2022 Q4 Form 10-Q Financial Statement
#000121390022071670 Filed on November 14, 2022
Income Statement
Concept | 2022 Q4 | 2022 Q3 | 2021 Q4 |
---|
Balance Sheet
Concept | 2022 Q4 | 2022 Q3 | 2021 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $500.3M | $68.35M | $94.93M |
YoY Change | 427.02% | -35.08% | 227.34% |
Cash & Equivalents | $500.3M | $70.74M | $97.35M |
Short-Term Investments | |||
Other Short-Term Assets | $5.828M | $10.32M | $9.554M |
YoY Change | -39.0% | 1.03% | 430.78% |
Inventory | $10.39M | ||
Prepaid Expenses | $1.019M | $797.0K | $1.715M |
Receivables | $11.54M | $9.084M | $17.88M |
Other Receivables | $13.49M | $10.26M | $5.134M |
Total Short-Term Assets | $531.2M | $96.29M | $127.5M |
YoY Change | 316.62% | -30.39% | 282.87% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $855.1M | $611.0K | $677.0K |
YoY Change | 126210.93% | -81.42% | 62.35% |
Goodwill | $101.2M | $19.79M | $19.79M |
YoY Change | 411.66% | ||
Intangibles | $185.4M | $19.06M | $21.44M |
YoY Change | 764.69% | ||
Long-Term Investments | $700.0K | $924.0K | $1.481M |
YoY Change | -52.73% | -47.62% | -50.63% |
Other Assets | $6.400M | $5.789M | $5.005M |
YoY Change | 27.87% | 2979.26% | 615.0% |
Total Long-Term Assets | $1.151B | $47.88M | $50.31M |
YoY Change | 2188.0% | 9.23% | 13.32% |
TOTAL ASSETS | |||
Total Short-Term Assets | $531.2M | $96.29M | $127.5M |
Total Long-Term Assets | $1.151B | $47.88M | $50.31M |
Total Assets | $1.682B | $144.2M | $177.8M |
YoY Change | 846.15% | -20.85% | 128.84% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $11.09M | $8.536M | $14.42M |
YoY Change | -23.06% | -53.91% | 1702.0% |
Accrued Expenses | $2.431M | $1.025M | $1.298M |
YoY Change | 87.29% | -34.84% | |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $460.0K | $761.0K | $1.657M |
YoY Change | -72.24% | ||
Long-Term Debt Due | $500.0K | $761.0K | $1.657M |
YoY Change | -69.82% | 84.11% | |
Total Short-Term Liabilities | $265.4M | $19.67M | $25.39M |
YoY Change | 945.27% | -22.37% | 262.71% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $400.0K | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $1.000M | $812.0K | $747.0K |
YoY Change | 33.87% | -31.53% | -6.63% |
Total Long-Term Liabilities | $90.93M | $4.152M | $4.699M |
YoY Change | 1835.07% | 250.08% | 487.38% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $265.4M | $19.67M | $25.39M |
Total Long-Term Liabilities | $90.93M | $4.152M | $4.699M |
Total Liabilities | $356.3M | $23.82M | $30.09M |
YoY Change | 1084.23% | -20.19% | 91.65% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$123.5M | -$107.1M | -$76.39M |
YoY Change | 61.61% | ||
Common Stock | $158.0K | $129.0K | $122.0K |
YoY Change | 29.51% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $770.6M | $117.4M | $144.1M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $1.682B | $144.2M | $177.8M |
YoY Change | 846.15% | -20.85% | 128.84% |
Cashflow Statement
Concept | 2022 Q4 | 2022 Q3 | 2021 Q4 |
---|
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.24 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.26 | ||
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
109222674 | shares | |
CY2021Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
121419308 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
126184400 | shares | |
dei |
Entity Address Postal Zip Code
EntityAddressPostalZipCode
|
07645 | ||
dei |
City Area Code
CityAreaCode
|
(201) | ||
dei |
Local Phone Number
LocalPhoneNumber
|
225-0190 | ||
dei |
Security12b Title
Security12bTitle
|
Common Stock, par value $0.001 per share | ||
dei |
Trading Symbol
TradingSymbol
|
MICT | ||
dei |
Security Exchange Name
SecurityExchangeName
|
NASDAQ | ||
dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Document Quarterly Report
DocumentQuarterlyReport
|
true | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2022-09-30 | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2022 | ||
dei |
Document Transition Report
DocumentTransitionReport
|
false | ||
dei |
Entity File Number
EntityFileNumber
|
001-35850 | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
MICT, INC. | ||
dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
DE | ||
dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
27-0016420 | ||
dei |
Entity Address Address Line1
EntityAddressAddressLine1
|
28 West Grand Avenue | ||
dei |
Entity Address Address Line2
EntityAddressAddressLine2
|
Suite 3 | ||
dei |
Entity Address City Or Town
EntityAddressCityOrTown
|
Montvale | ||
dei |
Entity Address State Or Province
EntityAddressStateOrProvince
|
NJ | ||
dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | ||
dei |
Entity Interactive Data Current
EntityInteractiveDataCurrent
|
Yes | ||
dei |
Entity Filer Category
EntityFilerCategory
|
Non-accelerated Filer | ||
dei |
Entity Small Business
EntitySmallBusiness
|
true | ||
dei |
Entity Emerging Growth Company
EntityEmergingGrowthCompany
|
false | ||
dei |
Entity Shell Company
EntityShellCompany
|
false | ||
CY2022Q4 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
129566207 | shares |
CY2022Q3 | us-gaap |
Cash
Cash
|
68351000 | usd |
CY2021Q4 | us-gaap |
Cash
Cash
|
94930000 | usd |
CY2022Q3 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
9084000 | usd |
CY2021Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
17879000 | usd |
CY2022Q3 | us-gaap |
Due From Related Parties Current
DueFromRelatedPartiesCurrent
|
8533000 | usd |
CY2021Q4 | us-gaap |
Due From Related Parties Current
DueFromRelatedPartiesCurrent
|
5134000 | usd |
CY2022Q3 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
10319000 | usd |
CY2021Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
9554000 | usd |
CY2022Q3 | us-gaap |
Assets Current
AssetsCurrent
|
96287000 | usd |
CY2021Q4 | us-gaap |
Assets Current
AssetsCurrent
|
127497000 | usd |
CY2022Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
611000 | usd |
CY2021Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
677000 | usd |
CY2022Q3 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
19059000 | usd |
CY2021Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
21442000 | usd |
CY2022Q3 | us-gaap |
Goodwill
Goodwill
|
19788000 | usd |
CY2021Q4 | us-gaap |
Goodwill
Goodwill
|
19788000 | usd |
CY2022Q3 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
1711000 | usd |
CY2021Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
1921000 | usd |
CY2022Q3 | us-gaap |
Deposits Assets Noncurrent
DepositsAssetsNoncurrent
|
508000 | usd |
CY2021Q4 | us-gaap |
Deposits Assets Noncurrent
DepositsAssetsNoncurrent
|
824000 | usd |
CY2022Q3 | us-gaap |
Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
|
2893000 | usd |
CY2021Q4 | us-gaap |
Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
|
1764000 | usd |
CY2022Q3 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
2388000 | usd |
CY2021Q4 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
2417000 | usd |
CY2022Q3 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
