XML 22 R11.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

LIQUIDITY | 6 Months Ended
--- | ---
Jun. 30, 2024
Liquidity |
LIQUIDITY | NOTE 3—LIQUIDITY As of June 30, 2024, the Company had $1,463,000 of consolidated cash. At June 30, 2024, the Company had a negative working capital of $423,000. Its working capital includes $1,463,000 of cash and deferred revenue of $3,590,000. Such deferred revenue does not require a significant cash outlay for the revenue to be recognized. Total deferred revenue decreased by $1,004,000, from $5,584,000 at December 31, 2023 to $4,580,000 at June 30, 2024, as a result of the sales mix of products sold. Based on the current products being sold, the Company expects continued decreases in the deferred revenue balance in the foreseeable future. The balance of deferred hardware revenue at June 30, 2024 will continue to be amortized over the months remaining in the three-year period since the hardware’s original date of shipment. Net cash increased during the six-month period ended June 30, 2024 by $14,000, with $41,000 provided by operating activities, $40,000 used in investing activities, and $13,000 provided by financing activities. As of August 6, 2024, the Company had cash of $1,546,000. The Company believes that such cash, plus the cash expected to be generated from operations, will provide sufficient liquidity to finance the corporate activities of Acorn and operating activities of OmniMetrix at their current level of operations for at least the twelve-month period from the issuance of these unaudited condensed consolidated financial statements. The Company may, at some point, elect to obtain financing to fund additional investments in the business. If the Company decides to pursue additional financing in the future, it may be in the form of a bank line, a new loan or investment by others, an equity raise by Acorn which could then facilitate a loan by Acorn to OmniMetrix, or any combination thereof. Whether alternative funds, such as third-party loans or investments, will be available at the time and on terms acceptable to Acorn and OmniMetrix cannot be determined at this time.

X
- References No definition available. + Details
Name: | ACFN_DisclosureLiquidityAbstract
Namespace Prefix: | ACFN_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Liquidity [Text Block] + References No definition available. + Details
Name: | ACFN_LiquidityTextBlock
Namespace Prefix: | ACFN_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration