2023 Q1 Form 10-K Financial Statement
#000149315223007830 Filed on March 16, 2023
Income Statement
Concept | 2023 Q1 | 2022 Q4 | 2022 |
---|---|---|---|
Revenue | $1.749M | $1.845M | $7.000M |
YoY Change | -0.11% | 5.19% | 3.31% |
Cost Of Revenue | $433.0K | $493.0K | $1.929M |
YoY Change | -12.17% | -6.81% | 2.77% |
Gross Profit | $1.316M | $1.352M | $5.071M |
YoY Change | 4.61% | 10.37% | 3.51% |
Gross Profit Margin | 75.24% | 73.28% | 72.44% |
Selling, General & Admin | $1.197M | $1.219M | $4.804M |
YoY Change | 1.27% | 12.66% | 15.26% |
% of Gross Profit | 90.96% | 90.16% | 94.73% |
Research & Development | $214.0K | $208.0K | $845.0K |
YoY Change | 8.08% | 0.48% | 14.34% |
% of Gross Profit | 16.26% | 15.38% | 16.66% |
Depreciation & Amortization | $38.00K | $39.00K | $122.0K |
YoY Change | 90.0% | 105.26% | 62.67% |
% of Gross Profit | 2.89% | 2.88% | 2.41% |
Operating Expenses | $1.411M | $1.427M | $5.700M |
YoY Change | 2.25% | 10.71% | 16.16% |
Operating Profit | -$95.00K | -$75.00K | -$629.0K |
YoY Change | -22.13% | 17.19% | 7762.5% |
Interest Expense | -$1.000K | -$2.000K | |
YoY Change | -60.0% | ||
% of Operating Profit | |||
Other Income/Expense, Net | $11.00K | ||
YoY Change | |||
Pretax Income | -$84.00K | -$76.00K | -$631.0K |
YoY Change | -31.15% | 18.75% | 4753.85% |
Income Tax | $0.00 | ||
% Of Pretax Income | |||
Net Earnings | -$85.00K | -$77.00K | -$633.0K |
YoY Change | -30.33% | 16.67% | 2914.29% |
Net Earnings / Revenue | -4.86% | -4.17% | -9.04% |
Basic Earnings Per Share | $0.00 | -$0.02 | |
Diluted Earnings Per Share | $0.00 | $0.00 | -$0.02 |
COMMON SHARES | |||
Basic Shares Outstanding | 39.76M shares | 39.71M shares | 39.70K shares |
Diluted Shares Outstanding | 39.73K shares | 39.70K shares |
Balance Sheet
Concept | 2023 Q1 | 2022 Q4 | 2022 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $1.346M | $1.450M | $1.450M |
YoY Change | -24.55% | -15.8% | -15.8% |
Cash & Equivalents | $1.346M | $1.450M | $1.450M |
Short-Term Investments | |||
Other Short-Term Assets | $312.0K | $288.0K | $1.175M |
YoY Change | -70.54% | 25.76% | 14.3% |
Inventory | $804.0K | $789.0K | $789.0K |
Prepaid Expenses | |||
Receivables | $771.0K | $597.0K | $597.0K |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $4.131M | $4.011M | $4.011M |
YoY Change | -4.75% | -5.47% | -5.47% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $641.0K | $653.0K | $951.0K |
YoY Change | -37.77% | 26.31% | 3.82% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $211.0K | $215.0K | $1.022M |
YoY Change | -78.47% | 27.22% | 15.74% |
Total Long-Term Assets | $1.883M | $1.973M | $1.973M |
YoY Change | -6.32% | 9.67% | 9.67% |
TOTAL ASSETS | |||
Total Short-Term Assets | $4.131M | $4.011M | $4.011M |
Total Long-Term Assets | $1.883M | $1.973M | $1.973M |
Total Assets | $6.014M | $5.984M | $5.984M |
YoY Change | -5.25% | -0.96% | -0.96% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $361.0K | $243.0K | $243.0K |
YoY Change | -30.04% | -46.83% | -46.83% |
Accrued Expenses | $137.0K | $171.0K | $287.0K |
YoY Change | -59.23% | 4.27% | 5.9% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $4.711M | $4.572M | $4.572M |
YoY Change | 3.79% | 6.25% | 6.25% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $18.00K | $16.00K | $2.423M |
YoY Change | -99.24% | -99.27% | 10.14% |
Total Long-Term Liabilities | $2.377M | $2.423M | $2.423M |
YoY Change | 0.68% | 10.14% | 10.14% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $4.711M | $4.572M | $4.572M |
Total Long-Term Liabilities | $2.377M | $2.423M | $2.423M |
Total Liabilities | $7.088M | $6.995M | $7.001M |
YoY Change | 2.61% | 7.57% | 7.53% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$101.4M | -$101.3M | |
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 | ||
Shareholders Equity | -$1.080M | -$1.017M | -$1.017M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $6.014M | $5.984M | $5.984M |
YoY Change | -5.25% | -0.96% | -0.96% |
Cashflow Statement
Concept | 2023 Q1 | 2022 Q4 | 2022 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$85.00K | -$77.00K | -$633.0K |
YoY Change | -30.33% | 16.67% | 2914.29% |
Depreciation, Depletion And Amortization | $38.00K | $39.00K | $122.0K |
YoY Change | 90.0% | 105.26% | 62.67% |
Cash From Operating Activities | -$83.00K | $342.0K | $31.00K |
YoY Change | -137.56% | -279.06% | -76.52% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $26.00K | $16.00K | $308.0K |
YoY Change | -116.35% | -115.53% | -195.06% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | -$26.00K | -$16.00K | -$308.0K |
YoY Change | -83.65% | -84.47% | -4.94% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | $5.000K | 0.000 | $5.000K |
YoY Change | -103.36% | ||
NET CHANGE | |||
Cash From Operating Activities | -$83.00K | 342.0K | $31.00K |
Cash From Investing Activities | -$26.00K | -16.00K | -$308.0K |
Cash From Financing Activities | $5.000K | 0.000 | $5.000K |
Net Change In Cash | -$104.0K | 326.0K | -$272.0K |
YoY Change | -267.74% | -210.88% | -20.23% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$83.00K | $342.0K | $31.00K |
Capital Expenditures | $26.00K | $16.00K | $308.0K |
Free Cash Flow | -$109.0K | $326.0K | -$277.0K |
YoY Change | -128.68% | -470.45% | -160.75% |
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|
1929000 | usd |
CY2021 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
1877000 | usd |
CY2022 | us-gaap |
Gross Profit
GrossProfit
|
5071000 | usd |
CY2021 | us-gaap |
Gross Profit
GrossProfit
|
4899000 | usd |
CY2022 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
845000 | usd |
CY2021 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
739000 | usd |
CY2022 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
4804000 | usd |
CY2021 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
4168000 | usd |
CY2022 | us-gaap |
Capitalized Computer Software Impairments1
CapitalizedComputerSoftwareImpairments1
|
51000 | usd |
CY2022 | us-gaap |
Operating Expenses
OperatingExpenses
|
5700000 | usd |
CY2021 | us-gaap |
Operating Expenses
OperatingExpenses
|
4907000 | usd |
CY2022 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-629000 | usd |
CY2021 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-8000 | usd |
CY2022 | ACFN |
Finance Income Expense Net
FinanceIncomeExpenseNet
|
-2000 | usd |
CY2021 | ACFN |
Finance Income Expense Net
FinanceIncomeExpenseNet
|
-5000 | usd |
CY2022 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-631000 | usd |
CY2021 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-13000 | usd |
CY2022 | us-gaap |
Profit Loss
ProfitLoss
|
-631000 | usd |
CY2021 | us-gaap |
Profit Loss
ProfitLoss
|
-13000 | usd |
CY2022 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
2000 | usd |
CY2021 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
8000 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-633000 | usd |
CY2021 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-21000 | usd |
CY2022 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.02 | |
CY2021 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.00 | |
CY2022 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
39698 | shares |
CY2021 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
39688 | shares |
CY2022 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
39698 | shares |
CY2021 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
39688 | shares |
CY2020Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
-519000 | usd |
CY2021 | us-gaap |
Profit Loss
ProfitLoss
|
-13000 | usd |
CY2021 | ACFN |
Accrued Dividend In Preferred Shares Of Subsidiary
AccruedDividendInPreferredSharesOfSubsidiary
|
-4000 | usd |
CY2021 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
75000 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
-461000 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
-461000 | usd |
CY2022 | us-gaap |
Profit Loss
ProfitLoss
|
-631000 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
5000 | usd |
CY2022 | us-gaap |
Dividends Preferred Stock
DividendsPreferredStock
|
4000 | usd |
CY2022 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
80000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
-1011000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
-1011000 | usd |
CY2022 | us-gaap |
Profit Loss
ProfitLoss
|
-631000 | usd |
CY2021 | us-gaap |
Profit Loss
ProfitLoss
|
-13000 | usd |
CY2022 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
122000 | usd |
CY2021 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
75000 | usd |
CY2022 | ACFN |
Impairment Of Software
ImpairmentOfSoftware
|
51000 | usd |
CY2022 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
41000 | usd |
CY2021 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
22000 | usd |
CY2022 | ACFN |
Noncash Lease Expense
NoncashLeaseExpense
|
124000 | usd |
CY2021 | ACFN |
Noncash Lease Expense
NoncashLeaseExpense
|
117000 | usd |
CY2022 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
80000 | usd |
CY2021 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
75000 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-279000 | usd |
CY2021 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
268000 | usd |
CY2022 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
213000 | usd |
CY2021 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
