2022 Q4 Form 10-Q Financial Statement

#000149315222031226 Filed on November 10, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $1.845M $1.783M $1.706M
YoY Change 5.19% 4.51% 12.46%
Cost Of Revenue $493.0K $568.0K $464.0K
YoY Change -6.81% 22.41% 5.45%
Gross Profit $1.352M $1.215M $1.242M
YoY Change 10.37% -2.17% 15.32%
Gross Profit Margin 73.28% 68.14% 72.8%
Selling, General & Admin $1.219M $1.198M $1.038M
YoY Change 12.66% 15.41% 10.43%
% of Gross Profit 90.16% 98.6% 83.57%
Research & Development $208.0K $227.0K $179.0K
YoY Change 0.48% 26.82% 11.88%
% of Gross Profit 15.38% 18.68% 14.41%
Depreciation & Amortization $39.00K $36.00K $19.00K
YoY Change 105.26% 89.47%
% of Gross Profit 2.88% 2.96% 1.53%
Operating Expenses $1.427M $1.425M $1.217M
YoY Change 10.71% 17.09% 10.64%
Operating Profit -$75.00K -$210.0K $25.00K
YoY Change 17.19% -940.0% -208.7%
Interest Expense -$1.000K $0.00 $0.00
YoY Change -100.0%
% of Operating Profit 0.0%
Other Income/Expense, Net
YoY Change
Pretax Income -$76.00K -$210.0K $25.00K
YoY Change 18.75% -940.0% -180.65%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$77.00K -$210.0K $23.00K
YoY Change 16.67% -1013.04% -171.88%
Net Earnings / Revenue -4.17% -11.78% 1.35%
Basic Earnings Per Share -$0.01 $0.00
Diluted Earnings Per Share $0.00 -$5.290K $575.60
COMMON SHARES
Basic Shares Outstanding 39.71M shares 39.69M shares 39.69M shares
Diluted Shares Outstanding 39.70M shares 39.96M shares

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.450M $1.124M $2.016M
YoY Change -15.8% -44.25% 2.54%
Cash & Equivalents $1.450M $1.124M $2.016M
Short-Term Investments
Other Short-Term Assets $288.0K $258.0K $930.0K
YoY Change 25.76% -72.26% 0.76%
Inventory $789.0K $903.0K $477.0K
Prepaid Expenses
Receivables $597.0K $917.0K $792.0K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $4.011M $4.064M $4.215M
YoY Change -5.47% -3.58% 7.53%
LONG-TERM ASSETS
Property, Plant & Equipment $653.0K $675.0K $856.0K
YoY Change 26.31% -21.14% 9.46%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $215.0K $202.0K $787.0K
YoY Change 27.22% -74.33% 17.46%
Total Long-Term Assets $1.973M $2.010M $1.643M
YoY Change 9.67% 22.34% 13.15%
TOTAL ASSETS
Total Short-Term Assets $4.011M $4.064M $4.215M
Total Long-Term Assets $1.973M $2.010M $1.643M
Total Assets $5.984M $6.074M $5.858M
YoY Change -0.96% 3.69% 9.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $243.0K $373.0K $383.0K
YoY Change -46.83% -2.61% 40.29%
Accrued Expenses $171.0K $157.0K $331.0K
YoY Change 4.27% -52.57% 117.76%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $0.00 $0.00
YoY Change -100.0%
Total Short-Term Liabilities $4.572M $4.604M $4.202M
YoY Change 6.25% 9.57% -1.91%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities $16.00K $2.415M $2.069M
YoY Change -99.27% 16.72% 13.06%
Total Long-Term Liabilities $2.423M $2.415M $2.069M
YoY Change 10.14% 16.72% 1.57%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.572M $4.604M $4.202M
Total Long-Term Liabilities $2.423M $2.415M $2.069M
Total Liabilities $6.995M $7.019M $6.278M
YoY Change 7.57% 11.8% -0.66%
SHAREHOLDERS EQUITY
Retained Earnings -$101.3M -$101.2M
YoY Change 0.63%
Common Stock $103.3M $103.3M
YoY Change 0.08%
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 -$1.017M -$951.0K -$420.0K
YoY Change
Total Liabilities & Shareholders Equity $5.984M $6.074M $5.858M
YoY Change -0.96% 3.69% 9.05%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income -$77.00K -$210.0K $23.00K
YoY Change 16.67% -1013.04% -171.88%
Depreciation, Depletion And Amortization $39.00K $36.00K $19.00K
YoY Change 105.26% 89.47%
Cash From Operating Activities $342.0K -$117.0K $240.0K
YoY Change -279.06% -148.75% 8.11%
INVESTING ACTIVITIES
Capital Expenditures $16.00K -$23.00K -$179.0K
YoY Change -115.53% -87.15% 2883.33%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$16.00K -$23.00K -$179.0K
YoY Change -84.47% -87.15% 2883.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 5.000K 0.000
YoY Change -100.0%
NET CHANGE
Cash From Operating Activities 342.0K -117.0K 240.0K
Cash From Investing Activities -16.00K -23.00K -179.0K
Cash From Financing Activities 0.000 5.000K 0.000
Net Change In Cash 326.0K -135.0K 61.00K
YoY Change -210.88% -321.31% -70.39%
FREE CASH FLOW
Cash From Operating Activities $342.0K -$117.0K $240.0K
Capital Expenditures $16.00K -$23.00K -$179.0K
Free Cash Flow $326.0K -$94.00K $419.0K
YoY Change -470.45% -122.43% 83.77%

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CY2021Q1 ACFN Accrued Dividend In Preferred Shares Of Subsidiary
AccruedDividendInPreferredSharesOfSubsidiary
-1000 usd