924000 | usd |
CY2021Q4 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
1481000 | usd |
CY2022Q3 | us-gaap |
Assets Noncurrent
AssetsNoncurrent
|
47882000 | usd |
CY2021Q4 | us-gaap |
Assets Noncurrent
AssetsNoncurrent
|
50314000 | usd |
CY2022Q3 | us-gaap |
Assets
Assets
|
144169000 | usd |
CY2021Q4 | us-gaap |
Assets
Assets
|
177811000 | usd |
CY2022Q3 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
761000 | usd |
CY2021Q4 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
1657000 | usd |
CY2022Q3 | us-gaap |
Accounts Payable Trade Current
AccountsPayableTradeCurrent
|
8536000 | usd |
CY2021Q4 | us-gaap |
Accounts Payable Trade Current
AccountsPayableTradeCurrent
|
14416000 | usd |
CY2022Q3 | us-gaap |
Other Long Term Debt
OtherLongTermDebt
|
1495000 | usd |
CY2021Q4 | us-gaap |
Other Long Term Debt
OtherLongTermDebt
|
3101000 | usd |
CY2022Q3 | us-gaap |
Due To Related Parties Current
DueToRelatedPartiesCurrent
|
728000 | usd |
CY2021Q4 | us-gaap |
Due To Related Parties Current
DueToRelatedPartiesCurrent
|
4000 | usd |
CY2022Q3 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
1025000 | usd |
CY2021Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
1298000 | usd |
CY2022Q3 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
7121000 | usd |
CY2021Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
4914000 | usd |
CY2022Q3 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
19666000 | usd |
CY2021Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
25390000 | usd |
CY2022Q3 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
763000 | usd |
CY2021Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
691000 | usd |
CY2022Q3 | us-gaap |
Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
|
3340000 | usd |
CY2021Q4 | us-gaap |
Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
|
3952000 | usd |
CY2022Q3 | us-gaap |
Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
|
49000 | usd |
CY2021Q4 | us-gaap |
Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
|
56000 | usd |
CY2022Q3 | us-gaap |
Liabilities Noncurrent
LiabilitiesNoncurrent
|
4152000 | usd |
CY2021Q4 | us-gaap |
Liabilities Noncurrent
LiabilitiesNoncurrent
|
4699000 | usd |
CY2022Q3 | us-gaap |
Liabilities
Liabilities
|
23818000 | usd |
CY2021Q4 | us-gaap |
Liabilities
Liabilities
|
30089000 | usd |
CY2022Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2021Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2022Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
250000000 | shares |
CY2021Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
250000000 | shares |
CY2022Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
129566207 | shares |
CY2022Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
129566207 | shares |
CY2021Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
122435576 | shares |
CY2021Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
122435576 | shares |
CY2022Q3 | us-gaap |
Common Stock Value
CommonStockValue
|
129000 | usd |
CY2021Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
122000 | usd |
CY2022Q3 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
224889000 | usd |
CY2021Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
220786000 | usd |
CY2022Q3 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-522000 | usd |
CY2021Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-414000 | usd |
CY2022Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-107088000 | usd |
CY2021Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-76394000 | usd |
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
117408000 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
144100000 | usd |
CY2022Q3 | us-gaap |
Minority Interest
MinorityInterest
|
2943000 | usd |
CY2021Q4 | us-gaap |
Minority Interest
MinorityInterest
|
3622000 | usd |
CY2022Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
120351000 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
147722000 | usd |
CY2022Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
144169000 | usd |
CY2021Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
177811000 | usd |
us-gaap |
Revenues
Revenues
|
35278000 | usd | |
us-gaap |
Revenues
Revenues
|
39791000 | usd | |
CY2022Q3 | us-gaap |
Revenues
Revenues
|
13757000 | usd |
CY2021Q3 | us-gaap |
Revenues
Revenues
|
18515000 | usd |
us-gaap |
Cost Of Revenue
CostOfRevenue
|
28746000 | usd | |
us-gaap |
Cost Of Revenue
CostOfRevenue
|
34436000 | usd | |
CY2022Q3 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
10563000 | usd |
CY2021Q3 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
15769000 | usd |
us-gaap |
Gross Profit
GrossProfit
|
6532000 | usd | |
us-gaap |
Gross Profit
GrossProfit
|
5355000 | usd | |
CY2022Q3 | us-gaap |
Gross Profit
GrossProfit
|
3194000 | usd |
CY2021Q3 | us-gaap |
Gross Profit
GrossProfit
|
2746000 | usd |
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
1509000 | usd | |
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
1015000 | usd | |
CY2022Q3 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
568000 | usd |
CY2021Q3 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
396000 | usd |
mict |
Selling And Marketing
SellingAndMarketing
|
-4873000 | usd | |
mict |
Selling And Marketing
SellingAndMarketing
|
-3874000 | usd | |
CY2022Q3 | mict |
Selling And Marketing
SellingAndMarketing
|
-1321000 | usd |
CY2021Q3 | mict |
Selling And Marketing
SellingAndMarketing
|
-1521000 | usd |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
30224000 | usd | |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
26039000 | usd | |
CY2022Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
9233000 | usd |
CY2021Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
6618000 | usd |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
2381000 | usd | |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
2301000 | usd | |
CY2022Q3 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
787000 | usd |
CY2021Q3 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
732000 | usd |
us-gaap |
Operating Expenses
OperatingExpenses
|
38987000 | usd | |
us-gaap |
Operating Expenses
OperatingExpenses
|
33229000 | usd | |
CY2022Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
11909000 | usd |
CY2021Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
9267000 | usd |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-32455000 | usd | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-27874000 | usd | |
CY2022Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-8715000 | usd |
CY2021Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-6521000 | usd |
us-gaap |
Gain Or Loss On Sale Of Stock In Subsidiary
GainOrLossOnSaleOfStockInSubsidiary
|
-557000 | usd | |
us-gaap |
Gain Or Loss On Sale Of Stock In Subsidiary
GainOrLossOnSaleOfStockInSubsidiary
|
636000 | usd | |
CY2022Q3 | us-gaap |
Gain Or Loss On Sale Of Stock In Subsidiary
GainOrLossOnSaleOfStockInSubsidiary
|
-186000 | usd |
CY2021Q3 | us-gaap |