403000 | usd |
CY2022 | ACFN |
Increase Decrease In Deferred Cost Of Goods Sold
IncreaseDecreaseInDeferredCostOfGoodsSold
|
181000 | usd |
CY2021 | ACFN |
Increase Decrease In Deferred Cost Of Goods Sold
IncreaseDecreaseInDeferredCostOfGoodsSold
|
207000 | usd |
CY2022 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
105000 | usd |
CY2021 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
172000 | usd |
CY2022 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
778000 | usd |
CY2021 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
839000 | usd |
CY2022 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-130000 | usd |
CY2021 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-121000 | usd |
CY2022 | ACFN |
Increase Decrease In Other Current Liabilities And Noncurrent Liabilities
IncreaseDecreaseInOtherCurrentLiabilitiesAndNoncurrentLiabilities
|
184000 | usd |
CY2021 | ACFN |
Increase Decrease In Other Current Liabilities And Noncurrent Liabilities
IncreaseDecreaseInOtherCurrentLiabilitiesAndNoncurrentLiabilities
|
-188000 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
31000 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
132000 | usd |
CY2022 | us-gaap |
Payments For Software
PaymentsForSoftware
|
292000 | usd |
CY2021 | us-gaap |
Payments For Software
PaymentsForSoftware
|
317000 | usd |
CY2022 | us-gaap |
Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
|
16000 | usd |
CY2021 | us-gaap |
Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
|
7000 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-308000 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-324000 | usd |
CY2021 | us-gaap |
Proceeds From Short Term Debt
ProceedsFromShortTermDebt
|
-149000 | usd |
CY2022 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
5000 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
5000 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-149000 | usd |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-272000 | usd |
CY2021 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-341000 | 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 |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
1450000 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
1722000 | usd |
CY2022 | us-gaap |
Interest Paid Net
InterestPaidNet
|
2000 | usd |
CY2021 | us-gaap |
Interest Paid Net
InterestPaidNet
|
6000 | usd |
CY2022 | ACFN |
Accrued Preferred Dividends
AccruedPreferredDividends
|
4000 | usd |
CY2021 | ACFN |
Accrued Preferred Dividends
AccruedPreferredDividends
|
4000 | usd |
CY2022 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<p id="xdx_804_eus-gaap--NatureOfOperations_z8ZasVzEfeBa" 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_82C_zE9vnswibngg">NATURE OF OPERATIONS</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"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a) Description of Business</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">Acorn Energy, Inc. and its subsidiaries, OMX Holdings, Inc. and OmniMetrix, LLC (collectively, “Acorn” or “the Company”) is a Delaware corporation which is a holding company focused on technology-driven solutions for energy infrastructure asset management. The Company provides the following products and Internet of Things (“IoT”) applications and services through its OmniMetrix, LLC (“OmniMetrix”) subsidiary:</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> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; width: 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; width: 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Power Generation (“PG”) monitoring. </b>OmniMetrix’s PG services provide wireless remote monitoring and control systems and IoT applications for residential and commercial/industrial power generation equipment. This includes our AIRGuard product, which remotely monitors and controls industrial air compressors and our Smart Annunciator product which is typically sold to commercial customers that require a visual representation of the generator’s status and has a touch-screen display that indicates the current state of that generator.</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Cathodic Protection (“CP”) monitoring. </b>OmniMetrix’s CP services provide remote monitoring and control products for cathodic protection systems on oil and gas pipelines serving the gas utilities market and pipeline operators. The CP product lineup includes solutions to remotely monitor and control rectifiers, test stations and bonds. OmniMetrix also offers the industry’s first RAD<sup>TM </sup>(Remote AC Mitigation Disconnect) that mounts onto existing Solid-state Decouplers in the field and can remotely disconnect/connect these AC mitigation tools which can drastically reduce a company’s expense while increasing employee safety.