XML 63 R53.htm IDEA: XBRL DOCUMENT
v3.22.2.2

STARBOARD INVESTMENT - Series A and B Warrants (Details) - USD ($) $ / shares in Units, $ in Thousands |  |  |  | 9 Months Ended |  |  |
--- | --- | --- | --- | --- | --- | --- | ---
Jul. 14, 2023 | Feb. 25, 2022 | Nov. 18, 2019 | Sep. 30, 2022 | Dec. 31, 2021 | Jun. 04, 2020 | Feb. 25, 2020
Class of Warrant or Right [Line Items] |  |  |  |  |  |  |
Recapitalization agreement, blocker provision, percent |  |  |  | 4.89% |  |  |
Starboard |  |  |  |  |  |  |
Class of Warrant or Right [Line Items] |  |  |  |  |  |  |
Equity method investment ownership |  |  |  | 4.877% |  |  |
Forecast |  |  |  |  |  |  |
Class of Warrant or Right [Line Items] |  |  |  |  |  |  |
Recapitalization agreement, exercise period | 5 days |  |  |  |  |  |
Forecast | Series B warrants |  |  |  |  |  |  |
Class of Warrant or Right [Line Items] |  |  |  |  |  |  |
Share-based compensation arrangement by share-based payment award, non-option equity instruments, exercised | 31,506,849 |  |  |  |  |  |
Series A warrants | Forecast | Series A warrants |  |  |  |  |  |  |
Class of Warrant or Right [Line Items] |  |  |  |  |  |  |
Stock issued during period, warrants, foregone time value | $ 9,000 |  |  |  |  |  |
Series B warrants |  |  |  |  |  |  |
Class of Warrant or Right [Line Items] |  |  |  |  |  |  |
Warrants and rights outstanding |  |  |  | $ 59,700 | $ 96,400 |  |
Starboard | Series A warrants |  |  |  |  |  |  |
Class of Warrant or Right [Line Items] |  |  |  |  |  |  |
Conversion price |  |  | $ 3.65 |  |  |  |
Warrants and rights outstanding, term |  |  |  | 8 years |  |  |
Warrants and rights outstanding |  |  | $ 4,800 | $ 9,400 | $ 11,300 |  |
Warrants exercised |  |  |  | 0 |  |  |
Number of shares purchased by warrant |  |  | 5,000,000 |  |  |  |
Starboard | Series B warrants |  |  |  |  |  |  |
Class of Warrant or Right [Line Items] |  |  |  |  |  |  |
Conversion price |  |  |  |  |  | $ 3.65 |
Warrants and rights outstanding |  |  |  | $ 533 |  |  |
Warrants exercised |  |  |  | 0 |  |  |
Number of shares purchased by warrant |  |  |  |  |  |  | 100,000,000
Proceeds from issuance of preferred stock and preference stock |  | $ 4,600 |  |  |  |  |
Class of warrant or right, warrants subject to adjustments |  |  |  |  |  | 31,506,849 |
Class of warrant or right, outstanding (in shares) |  |  |  |  |  | 68,493,151 |
Starboard | Maximum | Series A warrants |  |  |  |  |  |  |
Class of Warrant or Right [Line Items] |  |  |  |  |  |  |
Warrants issued, shares |  |  | 5,000,000 |  |  |  |
Starboard | Maximum | Series B warrants |  |  |  |  |  |  |
Class of Warrant or Right [Line Items] |  |  |  |  |  |  |
Conversion price |  |  |  |  |  |  | $ 5.25
Starboard | Minimum | Series B warrants |  |  |  |  |  |  |
Class of Warrant or Right [Line Items] |  |  |  |  |  |  |
Conversion price |  |  |  |  |  |  | $ 3.65

X
- Definition Class of Warrant or Right, Warrants Exercised + References No definition available. + Details
Name: | actg_ClassOfWarrantOrRightWarrantsExercised
Namespace Prefix: | actg_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | duration

X
- Definition Class of Warrant or Right, Warrants Subject to Adjustments + References No definition available. + Details
Name: | actg_ClassOfWarrantOrRightWarrantsSubjectToAdjustments
Namespace Prefix: | actg_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | instant

X
- Definition Recapitalization Agreement, Blocker Provision, Percent + References No definition available. + Details
Name: | actg_RecapitalizationAgreementBlockerProvisionPercent
Namespace Prefix: | actg_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Recapitalization Agreement, Exercise Period + References No definition available. + Details
Name: | actg_RecapitalizationAgreementExercisePeriod
Namespace Prefix: | actg_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Stock Issued During Period, Warrants, Foregone Time Value + References No definition available. + Details
Name: | actg_StockIssuedDuringPeriodWarrantsForegoneTimeValue
Namespace Prefix: | actg_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Warrants issued, shares + References No definition available. + Details
Name: | actg_WarrantsIssuedShares
Namespace Prefix: | actg_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_ClassOfWarrantOrRightLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Number of securities into which the class of warrant or right may be converted. For example, but not limited to, 500,000 warrants may be converted into 1,000,000 shares. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21475-112644 + Details
Name: | us-gaap_ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
Namespace Prefix: | us-gaap_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | instant

X
- Definition Number of warrants or rights outstanding. + References No definition available. + Details
Name: | us-gaap_ClassOfWarrantOrRightOutstanding
Namespace Prefix: | us-gaap_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | instant

X
- Definition The price per share of the conversion feature embedded in the debt instrument. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 5 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123466204&loc=SL6031898-161870 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1B -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611 + Details
Name: | us-gaap_DebtInstrumentConvertibleConversionPrice1
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:perShareItemType
Balance Type: | na
Period Type: | instant

X
- Definition The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -Subparagraph (a)(1) -URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571 + Details
Name: | us-gaap_EquityMethodInvestmentOwnershipPercentage
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Proceeds from issuance of capital stock which provides for a specific dividend that is paid to the shareholders before any dividends to common stockholders and which takes precedence over common stockholders in the event of liquidation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 14 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123570139&loc=d3e3255-108585 + Details
Name: | us-gaap_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Number of non-option equity instruments exercised by participants. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1)(iv)(2) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised
Namespace Prefix: | us-gaap_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | duration

X
- Definition Value of outstanding derivative securities that permit the holder the right to purchase securities (usually equity) from the issuer at a specified price. + References No definition available. + Details
Name: | us-gaap_WarrantsAndRightsOutstanding
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Period between issuance and expiration of outstanding warrant and right embodying unconditional obligation requiring redemption by transferring asset at specified or determinable date or upon event certain to occur, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb)(2) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
Name: | us-gaap_WarrantsAndRightsOutstandingTerm
Namespace Prefix: | us-gaap_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | instant

X
- Details
Name: | srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=actg_StarboardValueMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_StatementScenarioAxis=srt_ScenarioForecastMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ClassOfWarrantOrRightAxis=actg_SeriesBWarrantsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementClassOfStockAxis=actg_SeriesAWarrantsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ClassOfWarrantOrRightAxis=actg_SeriesAWarrantsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementClassOfStockAxis=actg_SeriesBWarrantsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_CounterpartyNameAxis=actg_StarboardValueMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MaximumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MinimumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |