2013 Q1 Form 10-Q Financial Statement

#000088098413000008 Filed on May 09, 2013

View on sec.gov

Income Statement

Concept 2013 Q1 2012 Q1
Revenue $5.716M $4.183M
YoY Change 36.65% 35.15%
Cost Of Revenue $3.591M $2.983M
YoY Change 20.38% 55.28%
Gross Profit $2.125M $1.200M
YoY Change 77.08% 2.21%
Gross Profit Margin 37.18% 28.69%
Selling, General & Admin $5.256M $4.229M
YoY Change 24.28% 54.17%
% of Gross Profit 247.34% 352.42%
Research & Development $2.001M $1.318M
YoY Change 51.82% 168.98%
% of Gross Profit 94.16% 109.83%
Depreciation & Amortization $379.0K $294.0K
YoY Change 28.91% 44.83%
% of Gross Profit 17.84% 24.5%
Operating Expenses $7.257M $5.547M
YoY Change 30.83% 71.57%
Operating Profit -$5.132M -$4.347M
YoY Change 18.06% 111.12%
Interest Expense $10.00K -$20.00K
YoY Change -150.0% -83.33%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$5.118M -$4.370M
YoY Change 17.12% 159.5%
Income Tax $69.00K $75.00K
% Of Pretax Income
Net Earnings -$4.975M -$4.189M
YoY Change 18.76% 88.95%
Net Earnings / Revenue -87.04% -100.14%
Basic Earnings Per Share -$0.24
Diluted Earnings Per Share -$275.4K -$237.0K
COMMON SHARES
Basic Shares Outstanding 18.07M shares 17.68M shares
Diluted Shares Outstanding 17.68M shares

Balance Sheet

Concept 2013 Q1 2012 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $20.20M $39.40M
YoY Change -48.73% 506.15%
Cash & Equivalents $20.16M $21.40M
Short-Term Investments $18.00M
Other Short-Term Assets $3.618M $1.509M
YoY Change 139.76% -60.29%
Inventory $5.363M $2.922M
Prepaid Expenses
Receivables $2.593M $4.443M
Other Receivables $0.00 $0.00
Total Short-Term Assets $38.57M $59.35M
YoY Change -35.0% 126.52%
LONG-TERM ASSETS
Property, Plant & Equipment $1.599M $797.0K
YoY Change 100.63% -92.62%
Goodwill $6.646M $6.815M
YoY Change -2.48%
Intangibles $9.305M $10.02M
YoY Change -7.16%
Long-Term Investments
YoY Change
Other Assets $863.0K $217.0K
YoY Change 297.7% -93.97%
Total Long-Term Assets $21.77M $21.31M
YoY Change 2.18% -33.2%
TOTAL ASSETS
Total Short-Term Assets $38.57M $59.35M
Total Long-Term Assets $21.77M $21.31M
Total Assets $60.35M $80.66M
YoY Change -25.18% 38.82%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.641M $1.981M
YoY Change -17.16% -54.98%
Accrued Expenses $2.200M $1.800M
YoY Change 22.22% 0.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $300.0K $500.0K
YoY Change -40.0% -58.33%
Total Short-Term Liabilities $8.506M $10.10M
YoY Change -15.77% -24.07%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $117.0K
YoY Change -100.0% -70.75%
Other Long-Term Liabilities $763.0K $236.0K
YoY Change 223.31% -94.76%
Total Long-Term Liabilities $5.365M $4.407M
YoY Change 21.74% -10.06%
TOTAL LIABILITIES
Total Short-Term Liabilities $8.506M $10.10M
Total Long-Term Liabilities $5.365M $4.407M
Total Liabilities $13.87M $14.51M
YoY Change -4.38% -43.78%
SHAREHOLDERS EQUITY
Retained Earnings -$34.71M -$17.20M
YoY Change 101.79%
Common Stock $83.40M $86.16M
YoY Change -3.2%
Preferred Stock
YoY Change
Treasury Stock (at cost) -$3.036M -$3.036M
YoY Change 0.0%
Treasury Stock Shares 801.9K shares 801.9K shares
Shareholders Equity $46.38M $66.76M
YoY Change
Total Liabilities & Shareholders Equity $60.35M $80.66M
YoY Change -25.18% 38.82%

