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DSIT Solutions, Ltd. ('DSIT') (Tables)

12 Months Ended

Dec. 31, 2018

Net income (loss) before income taxes for reportable segments

Schedule of Assets and Liabilities

		December 31, 2017
		(unaudited)
Current assets:
Cash and cash equivalents		$	112
Restricted deposits			353
Accounts receivable			7,601
Unbilled revenue			3,433
Inventory			755
Due from Acorn			1,624
Other current assets			1,051
Total current assets			14,929
Property and equipment, net			563
Severance assets			4,168
Restricted deposits			2
Other assets			348
Total assets		$	20,010

Current liabilities:
Short-term bank credit and current maturities of long-term bank debt		$	339
Accounts payable			730
Accrued payroll, payroll taxes and social benefits			1,627
Deferred revenue			682
Other current liabilities			3,088
Total current liabilities			6,466
Accrued severance			5,383
Other long-term liabilities			106
Total liabilities		$	11,955

Schedule of Condensed Consolidated Statements of Operations

The Company’s share of DSIT’s net income for the period from January 1, 2018 to the Closing Date and the year-ended December 31, 2017 is shown below:

		Period from January 1, 2018 to the Closing Date				Year ended December 31, 2017

Revenue		$	4,481			$	17,245
Cost of sales			2,842				10,644
Gross profit			1,639				6,601

Net income		$	160			$	1,093

Acorn’s share of net income in DSIT		$	33			$	450

Schedule of Equity Investment Balance in DSIT

The activity of the Company’s Investment in DSIT for the period from January 1, 2018 to December 31, 2018 can be seen below:

		Equity Investment balance in DSIT
Balance at December 31, 2016		$	5,658
Acorn’s share of net income in DSIT for the year ended December 31, 2017			450
Impairment			(308	)
Balance at December 31, 2017			5,800
Acorn’s share of net income in DSIT for the period from January 1, 2018 to the Closing Date			33
Impairment			(33	)
Sale of Investment in DSIT			(5,800	)
Balance at December 31, 2018		$	—