 |  |  |  |  |
Pointer Transactions [Member] |  |  |  |  |  |  |  |  |  |  |  |  |
Cash consideration on merger, price | $ 8.50 |  |  |  |  |  |  |  |  |  |  |  |
Stock consideration on merger | $ 1,272,000 |  |  |  |  |  |  |  |  |  |  |  |
Total consideration of the transactions | $ 130,416 |  |  |  |  |  |  |  |  |  |  |  |
Pointer Transactions [Member] | Credit Agreement [Member] |  |  |  |  |  |  |  |  |  |  |  |  |
Line of credit facility, borrowing capacity | 30,000 |  |  |  |  |  |  |  |  |  |  |  |
Pointer Transactions [Member] | Series A Convertible Preferred Stock [Member] |  |  |  |  |  |  |  |  |  |  |  |  |
Total consideration of the transactions | $ 50,000 |  |  |  |  |  |  |  |  |  |  |  |
Total consideration of shares | 50,000 |  |  |  |  |  |  |  |  |  |  |  |
Pointer Transactions [Member] | Common Stock [Member] |  |  |  |  |  |  |  |  |  |  |  |  |
Total consideration of the transactions | $ 58,801 |  |  |  |  |  |  |  |  |  |  |  |
Total consideration of shares | 10,756,000 |  |  |  |  |  |  |  |  |  |  |  |
Pointer Transactions [Member] | Cash Paid at Closing [Member] |  |  |  |  |  |  |  |  |  |  |  |  |
Total consideration of the transactions | $ 71,874 |  |  |  |  |  |  |  |  |  |  |  |
Pointer Transactions [Member] | Share-based Awards [Member] |  |  |  |  |  |  |  |  |  |  |  |  |
Total consideration of the transactions | $ 461 |  |  |  |  |  |  |  |  |  |  |  |
Pointer Transactions [Member] | 2018 Plan [Member] |  |  |  |  |  |  |  |  |  |  |  |  |
Option to purchase transaction description | The Pointer Merger Effective Time, each award of options to purchase Pointer ordinary shares that was outstanding and unvested immediately prior to such time was cancelled and substituted with options to purchase shares of PowerFleet common stock under the Company's 2018 Incentive Plan on the same material terms and conditions as were applicable to the corresponding option immediately prior to the Pointer Merger Effective Time, except that (i) the number of shares of PowerFleet common stock underlying such substituted option is equal to the product of (A) the number of Pointer ordinary shares underlying such option immediately prior to the Pointer Merger Effective Time multiplied by (B) 2.544, with any fractional shares rounded down to the nearest whole number of shares of PowerFleet common stock, and (ii) the per-share exercise price is equal to the quotient obtained by dividing (A) the exercise price per Pointer ordinary share subject to such option immediately prior to the Pointer Merger Effective Time by (B) 2.544 (rounded up to the nearest whole cent). |  |  |  |  |  |  |  |  |  |  |  |
Fractional shares | 2,544,000 |  |  |  |  |  |  |  |  |  |  |  |
CarrierWeb US Acquisition [Member] |  |  |  |  |  |  |  |  |  |  |  |  |
Aggregate consideration for acquisition |  |  | $ 3,500 |  |  |  |  |  |  |  |  |  |
Closing cash payment |  |  | 2,800 |  |  |  |  |  |  |  |  |  |
Cash amount in acquisition |  |  | 2,150 |  |  |  |  |  |  |  |  |  |
Principal and interest outstanding |  |  |  |  |  |  |  |  |  |  |  |  | $ 650
Repayment of loan amount |  |  |  | $ 700 |  |  |  |  |  |  |  |  |
CarrierWeb Ireland Acquisitions [Member] |  |  |  |  |  |  |  |  |  |  |  |  |
Principal and interest outstanding |  |  | $ 300 |  |  |  |  |  |  |  |  |  |
CarrierWeb Ireland Acquisition [Member] |  |  |  |  |  |  |  |  |  |  |  |  |
Closing cash payment |  | $ 550 |  |  |  |  |  |  |  |  |  |  |
Stock issued during period for common stock acquisition |  | 127,000 |  |  |  |  |  |  |  |  |  |  |
Stock issued during the period for repayment of loans |  | 56,000 |  |  |  |  |  |  |  |  |  |  |
Stock issued during the period for repayment of loans, value |  | $ 300 |  |  |  |  |  |  |  |  |  |  |
Number of shares held back |  | 44,000 |  |  |  |  |  |  |  |  |  |  |
Estimated fair value of held back |  | $ 250 |  |  |  |  |  |  |  |  |  |  |
CarrierWeb Acquisitions [Member] |  |  |  |  |  |  |  |  |  |  |  |  |
Aggregate consideration for acquisition |  |  |  |  |  |  |  | $ 1,111 |  |  |  | 3,087 |
Acquisition related expenses |  |  |  |  |  |  |  | $ 15 |  |  |  | $ 145 |

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