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WHOLLY OWNED FOREIGN SUBSIDIARIES
9 Months Ended
Sep. 30, 2011
Wholly Owned Foreign Subsidiaries [Abstract] 
Wholly Owned Foreign Subsidiaries [Text Block]
NOTE 20 — WHOLLY OWNED FOREIGN SUBSIDIARIES
 
In May 2009, the Company formed an entity in Germany called I.D. Systems, GmbH. This foreign entity is wholly owned by I.D. Systems, Inc. The GmbH financial statements are consolidated with the financial statements of I.D. Systems, Inc.
 
   
For the Three Months Ended
    
For the Nine Months Ended
  
   
September 30,
    
September 30,
  
   
2010
    
2011
    
2010
    
2011
  
Net revenue
  
$
71,000
    
$
123,000
    
$
459,000
    
$
692,000
  
                                 
Net loss
    
(120,000
) 
    
(154,000
)
    
(319,000
) 
    
(306,000
)
 
Total assets of GmbH were $1,051,000 and $971,000 as of December 31, 2010 and September 30, 2011, respectively. The GmbH operates in a local currency environment using the Euro as its functional currency.
 
In October 2009, the Company acquired Didbox Ltd. (“Didbox”). This foreign entity is wholly owned by I.D. Systems, Inc. and is headquartered in the United Kingdom. The Didbox financial statements are consolidated with the financial statements of I.D. Systems, Inc. as of the effective date of the acquisition.
 
   
For the Three Months Ended
    
For the Nine Months Ended
  
   
September 30,
    
September 30,
  
   
2010
    
2011
    
2010
    
2011
  
Net revenue
  
$
103,000
    
$
113,000
    
$
310,000
    
$
529,000
  
                                 
Net (loss) income
    
(14,000
)
    
(73,000
) 
    
(62,000
) 
    
(69,000
) 
 
Total assets of Didbox were $719,000 and $741,000 as of December 31, 2010 and September 30, 2011, respectively. Didbox operates in a local currency environment using the British Pound as its functional currency.
 
Income and expense accounts of foreign operations are translated at actual or weighted-average exchange rates during the period. Assets and liabilities of foreign operations that operate in a local currency environment are translated to U.S. dollars at the exchange rates in effect at the balance sheet date, with the related translation gains or losses reported as components of accumulated other comprehensive income/loss in consolidated stockholders’ equity. Net exchange gains or losses resulting from the translation of foreign financial statements and the effect of exchange rate changes on intercompany transactions of a long-term investment nature with the GmbH resulted in translation (loss) gain of $(35,000) and $33,000 for the nine months ended September 30, 2010 and 2011, respectively, which is included in comprehensive loss in the consolidated statement of changes in stockholders’ equity.
 
Gains and losses resulting from foreign currency transactions are included in determining net income or loss. Foreign currency transactions gains (losses) for the three- and nine-month periods ended September 30, 2010 of $21,000 and $(12,000), respectively, and for the three- and nine-month periods ended September 30, 2011 of $(22,000) and $6,000, respectively, are included as an offset to selling, general and administrative expenses in the condensed consolidated statement of operations.