Wholly Owned Foreign Subsidiaries

9 Months Ended

Sep. 30, 2017

Wholly Owned Foreign Subsidiaries [Abstract]

Wholly Owned Foreign Subsidiaries

NOTE 20 - 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,
	2016		2017		2016		2017
Net revenue	$	311,000	$	799,000	$	1,779,000	$	1,250,000
Net income		41,000		185,000		590,000		240,000

Total assets of IDS GmbH were $1,012,000 and $1,472,000 as of December 31, 2016 and September 30, 2017, 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,
	2016			2017		2016			2017
Net revenue	$	70,000		$	100,000	$	211,000		$	507,000
Net (loss) income		(104,000	)		93,000		(368,000	)		172,000

Total assets of IDS Ltd were $1,130,000 and $1,216,000 as of December 31, 2016 and September 30, 2017, respectively. IDS Ltd operates in a local currency environment using the British Pound as its functional currency.