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
15000 usd
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-483000 usd
CY2021Q2 us-gaap Profit Loss
ProfitLoss
4000 usd
CY2021Q2 ACFN Accrued Dividend In Preferred Shares Of Subsidiary
AccruedDividendInPreferredSharesOfSubsidiary
-1000 usd
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
21000 usd
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-459000 usd
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-459000 usd
CY2021Q3 us-gaap Profit Loss
ProfitLoss
25000 usd
CY2021Q3 us-gaap Profit Loss
ProfitLoss
25000 usd
CY2021Q3 ACFN Accrued Dividend In Preferred Shares Of Subsidiary
AccruedDividendInPreferredSharesOfSubsidiary
-1000 usd
CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
22000 usd
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-413000 usd
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-413000 usd
us-gaap Profit Loss
ProfitLoss
-555000 usd
us-gaap Profit Loss
ProfitLoss
51000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
83000 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
31000 usd
ACFN Noncash Lease Expense
NoncashLeaseExpense
93000 usd
ACFN Noncash Lease Expense
NoncashLeaseExpense
71000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
69000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
58000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
41000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
184000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
317000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
241000 usd
ACFN Increase Decrease In Deferred Cost Of Goods Sold
IncreaseDecreaseInDeferredCostOfGoodsSold
158000 usd
ACFN Increase Decrease In Deferred Cost Of Goods Sold
IncreaseDecreaseInDeferredCostOfGoodsSold
137000 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
62000 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
48000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-91000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
212000 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
660000 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
557000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-97000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-71000 usd
ACFN Increase In Other Current Liabilities And Noncurrent Liabilities
IncreaseInOtherCurrentLiabilitiesAndNoncurrentLiabilities
-23000 usd
ACFN Increase In Other Current Liabilities And Noncurrent Liabilities
IncreaseInOtherCurrentLiabilitiesAndNoncurrentLiabilities
1000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-311000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
323000 usd
us-gaap Payments For Software
PaymentsForSoftware
286000 usd
us-gaap Payments For Software
PaymentsForSoftware
214000 usd
us-gaap Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
6000 usd
us-gaap Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
7000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-292000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-221000 usd
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
-149000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
5000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
5000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-149000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-598000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-47000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1722000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2063000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1124000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2016000 usd
us-gaap Interest Paid Net
InterestPaidNet
1000 usd
us-gaap Interest Paid Net
InterestPaidNet
5000 usd
ACFN Accrued Preferred Dividends
AccruedPreferredDividends
3000 usd
ACFN Accrued Preferred Dividends
AccruedPreferredDividends
3000 usd
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.00
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
388000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
24000 usd
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
364000 usd
us-gaap Nature Of Operations
NatureOfOperations
