XML 29 R18.htm IDEA: XBRL DOCUMENT
v3.20.2

11. SERIES A WARRANTS | 9 Months Ended
--- | ---
Sep. 30, 2020
Series Warrants |
11. SERIES A WARRANTS | 11. SERIES A WARRANTS On November 18, 2019, in connection with the issuance of the Series A Redeemable Convertible Preferred Stock, the Company issued detachable Series A Warrants to acquire up to 5,000,000 shares of common stock at a price of $3.65 per share (subject to certain antidilution adjustments) at any time during a period of eight years beginning on the instrument’s issuance date of the Series A Warrants. As of September 30, 2020, the Series A Warrants have not been exercised. The Series A Warrants will be recognized at fair value at each reporting period until exercised, with changes in fair value recognized in the condensed consolidated statements of operations in other income (expense) in the accompanying condensed consolidated statements of operations. As of December 31, 2019, the fair value of the Series A Warrants was $3.6 million. As of September 30, 2020, the fair value of the Series A Warrants was $5.6 million. The Series A Warrants are classified as a liability in accordance with ASC 480, Distinguishing Liabilities from Equity, as the agreement provides for net cash settlement upon a change in control, which is outside the control of the Company.

X
- References No definition available. + Details
Name: | ACTG_SeriesWarrantsAbstract
Namespace Prefix: | ACTG_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Warrant disclosure [Text Block] + References No definition available. + Details
Name: | ACTG_WarrantDisclosureTextBlock
Namespace Prefix: | ACTG_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration