XML 42 R4.htm IDEA: XBRL DOCUMENT v3.2.0.727
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues:        
Projects $ 3,338 $ 2,654 $ 6,304 $ 5,446
Products 930 1,563 2,063 2,766
Services 539 506 1,058 965
Total revenues 4,807 4,723 9,425 9,177
Cost of sales:        
Projects 2,073 2,166 4,252 4,126
Products 947 1,163 1,747 2,114
Services 122 118 242 231
Total cost of sales 3,142 3,447 6,241 6,471
Gross profit 1,665 1,276 3,184 2,706
Operating expenses:        
Research and development expenses, net of credits 636 731 1,201 1,458
Selling, general and administrative expenses 2,998 $ 3,126 5,779 $ 6,444
Impairments $ 850   $ 850  
Provision for loss - channel partner   $ 649   $ 649
Restructuring and related charges   198   198
Total operating expenses $ 4,484 4,704 $ 7,830 8,749
Operating loss (2,819) (3,428) (4,646) (6,043)
Finance expense, net (106) (87) (94) (146)
Loss before income taxes (2,925) (3,515) (4,740) (6,189)
Income tax benefit (expense) (22) (168) 11 (113)
Net loss from continuing operations (2,947) (3,683) (4,729) (6,302)
Loss from discontinued operations, net of income taxes (229) (2,238) (1,381) (4,194)
Net loss (3,176) (5,921) (6,110) (10,496)
Non-controlling interest share of net (income) loss - continuing operations (4) 113 17 138
Non-controlling interest share of net loss - discontinued operations 31 281 175 527
Net loss attributable to Acorn Energy, Inc. shareholders $ (3,149) $ (5,527) $ (5,918) $ (9,831)
Basic and diluted net loss per share attributable to Acorn Energy, Inc. shareholders:        
Continuing operations $ (0.11) $ (0.16) $ (0.18) $ (0.28)
Discontinued operations (0.01) (0.09) (0.04) (0.16)
Total attributable to Acorn Energy, Inc. shareholders $ (0.12) $ (0.25) $ (0.22) $ (0.44)
Weighted average number of shares outstanding attributable to Acorn Energy, Inc. shareholders - basic and diluted 26,476 22,190 26,476 22,180