<p id="xdx_804_eus-gaap--NatureOfOperations_zY5JT4s5rmx9" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTE 1— <span id="xdx_820_zJmKnhA6rpT">BASIS OF PRESENTATION</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The accompanying unaudited condensed consolidated financial statements of Acorn Energy, Inc. and its subsidiaries, OmniMetrix, LLC and OMX Holdings, Inc. (collectively, “Acorn” or “the Company”) have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and with the instructions to Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for complete consolidated financial statements. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included. Operating results for the nine- and three-month periods ended September 30, 2022 are not necessarily indicative of the results that may be expected for the year ending December 31, 2022. All dollar amounts are rounded to the nearest thousand and, thus, are approximate.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">These unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and footnotes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, filed with the Securities and Exchange Commission on March 31, 2022.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022Q3 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
3903000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-598000 usd
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84D_eus-gaap--UseOfEstimates_zrVvuq6Ph2Ed" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86F_zaGeMJ5er1Cl">Use of Estimates in Preparation of Financial Statements</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of unaudited condensed consolidated financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities as of the date of the unaudited condensed unaudited consolidated financial statements, and the reported amounts of revenues and expenses during the reporting periods.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As applicable to these unaudited condensed consolidated financial statements, the most significant estimates and assumptions relate to uncertainties with respect to income taxes, inventories, account receivable allowances, contingencies, revenue recognition, management’s projections and analyses of the possible impairments.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_846_eus-gaap--ConcentrationRiskCreditRisk_zGjdwnDbkYS3" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_865_zhKuDmDLp138">Concentrations of Credit Risk</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financial instruments, which potentially subject the Company to concentrations of credit risk, consist principally of cash and trade accounts receivable. The Company’s cash was deposited with a U.S. bank and amounted to $<span id="xdx_900_eus-gaap--CashAndCashEquivalentsAtCarryingValue_iI_pn3d_c20220930_zziWsn4w2GBd">1,124,000 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">at September 30, 2022. The Company does not believe there is significant risk of non-performance by these counterparties. For the three-month period ended September 30, 2022, there was one customer that represented <span id="xdx_900_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20220701__20220930__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--ProductOrServiceAxis__custom--OneCustomerMember_zjedV5DwyPyf">22% </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">of total invoice sales. For the nine-month period ended September 30, 2022, the Company did not have any customers that represented greater than 10% of the Company’s total invoiced sales. One customer represented <span id="xdx_908_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20220101__20220930__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--ProductOrServiceAxis__custom--OneCustomerMember_z1G7Rqrcqobl">39</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">% of the Company’s accounts receivable at September 30, 2022. This was due to a large volume of equipment purchases from one commercial/industrial customer during the month of September. Credit risk with respect to the balance of trade receivables is generally diversified due to the number of entities comprising the Company’s customer base. </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1124000 usd
us-gaap Net Income Loss
NetIncomeLoss
-556000 usd
us-gaap Net Income Loss
NetIncomeLoss
45000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-210000 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
23000 usd
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39692000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39687000 shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39700000 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39687000 shares
ACFN Weighted Average Number Of Shares Outstanding Warrants
WeightedAverageNumberOfSharesOutstandingWarrants
28000 shares
CY2021Q3 ACFN Weighted Average Number Of Shares Outstanding Warrants
WeightedAverageNumberOfSharesOutstandingWarrants
28000 shares
ACFN Weighted Average Number Of Shares Outstanding Stock Option
