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Subsequent Events | 12 Months Ended
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Dec. 31, 2017
Subsequent Events [Abstract] |
Subsequent Events | NOTE 21—SUBSEQUENT EVENTS Sale of DSIT Investment On February 14, 2018, the Company closed on the 2018 DSIT Transaction initially entered into on January 18, 2018 for the sale of the Company’s remaining 41.15% interest in its DSIT Solutions Ltd. business to an Israeli investor group. At closing, Acorn received gross proceeds of $5,800 before transaction costs, professional fees and withholding taxes. As the carrying value of the Company’s investment in DSIT at December 31, 2017 (see Note 3) was greater than the gross proceeds from the 2018 DSIT Transaction, the Company recorded an impairment of its investment in DSIT to reduce its carrying value at December 31, 2017 to be equal to the gross proceeds from the 2018 DSIT Transaction. In the first quarter of 2018, the Company will record its 41.15% share of DSIT’s income or loss through February 14, 2018. In addition, the Company will also record the approximately $460 of transaction costs and $388 of withholding taxes associated with the transaction. The Unaudited Pro Forma Condensed Consolidated Balance Sheet below (the “Pro Forma Balance Sheet”) has been prepared as if the 2018 DSIT Transaction occurred on December 31, 2017. This Pro Forma Balance Sheet gives effect to unaudited pro forma adjustments necessary to account for the sale (including transaction costs and withholding taxes), the assignment of the amounts due to DSIT to the purchasers and the subsequent repayment of amounts due to directors. UNAUDITED PRO FORMA CONDENSED CONSOLIDATED BALANCE SHEET As of December 31, 2017 (in thousands, except per share data)
|  | Acorn consolidated |  |  | Pro Forma Adjustments |  |  | Note |  |  | Pro Forma |
Cash, cash equivalents and escrow |  | $ | 481 |  |  | $ | 1,945 |  |  |  | (1) |  |  | $ | 2,426 |
Investment in DSIT |  |  | 5,800 |  |  |  | (5,800 | ) |  |  | (2) |  |  |  | — |
Other current assets |  |  | 2,422 |  |  |  |  |  |  |  |  |  |  |  | 2,422 |
Total current assets |  |  | 8,703 |  |  |  | (3,855 | ) |  |  |  |  |  |  | 4,848 |
Other non-current assets |  |  | 519 |  |  |  |  |  |  |  |  |  |  |  | 519 |
Total assets |  | $ | 9,222 |  |  | $ | (3,855 | ) |  |  |  |  |  | $ | 5,367 |
Due to DSIT |  | $ | 1,624 |  |  | $ | (1,600 | ) |  |  | (3) |  |  | $ | 24 |
Due to Acorn directors |  |  | 1,690 |  |  |  | (1,407 | ) |  |  | (4) |  |  |  | 283 |
Other current liabilities |  |  | 4,206 |  |  |  |  |  |  |  |  |  |  |  | 4,206 |
Non-current liabilities |  |  | 950 |  |  |  |  |  |  |  |  |  |  |  | 950 |
Total liabilities |  |  | 8,470 |  |  |  | (3,007 | ) |  |  |  |  |  |  | 5,463 |
Total Acorn Energy, Inc. shareholders’ equity (deficiency) |  |  | 471 |  |  |  | (848 | ) |  |  | (5) |  |  |  | (377 | )
Non-controlling interests |  |  | 281 |  |  |  |  |  |  |  |  |  |  |  | 281 |
Total equity (deficiency) |  |  | 752 |  |  |  | (848 | ) |  |  |  |  |  |  | (96 | )
Total liabilities and equity |  | $ | 9,222 |  |  | $ | (3,855 | ) |  |  |  |  |  | $ | 5,367 |
(1) – Represents the gross proceeds from the 2018 DSIT Transaction ($5,800) less the assignment of $1,600 of the amounts Due to DSIT, payment of $1,407 of amounts Due to Acorn directors at December 31, 2017, withholding taxes of $388 and estimated transaction costs of $460. (2) –Represents the elimination of the Investment in DSIT following the 2018 DSIT Transaction. (3) – Represents assignment of $1,600 of the Due to DSIT balance to the purchasers in the 2018 DSIT Transaction. (4) – Represents repayment of 2017 Director Loans and interest accrued through December 31, 2017 (see Note 18(c)) (5) – Represents the net loss effect of the 2018 DSIT Transaction comprised of withholding taxes of $388 and estimated transaction costs of $460. Repayment of Loans from Directors On February 22, 2018, following the receipt of the proceeds from the 2018 DSIT Transaction (see above), the Company repaid in full $1,300 of principal and $128 accrued interest due through that date with respect to the 2017 Director Loans (see Note 18(c)).

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 + Details
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