</span></td></tr> </table> <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">Acorn’s shares are traded on the OTCQB marketplace under the symbol ACFN.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.25in"><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">See Notes 11 and 12 for segment information and major customers.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.25in"><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"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b) Liquidity</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">As of December 31, 2022, the Company had $<span id="xdx_90D_eus-gaap--CashAndCashEquivalentsAtCarryingValue_iI_c20221231_ztqwYOM6sLJa" title="Cash and Cash Equivalents, at Carrying Value">1,450,000</span> of consolidated cash.</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">At December 31, 2022, the Company had a negative working capital of $<span id="xdx_909_ecustom--WorkingCapital_iI_c20221231_zKVdeQlBgRH2" title="Working capital">561,000</span>. Its working capital included $<span id="xdx_906_eus-gaap--CashAndCashEquivalentsAtCarryingValue_iI_c20221231_z5HCv706tPP6" title="Cash">1,450,000</span> of cash and deferred revenue of $<span id="xdx_903_eus-gaap--DeferredRevenueCurrent_iI_c20221231_zqgma6dgN9I3" title="Deferred revenue">3,984,000</span>. Such deferred revenue does not require a significant cash outlay for the revenue to be recognized. Net cash decreased during the year ended December 31, 2022 by $<span id="xdx_90C_eus-gaap--CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_iN_di_c20220101__20221231_z8pmLY2dOSUb">272,000</span>, of which $<span id="xdx_90C_eus-gaap--NetCashProvidedByUsedInOperatingActivities_c20220101__20221231_zxwXz8xQkk27">31,000</span> was provided by operating activities, $<span id="xdx_902_eus-gaap--NetCashProvidedByUsedInInvestingActivities_iN_di_c20220101__20221231_zyl6B0AZUB26">308,000</span> was used in investing activities, and $<span id="xdx_904_eus-gaap--NetCashProvidedByUsedInFinancingActivities_c20220101__20221231_zk9XSgbj9Xbd">5,000</span> was provided by financing activities.</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 of March 14, 2023, the Company had cash of $<span id="xdx_90C_eus-gaap--Cash_iI_c20230314__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_zb7GcjRj6Aqd" title="Cash">1,480,000</span>. 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 audited 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.</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"><b> </b></span></p> | |
CY2022Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1450000 | usd |
CY2022Q4 | ACFN |
Working Capital
WorkingCapital
|
561000 | usd |
CY2022Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1450000 | usd |
CY2022Q4 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
3984000 | usd |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-272000 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
31000 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-308000 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
5000 | usd |
CY2022 | us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<p id="xdx_840_eus-gaap--PriorPeriodReclassificationAdjustmentDescription_zA2jSRPkIgme" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><b><span id="xdx_869_zeujNbadh1Qk">Reclassifications</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; padding: 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; padding: 0; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; padding: 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p> <p style="font: 10pt Times New Roman, Times, Serif; padding: 0; margin: 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Certain reclassifications have been made to the Company’s consolidated financial statements for the period ended December 31, 2021 to conform to the current year’s consolidated financial statement presentation. Approximately $<span id="xdx_906_eus-gaap--InventoryWriteDown_c20210101__20211231_zCKm0oMajbw2" title="Written off inventory">22,000</span> in inventory that was written off in 2021 was reclassed to its own line item to conform with current period presentation. There was no effect on total assets, equity or net loss.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; padding: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
CY2021 | us-gaap |
Inventory Write Down
InventoryWriteDown
|
22000 | usd |