WeightedAverageNumberOfSharesOutstandingStockOption
207000 shares
CY2021Q3 ACFN Weighted Average Number Of Shares Outstanding Stock Option
WeightedAverageNumberOfSharesOutstandingStockOption
244000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
39692000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
39922000 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
39700000 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
39959000 shares
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.01
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.00
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.01
CY2022Q3 ACFN Working Capital
WorkingCapital
540000 usd
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1124000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-292000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
5000 usd
ACFN Income Loss From Subsidiary Operations
IncomeLossFromSubsidiaryOperations
827000 usd
CY2022Q3 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
0.045 pure
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
364000 usd
ACFN Cash Paid For Operating Lease Liabilities
CashPaidForOperatingLeaseLiabilities
93000 usd
ACFN Cash Paid For Operating Lease Liabilities
CashPaidForOperatingLeaseLiabilities
90000 usd
CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y11M23D
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths
127000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Two
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo
129000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Three
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree
132000 usd
CY2022Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
114000 usd
CY2021Q3 ACFN Sublease Payments
SubleasePayments
2375 usd
CY2021Q3 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
7000 usd
CY2021Q3 ACFN Estimated Sublease Payments
EstimatedSubleasePayments
6700 usd
CY2022Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
39712589 shares
CY2022Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
ACFN Share Based Compensation Arrangement By Share Based Payment Award Fair Value Options Grants In Period Issued
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueOptionsGrantsInPeriodIssued
54000 usd
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
25000 shares
CY2022Q3 ACFN Options Exercise Price
OptionsExercisePrice
0.20
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
3000 usd
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
68000 usd
CY2022Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
66000 usd
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
833020 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.39
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y8M12D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
291000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
145770 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0.55
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
25000 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.20
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
6250 usd
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
953790 shares
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.42
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y6M
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
68000 usd
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
800251 shares
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
0.40
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y2M12D
CY2022Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
66000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.018 pure
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P3Y10M24D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.936 pure
CY2022Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
43000 usd
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segments
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5155000 usd
us-gaap Gross Profit
GrossProfit
3719000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
85000 usd
ACFN Segment Income Loss Before Income Taxes
SegmentIncomeLossBeforeIncomeTaxes
237000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5022000 usd
us-gaap Gross Profit
GrossProfit
3674000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
21000 usd
ACFN Segment Income Loss Before Income Taxes
SegmentIncomeLossBeforeIncomeTaxes
759000 usd
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1783000 usd
CY2022Q3 us-gaap Gross Profit
GrossProfit
1215000 usd