Gain Or Loss On Sale Of Stock In Subsidiary
GainOrLossOnSaleOfStockInSubsidiary
|
799000 | usd |
us-gaap |
Other Income
OtherIncome
|
535000 | usd | |
us-gaap |
Other Income
OtherIncome
|
70000 | usd | |
CY2022Q3 | us-gaap |
Other Income
OtherIncome
|
-303000 | usd |
CY2021Q3 | us-gaap |
Other Income
OtherIncome
|
-13000 | usd |
mict |
Financial Expenses Net
FinancialExpensesNet
|
718000 | usd | |
mict |
Financial Expenses Net
FinancialExpensesNet
|
-61000 | usd | |
CY2022Q3 | mict |
Financial Expenses Net
FinancialExpensesNet
|
-371000 | usd |
CY2021Q3 | mict |
Financial Expenses Net
FinancialExpensesNet
|
-336000 | usd |
us-gaap |
Gain Loss On Investments
GainLossOnInvestments
|
-1934000 | usd | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-33195000 | usd | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-29041000 | usd | |
CY2022Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-8833000 | usd |
CY2021Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-5399000 | usd |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-1782000 | usd | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-410000 | usd | |
CY2022Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-701000 | usd |
CY2021Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-70000 | usd |
us-gaap |
Profit Loss
ProfitLoss
|
-31413000 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
-28631000 | usd | |
CY2022Q3 | us-gaap |
Profit Loss
ProfitLoss
|
-8132000 | usd |
CY2021Q3 | us-gaap |
Profit Loss
ProfitLoss
|
-5329000 | usd |
us-gaap |
Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
|
-719000 | usd | |
us-gaap |
Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
|
-446000 | usd | |
CY2022Q3 | us-gaap |
Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
|
-461000 | usd |
CY2021Q3 | us-gaap |
Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
|
-1000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-30694000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-28185000 | usd | |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-7671000 | usd |
CY2021Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-5328000 | usd |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.24 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.26 | ||
CY2022Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.06 | |
CY2021Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.05 | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
126184400 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
109222674 | shares | |
CY2022Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
129566207 | shares |
CY2021Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
121419308 | shares |
us-gaap |
Profit Loss
ProfitLoss
|
-31413000 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
-28631000 | usd | |
CY2022Q3 | us-gaap |
Profit Loss
ProfitLoss
|
-8132000 | usd |
CY2021Q3 | us-gaap |
Profit Loss
ProfitLoss
|
-5329000 | usd |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-108000 | usd | |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-127000 | usd | |
CY2022Q3 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-646000 | usd |
CY2021Q3 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-412000 | usd |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-31521000 | usd | |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-28758000 | usd | |
CY2022Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-8778000 | usd |
CY2021Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-5741000 | usd |
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
|
-679000 | usd | |
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
|
-643000 | usd | |
CY2022Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
|
-448000 | usd |
CY2021Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
|
-1000 | usd |
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-30842000 | usd | |
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-28115000 | usd | |
CY2022Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-8330000 | usd |
CY2021Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-5740000 | usd |
CY2020Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
65696000 | usd |
us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
9876000 | usd | |
us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
585000 | usd | |
us-gaap |
Stock Issued During Period Value Employee Benefit Plan
StockIssuedDuringPeriodValueEmployeeBenefitPlan
|
80000 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
-28631000 | usd | |
us-gaap |
Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
|
-150000 | usd | |
mict |
Loss Of Control Of Subsidiary
LossOfControlOfSubsidiary
|
-2989000 | usd | |
mict |
Issuance Of Shares Upon November Securities Purchase Agreement
IssuanceOfSharesUponNovemberSecuritiesPurchaseAgreement
|
2676000 | usd | |
mict |
Issuance Of Shares Upon February Purchase Agreement
IssuanceOfSharesUponFebruaryPurchaseAgreement
|
54000000 | usd | |
mict |
Issuance Of Shares Upon March Securities Purchase Agreement
IssuanceOfSharesUponMarchSecuritiesPurchaseAgreement
|
48690000 | usd | |
us-gaap |
Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
|
2474000 | usd | |
CY2021Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
152307000 | usd |
CY2021Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
155760000 | usd |
CY2021Q3 | us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
1501000 | usd |
CY2021Q3 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
127000 | usd |
CY2021Q3 | us-gaap |
Stock Issued During Period Value Employee Benefit Plan
StockIssuedDuringPeriodValueEmployeeBenefitPlan
|
52000 | usd |
CY2021Q3 | us-gaap |
Profit Loss
ProfitLoss
|
-5329000 | usd |
CY2021Q3 | us-gaap |
Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
|
-412000 | usd |
CY2021Q3 | us-gaap |
Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
|
608000 | usd |
CY2021Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
152307000 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
147722000 | usd |
us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
3824000 | usd | |
us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
286000 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
-31413000 | usd | |
us-gaap |
Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
|
-68000 | usd | |
CY2022Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
120351000 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
129065000 | usd |
CY2022Q3 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
51000 | usd |
CY2022Q3 | us-gaap |
Profit Loss
ProfitLoss
|
-8132000 | usd |
CY2022Q3 | us-gaap |
Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
|
-633000 | usd |
CY2022Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
120351000 | usd |
us-gaap |
Profit Loss
ProfitLoss
|
-31413000 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
-28631000 | usd | |
mict |
Loss From Loss Of Control In Micronet Ltd
LossFromLossOfControlInMicronetLtd
|
