Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 9,707	$ 3,154
Restricted cash		45
Trade accounts receivable, net	305
Short-term loan to related party Micronet Ltd., net		281
Inventories, net	1,852
Other current assets	1,541	937
Total current assets	13,405	4,417
Property and equipment, net	689	29
Long term deposit	26
Right of use assets	310
Goodwill	2,618
Intangible assets and others, net	2,475
Restricted cash escrow	477	477
Micronet Ltd. equity method investment		994
Total long-term assets	6,595	1,500
Total assets	20,000	5,917
LIABILITIES AND EQUITY
Short term bank credit and current portion of long term bank loans	1,186
Short term credit from others	8,151
Trade accounts payable	1,193
Other current liabilities	1,865	290
Total current liabilities	12,395	290
Long term loans from others		1,856
Lease liability	102
Deferred tax liabilities	362
Long term escrow	477	477
Accrued severance pay	145	50
Total long term liabilities	1,086	2,383
Stockholders’ Equity:
Common stock; $0.001 par value, 25,000,000 shares authorized, 11,107,714 shares issued and outstanding as of June 30, 2020 and 11,089,532 shares issued and outstanding as of December 31, 2019, respectively	11	11
Additional paid in capital	14,198	14,107
Accumulated other comprehensive (loss)	164	70
Accumulated loss	(18,382)	(16,974)
MICT, Inc. stockholders’ equity	4,347	3,244
Non-controlling interests	2,172
Total equity	6,519	3,244
Total liabilities and equity	20,000	5,917
Series A Convertible Preferred Stock
Stockholders’ Equity:
Preferred stock value	3	2
Additional paid in capital - preferred stock	6,437	6,028
Total equity	3	2
Series B Convertible Preferred Stock
Stockholders’ Equity:
Preferred stock value	2	$ 0
Additional paid in capital - preferred stock	1,914
Total equity	$ 2