RELATED PARTY BALANCES AND TRANSACTIONS	12 Months Ended
Dec. 31, 2022
Related Party Transactions [Abstract]
RELATED PARTY BALANCES AND TRANSACTIONS	NOTE 10—RELATED PARTY BALANCES AND TRANSACTIONS a) Officer and Director Fees The Company recorded fees to officers of $522,000 and $517,000 for the years ended December 31, 2022 and 2021, respectively, which is included in selling, general and administrative expenses. The Company recorded fees to directors of $59,000 for the years ended December 31, 2022 and 2021, which is included in selling, general and administrative expenses. The Company issued 145,770 (115,000 to directors and executive officers and 30,770 to other employees) and 232,770 (165,000 to directors and executive officers and 67,770 to other employees) options, in 2022 and 2021, respectively. 35,000 options were exercised in the year ended December 31, 2022. No options were exercised in the year ended December 31, 2021. See Note 8 for further discussion. Each Director of the Company may elect by written notice delivered on or before the first day of each calendar year whether to receive, in lieu of some or all of his or her retainer and board fees, that number of shares of Company common stock as shall have a value equal to the applicable retainer and board fees, based on the closing price of the Company’s common stock on its then-current trading platform or exchange on the last trading day immediately preceding the first day of the applicable year. Once made, the election shall be irrevocable for such election year and the shares subject to the election shall vest and be issued one-fourth upon the first day of the election year and one-fourth as of the first day of each of the second through fourth calendar quarters thereafter during the remainder of the election year. b) Intercompany The intercompany balance due to Acorn from OmniMetrix is $3,677,000 for amounts loaned, accrued interest and expenses paid by Acorn on Omni’s behalf as of December 31, 2022 as compared to $4,217,000 as of December 31, 2021. This balance is eliminated in consolidation. During 2022, the intercompany amount due to Acorn from OmniMetrix decreased by $540,000. This included repayments of $985,000 offset by interest of $179,000, dividends of $76,000 due to Acorn and $190,000 in shared expenses paid by Acorn. During 2021, the intercompany amount due to Acorn from OmniMetrix decreased by $359,000. This included repayments of $677,000 offset by interest of $194,000, dividends of $76,000 due to Acorn and $48,000 in shared expenses paid by Acorn.

RELATED PARTY BALANCES AND TRANSACTIONS

12 Months Ended

Dec. 31, 2022

NOTE 10—RELATED PARTY BALANCES AND TRANSACTIONS

a) Officer and Director Fees

The Company recorded fees to officers of $522,000 and $517,000 for the years ended December 31, 2022 and 2021, respectively, which is included in selling, general and administrative expenses.

The Company recorded fees to directors of $59,000 for the years ended December 31, 2022 and 2021, which is included in selling, general and administrative expenses.

The Company issued 145,770 (115,000 to directors and executive officers and 30,770 to other employees) and 232,770 (165,000 to directors and executive officers and 67,770 to other employees) options, in 2022 and 2021, respectively. 35,000 options were exercised in the year ended December 31, 2022. No options were exercised in the year ended December 31, 2021. See Note 8 for further discussion.

Each Director of the Company may elect by written notice delivered on or before the first day of each calendar year whether to receive, in lieu of some or all of his or her retainer and board fees, that number of shares of Company common stock as shall have a value equal to the applicable retainer and board fees, based on the closing price of the Company’s common stock on its then-current trading platform or exchange on the last trading day immediately preceding the first day of the applicable year. Once made, the election shall be irrevocable for such election year and the shares subject to the election shall vest and be issued one-fourth upon the first day of the election year and one-fourth as of the first day of each of the second through fourth calendar quarters thereafter during the remainder of the election year.

b) Intercompany

The intercompany balance due to Acorn from OmniMetrix is $3,677,000 for amounts loaned, accrued interest and expenses paid by Acorn on Omni’s behalf as of December 31, 2022 as compared to $4,217,000 as of December 31, 2021. This balance is eliminated in consolidation. During 2022, the intercompany amount due to Acorn from OmniMetrix decreased by $540,000. This included repayments of $985,000 offset by interest of $179,000, dividends of $76,000 due to Acorn and $190,000 in shared expenses paid by Acorn. During 2021, the intercompany amount due to Acorn from OmniMetrix decreased by $359,000. This included repayments of $677,000 offset by interest of $194,000, dividends of $76,000 due to Acorn and $48,000 in shared expenses paid by Acorn.