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SIGNIFICANT ACCOUNTING POLICIES (Tables)
9 Months Ended
Sep. 30, 2020
Accounting Policies [Abstract]  
Schedule of Ownership Interests and Functional Currencies The ownership percentages and
functional currencies of the entities included in these condensed consolidated financial statements are as follows:
SubsidiariesFunctional Currency% Owned by XPEL, Inc.
XPEL, Ltd.UK Pound Sterling100 %*
Armourfend CAD, LLCUS Dollar100 %
XPEL Canada Corp.Canadian Dollar100 %
XPEL B.V.Euro100 %
XPEL Germany GmbHEuro100 %
XPEL de Mexico S. de R.L. de C.V.Peso100 %
XPEL Acquisition Corp.Canadian Dollar100 %
Protex Canada, Inc.Canadian Dollar100 %
Apogee Corp.New Taiwan Dollar100 %
XPEL SlovakiaEuro100 %
*Refer to Note 1 for information related to purchase of minority interest
Schedule of Product Warranty Liability The following tables present a summary of our accrued warranty liabilities for the nine months ended September 30, 2020 and the twelve months ended December 31, 2019:
2020
Warranty liability, January 1$65,591 
Warranties assumed in period211,622 
Payments(221,622)
Warranty liability, September 30$55,591 

2019
Warranty liability, January 1$70,250 
Warranties assumed in period384,214 
Payments(388,873)
Warranty liability, December 31$65,591