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LIQUIDITY	3 Months Ended
Mar. 31, 2023
Liquidity
LIQUIDITY	NOTE 3—LIQUIDITY As of March 31, 2023, the Company had $1,346,000 of cash. At March 31, 2023, the Company had a negative working capital of $580,000. Its working capital included $1,346,000 of cash and deferred revenue of $4,047,000. Such deferred revenue does not require a significant cash outlay for the revenue to be recognized. Net cash decreased during the three months ended March 31, 2023 by $104,000, of which $83,000 was used by operating activities, $26,000 was used in investing activities and $5,000 was provided by financing activities. As of May 9, 2023, the Company had cash of $1,543,000. 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 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, 2023

NOTE 3—LIQUIDITY

As of March 31, 2023, the Company had $1,346,000 of cash.

At March 31, 2023, the Company had a negative working capital of $580,000. Its working capital included $1,346,000 of cash and deferred revenue of $4,047,000. Such deferred revenue does not require a significant cash outlay for the revenue to be recognized. Net cash decreased during the three months ended March 31, 2023 by $104,000, of which $83,000 was used by operating activities, $26,000 was used in investing activities and $5,000 was provided by financing activities.

As of May 9, 2023, the Company had cash of $1,543,000. 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 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.