-1934000 | usd | |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-557000 | usd | |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
636000 | usd | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
2581000 | usd | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
2416000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
|
1114000 | usd | |
us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
3825000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
286000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
585000 | usd | |
us-gaap |
Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
|
1741000 | usd | |
us-gaap |
Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
|
736000 | usd | |
mict |
Increase Decrease Change In Longterm Deposit And Prepaid Expense
IncreaseDecreaseChangeInLongtermDepositAndPrepaidExpense
|
-316000 | usd | |
mict |
Increase Decrease Change In Longterm Deposit And Prepaid Expense
IncreaseDecreaseChangeInLongtermDepositAndPrepaidExpense
|
-224000 | usd | |
mict |
Increase Decrease In Right Of Use Assets
IncreaseDecreaseInRightOfUseAssets
|
210000 | usd | |
mict |
Increase Decrease In Right Of Use Assets
IncreaseDecreaseInRightOfUseAssets
|
-250000 | usd | |
mict |
Increase Decrease In Lease Liability
IncreaseDecreaseInLeaseLiability
|
200000 | usd | |
mict |
Increase Decrease In Lease Liability
IncreaseDecreaseInLeaseLiability
|
-165000 | usd | |
mict |
Due To Related Party
DueToRelatedParty
|
-491000 | usd | |
mict |
Due To Related Party
DueToRelatedParty
|
113000 | usd | |
mict |
Accrued Interest And Exchange Rate Differences On Shortterm Loan
AccruedInterestAndExchangeRateDifferencesOnShorttermLoan
|
173000 | usd | |
mict |
Decrease In Accrued Severance Pay Net
DecreaseInAccruedSeverancePayNet
|
-7681000 | usd | |
mict |
Decrease In Accrued Severance Pay Net
DecreaseInAccruedSeverancePayNet
|
19556000 | usd | |
us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
766000 | usd | |
us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
5537000 | usd | |
us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
-5858000 | usd | |
us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
17949000 | usd | |
us-gaap |
Increase Decrease In Assets Held For Sale
IncreaseDecreaseInAssetsHeldForSale
|
1606000 | usd | |
us-gaap |
Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
|
2207000 | usd | |
us-gaap |
Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
|
-2895000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-22489000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-35081000 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
131000 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
546000 | usd | |
mict |
Cash Acquired Through Consolidation
CashAcquiredThroughConsolidation
|
1834000 | usd | |
mict |
Payment On Business Acquired Beijing Fucheng Appendix A
PaymentOnBusinessAcquiredBeijingFuchengAppendixA
|
4891000 | usd | |
mict |
Loan To Related Party
LoanToRelatedParty
|
857000 | usd | |
mict |
Net Cash Acquired On An Variable Interest Entity Acquired Guangxi Zhongtong
NetCashAcquiredOnAnVariableInterestEntityAcquiredGuangxiZhongtong
|
460000 | usd | |
us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
-755000 | usd | |
mict |
Loan To Related Party Shareholders Of All Weather
LoanToRelatedPartyShareholdersOfAllWeather
|
776000 | usd | |
us-gaap |
Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
|
534000 | usd | |
mict |
Loan To Tingo Pursuant To The Merger Agreement
LoanToTingoPursuantToTheMergerAgreement
|
3700000 | usd | |
mict |
Payments To Acquire Deconsolidation Of Micronet
PaymentsToAcquireDeconsolidationOfMicronet
|
2466000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-3297000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-6487000 | usd | |
mict |
Proceeds From Payment For Long Term Loans For Related Parties
ProceedsFromPaymentForLongTermLoansForRelatedParties
|
-195000 | usd | |
us-gaap |
Repayments Of Other Short Term Debt
RepaymentsOfOtherShortTermDebt
|
723000 | usd | |
us-gaap |
Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
|
115242000 | usd | |
us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
2554000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-723000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
117601000 | usd | |
us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
-99000 | usd | |
us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
207000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-26608000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
76240000 | usd | |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
97347000 | usd |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
29049000 | usd |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
70739000 | usd |
CY2021Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
105289000 | usd |
us-gaap |
Interest Paid Net
InterestPaidNet
|
5000 | usd | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
27000 | usd | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
254000 | usd | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
195000 | usd | |
CY2022Q3 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
68351000 | usd |
CY2021Q3 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
105289000 | usd |
CY2022Q3 | us-gaap |
Restricted Cash
RestrictedCash
|
2388000 | usd |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Disposal Group Including Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations
|
70739000 | usd |
CY2021Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Disposal Group Including Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations
|
105289000 | usd |
CY2020Q2 | mict |
Total Consideration Amount
TotalConsiderationAmount
|
3100000 | ils |
CY2020Q4 | mict |
Total Consideration Amount
TotalConsiderationAmount
|
4961000 | ils |
CY2020Q4 | mict |
Total Purchase Price
TotalPurchasePrice
|
3000000 | usd |
CY2020Q4 | mict |
Share Capital Percentage
ShareCapitalPercentage
|
0.09 | pure |
CY2020Q4 | mict |
Remaining Share Capital Percentage
RemainingShareCapitalPercentage
|
0.91 | pure |
mict |
Loss From Operations
LossFromOperations
|
490 | usd | |
CY2022Q3 | mict |
Loss From Operations
LossFromOperations
|
-722 | usd |
CY2021Q3 | mict |
Loss From Operations
LossFromOperations
|
-603 | usd |
mict |
Net Income Loss Attributable To Redeemable Noncontrolling Interests
NetIncomeLossAttributableToRedeemableNoncontrollingInterests
|
996 | usd | |
mict |
Net Income Loss Attributable To Redeemable Noncontrolling Interests
NetIncomeLossAttributableToRedeemableNoncontrollingInterests
|
490 | usd | |
CY2022Q3 | mict |
Net Income Loss Attributable To Redeemable Noncontrolling Interests
NetIncomeLossAttributableToRedeemableNoncontrollingInterests
|
-508 | usd |
CY2021Q3 | mict |
Net Income Loss Attributable To Redeemable Noncontrolling Interests
NetIncomeLossAttributableToRedeemableNoncontrollingInterests
|
-603 | usd |
CY2020Q4 | mict |
Business Acquisitions Description
