XML 16 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Income Statement [Abstract]        
Revenue $ 942 $ 4,402 $ 7,618 $ 12,217
Cost of sales 418 2,579 4,681 7,483
Gross profit 524 1,823 2,937 4,734
Operating expenses:        
Research and development expenses, net of credits 133 323 791 1,225
Selling, general and administrative expenses 1,015 2,449 4,845 7,242
Total operating expenses 1,148 2,772 5,636 8,467
Operating loss (624) (949) (2,699) (3,733)
Finance expense, net (11) (250) (558) (314)
Loss before income taxes (635) (1,199) (3,257) (4,047)
Income tax expense (58) (19) (45)
Net loss after income taxes (635) (1,257) (3,276) (4,092)
Gain on sale of interest in DSIT, net of income taxes and transaction costs 3,543
Share of income in DSIT 38 63
Income (loss) before discontinued operations (597) (1,257) 330 (4,092)
Income (loss) from discontinued operations, net of income taxes 1,187 (1,376) (423) (4,651)
Net income (loss) 590 (2,633) (93) (8,743)
Non-controlling interest share of net (income) loss - continuing operations 62 (45) 206 (29)
Non-controlling interest share of net (income) loss - discontinued operations (78) 98
Net income (loss) attributable to Acorn Energy, Inc. shareholders $ 652 $ (2,756) $ 113 $ (8,674)
Basic and diluted net income (loss) per share attributable to Acorn Energy, Inc. shareholders:        
Continuing operations $ (0.02) $ (0.05) $ 0.02 $ (0.16)
Discontinued operations 0.04 (0.05) (0.02) (0.17)
Total attributable to Acorn Energy, Inc. shareholders $ 0.02 $ (0.10) $ 0 $ (0.33)
Weighted average number of shares outstanding attributable to Acorn Energy, Inc. shareholders – basic 29,323 26,933 28,208 26,629
Weighted average number of shares outstanding attributable to Acorn Energy, Inc. shareholders – diluted 29,323 26,933 28,246 26,629