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Liquidity	3 Months Ended
Mar. 31, 2020
Liquidity
Liquidity	NOTE 3—LIQUIDITY As of March 31, 2020, the Company had approximately $1,416,000 in cash. As of May 10, 2020, the Company had cash of approximately $1,881,000 including $461,000 in PPP loan proceeds. OmniMetrix is considered an essential business due to the fact that it provides infrastructure support to both government and commercial sectors and across key industries. The Company has not experienced any material negative impacts due to the COVID-19 pandemic to date. The Company continued to realize new equipment sales just not at the anticipated growth rate and it continued to collect its monthly recurring monitoring revenues and has retained its customer base. While the impacts of COVID-19 in the future are uncertain, the Company believes that due to the need for backup power and the desirability of remote monitoring services, it should be positioned for stable financial performance. Such cash plus the cash generated from operations and borrowing from the OmniMetrix Loan and Security Agreement, will provide sufficient liquidity to finance the operating activities of Acorn and OmniMetrix at their current level of operations for the foreseeable future and for the twelve months from the issuance of these consolidated financial statements in particular.

Liquidity

3 Months Ended

Mar. 31, 2020

NOTE 3—LIQUIDITY

As of March 31, 2020, the Company had approximately $1,416,000 in cash. As of May 10, 2020, the Company had cash of approximately $1,881,000 including $461,000 in PPP loan proceeds. OmniMetrix is considered an essential business due to the fact that it provides infrastructure support to both government and commercial sectors and across key industries. The Company has not experienced any material negative impacts due to the COVID-19 pandemic to date. The Company continued to realize new equipment sales just not at the anticipated growth rate and it continued to collect its monthly recurring monitoring revenues and has retained its customer base. While the impacts of COVID-19 in the future are uncertain, the Company believes that due to the need for backup power and the desirability of remote monitoring services, it should be positioned for stable financial performance. Such cash plus the cash generated from operations and borrowing from the OmniMetrix Loan and Security Agreement, will provide sufficient liquidity to finance the operating activities of Acorn and OmniMetrix at their current level of operations for the foreseeable future and for the twelve months from the issuance of these consolidated financial statements in particular.