XML 12 R2.htm IDEA: XBRL DOCUMENT v3.23.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash $ 1,346,000 $ 1,450,000
Accounts receivable, net 771,000 597,000
Inventory, net 804,000 789,000
Deferred cost of goods sold (COGS) 898,000 887,000
Other current assets 312,000 288,000
Total current assets 4,131,000 4,011,000
Property and equipment, net 641,000 653,000
Operating right-of-use assets, net 272,000 298,000
Deferred COGS 759,000 807,000
Other assets 211,000 215,000
Total assets 6,014,000 5,984,000
Current liabilities:    
Accounts payable 361,000 243,000
Accrued expenses 137,000 171,000
Deferred revenue 4,047,000 3,984,000
Current operating lease liabilities 118,000 116,000
Other current liabilities 48,000 58,000
Total current liabilities 4,711,000 4,572,000
Long-term liabilities:    
Deferred revenue 2,169,000 2,187,000
Noncurrent operating lease liabilities 190,000 220,000
Other long-term liabilities 18,000 16,000
Total long-term liabilities 2,377,000 2,423,000
Commitments and contingencies (Note 7)
Acorn Energy, Inc. stockholders    
Common stock - $0.01 par value per share: Authorized – 42,000,000 shares; issued and outstanding – 39,757,589 and 39,722,589 shares at March 31, 2023 and December 31, 2022, respectively 397,000 397,000
Additional paid-in capital 102,911,000 102,889,000
Accumulated stockholders’ deficit (101,352,000) (101,267,000)
Treasury stock, at cost – 801,920 shares at March 31, 2023 and December 31, 2022 (3,036,000) (3,036,000)
Total Acorn Energy, Inc. stockholders’ deficit (1,080,000) (1,017,000)
Non-controlling interests 6,000 6,000
Total stockholders’ deficit (1,074,000) (1,011,000)
Total liabilities and stockholders’ deficit $ 6,014,000 $ 5,984,000