Wholly Owned Foreign Subsidiaries

9 Months Ended

Sep. 30, 2016

Wholly Owned Foreign Subsidiaries [Abstract]

Wholly Owned Foreign Subsidiaries

NOTE 19 - WHOLLY OWNED FOREIGN SUBSIDIARIES

The financial statements of the Company’s wholly owned German subsidiary, IDS GmbH, and United Kingdom subsidiary, IDS Ltd, are consolidated with the financial statements of I.D. Systems, Inc.

The net revenue and net loss for IDS GmbH included in the Condensed Consolidated Statement of Operations are as follows:

	For the Three Months Ended					For the Nine Months Ended
	September 30,					September 30,
	2015			2016		2015		2016
Net revenue	$	157,000		$	311,000	$	1,032,000	$	1,779,000
Net income (loss)		(209,000	)		41,000		(245,000		590,000

Total assets of IDS GmbH were $2,549,000 and $1,356,000 as of December 31, 2015 and September 30, 2016, respectively. IDS GmbH operates in a local currency environment using the Euro as its functional currency.

The net revenue and net loss for IDS Ltd included in the Condensed Consolidated Statement of Operations are as follows:

	For the Three Months Ended						For the Nine Months Ended
	September 30,						September 30,
	2015			2016			2015			2016
Net revenue	$	89,000		$	70,000		$	374,000		$	211,000
Net loss		(120,000	)		(104,000	)		(199,000	)		(368,000	)

Total assets of IDS Ltd were $1,317,000 and $1,111,000 as of December 31, 2015 and September 30, 2016, respectively. IDS Ltd operates in a local currency environment using the British Pound as its functional currency.