CY2022Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
36000 usd
CY2022Q3 ACFN Segment Income Loss Before Income Taxes
SegmentIncomeLossBeforeIncomeTaxes
20000 usd
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1706000 usd
CY2021Q3 us-gaap Gross Profit
GrossProfit
1242000 usd
CY2021Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
19000 usd
CY2021Q3 ACFN Segment Income Loss Before Income Taxes
SegmentIncomeLossBeforeIncomeTaxes
266000 usd
CY2022Q3 ACFN Segment Income Before Income Taxes
SegmentIncomeBeforeIncomeTaxes
51000000 usd
ACFN Net Income Loss Before Income Taxes For Reportable Segments
NetIncomeLossBeforeIncomeTaxesForReportableSegments
237000 usd
ACFN Net Income Loss Before Income Taxes For Reportable Segments
NetIncomeLossBeforeIncomeTaxesForReportableSegments
759000 usd
CY2022Q3 ACFN Net Income Loss Before Income Taxes For Reportable Segments
NetIncomeLossBeforeIncomeTaxesForReportableSegments
20000 usd
CY2021Q3 ACFN Net Income Loss Before Income Taxes For Reportable Segments
NetIncomeLossBeforeIncomeTaxesForReportableSegments
266000 usd
ACFN Unallocated Cost Of Corporate Headquarters
UnallocatedCostOfCorporateHeadquarters
-741000 usd
ACFN Unallocated Cost Of Corporate Headquarters
UnallocatedCostOfCorporateHeadquarters
-708000 usd
CY2022Q3 ACFN Unallocated Cost Of Corporate Headquarters
UnallocatedCostOfCorporateHeadquarters
-230000 usd
CY2021Q3 ACFN Unallocated Cost Of Corporate Headquarters
UnallocatedCostOfCorporateHeadquarters
-241000 usd
ACFN Consolidated Net Loss Income Before Income Taxes
ConsolidatedNetLossIncomeBeforeIncomeTaxes
-504000 usd
ACFN Consolidated Net Loss Income Before Income Taxes
ConsolidatedNetLossIncomeBeforeIncomeTaxes
51000 usd
CY2022Q3 ACFN Consolidated Net Loss Income Before Income Taxes
ConsolidatedNetLossIncomeBeforeIncomeTaxes
-210000 usd
CY2021Q3 ACFN Consolidated Net Loss Income Before Income Taxes
ConsolidatedNetLossIncomeBeforeIncomeTaxes
25000 usd
CY2022Q3 ACFN Segment Income Before Income Taxes
SegmentIncomeBeforeIncomeTaxes
51000000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5155000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5022000 usd
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1783000 usd
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1706000 usd
CY2021Q4 ACFN Contract With Customer Asset Sale Commission
ContractWithCustomerAssetSaleCommission
295000 usd
ACFN Contract With Customer Asset Additions
ContractWithCustomerAssetAdditions
205000 usd
us-gaap Amortization Of Deferred Sales Commissions
AmortizationOfDeferredSalesCommissions
131000 usd
CY2022Q3 ACFN Contract With Customer Asset Sale Commission
ContractWithCustomerAssetSaleCommission
369000 usd
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
5393000 usd
ACFN Contract With Customer Liability Additions
ContractWithCustomerLiabilityAdditions
5232000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
-4572000 usd
CY2022Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
6053000 usd
CY2022Q3 ACFN Contract With Customer Liability Revenue Additions In Year One
ContractWithCustomerLiabilityRevenueAdditionsInYearOne
3903000 usd
CY2022Q3 ACFN Contract With Customer Liability Revenue Additions In Year Two
ContractWithCustomerLiabilityRevenueAdditionsInYearTwo
1703000 usd
CY2022Q3 ACFN Contract With Customer Liability Revenue Additions In Year Three
ContractWithCustomerLiabilityRevenueAdditionsInYearThree
447000 usd
CY2022Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
6053000 usd
CY2021Q4 us-gaap Deferred Sales Inducements Net
DeferredSalesInducementsNet
1513000 usd
ACFN Contract With Customer Liability Additions Net Of Adjustments
ContractWithCustomerLiabilityAdditionsNetOfAdjustments
951000 usd
ACFN Contract With Customer Liability Sales Recognized
ContractWithCustomerLiabilitySalesRecognized
-793000 usd
CY2022Q3 us-gaap Deferred Sales Inducements Net
DeferredSalesInducementsNet
1671000 usd
CY2022Q3 ACFN Contract With Customer Liability Recognized Cost Of Sales In Year One
ContractWithCustomerLiabilityRecognizedCostOfSalesInYearOne
862000 usd
CY2022Q3 ACFN Contract With Customer Liability Recognized Cost Of Sales In Year Two
ContractWithCustomerLiabilityRecognizedCostOfSalesInYearTwo
611000 usd
CY2022Q3 ACFN Contract With Customer Liability Recognized Cost Of Sales In Year Three
ContractWithCustomerLiabilityRecognizedCostOfSalesInYearThree
198000 usd
CY2022Q3 ACFN Contract With Customer Liability Recognized Cost Of Sales
ContractWithCustomerLiabilityRecognizedCostOfSales
1671000 usd
us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
142000 usd

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