Cashflow Statement

Concept 2013 Q1 2012 Q1
OPERATING ACTIVITIES
Net Income -$4.975M -$4.189M
YoY Change 18.76% 88.95%
Depreciation, Depletion And Amortization $379.0K $294.0K
YoY Change 28.91% 44.83%
Cash From Operating Activities -$4.734M -$4.714M
YoY Change 0.42% 1307.16%
INVESTING ACTIVITIES
Capital Expenditures $861.0K $228.0K
YoY Change 277.63% 105.41%
Acquisitions $0.00 $7.835M
YoY Change -100.0%
Other Investing Activities $10.00K -$7.600M
YoY Change -100.13% -1234.33%
Cash From Investing Activities -$855.0K -$7.823M
YoY Change -89.07% -5147.1%
FINANCING ACTIVITIES
Cash Dividend Paid $517.0K $1.496M
YoY Change -65.44%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $38.00K $52.00K
YoY Change -26.92% -68.1%
Cash From Financing Activities -$397.0K -$447.0K
YoY Change -11.19% 8.76%
NET CHANGE
Cash From Operating Activities -$4.734M -$4.714M
Cash From Investing Activities -$855.0K -$7.823M
Cash From Financing Activities -$397.0K -$447.0K
Net Change In Cash -$5.986M -$12.98M
YoY Change -53.9% 2096.95%
FREE CASH FLOW
Cash From Operating Activities -$4.734M -$4.714M
Capital Expenditures $861.0K $228.0K
Free Cash Flow -$5.595M -$4.942M
YoY Change 13.21% 1008.07%

