XML 28 R18.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Segment Information
 6 Months Ended
Jun. 30, 2011
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]
Note 11: Segment Information
 
The Company currently operates in four operating segments:

 
(1)
The Company’s CoaLogix segment provides air pollution control services through selective catalytic reduction (“SCR”) catalyst and management services by the Company’s CoaLogix subsidiary. SCR systems are used by coal-fired power plants to reduce nitrogen oxides (NOx) emissions. See Note 12 – Subsequent Events.
 
 
(2)
Energy & Security Sonar Solutions whose activities are focused on the following areas – sonar and acoustic related solutions for energy, defense and commercial markets and includes other real-time and embedded hardware & software development and production. Energy & Security Sonar Solutions activities are provided through the Company’s DSIT Solutions Ltd. (“DSIT”) subsidiary.
 
 
(3)
The Company’s GridSense segment provides Smart Grid Distribution Automation products and services.  As these activities were acquired in May 2010, there are only partial results reported for these activities for the three and six month periods ended June 30, 2010.
 
 
(4)
The Company’s USSI segment provides Energy and Security Sensor Systems.  USSI's primary focus is to develop and produce fiber optic sensing systems for the energy and security markets.  As these activities were effectively acquired in February 2010, there are only partial comparative results reported for these activities for the six month period ended June 30, 2010.
 
Other operations include various operations in DSIT that do not meet the quantitative thresholds under applicable accounting principles.

 
CoaLogix*
   
Energy &
Security Sonar 
Solutions
   
GridSense
   
USSI
   
Other
   
Total
 
Six months ended June 30, 2011:
                                   
Revenues from external customers
  $ 10,359     $ 4,032     $ 2,140     $ 248     $ 782     $ 17,561  
Intersegment revenues
    —       —       —       —       —       —  
Segment gross profit (loss)
    2,718       1,386       996       (297 )     435       5,238  
Stock compensation expense
    145       —       —       —       —       145  
Depreciation and amortization expense
    1,132       98       180       109       13       1,532  
Segment income (loss) before income taxes
    (1,404 )     (270 )     (1,058 )     (1,254 )     235       (3,751 )
                                                 
Six months ended June 30, 2010:
                                               
Revenues from external customers
  $ 9,333     $ 4,815     $ 517     $ 32     $ 614     $ 15,311  
Intersegment revenues
    —       —       —       —       —       —  
Segment gross profit
    3,787       2,256       327       10       212       6,592  
Stock compensation expense
    213       —       —       —       —       213  
Depreciation and amortization expense
    589       88       63       64       12       816  
Segment income (loss) before income taxes
    (204 )     970       (324 )     (436 )     4       10  
                                                 
Three months ended June 30, 2011:
                                               
Revenues from external customers
  $ 6,612     $ 2,006     $ 1,499     $ 205     $ 397     $ 10,719  
Intersegment revenues
    —       —       —       —       —       —  
Segment gross profit (loss)
    1,636       673       726       (288 )     236       2,983  
Stock compensation expense
    75       —       —       —       —       75  
Depreciation and amortization expense
    528       48       91       52       6       725  
Segment income (loss) before income taxes
    (568 )     (239 )     (236 )     (738 )     117       (1,664 )
                                                 
Three months ended June 30, 2010:
                                               
Revenues from external customers
  $ 4,855     $ 2,534     $ 517     $ 32     $ 289     $ 8,227  
Intersegment revenues
    —       —       —       —       —       —  
Segment gross profit
    1,855       1,208       327       10       78       3,478  
Stock compensation expense
    92       —       —       —       —       92  
Depreciation and amortization expense
    305       44       63       51       6       469  
Segment income (loss) before income taxes
    (224 )     509       (324 )     (309 )     (3 )     (351 )
 
* See Note 12 – Subsequent Events

Reconciliation of Segment Income (Loss) to Consolidated Net Loss

   
Six months ended
June 30,
   
Three months ended
June 30,
 
   
2010
   
2011
   
2010
   
2011
 
Total income (loss) for reportable segments
  $ 6     $ (3,986 )   $ (348 )   $ (1,781 )
Other operational segment income (loss)
    4       235       (3 )     117  
Total operating income (loss)
    10       (3,751 )     (351 )     (1,664 )
Non-controlling interests
    315       692       265       324  
Gain on sale of HangXing
    —       492       —       —  
Gain on investment in GridSense
    1,327       —       1,327       —  
Distribution from EnerTech
    135       —       —       —  
Income tax benefit (expense)*
    (198 )     (39 )     (123 )     26  
Loss from discontinued operations
    (5,203 )     —       (3,051 )     —  
Net loss of corporate headquarters and other unallocated costs**
    (2,661 )     (1,690 )     (1,219 )     (765 )
Net loss attributable to Acorn Energy Inc.
  $ (6,275 )   $ (4,296 )   $ (3,152 )   $ (2,079 )

*   Tax expense in 2010 relates to DSIT's consolidated net income. Tax expense in 2011 relates primarily to Chinese withholding taxes on the sale of HangXing (see Note 7).

** Includes stock compensation expense of $299 and $239 for the six month periods ending June 30, 2010 and 2011, respectively. Includes stock compensation expense of $154 and $120 for the three-month periods ending June 30, 2010 and 2011, respectively.