BusinessAcquisitionsDescription
|
On November 11, 2020, BI Intermediate closed on its acquisition of the first 9% and paid 9% of the Purchase Price. Additionally, pursuant to the Strategic Agreement upon the initial closing, BI Intermediate loaned Magpie an amount equivalent to the remaining 91% of the Purchase Price. Upon closing on the remaining 91%, which remained subject to SFC approval, the loan will be cancelled, and BI Intermediate will acquire the remaining 91% of Magpie. The loan was secured against the pledge of 91% of the share capital of Magpie purchased at such time by BI Intermediate. The obligations of Magpie have been guaranteed by its majority shareholder. On February 26, 2021, we finalized the acquisition of Magpie. The acquisition was consummated following the receipt of approval from the SFC effecting the change in the majority shareholder of Magpie. In consideration for the entire share capital of Magpie, we paid a total Purchase Price of $2,947 (reflecting the net asset value of Magpie estimated at $2,034 recorded as a working capital, and a premium $902 that was recorded as a license in the intangible assets). The Company, through and together with the Company’s wholly owned subsidiaries, Beijing Magpie Securities Consulting Services Co., Ltd (“Beijing Magpie”) and Shenzhen Magpie Information Consulting Technology Co., Ltd (“Shenzhen Magpie”), are in the process of integrating its mobile app platform with Magpie’s licensed trading assets. | |
CY2022Q3 | mict |
Equity Method Investments Ownership Percentage
EquityMethodInvestmentsOwnershipPercentage
|
1 | pure |
CY2021Q2 | mict |
Gross Proceeds
GrossProceeds
|
26864000 | ils |
CY2021Q2 | mict |
Gross Proceeds
GrossProceeds
|
8290000 | usd |
CY2021Q3 | mict |
Work Loan Amount
WorkLoanAmount
|
30000000 | cny |
CY2021Q3 | mict |
Work Loan Amount
WorkLoanAmount
|
4700000 | usd |
CY2022Q3 | us-gaap |
Debt Securities
DebtSecurities
|
776000 | usd |
mict |
Equity Holds
EquityHolds
|
0.996 | pure | |
CY2022Q2 | us-gaap |
Derivative Assets
DerivativeAssets
|
94000 | usd |
CY2022Q2 | us-gaap |
Revenue Information Used To Determine Transaction Price
RevenueInformationUsedToDetermineTransactionPrice
|
zero | |
CY2022Q2 | us-gaap |
Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
|
94000 | usd |
CY2021Q3 | us-gaap |
Investment Owned Underlying Face Amount At Market Value
InvestmentOwnedUnderlyingFaceAmountAtMarketValue
|
30000000 | cny |
CY2021Q3 | us-gaap |
Investment Owned Underlying Face Amount At Market Value
InvestmentOwnedUnderlyingFaceAmountAtMarketValue
|
-4700000 | usd |
CY2021Q4 | mict |
Noncontrolling Interest Ownership Percentage By Parents
NoncontrollingInterestOwnershipPercentageByParents
|
0.60 | pure |
CY2022Q3 | us-gaap |
Loans Receivable Basis Spread On Variable Rate
LoansReceivableBasisSpreadOnVariableRate
|
0.76 | pure |
mict |
Agreement Term
AgreementTerm
|
P1Y | ||
us-gaap |
Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
|
32915 | usd | |
us-gaap |
Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
|
31710 | usd | |
CY2022Q3 | us-gaap |
Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
|
13322 | usd |
CY2021Q3 | us-gaap |
Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
|
17445 | usd |
mict |
Loss From Operations
LossFromOperations
|
1599 | usd | |
mict |
Required Reserve Capital Percentage
RequiredReserveCapitalPercentage
|
0.10 | pure | |
CY2022Q3 | us-gaap |
Restricted Cash
RestrictedCash
|
2388000 | usd |
CY2021Q4 | us-gaap |
Restricted Cash
RestrictedCash
|
2417000 | usd |
CY2022Q3 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
3369000 | usd |
CY2021Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
2606000 | usd |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Use of Estimates and Assumptions</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities as of the date of the consolidated financial statements and the reported amounts of revenues and expenses during the periods presented. Significant accounting estimates reflected in our consolidated financial statements include the useful lives of plant and equipment and intangible assets, capitalized development costs, impairment of long-lived assets, goodwill, intangible assets, allowance for doubtful accounts, revenue recognition, allowance for deferred tax assets and uncertain tax position. Actual results could differ from these estimates.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b> </b></p> | ||
CY2020Q4 | us-gaap |
Warrant Exercise Price Increase
WarrantExercisePriceIncrease
|
0.8 | |
CY2021Q1 | mict |
Preferred Stock Exchange Agreements Description
PreferredStockExchangeAgreementsDescription
|
The gross proceeds to the Company from the February Offering were expected to be approximately $60.0 million. The Series A warrants will be exercisable nine months after the date of issuance, have an exercise price of $2.80 per share and will expire five and one-half years from the date of issuance. The Series B warrants will be exercisable nine months after the date of issuance, have an exercise price of $2.80 per share and will expire three and one-half years from the date of issuance. The Company received net proceeds of $54.0 million on February 16, 2021 after deducting the placement agent’s fees and other expenses. | |
CY2021Q2 | us-gaap |
Excess Capital
ExcessCapital
|
140000000 | usd |
mict |
Stock Incentive Plan Description
StockIncentivePlanDescription
|
the “2012 Incentive Plan”) was initially adopted by the Board on November 26, 2012 and approved by our stockholders on January 7, 2013 and subsequently amended on September 30, 2014, October 26, 2015, November 15, 2017 and November 8, 2018. Under the 2012 Incentive Plan, as amended, up to 5,000,000 shares of our common stock, are currently authorized to be issued pursuant to option awards granted thereunder. On May 17, 2021, May 23, 2021 and June 28, 2021, the Company granted an aggregate of 125,000, 370,000 and 245,000 respectively, options under the 2012 Incentive Plan, with an exercise price of $1.41, $1.81 and $2.49, respectively, of which 310,000 options vested as of September 30, 2022. This resulted in a stock-based compensation expense of approximately $284,973 recorded for the nine months ended September 30, 2022, based on a fair value determined using a Black-Scholes model.On March 22, 2021, 20,000 shares of common stock were issued to an employee who exercised their options at an exercise price of $1.41. In September 2021, the Board unanimously approved a grant of 87,000 fully vested shares of common stock of the Company to some of our employees. On September 13, 2021, 40,000 shares of common stock were issued to an employee who exercised their options at an exercise price of $1.32. On September 28, 2021, MICT granted 823,020 shares of common stock of the Company to China Strategic Investments Limited. On May 10, 2022, MICT granted 1,659,500 shares of common stock of the Company to Cushman Holdings Limited, an unrelated third party, as an introducer fee for Tingo, Inc. On May 10, 2022, MICT granted 858,631 shares of common stock of the Company to China Strategic Investments Limited, an unrelated third party, in connection with the GFHI acquisition as discussed in Note 1. On May 10, 2022, MICT granted 612,500 shares of common stock of the Company to some of our Directors and employees. The shares were issued pursuant to the 2020 Incentive Plan. | ||