Facts In Submission

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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">RECENT AUTHORITATIVE GUIDANCE</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Effective January 1, 2013, the Company adopted the authoritative guidance, issued by the Financial Accounting Standards Board (&#8220;FASB&#8221;) in February, 2013, related to reclassifications out of accumulated other comprehensive income (&#8220;OCI&#8221;). Under this update, an entity is required to report, in one place, information about reclassifications out of accumulated OCI and to report changes in its accumulated OCI balances. For significant items reclassified out of accumulated OCI to net income in their entirety in the same reporting period, reporting is required about the effect of the reclassifications on the respective line items in the statement where net income is presented. For items that are not reclassified to net income in their entirety in the same reporting period, a cross reference to other disclosures currently required under GAAP is required in the notes to the financial statements. The adoption of this guidance had no impact on the Company's consolidated financial statements.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">There have been no other recent accounting pronouncements or changes in accounting pronouncements during the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">three</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">March&#160;31, 2013</font><font style="font-family:inherit;font-size:10pt;">, that are of material significance, or have potential material significance, to the Company.</font></div></div>
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CY2012Q1 us-gaap Proceeds From Lines Of Credit
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CY2013Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
158000 USD
CY2012Q1 us-gaap Proceeds From Sale Of Restricted Investments
ProceedsFromSaleOfRestrictedInvestments
386000 USD
CY2013Q1 us-gaap Proceeds From Sale Of Restricted Investments
ProceedsFromSaleOfRestrictedInvestments
132000 USD
CY2013Q1 us-gaap Profit Loss
ProfitLoss
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CY2012Q1 us-gaap Profit Loss
ProfitLoss
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CY2012Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
927000 USD
CY2013Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1599000 USD
CY2012Q1 acfn Exercise Of Options And Warrants
ExerciseOfOptionsAndWarrants
1293000 USD
CY2013Q1 acfn Exercise Of Options And Warrants
ExerciseOfOptionsAndWarrants
0 USD
CY2013Q1 acfn Finance Income Expense Net
FinanceIncomeExpenseNet
14000 USD
CY2012Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
52000 USD
CY2013Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
38000 USD
CY2012Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1318000 USD
CY2013Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
2001000 USD
us-gaap Restatement Of Prior Year Income Net Of Tax
RestatementOfPriorYearIncomeNetOfTax
-288000 USD
us-gaap Restatement Of Prior Year Income Net Of Tax
RestatementOfPriorYearIncomeNetOfTax
-103000 USD
CY2012Q2 us-gaap Restatement Of Prior Year Income Net Of Tax
RestatementOfPriorYearIncomeNetOfTax
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CY2012Q3 us-gaap Restatement Of Prior Year Income Net Of Tax
RestatementOfPriorYearIncomeNetOfTax
-185000 USD
CY2012Q1 us-gaap Restatement Of Prior Year Income Net Of Tax
RestatementOfPriorYearIncomeNetOfTax
-11000 USD
CY2013Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
736000 USD
CY2012Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
814000 USD
CY2012Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
115000 USD
CY2013Q1 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
118000 USD
CY2013Q1 us-gaap Restricted Investments Current
RestrictedInvestmentsCurrent
618000 USD
CY2012Q4 us-gaap Restricted Investments Current
RestrictedInvestmentsCurrent
699000 USD
CY2013Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-34708000 USD
CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
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CY2012Q1 us-gaap Revenue Other Manufactured Products
RevenueOtherManufacturedProducts
928000 USD
CY2013Q1 us-gaap Revenue Other Manufactured Products
RevenueOtherManufacturedProducts
1707000 USD
