LIQUIDITY	3 Months Ended
Mar. 31, 2022
Liquidity
LIQUIDITY	NOTE 3—LIQUIDITY As of March 31, 2022, the Company had approximately $1,784,000 of consolidated cash. At March 31, 2022, the Company had a negative working capital of approximately $202,000. Its working capital included approximately $1,784,000 of cash and deferred revenue of approximately $3,652,000. Such deferred revenue does not require significant cash outlay for the revenue to be recognized. Net cash increased during the three months ended March 31, 2022 by approximately $62,000, of which approximately $221,000 was provided by operating activities and approximately $159,000 was used in investing activities OmniMetrix is considered an essential business because it provides infrastructure support to both government and commercial sectors and across key industries. The Company has experienced minimal negative impacts due to the COVID-19 pandemic to date. Throughout the pandemic, the Company has continued to realize new equipment sales (although not at the anticipated growth rate due to travel and meeting restrictions which have negatively impacted the sales closing timeline), has 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 continue to be positioned for stable financial performance. As of May 11, 2022, the Company had cash of approximately $1,335,000. The Company believes that such cash, plus the cash generated from operations, 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 unaudited condensed consolidated financial statements in particular. The Company may, at some point, elect to obtain a new line of credit or other source of financing to fund additional investments in the business.

LIQUIDITY

3 Months Ended

Mar. 31, 2022

NOTE 3—LIQUIDITY

As of March 31, 2022, the Company had approximately $1,784,000 of consolidated cash.

At March 31, 2022, the Company had a negative working capital of approximately $202,000. Its working capital included approximately $1,784,000 of cash and deferred revenue of approximately $3,652,000. Such deferred revenue does not require significant cash outlay for the revenue to be recognized. Net cash increased during the three months ended March 31, 2022 by approximately $62,000, of which approximately $221,000 was provided by operating activities and approximately $159,000 was used in investing activities

OmniMetrix is considered an essential business because it provides infrastructure support to both government and commercial sectors and across key industries. The Company has experienced minimal negative impacts due to the COVID-19 pandemic to date. Throughout the pandemic, the Company has continued to realize new equipment sales (although not at the anticipated growth rate due to travel and meeting restrictions which have negatively impacted the sales closing timeline), has 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 continue to be positioned for stable financial performance.

As of May 11, 2022, the Company had cash of approximately $1,335,000. The Company believes that such cash, plus the cash generated from operations, 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 unaudited condensed consolidated financial statements in particular. The Company may, at some point, elect to obtain a new line of credit or other source of financing to fund additional investments in the business.