CY2022 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p id="xdx_84D_eus-gaap--UseOfEstimates_zWr1VnVBTbGj" 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_863_zQHvfMQMnoXf">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 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 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 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> | |
CY2022 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
3000 | usd |
CY2021 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
10000 | usd |
CY2022Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
10000 | usd |
CY2021Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
6000 | usd |
CY2022 | us-gaap |
Inventory Write Down
InventoryWriteDown
|
41000 | usd |
CY2021 | us-gaap |
Inventory Write Down
InventoryWriteDown
|
22000 | usd |
CY2022Q4 | us-gaap |
Capitalized Contract Cost Net
CapitalizedContractCostNet
|
279000 | usd |
CY2021Q4 | us-gaap |
Capitalized Contract Cost Net
CapitalizedContractCostNet
|
285000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
336000 | usd |
CY2021Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
443000 | usd |
CY2022 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p id="xdx_844_eus-gaap--ConcentrationRiskCreditRisk_zU23hI3pbQZi" 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_868_zTPGpQ65tq66">Concentration 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">The Company’s 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_905_eus-gaap--DepositAssets_iI_c20221231_zm0rdzADfBbe" title="Deposited cash and cash equivalents">1,450,000</span> at December 31, 2022. The Company does not believe there is significant risk of non-performance by these counterparties. See Note 11(d) with respect to revenue from significant customers and concentrations of trade accounts receivables.</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> | |
CY2022Q4 | us-gaap |
Deposit Assets
DepositAssets
|
1450000 | usd |
CY2022 | us-gaap |
Excise And Sales Taxes
ExciseAndSalesTaxes
|
51000 | usd |
CY2021 | us-gaap |
Excise And Sales Taxes
ExciseAndSalesTaxes
|
28000 | usd |
CY2022Q4 | us-gaap |
Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
|
0 | usd |
CY2021Q4 | us-gaap |
Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
|
0 | usd |
CY2022Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
0 | usd |
CY2021Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
0 | usd |
CY2022 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
979000 | shares |
CY2022 | ACFN |
Weighted Average Exercise Price Of Options And Warrants
WeightedAverageExercisePriceOfOptionsAndWarrants
|
0.41 | shares |
CY2021 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
868000 | shares |
CY2021 | ACFN |
Weighted Average Exercise Price Of Options And Warrants
WeightedAverageExercisePriceOfOptionsAndWarrants
|
0.38 | shares |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-633000 | usd |
CY2021 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-21000 | usd |
CY2022 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
39698 | shares |
CY2021 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
39688 | shares |
CY2022 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
39698 | shares |
CY2021 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
39688 | shares |
CY2022 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.02 | |
CY2021 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.00 | |
CY2022Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
336000 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
|
0.045 | pure |
CY2022Q4 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
684000 | usd |
CY2021Q4 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
577000 | usd |
CY2022Q4 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
105000 | usd |
CY2021Q4 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
40000 | usd |
CY2022Q4 | us-gaap |
Inventory Net
InventoryNet
|
789000 | usd |
CY2021Q4 | us-gaap |
Inventory Net
InventoryNet
|
617000 | usd |
CY2022Q4 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
4000 | usd |
CY2021Q4 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
0 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
1394000 | usd |
CY2021Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
1136000 | usd |
CY2022Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
741000 | usd |
CY2021Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
619000 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
653000 | usd |
CY2021Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
517000 | usd |
CY2022 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
