XML 13 R17.htm IDEA: XBRL DOCUMENT v2.3.0.15
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.