CY2022Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
|
4000000 | shares |
CY2022Q2 | us-gaap |
Capital Units Net Amount
CapitalUnitsNetAmount
|
140000000 | usd |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
1558000 | shares |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
1.74 | |
CY2020Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
1158000 | shares |
CY2020Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
2.24 | |
CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
740000 | shares |
CY2021 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
1.97 | |
CY2021 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
60000 | shares |
CY2021 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
1.35 | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
818000 | shares | |
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
|
1.54 | ||
CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
280000 | shares |
CY2021 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
|
1.41 | |
CY2022Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
740000 | shares |
CY2022Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
1.97 | |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
1558000 | shares |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
1.74 | |
CY2022Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
484167 | shares |
CY2022Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
1.82 | |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
1118000 | shares |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
1.57 | |
CY2022Q3 | mict |
Share Based Compensation Arrangement By Share Based Payment Award Options Number Of Warrants Outstanding
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNumberOfWarrantsOutstanding
|
62863879 | shares |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
|
2.854 | |
CY2021Q4 | mict |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Contractual Terms Remaining Contractual Life
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageContractualTermsRemainingContractualLife
|
P4Y6M | |
CY2021Q4 | mict |
Share Based Compensation Arrangement By Share Based Payment Award Options Number Of Warrants Outstanding
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNumberOfWarrantsOutstanding
|
62863879 | shares |
CY2022Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
|
2.854 | |
CY2022Q3 | mict |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Contractual Terms Remaining Contractual Life
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageContractualTermsRemainingContractualLife
|
P4Y3M | |
CY2021Q1 | mict |
Issued And Outstanding Percentage
IssuedAndOutstandingPercentage
|
0.5031 | pure |
CY2021Q2 | mict |
Ownership Interest Was Diluted Percentage
OwnershipInterestWasDilutedPercentage
|
0.4988 | pure |
CY2021Q2 | mict |
Loss Of Control Of Micronet Description
LossOfControlOfMicronetDescription
|
Pursuant to the offering, Micronet sold an aggregate number of 18,400 securities units (the “Units”) at a price of 14.6 NIS per Unit with each Unit consisting of 100 ordinary shares, 25 series A options and 75 series B options, resulting in the issuance of 1,840,000 ordinary shares, 460,000 series A options and 1,380,000 series B options. Micronet raised total gross proceeds of 26,864,000 NIS (approximately $8,290,000) in the Offering. | |
us-gaap |
Debt Conversion Description
DebtConversionDescription
|
The Company did not participate in the Offering, and, as a result, the Company owned 31.47% of the outstanding ordinary shares of Micronet and 26.77% on a fully diluted basis as of September 30, 2022. | ||
CY2019Q4 | mict |
Loan Agreement
LoanAgreement
|
500000000 | usd |
CY2019Q4 | us-gaap |
Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
|
0.0395 | pure |
CY2019Q4 | us-gaap |
Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
|
0.38 | |
CY2019Q4 | mict |
Class Of Warrant Or Right Exercise Price Of Warrants Or Right
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRight
|
0.6 | |
CY2020Q3 | us-gaap |
Common Stock Convertible Conversion Price Increase
CommonStockConvertibleConversionPriceIncrease
|
0.08 | |
CY2020Q3 | mict |
Per Share
PerShare
|
5.7 | |
CY2020Q3 | mict |
Loan Agreement
LoanAgreement
|
175000 | usd |
CY2021Q1 | us-gaap |
Sale Of Stock Percentage Of Ownership After Transaction
SaleOfStockPercentageOfOwnershipAfterTransaction
|
0.24 | pure |
CY2022Q3 | mict |
Total Cash Considerations
TotalCashConsiderations
|
5711000 | usd |
CY2022Q3 | mict |
Total Purchase Consideration
TotalPurchaseConsideration
|
5711000 | usd |
CY2022Q3 | mict |
Net Working Capital
NetWorkingCapital
|
926000 | usd |
CY2022Q3 | mict |
Property And Equipments
PropertyAndEquipments
|
26000 | usd |
CY2022Q3 | mict |
License
License
|
4814000 | usd |
CY2022Q3 | mict |
Current Liabilities Other
CurrentLiabilitiesOther
|
-55000 | usd |
CY2022Q3 | us-gaap |
Assets Fair Value Disclosure
AssetsFairValueDisclosure
|
5711000 | usd |
CY2021Q1 | us-gaap |
Construction Loan
ConstructionLoan
|
40000 | cny |
CY2021Q1 | us-gaap |
Construction Loan
ConstructionLoan
|
6125000 | usd |
CY2022Q3 | us-gaap |
Construction Loan
ConstructionLoan
|
8010 | cny |
CY2022Q3 | us-gaap |
Construction Loan
ConstructionLoan
|
1243000 | usd |
CY2022Q3 | mict |
Working Capitals
WorkingCapitals
|
919000 | usd |
CY2020Q4 | mict |
Noncontrolling Interest Ownership Percentage By Noncontrolling Owner
NoncontrollingInterestOwnershipPercentageByNoncontrollingOwner
|
0.24 | pure |
CY2020Q4 | mict |
Equity Interest
equityInterest
|
0.76 | pure |
CY2021Q1 | mict |
Noncontrolling Interest Ownership Percentage By Noncontrolling Owner
NoncontrollingInterestOwnershipPercentageByNoncontrollingOwner
|
1 | pure |
CY2022Q3 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
-6816000 | usd |
CY2021Q4 | mict |
Noncontrolling Interest Ownership Percentage By Noncontrolling Owner
NoncontrollingInterestOwnershipPercentageByNoncontrollingOwner
|
0.60 | pure |
CY2022Q3 | mict |
Noncontrolling Interest Ownership Percentage By Noncontrolling Owner
NoncontrollingInterestOwnershipPercentageByNoncontrollingOwner
|
0.26 | pure |
CY2022Q3 | mict |
Working Capital
WorkingCapital
|
30000 | cny |
CY2022Q3 | mict |
Working Capital
WorkingCapital
|
4700000 | usd |
us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.25 | pure | |
CY2021Q4 | us-gaap |
Disposal Group Including Discontinued Operation Intangible Assets Current
DisposalGroupIncludingDiscontinuedOperationIntangibleAssetsCurrent
|
1222000 | usd |
CY2022Q3 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
