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Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash $ 2,591,000 $ 2,326,000
Accounts receivable, net 2,060,000 1,933,000
Inventory 920,000 436,000
Other current assets 282,000 288,000
State income tax receivable 10,000
Deferred cost of goods sold (COGS) 316,000 406,000
Total current assets 6,169,000 5,399,000
Property and equipment, net 481,000 505,000
Right-of-use assets, net 57,000 84,000
Deferred COGS 25,000 70,000
Other assets 92,000 103,000
Deferred tax assets 4,310,000 4,435,000
Total assets 11,134,000 10,596,000
Current liabilities:    
Accounts payable 684,000 297,000
Accrued expenses 198,000 290,000
Deferred revenue 3,394,000 3,521,000
Current operating lease liabilities 66,000 98,000
Other current liabilities 62,000 59,000
State income tax payable 34,000 19,000
Total current liabilities 4,438,000 4,284,000
Long-term liabilities:    
Deferred revenue 561,000 712,000
Other long-term liabilities 25,000 24,000
Total liabilities 5,024,000 5,020,000
Commitments and contingencies (Note 7)
Acorn Energy, Inc. stockholders    
Common stock - $0.01 par value per share: Authorized - 42,000,000 shares; issued - 2,541,308 at March 31, 2025 and December 31, 2024; outstanding - 2,491,130 at March 31, 2025 and December 31, 2024 25,000 25,000
Additional paid-in capital 103,466,000 103,405,000
Accumulated stockholders’ deficit (94,390,000) (94,854,000)
Treasury stock, at cost – 50,178 shares at March 31, 2025 and December 31, 2024 (3,036,000) (3,036,000)
Total Acorn Energy, Inc. stockholders’ equity 6,065,000 5,540,000
Non-controlling interests 45,000 36,000
Total equity 6,110,000 5,576,000
Total liabilities and equity $ 11,134,000 $ 10,596,000