Wholly Owned Foreign Subsidiaries

12 Months Ended

Dec. 31, 2018

Wholly Owned Foreign Subsidiaries [Abstract]

Wholly Owned Foreign Subsidiaries

NOTE 18 - 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 Consolidated Statement of Operations are as follows:

	Year Ended December 31,
	2016		2017		2018
Net revenue	$	1,852,000	$	1,365,000	$	1,270,000
Net income (loss)		211,000		103,000		(406,000	)

Total assets of IDS GmbH were $1,086,000 and $1,430,000 as of December 31, 2017 and 2018, 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 consolidated statement of operations are as follows:

	Year Ended December 31,
	2016			2017		2018
Net revenue	$	296,000		$	577,000	$	186,000
Net (loss) income		(612,000	)		141,000		(340,000	)

Total assets of IDS Ltd were $1,187,000 and $1,054,000 as of December 31, 2017 and 2018, respectively. IDS Ltd operates in a local currency environment using the British Pound as its functional currency.