XML 32 R4.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Income Statement [Abstract]    
Revenues $ 477 $ 14,162
Cost of revenues 846 10,652
Gross profit (loss) (369) 3,510
Operating expenses:    
Research and development 255 1,906
Selling and marketing 198 1,582
General and administrative 3,027 6,345
Impairment of goodwill 1,466
Amortization of intangible assets 20 1,298
Total operating expenses 3,500 12,597
Loss from operations (3,869) (9,087)
Share in investee losses 795
Gain from loss of control of subsidiary (299)
Finance expense, net 388 1,267
Loss before provision for income taxes (4,753) (10,354)
Taxes on income (benefit) (17) (606)
Net loss from continued operation (4,770) (10,960)
Net income from discontinued operation 4,894
Total Net Loss (4,770) (6,066)
Net loss attributable to non-controlling interests 553 3,456
Net loss attributable to MICT $ (4,217) $ (2,610)
Loss per share attributable to MICT:    
Basic and diluted loss per share from continued operation $ (0.39) $ (0.81)
Basic and diluted loss per share from discontinued operation $ (0.53)
Weighted average common shares outstanding:    
Basic and diluted 10,697,329 9,166,443