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STOCKHOLDERS’ EQUITY | 9 Months Ended
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Sep. 30, 2025
Equity [Abstract] |
STOCKHOLDERS’ EQUITY | NOTE 8— STOCKHOLDERS’ EQUITY (a) General At September 30, 2025, Acorn had 2,555,717 shares issued and 2,504,626 shares outstanding of its common stock, par value $0.01 per share. Holders of outstanding common stock are entitled to receive dividends when and if declared by the Board and to share ratably in the assets of the Company legally available for distribution in the event of a liquidation, dissolution or winding up of the Company. The Company is not authorized to issue preferred stock. Accordingly, no preferred stock is issued or outstanding. (b) Summary Employee Option Information The Company’s stock option plans provide for the grant to officers, directors and employees of options to purchase shares of common stock. The purchase price may be paid in cash or, if the option is “in-the-money” at the end of the option term, it is automatically exercised “net.” In a net exercise of an option, the Company does not require a payment of the exercise price of the option from the option holder but reduces the number of shares of common stock issued upon the exercise of the option by the smallest number of whole shares that has an aggregate fair market value equal to or in excess of the aggregate exercise price for the option shares covered by the option exercised. Each option is exercisable for one share of the Company’s common stock. Most options expire within five to ten years from the date of the grant and generally vest over a three-year period from the date of the grant. At September 30, 2025, 63,235 options were available for grant under the Amended and Restated 2006 Stock Incentive Plan (the “Plan”) and no options were available for grant under the 2006 Stock Option Plan for Non-Employee Directors. The Plan was amended effective January 1, 2025 to extend the duration of the Plan until December 31, 2034 unless sooner terminated. During the nine-month period ended September 30, 2025, 6,900 options were issued. The options were issued as follows: an aggregate of 2,500 to directors (excluding the CEO), 2,200 to the CEO and 2,200 to the CFO. In the nine- and three-month periods ended September 30, 2025, there were no grants to non-employees (other than the directors, CEO and CFO). There were no options issued in the three-month period ended September 30 2025. During the nine- and three-month periods ended September 30, 2025, 13,257 options were exercised of which 5,973 were exercised in the three-month period ended September 30, 2025. The Company utilized the Black-Scholes option-pricing model to estimate fair value, utilizing the following assumptions for the respective years (all in weighted averages): SCHEDULE OF BLACK-SCHOLES OPTION PRICING ESTIMATE FAIR VALUE
|  | Number of Options (in shares) |  |  | Weighted Average Exercise Price Per Share |  |  | Weighted Average Remaining Contractual Life |  | Aggregate Intrinsic Value |
Outstanding at December 31, 2024 |  |  | 70,149 |  |  | $ | 6.52 |  |  | 3.3 years |  | $ | 806,000 |
Granted |  |  | 6,900 |  |  |  | 17.77 |  |  |  |  |  |  |
Cancelled |  |  | (481 | ) |  |  | 5.86 |  |  |  |  |  |  |
Exercised |  |  | (13,257 | ) |  |  | 6.62 |  |  |  |  |  |  |
Outstanding at September 30, 2025 |  |  | 63,311 |  |  | $ | 7.73 |  |  | 3.5 years |  | $ | 1,303,000 |
Exercisable at September 30, 2025 |  |  | 58,632 |  |  | $ | 7.47 |  |  | 3.4 years |  | $ | 1,221,000 |
The fair value of the options granted of $119,000 during the nine-month period ended September 30, 2025 was estimated on the grant date using the Black-Scholes option-pricing model with the following weighted average assumptions: SCHEDULE OF STOCK OPTIONS FAIR VALUE ASSUMPTIONS ESTIMATED USING BLACK-SCHOLES
Risk-free interest rate |  |  | 4.40 | %
Expected term of options |  |  | 5.6 years |
Expected annual volatility |  |  | 181.8 | %
Expected dividend yield |  |  | — | %
(c) Stock Option Compensation Expense Stock option compensation expense included in selling, general and administrative expenses in the Company’s unaudited condensed consolidated statements of operations was $126,000 and $52,000 for the nine-month periods ended September 30, 2025 and 2024, respectively, and $33,000 and $14,000 for the three-month periods ended September 30, 2025 and 2024, respectively. The total compensation cost related to non-vested awards not yet recognized was $12,000 as of September 30, 2025 which will be recognized over the next twenty-eight months. (d) Stock Repurchases On July 2, 2025, the Company repurchased 843 shares at the July 1, 2025 closing market price of $16.95 per share. These shares were the result of a net exercise of stock options previously granted to a now-deceased employee. On August 19, 2025, the Company repurchased 70 shares at the August 18, 2025 closing market price of $26.25 per share. These shares were the result of a net exercise of stock options previously granted to a now-terminated employee.

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