CY2013Q1 us-gaap Revenues From External Customers
RevenuesFromExternalCustomers
5716000 USD
CY2012Q1 us-gaap Revenues From External Customers
RevenuesFromExternalCustomers
4183000 USD
CY2013Q1 us-gaap Revenues From Transactions With Other Operating Segments Of Same Entity
RevenuesFromTransactionsWithOtherOperatingSegmentsOfSameEntity
39000 USD
CY2012Q1 us-gaap Revenues From Transactions With Other Operating Segments Of Same Entity
RevenuesFromTransactionsWithOtherOperatingSegmentsOfSameEntity
0 USD
CY2012Q1 us-gaap Sales Revenue Net
SalesRevenueNet
4183000 USD
CY2013Q1 us-gaap Sales Revenue Net
SalesRevenueNet
5716000 USD
CY2013Q1 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
427000 USD
CY2012Q1 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
219000 USD
CY2013Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
5256000 USD
CY2012Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
4229000 USD
CY2012Q1 us-gaap Share Based Compensation
ShareBasedCompensation
142000 USD
CY2013Q1 us-gaap Share Based Compensation
ShareBasedCompensation
281000 USD
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.02
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.57
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.013
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
1010688 shares
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
0 shares
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
0.00
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
46461 shares
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
3076000 USD
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1357858 shares
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1311397 shares
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
5.20
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
5.27
CY2013Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y8M
CY2013Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
2984000 USD
CY2013Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y0M26D
CY2013Q1 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
4.40
CY2013Q1 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
P4Y4M24D
CY2013Q1 us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
18976 shares
CY2013Q1 us-gaap Stock Issued During Period Shares Other
StockIssuedDuringPeriodSharesOther
2954000 shares
CY2013Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0 shares
CY2013Q1 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
0 USD
CY2013Q1 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
117000 USD
CY2012Q1 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
69000 USD
CY2013Q1 us-gaap Stockholders Equity
StockholdersEquity
46376000 USD
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
51659000 USD
CY2012Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
51945000 USD
CY2013Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
46474000 USD
CY2013Q1 us-gaap Subsidiary Or Equity Method Investee Cumulative Percentage Ownership After All Transactions
SubsidiaryOrEquityMethodInvesteeCumulativePercentageOwnershipAfterAllTransactions
0.950
CY2013Q1 us-gaap Supplemental Unemployment Benefits Severance Benefits
SupplementalUnemploymentBenefitsSeveranceBenefits
4602000 USD
CY2012Q4 us-gaap Supplemental Unemployment Benefits Severance Benefits
SupplementalUnemploymentBenefitsSeveranceBenefits
4491000 USD
CY2012Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
801920 shares
CY2013Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
801920 shares
CY2013Q1 us-gaap Treasury Stock Value
TreasuryStockValue
-3036000 USD
CY2012Q4 us-gaap Treasury Stock Value
TreasuryStockValue
-3036000 USD
CY2013Q1 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
6218000 USD
CY2012Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
5213000 USD
CY2013Q1 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
44000 USD
CY2012Q4 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
55000 USD
CY2012Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
17680000 shares
CY2013Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
18077000 shares
CY2012Q1 acfn Adjustment Of Additional Paid In Capital And Noncontrolling Interests From Investment In Noncontrolling Interests
AdjustmentOfAdditionalPaidInCapitalAndNoncontrollingInterestsFromInvestmentInNoncontrollingInterests
273000 USD
CY2013Q1 acfn Adjustment Of Additional Paid In Capital And Noncontrolling Interests From Investment In Noncontrolling Interests
AdjustmentOfAdditionalPaidInCapitalAndNoncontrollingInterestsFromInvestmentInNoncontrollingInterests
USD
CY2013Q1 acfn Amounts Funded For Severance Assets
AmountsFundedForSeveranceAssets
73000 USD
CY2012Q1 acfn Amounts Funded For Severance Assets
AmountsFundedForSeveranceAssets
84000 USD
CY2013Q1 acfn Average Exercise Price Warrants Expired Or Forfeited
AverageExercisePriceWarrantsExpiredOrForfeited
0
CY2011Q4 acfn Cash And Cash Equivalents At Beginning Of Year Of Continuing Operations
CashAndCashEquivalentsAtBeginningOfYearOfContinuingOperations
34280000 USD
CY2012Q4 acfn Cash And Cash Equivalents At Beginning Of Year Of Continuing Operations
CashAndCashEquivalentsAtBeginningOfYearOfContinuingOperations
26147000 USD
CY2013Q1 acfn Cumulative Percentage Ownership After All Future Transactions
CumulativePercentageOwnershipAfterAllFutureTransactions
0.956
CY2013Q1 acfn Dividend Reinvestment Plan Discount
DividendReinvestmentPlanDiscount
6000 USD
acfn Earnings Per Share Basic And Diluted Prior To Impact Of Restatement
EarningsPerShareBasicAndDilutedPriorToImpactOfRestatement
-0.41
CY2012Q1 acfn Earnings Per Share Basic And Diluted Prior To Impact Of Restatement
EarningsPerShareBasicAndDilutedPriorToImpactOfRestatement
-0.24
acfn Earnings Per Share Basic And Diluted Prior To Impact Of Restatement
EarningsPerShareBasicAndDilutedPriorToImpactOfRestatement
-0.62
CY2012Q2 acfn Earnings Per Share Basic And Diluted Prior To Impact Of Restatement
EarningsPerShareBasicAndDilutedPriorToImpactOfRestatement
-0.17
CY2012Q3 acfn Earnings Per Share Basic And Diluted Prior To Impact Of Restatement
EarningsPerShareBasicAndDilutedPriorToImpactOfRestatement
-0.21
CY2012Q1 acfn Finance Income Expense Net
FinanceIncomeExpenseNet
-23000 USD
CY2013Q1 acfn Fully Diluted Ownership
FullyDilutedOwnership
0.879
acfn Impact Of Restatement On Earnings Per Share Basic And Diluted
ImpactOfRestatementOnEarningsPerShareBasicAndDiluted
-0.01
CY2012Q3 acfn Impact Of Restatement On Earnings Per Share Basic And Diluted
ImpactOfRestatementOnEarningsPerShareBasicAndDiluted
-0.01
CY2012Q2 acfn Impact Of Restatement On Earnings Per Share Basic And Diluted
ImpactOfRestatementOnEarningsPerShareBasicAndDiluted
-0.01
acfn Impact Of Restatement On Earnings Per Share Basic And Diluted
ImpactOfRestatementOnEarningsPerShareBasicAndDiluted
-0.01
CY2012Q1 acfn Impact Of Restatement On Earnings Per Share Basic And Diluted
ImpactOfRestatementOnEarningsPerShareBasicAndDiluted
0
CY2012Q1 acfn Increase In Accounts Receivable Unbilled Work In Process Other Current And Other Assets
IncreaseInAccountsReceivableUnbilledWorkInProcessOtherCurrentAndOtherAssets
-1035000 USD
CY2013Q1 acfn Increase In Accounts Receivable Unbilled Work In Process Other Current And Other Assets
IncreaseInAccountsReceivableUnbilledWorkInProcessOtherCurrentAndOtherAssets
-1730000 USD
CY2012Q1 acfn Increase In Liability For Employee Termination Benefits
IncreaseInLiabilityForEmployeeTerminationBenefits
-112000 USD
CY2013Q1 acfn Increase In Liability For Employee Termination Benefits
IncreaseInLiabilityForEmployeeTerminationBenefits
-98000 USD
CY2013Q1 acfn Net Income Attributable To Nci In Dsit
NetIncomeAttributableToNciInDsit
21000 USD
CY2012Q1 acfn Net Income Attributable To Nci In Dsit
NetIncomeAttributableToNciInDsit
8000 USD
CY2012Q1 acfn Net Income Loss Attributable To Parent As Originally Reported Prior To Restatement
NetIncomeLossAttributableToParentAsOriginallyReportedPriorToRestatement
-4178000 USD
CY2012Q2 acfn Net Income Loss Attributable To Parent As Originally Reported Prior To Restatement
NetIncomeLossAttributableToParentAsOriginallyReportedPriorToRestatement
-3112000 USD
CY2012Q3 acfn Net Income Loss Attributable To Parent As Originally Reported Prior To Restatement
NetIncomeLossAttributableToParentAsOriginallyReportedPriorToRestatement
-3750000 USD
acfn Net Income Loss Attributable To Parent As Originally Reported Prior To Restatement
NetIncomeLossAttributableToParentAsOriginallyReportedPriorToRestatement
-7290000 USD
acfn Net Income Loss Attributable To Parent As Originally Reported Prior To Restatement
NetIncomeLossAttributableToParentAsOriginallyReportedPriorToRestatement
-11040000 USD
CY2012Q1 acfn Net Income Loss Before Income Taxes For Reportable Segments
NetIncomeLossBeforeIncomeTaxesForReportableSegments
-2769000 USD
CY2013Q1 acfn Net Income Loss Before Income Taxes For Reportable Segments
NetIncomeLossBeforeIncomeTaxesForReportableSegments
-3127000 USD
CY2012Q1 acfn Net Loss Attributable To Nci In Ussi
NetLossAttributableToNciInUssi
-264000 USD
CY2013Q1 acfn Net Loss Attributable To Nci In Ussi
NetLossAttributableToNciInUssi
-233000 USD
CY2013Q1 acfn Other Operating Segment Net Income Loss Before Income Taxes
OtherOperatingSegmentNetIncomeLossBeforeIncomeTaxes
12000 USD
CY2012Q1 acfn Other Operating Segment Net Income Loss Before Income Taxes
OtherOperatingSegmentNetIncomeLossBeforeIncomeTaxes
-67000 USD
CY2013Q1 acfn Preferred Share Purchase Ussi Future
PreferredSharePurchaseUssiFuture
2500000 USD
CY2013Q1 acfn Preferred Stock Purchase Ussi
PreferredStockPurchaseUssi
2500000 USD
CY2013Q1 acfn Remaining Contractual Term Warrants
RemainingContractualTermWarrants
P2Y8M
CY2013Q1 acfn Segment Depreciation And Amortization
SegmentDepreciationAndAmortization
373000 USD
CY2012Q1 acfn Segment Depreciation And Amortization
SegmentDepreciationAndAmortization
292000 USD
CY2013Q1 acfn Segment Gross Profit Loss
SegmentGrossProfitLoss
2125000 USD
CY2012Q1 acfn Segment Gross Profit Loss
SegmentGrossProfitLoss
1200000 USD
CY2012Q1 acfn Segment Net Income Loss Before Income Taxes
SegmentNetIncomeLossBeforeIncomeTaxes
-2836000 USD
CY2013Q1 acfn Segment Net Income Loss Before Income Taxes
SegmentNetIncomeLossBeforeIncomeTaxes
-3115000 USD
CY2012Q1 acfn Segment Share Based Compensation Expense
SegmentShareBasedCompensationExpense
0 USD
CY2013Q1 acfn Segment Share Based Compensation Expense
SegmentShareBasedCompensationExpense
34000 USD
CY2013Q1 acfn Severance Assets
SeveranceAssets
3241000 USD
CY2012Q4 acfn Severance Assets
SeveranceAssets
3165000 USD
CY2012Q1 acfn Share Based Compensation Expense In Research And Development Expense
ShareBasedCompensationExpenseInResearchAndDevelopmentExpense
0 USD
CY2013Q1 acfn Share Based Compensation Expense In Research And Development Expense
ShareBasedCompensationExpenseInResearchAndDevelopmentExpense
10000 USD
CY2013Q1 dei Document Period End Date
DocumentPeriodEndDate
2013-03-31
CY2012Q1 acfn Share Based Compensation Expense In Selling General And Administrative Expense
ShareBasedCompensationExpenseInSellingGeneralAndAdministrativeExpense
142000 USD
CY2013Q1 acfn Share Based Compensation Expense In Selling General And Administrative Expense
ShareBasedCompensationExpenseInSellingGeneralAndAdministrativeExpense
271000 USD
CY2012Q1 acfn Share Based Compensation In Unallocated Costs
ShareBasedCompensationInUnallocatedCosts
142000 USD
CY2013Q1 acfn Share Based Compensation In Unallocated Costs
ShareBasedCompensationInUnallocatedCosts
247000 USD
CY2013Q1 acfn Stock Option Compensation Of Subsidiaries
StockOptionCompensationOfSubsidiaries
34000 USD
CY2013Q1 acfn Total Dividend Paid Cash And Shares
TotalDividendPaidCashAndShares
634 USD
CY2012Q1 acfn Unallocated Segment Costs
UnallocatedSegmentCosts
-1460000 USD
CY2013Q1 acfn Unallocated Segment Costs
UnallocatedSegmentCosts
-1392000 USD
CY2013Q1 acfn Warrants Forfeited In Cashless Exercise
WarrantsForfeitedInCashlessExercise
2796 shares
CY2013Q1 acfn Warrants Forfeited Or Expired
WarrantsForfeitedOrExpired
2796000 shares
CY2013Q1 acfn Weighted Average Exercise Price Cashless Exercise
WeightedAverageExercisePriceCashlessExercise
3.68
CY2013Q1 acfn Weighted Average Exercise Price Exercised Options
WeightedAverageExercisePriceExercisedOptions
0.00
CY2013Q1 acfn Weighted Average Exercise Price Of Warrants Exercised
WeightedAverageExercisePriceOfWarrantsExercised
3.68
CY2013Q1 acfn Wighted Average Exercise Price Of Options Granted
WightedAverageExercisePriceOfOptionsGranted
7.19
CY2013Q1 dei Amendment Flag
AmendmentFlag
false
CY2013Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2013Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2013Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2013Q1 dei Document Type
DocumentType
10-Q
CY2013Q1 dei Entity Central Index Key
EntityCentralIndexKey
0000880984
CY2013Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
18090536 shares
CY2013Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2013Q1 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2013Q1 dei Entity Registrant Name
EntityRegistrantName
ACORN ENERGY, INC.
CY2013Q1 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2013Q1 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No

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