XML 61 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 4,821us-gaap_CashAndCashEquivalentsAtCarryingValue $ 16,531us-gaap_CashAndCashEquivalentsAtCarryingValue
Restricted deposit 467us-gaap_RestrictedInvestmentsCurrent 306us-gaap_RestrictedInvestmentsCurrent
Accounts receivable, net 4,902us-gaap_AccountsReceivableNetCurrent 5,710us-gaap_AccountsReceivableNetCurrent
Unbilled revenue 7,890us-gaap_UnbilledContractsReceivable 6,421us-gaap_UnbilledContractsReceivable
Inventory 1,374us-gaap_InventoryNet 2,261us-gaap_InventoryNet
Other current assets 1,813us-gaap_OtherAssetsCurrent 1,546us-gaap_OtherAssetsCurrent
Current assets - discontinued operations 143us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent 3,176us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
Total current assets 21,410us-gaap_AssetsCurrent 35,951us-gaap_AssetsCurrent
Property and equipment, net 1,080us-gaap_PropertyPlantAndEquipmentNet 1,146us-gaap_PropertyPlantAndEquipmentNet
Severance assets 3,256ACFN_SeveranceAssetsnoncurrent 3,539ACFN_SeveranceAssetsnoncurrent
Restricted deposits 650us-gaap_RestrictedCashAndCashEquivalentsNoncurrent   
Intangible assets, net 1,211us-gaap_IntangibleAssetsNetExcludingGoodwill 1,550us-gaap_IntangibleAssetsNetExcludingGoodwill
Goodwill 1,031us-gaap_Goodwill 3,027us-gaap_Goodwill
Other assets 905us-gaap_OtherAssetsNoncurrent 838us-gaap_OtherAssetsNoncurrent
Non-current assets - discontinued operations    4,905us-gaap_DisposalGroupIncludingDiscontinuedOperationLongLivedAssets
Total assets 29,543us-gaap_Assets 50,956us-gaap_Assets
Current liabilities:    
Short-term bank credit and current maturities of long-term debt 4,419us-gaap_DebtCurrent 1,143us-gaap_DebtCurrent
Accounts payable 2,187us-gaap_AccountsPayableCurrent 1,945us-gaap_AccountsPayableCurrent
Accrued payroll, payroll taxes and social benefits 1,584us-gaap_EmployeeRelatedLiabilitiesCurrent 2,028us-gaap_EmployeeRelatedLiabilitiesCurrent
Deferred revenue 1,634us-gaap_DeferredRevenueCurrent 1,729us-gaap_DeferredRevenueCurrent
Other current liabilities 3,028us-gaap_OtherLiabilitiesCurrent 3,136us-gaap_OtherLiabilitiesCurrent
Current liabilities held for sale 4,693us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation 3,890us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
Total current liabilities 17,545us-gaap_LiabilitiesCurrent 13,871us-gaap_LiabilitiesCurrent
Long-term liabilities:    
Accrued severance 4,594ACFN_SupplementalUnemploymentBenefitsSeverancenoncurrent 4,973ACFN_SupplementalUnemploymentBenefitsSeverancenoncurrent
Other long-term liabilities 1,011us-gaap_OtherLiabilitiesNoncurrent 600us-gaap_OtherLiabilitiesNoncurrent
Total long-term liabilities 5,605us-gaap_LiabilitiesNoncurrent 5,573us-gaap_LiabilitiesNoncurrent
Commitments and contingencies (Note 13)      
Equity:    
Common stock - $0.01 par value per share: Authorized - 30,000,000 shares; Issued - 22,957,859 and 27,277,511 shares at December 31, 2013 and 2014, respectively. 272us-gaap_CommonStockValue 229us-gaap_CommonStockValue
Additional paid-in capital 97,607us-gaap_AdditionalPaidInCapitalCommonStock 93,943us-gaap_AdditionalPaidInCapitalCommonStock
Warrants 1,641us-gaap_WarrantsAndRightsOutstanding 526us-gaap_WarrantsAndRightsOutstanding
Accumulated deficit (86,592)us-gaap_RetainedEarningsAccumulatedDeficit (59,447)us-gaap_RetainedEarningsAccumulatedDeficit
Treasury stock, at cost - 801,920 shares at December 31, 2013 and 2014 respectively. (3,036)us-gaap_TreasuryStockValue (3,036)us-gaap_TreasuryStockValue
Accumulated other comprehensive income (loss) (212)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax 184us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Total Acorn Energy, Inc. shareholders' equity 9,680us-gaap_StockholdersEquity 32,399us-gaap_StockholdersEquity
Non-controlling interests (3,287)us-gaap_MinorityInterest (887)us-gaap_MinorityInterest
Total equity 6,393us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 31,512us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Total liabilities and equity $ 29,543us-gaap_LiabilitiesAndStockholdersEquity $ 50,956us-gaap_LiabilitiesAndStockholdersEquity