25875000 | usd |
CY2021Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
25885000 | usd |
CY2021Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
-4443000 | usd |
CY2022Q3 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
19059000 | usd |
CY2021Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
21442000 | usd |
CY2022Q3 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
|
12453000 | usd |
CY2021Q4 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
|
20485000 | usd |
CY2022Q3 | mict |
Allowance For Doubtful Accounts
AllowanceForDoubtfulAccounts
|
-3369000 | usd |
CY2021Q4 | mict |
Allowance For Doubtful Accounts
AllowanceForDoubtfulAccounts
|
-2606000 | usd |
CY2022Q3 | us-gaap |
Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
|
9084000 | usd |
CY2021Q4 | us-gaap |
Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
|
17879000 | usd |
CY2022Q3 | mict |
Doubtful Accounts Receivable Beginning Balance
DoubtfulAccountsReceivableBeginningBalance
|
2606000 | usd |
CY2021Q4 | mict |
Doubtful Accounts Receivable Beginning Balance
DoubtfulAccountsReceivableBeginningBalance
|
5000 | usd |
CY2022Q3 | mict |
Doubtful Accounts Receivable Provisionrecovery
DoubtfulAccountsReceivableProvisionrecovery
|
1114000 | usd |
CY2021Q4 | mict |
Doubtful Accounts Receivable Provisionrecovery
DoubtfulAccountsReceivableProvisionrecovery
|
2574000 | usd |
CY2022Q3 | mict |
Exchange Fluctuation
ExchangeFluctuation
|
-351000 | usd |
CY2021Q4 | mict |
Exchange Fluctuation
ExchangeFluctuation
|
32000 | usd |
CY2021Q4 | mict |
Decrease Due To Deconsolidation Of Micronet
DecreaseDueToDeconsolidationOfMicronet
|
5000 | usd |
CY2022Q3 | mict |
Doubtful Accounts Receivable Net
DoubtfulAccountsReceivableNet
|
3369000 | usd |
CY2021Q4 | mict |
Doubtful Accounts Receivable Net
DoubtfulAccountsReceivableNet
|
2606000 | usd |
mict |
Carried Forward Term
CarriedForwardTerm
|
P5Y | ||
CY2022Q3 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
797000 | usd |
CY2021Q4 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
1715000 | usd |
CY2022Q3 | us-gaap |
Supplies
Supplies
|
5951000 | usd |
CY2021Q4 | us-gaap |
Supplies
Supplies
|
4027000 | usd |
CY2022Q3 | us-gaap |
Deposits Assets Current
DepositsAssetsCurrent
|
262000 | usd |
CY2021Q4 | us-gaap |
Deposits Assets Current
DepositsAssetsCurrent
|
1335000 | usd |
CY2022Q3 | us-gaap |
Advance Royalties
AdvanceRoyalties
|
1578000 | usd |
CY2021Q4 | us-gaap |
Advance Royalties
AdvanceRoyalties
|
1444000 | usd |
CY2022Q3 | us-gaap |
Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
|
1731000 | usd |
CY2021Q4 | us-gaap |
Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
|
1033000 | usd |
CY2022Q3 | us-gaap |
Other Assets
OtherAssets
|
10319000 | usd |
CY2021Q4 | us-gaap |
Other Assets
OtherAssets
|
9554000 | usd |
CY2022Q3 | mict |
Current Assets Related Parties
CurrentAssetsRelatedParties
|
8533000 | usd |
CY2021Q4 | mict |
Current Assets Related Parties
CurrentAssetsRelatedParties
|
5134000 | usd |
CY2022Q2 | us-gaap |
Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
|
3000000 | usd |
CY2022Q2 | us-gaap |
Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
|
0.05 | pure |
CY2022Q3 | us-gaap |
Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
|
3500000 | usd |
CY2022Q3 | us-gaap |
Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
|
3700 | usd |
CY2022Q3 | us-gaap |
Due To Related Parties Current
DueToRelatedPartiesCurrent
|
728000 | usd |
CY2021Q4 | us-gaap |
Due To Related Parties Current
DueToRelatedPartiesCurrent
|
4000 | usd |
mict |
Operating Lease Term
OperatingLeaseTerm
|
P4Y | ||
mict |
Operating Lease Initial Term
OperatingLeaseInitialTerm
|
P12M | ||
CY2022Q3 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
1711000 | usd |
CY2021Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
1921000 | usd |
CY2022Q3 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
1025000 | usd |
CY2021Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
1298000 | usd |
CY2022Q3 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
763000 | usd |
CY2021Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
691000 | usd |
CY2022Q3 | us-gaap |
Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
|
1788000 | usd |
CY2021Q4 | us-gaap |
Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
|
1989000 | usd |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
1203000 | usd | |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
1111000 | usd | |
CY2022Q3 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
530000 | usd |
CY2021Q3 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
581000 | usd |
CY2022Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
1185000 | usd |
CY2022Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
622000 | usd |
CY2022Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
77000 | usd |
CY2022Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
|
12000 | usd |
CY2022Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
13000 | usd |
CY2022Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
1909000 | usd |
CY2022Q3 | us-gaap |
Unrecorded Unconditional Purchase Obligation Imputed Interest
UnrecordedUnconditionalPurchaseObligationImputedInterest
|
88000 | usd |
CY2022Q3 | us-gaap |
Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
|
1821000 | usd |
mict |
Operating Leases Weighted Average Remaining Lease Term
OperatingLeasesWeightedAverageRemainingLeaseTerm
|
P2Y3M18D | ||
CY2022Q3 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.0546 | pure |
mict |
Operating Loss Carry Forward Desription
OperatingLossCarryForwardDesription
|
As of September 30, 2022 the operating loss carry forward were $47,939, among which there was $5,115 expiring from 2025 through 2037, and the remaining $42,824 has no expiration date. | ||
mict |
Expiry Date Description
ExpiryDateDescription
|
As of September 30, 2022 the operating loss carry forward was $11,511, which will expire from 2023 through 2027. | ||
mict |
Profits Tax
ProfitsTax
|
Hong Kong profits tax for a corporation from the year of assessment 2018/2019 onwards is generally 8.25% on assessable profits up to HK$2,000; and 16.5% on any part of assessable profits over HK$2,000. | ||
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.17 | pure | |
CY2022Q3 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
104000 | usd |
us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
248000 | usd | |
us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
72000 | usd | |
CY2021Q3 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
29000 | usd |
us-gaap |
Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
|
123000 | usd | |
CY2021Q3 | us-gaap |
Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
|
92000 | usd |
us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
248000 | usd | |
us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
195000 | usd | |
CY2021Q3 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
121000 | usd |
us-gaap |
Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
|
-2030000 | usd | |
us-gaap |
Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
|
-605000 | usd | |
CY2022Q3 | us-gaap |
Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
|
-701000 | usd |
CY2021Q3 | us-gaap |
Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
|
-191000 | usd |
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-2030000 | usd | |
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-605000 | usd | |
CY2022Q3 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-701000 | usd |
CY2021Q3 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-191000 | usd |
CY2022Q3 | mict |
Provisions For Employee Rights And Other Temporary Differences
ProvisionsForEmployeeRightsAndOtherTemporaryDifferences
|
170000 | usd |
CY2021Q4 | mict |
Provisions For Employee Rights And Other Temporary Differences
ProvisionsForEmployeeRightsAndOtherTemporaryDifferences
|
260000 | usd |
CY2022Q3 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Other
DeferredTaxAssetsTaxDeferredExpenseOther
|
842000 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Other
DeferredTaxAssetsTaxDeferredExpenseOther
|
696000 | usd |
CY2022Q3 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
18306000 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
12034000 | usd |
CY2022Q3 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
16425000 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
11226000 | usd |
CY2022Q3 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
2893000 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
1764000 | usd |
CY2022Q3 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet
|
-3340000 | usd |
CY2021Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet
|
-3952000 | usd |
CY2022Q3 | us-gaap |
Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
|
447000 | usd |
CY2021Q4 | us-gaap |
Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
|
2188000 | usd |
us-gaap |
Business Combination Control Obtained Description
BusinessCombinationControlObtainedDescription
|
As consideration for the Business Combination, Tingo shall receive from the MICT: (i) 25,783,675 shares of MICT Common Stock equal to approximately 19.9% of the total issued and outstanding MICT Common Stock calculated as at Closing; (ii) 2,604.28 shares of Series A Preferred Stock convertible into 26,042,808 shares of MICT Common Stock equal to approximately 20.1% of the total issued and outstanding MICT Common Stock calculated as at Closing; and (iii) 33,687.21 shares of Series B Preferred Stock convertible into 336,872,138 shares of MICT Common Stock following which Tingo will hold MICT Common Stock equal to 75% of MICT’s outstanding common stock, provided that 5% of the foregoing consideration shall be withheld in Escrow. | ||
mict |
Escrow Agreement Percentage
EscrowAgreementPercentage
|
0.05 | pure | |
mict |
Issued And Outstanding Shares Percentage
IssuedAndOutstandingSharesPercentage
|
0.27 | pure | |
us-gaap |
Convertible Preferred Stock Terms Of Conversion
ConvertiblePreferredStockTermsOfConversion
|
If approval by Nasdaq of the change of control of MICT or if approval by MICT’s stockholders of the Series B Conversion is not obtained by June 30, 2023, Tingo shall have the right to (i) cause the Series A Redemption to take place within 90 days; and (ii) cause MICT to redeem all of the Series B Preferred Stock in exchange for (x) $666,666 in cash or (y) an amount of common stock of Delaware Sub equivalent in value to $666,666 (reduced from the aggregate value of the Series B Preferred Stock at issuance, which is $1,000,000). | ||
mict |
Principal Loan Amount
PrincipalLoanAmount
|
23700000 | usd | |
CY2022Q3 | us-gaap |
Derivative Fixed Interest Rate
DerivativeFixedInterestRate
|
0.05 | pure |
CY2022Q3 | mict |
Principal Loan Amount
PrincipalLoanAmount
|
3700 | usd |
CY2021Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.05 | |
CY2022Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.06 | |
mict |
Loss From Loss Of Control In Micronet Ltd
LossFromLossOfControlInMicronetLtd
|
usd | ||
us-gaap |
Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
|
usd | ||
us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
usd | ||
mict |
Accrued Interest And Exchange Rate Differences On Shortterm Loan
AccruedInterestAndExchangeRateDifferencesOnShorttermLoan
|
usd | ||
us-gaap |
Increase Decrease In Assets Held For Sale
IncreaseDecreaseInAssetsHeldForSale
|
usd | ||
mict |
Cash Acquired Through Consolidation
CashAcquiredThroughConsolidation
|
usd | ||
us-gaap |
Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
|
usd | ||
mict |
Loan To Tingo Pursuant To The Merger Agreement
LoanToTingoPursuantToTheMergerAgreement
|
usd | ||
mict |
Proceeds From Payment For Long Term Loans For Related Parties
ProceedsFromPaymentForLongTermLoansForRelatedParties
|
usd | ||
us-gaap |
Repayments Of Other Short Term Debt
RepaymentsOfOtherShortTermDebt
|
usd | ||
us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
usd | ||
CY2021Q3 | us-gaap |
Restricted Cash
RestrictedCash
|
usd | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
shares | ||
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
|||
us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
shares | ||
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
|||
mict |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Warrants Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInWarrantsPeriodGross
|
shares | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
|||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms
|
|||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
|
shares | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Forfeitures And Expirations
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsForfeituresAndExpirations
|
shares | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
|
|||
mict |
Stock Issued During Period Shares Stock Options Exercised Warrants
StockIssuedDuringPeriodSharesStockOptionsExercisedWarrants
|
shares | ||
mict |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number Warrants Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumberWarrantsExercised
|
shares | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
|
|||
CY2022Q3 | mict |
Decrease Due To Deconsolidation Of Micronet
DecreaseDueToDeconsolidationOfMicronet
|
usd | |
CY2022Q3 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
usd | |
us-gaap |
Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
|
usd | ||
CY2022Q3 | us-gaap |
Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
|
usd | |
CY2022Q3 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
usd | |
us-gaap |
Interest Income Domestic Deposits
InterestIncomeDomesticDeposits
|
usd | ||
us-gaap |
Interest Income Domestic Deposits
InterestIncomeDomesticDeposits
|
usd | ||
CY2022Q3 | us-gaap |
Interest Income Domestic Deposits
InterestIncomeDomesticDeposits
|
usd | |
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0000854800 |