122000 | usd |
CY2021 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
75000 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
|
0.045 | pure |
CY2022Q4 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P2Y8M23D | |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
128000 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
129000 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
99000 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
356000 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
20000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
336000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
116000 | usd |
CY2021Q3 | us-gaap |
Sublease Income
SubleaseIncome
|
2375 | usd |
CY2022Q4 | us-gaap |
Leasehold Improvements Gross
LeaseholdImprovementsGross
|
6000 | usd |
CY2021Q3 | ACFN |
Estimated Sublease Payments
EstimatedSubleasePayments
|
6100 | usd |
CY2021Q3 | ACFN |
Annual Service Cost
AnnualServiceCost
|
2220 | usd |
CY2022Q4 | ACFN |
Finance Lease Liability Sublease Payments Due Next Twelve Months
FinanceLeaseLiabilitySubleasePaymentsDueNextTwelveMonths
|
20000 | usd |
CY2022Q4 | ACFN |
Finance Lease Liability Sublease Payments Due Year Two
FinanceLeaseLiabilitySubleasePaymentsDueYearTwo
|
28000 | usd |
CY2022Q4 | ACFN |
Finance Lease Liability Sublease Payments Due Year Three
FinanceLeaseLiabilitySubleasePaymentsDueYearThree
|
29000 | usd |
CY2022Q4 | ACFN |
Finance Lease Liability Sublease Payments Due
FinanceLeaseLiabilitySubleasePaymentsDue
|
77000 | usd |
CY2022Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
39722589 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
39722589 | shares |
CY2022Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2022 | ACFN |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Options Grants In Period Issued
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueOptionsGrantsInPeriodIssued
|
54000 | usd |
CY2021 | ACFN |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Options Grants In Period Issued
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueOptionsGrantsInPeriodIssued
|
89000 | usd |
CY2022 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
35000 | shares |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
16000 | usd |
CY2022Q4 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
|
13000 | usd |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
291000 | usd |
CY2021Q4 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
|
217000 | usd |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.018 | pure |
CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.005 | pure |
CY2022 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P3Y10M9D | |
CY2021 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P4Y4M28D | |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.937 | pure |
CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.997 | pure |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
0.37 | |
CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
0.38 | |
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 | |
CY2020Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
722501 | shares |
CY2020Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
0.62 | |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
145770 | shares |
CY2022 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
0.55 | |
CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
232770 | shares |
CY2021 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
0.54 | |
CY2022 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
35000 | shares |
CY2022 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
0.18 | |
CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
|
122251 | shares |
CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
|
2.04 | |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
943790 | shares |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
0.42 | |
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 | |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
819001 | shares |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
0.41 | |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
557242 | shares |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
0.33 | |
CY2022Q4 | us-gaap |
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
|
943790 | shares |
CY2022Q4 | us-gaap |
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
|
819001 | shares |
CY2022Q4 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
33000 | usd |
CY2022 | ACFN |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Weighted Average Remaining Contractual Term2
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageRemainingContractualTerm2
|
P2M15D | |
CY2022 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
-631000 | usd |
CY2021 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
-13000 | usd |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
|
-0.03 | pure |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
|
-1.21 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-0.18 | pure |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
1 | pure |
CY2022Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
|
49000 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
|
1064000 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Other
DeferredTaxAssetsOther
|
378000 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Other
DeferredTaxAssetsOther
|
630000 | usd |
CY2022Q4 | ACFN |
Deferred Tax Assets In Section Expenditures
DeferredTaxAssetsInSectionExpenditures
|
205000 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
16021000 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
15904000 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
16653000 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
17598000 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
16653000 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
17598000 | usd |
CY2022 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
-945000 | usd |
CY2022 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
35000 | shares |
CY2022 | us-gaap |
Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
|
190000 | usd |
CY2021 | us-gaap |
Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
|
48000 | usd |
CY2022 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | segments |
CY2022 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
7000000 | usd |
CY2022 | us-gaap |
Gross Profit
GrossProfit
|
5071000 | usd |
CY2022 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
122000 | usd |
CY2022 | ACFN |
Segment Income Loss Before Income Taxes
SegmentIncomeLossBeforeIncomeTaxes
|
382000 | usd |
CY2021 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
6776000 | usd |
CY2021 | us-gaap |
Gross Profit
GrossProfit
|
4899000 | usd |
CY2021 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
75000 | usd |
CY2021 | ACFN |
Segment Income Loss Before Income Taxes
SegmentIncomeLossBeforeIncomeTaxes
|
936000 | usd |
CY2021Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
5393000 | usd |
CY2022 | ACFN |
Contract With Customer Liability Additions
ContractWithCustomerLiabilityAdditions
|
6983000 | usd |
CY2022 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
-6205000 | usd |
CY2022Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
6171000 | usd |
CY2022 | ACFN |
Net Income Loss Before Income Taxes For Reportable Segments
NetIncomeLossBeforeIncomeTaxesForReportableSegments
|
331000 | usd |
CY2021 | ACFN |
Net Income Loss Before Income Taxes For Reportable Segments
NetIncomeLossBeforeIncomeTaxesForReportableSegments
|
921000 | usd |
CY2022 | ACFN |
Unallocated Cost Of Corporate Headquarters
UnallocatedCostOfCorporateHeadquarters
|
962000 | usd |
CY2021 | ACFN |
Unallocated Cost Of Corporate Headquarters
UnallocatedCostOfCorporateHeadquarters
|
934000 | usd |
CY2022 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-631000 | usd |
CY2021 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-13000 | usd |
CY2022Q4 | ACFN |
Assets Of Subsidiary
AssetsOfSubsidiary
|
5931000 | usd |
CY2021Q4 | ACFN |
Assets Of Subsidiary
AssetsOfSubsidiary
|
5938000 | usd |
CY2022Q4 | ACFN |
Assets Of Corporate Headquarters
AssetsOfCorporateHeadquarters
|
53000 | usd |
CY2021Q4 | ACFN |
Assets Of Corporate Headquarters
AssetsOfCorporateHeadquarters
|
104000 | usd |
CY2022Q4 | us-gaap |
Assets
Assets
|
5984000 | usd |
CY2021Q4 | us-gaap |
Assets
Assets
|
6042000 | usd |
CY2022 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
7000000 | usd |
CY2021 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
6776000 | usd |
CY2022 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
7000000 | usd |
CY2021 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
6776000 | usd |
CY2022Q4 | ACFN |
Contract With Customer Liability Revenue Additions In Year One
ContractWithCustomerLiabilityRevenueAdditionsInYearOne
|
3984000 | usd |
CY2022Q4 | ACFN |
Contract With Customer Liability Revenue Additions In Year Two
ContractWithCustomerLiabilityRevenueAdditionsInYearTwo
|
1755000 | usd |
CY2022Q4 | ACFN |
Contract With Customer Liability Revenue Additions In Year Three
ContractWithCustomerLiabilityRevenueAdditionsInYearThree
|
432000 | usd |
CY2022Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
6171000 | usd |
CY2020Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
4554000 | usd |
CY2020Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
4554000 | usd |
CY2021 | ACFN |
Contract With Customer Liability Additions
ContractWithCustomerLiabilityAdditions
|
6725000 | usd |
CY2021 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
-5886000 | usd |
CY2021Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
5393000 | usd |
CY2021Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
5393000 | usd |
CY2021Q4 | ACFN |
Contract With Customer Liability Revenue Additions In Year One
ContractWithCustomerLiabilityRevenueAdditionsInYearOne
|
3541000 | usd |
CY2021Q4 | ACFN |
Contract With Customer Liability Revenue Additions In Year Two
ContractWithCustomerLiabilityRevenueAdditionsInYearTwo
|
1391000 | usd |
CY2021Q4 | ACFN |
Contract With Customer Liability Revenue Additions In Year Three
ContractWithCustomerLiabilityRevenueAdditionsInYearThree
|
461000 | usd |
CY2021Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
5393000 | usd |
CY2021Q4 | us-gaap |
Deferred Sales Inducements Net
DeferredSalesInducementsNet
|
1513000 | usd |
CY2022 | ACFN |
Contract With Customer Liability Additions Net Of Adjustments
ContractWithCustomerLiabilityAdditionsNetOfAdjustments
|
1267000 | usd |
CY2022 | ACFN |
Contract With Customer Liability Sales Recognized
ContractWithCustomerLiabilitySalesRecognized
|
-1086000 | usd |
CY2022Q4 | us-gaap |
Deferred Sales Inducements Net
DeferredSalesInducementsNet
|
1694000 | usd |
CY2022Q4 | ACFN |
Contract With Customer Liability Recognized Cost Of Sales In Year One
ContractWithCustomerLiabilityRecognizedCostOfSalesInYearOne
|
887000 | usd |
CY2022Q4 | ACFN |
Contract With Customer Liability Recognized Cost Of Sales In Year Two
ContractWithCustomerLiabilityRecognizedCostOfSalesInYearTwo
|
616000 | usd |
CY2022Q4 | ACFN |
Contract With Customer Liability Recognized Cost Of Sales In Year Three
ContractWithCustomerLiabilityRecognizedCostOfSalesInYearThree
|
191000 | usd |
CY2022Q4 | ACFN |
Contract With Customer Liability Recognized Cost Of Sales
ContractWithCustomerLiabilityRecognizedCostOfSales
|
1694000 | usd |
CY2020Q4 | us-gaap |
Deferred Sales Inducements Net
DeferredSalesInducementsNet
|
1306000 | usd |
CY2020Q4 | us-gaap |
Deferred Sales Inducements Net
DeferredSalesInducementsNet
|
1306000 | usd |
CY2021 | ACFN |
Contract With Customer Liability Additions Net Of Adjustments
ContractWithCustomerLiabilityAdditionsNetOfAdjustments
|
1155000 | usd |
CY2021 | ACFN |
Contract With Customer Liability Sales Recognized
ContractWithCustomerLiabilitySalesRecognized
|
-948000 | usd |
CY2021Q4 | us-gaap |
Deferred Sales Inducements Net
DeferredSalesInducementsNet
|
1513000 | usd |
CY2021Q4 | us-gaap |
Deferred Sales Inducements Net
DeferredSalesInducementsNet
|
1513000 | usd |
CY2021Q4 | ACFN |
Contract With Customer Liability Recognized Cost Of Sales In Year One
ContractWithCustomerLiabilityRecognizedCostOfSalesInYearOne
|
799000 | usd |
CY2021Q4 | ACFN |
Contract With Customer Liability Recognized Cost Of Sales In Year Two
ContractWithCustomerLiabilityRecognizedCostOfSalesInYearTwo
|
507000 | usd |
CY2021Q4 | ACFN |
Contract With Customer Liability Recognized Cost Of Sales In Year Three
ContractWithCustomerLiabilityRecognizedCostOfSalesInYearThree
|
207000 | usd |
CY2021Q4 | ACFN |
Contract With Customer Liability Recognized Cost Of Sales
ContractWithCustomerLiabilityRecognizedCostOfSales
|
1513000 | usd |
CY2021Q4 | ACFN |
Contract With Customer Asset Sale Commission
ContractWithCustomerAssetSaleCommission
|
295000 | usd |
CY2022 | ACFN |
Contract With Customer Asset Additions
ContractWithCustomerAssetAdditions
|
288000 | usd |
CY2022 | us-gaap |
Amortization Of Deferred Sales Commissions
AmortizationOfDeferredSalesCommissions
|
184000 | usd |
CY2022Q4 | ACFN |
Contract With Customer Asset Sale Commission
ContractWithCustomerAssetSaleCommission
|
399000 | usd |
CY2020Q4 | ACFN |
Contract With Customer Asset Sale Commission
ContractWithCustomerAssetSaleCommission
|
177000 | usd |
CY2020Q4 | ACFN |
Contract With Customer Asset Sale Commission
ContractWithCustomerAssetSaleCommission
|
177000 | usd |
CY2021 | ACFN |
Contract With Customer Asset Additions
ContractWithCustomerAssetAdditions
|
246000 | usd |
CY2021 | us-gaap |
Amortization Of Deferred Sales Commissions
AmortizationOfDeferredSalesCommissions
|
128000 | usd |
CY2021Q4 | ACFN |
Contract With Customer Asset Sale Commission
ContractWithCustomerAssetSaleCommission
|
295000 | usd |
CY2021Q4 | ACFN |
Contract With Customer Asset Sale Commission
ContractWithCustomerAssetSaleCommission
|
295000 | usd |