Acorn Energy (ACFN) 10-Q 16 Nov 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Nov. 16, 2015
Document And Entity Information
Entity Registrant Name	ACORN ENERGY, INC.
Entity Central Index Key	880,984
Document Type	10-Q
Document Period End Date	Sep. 30, 2015
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		27,325,591
Trading Symbol	ACFN
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2,015

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 532	$ 4,821
Restricted deposits	2,866	$ 467
Escrow deposit	100
Accounts receivable, net of provisions for doubtful accounts of $143 and $36 at December 31, 2014 and September 30, 2015, respectively	5,125	$ 4,902
Unbilled revenue	6,456	7,890
Inventory	1,169	1,374
Other current assets	$ 1,908	1,813
Current assets - discontinued operations		143
Total current assets	$ 18,156	21,410
Property and equipment, net	1,023	1,080
Severance assets	3,492	3,256
Restricted deposits	$ 3,690	650
Intangible assets, net		1,211
Goodwill	$ 512	1,031
Other assets	785	905
Total assets	27,658	29,543
Current liabilities:
Short-term bank credit and current maturities of long-term debt	3,060	$ 4,419
Leap Tide loan payable, net of discount	1,564
Accounts payable	3,602	$ 2,187
Accrued payroll, payroll taxes and social benefits	1,641	1,584
Deferred revenue	5,947	1,634
Other current liabilities	$ 3,456	3,028
Current liabilities - discontinued operations		4,693
Total current liabilities	$ 19,270	17,545
Long-term liabilities:
Accrued severance	4,854	4,594
Other long-term liabilities	1,066	1,011
Total long-term liabilities	$ 5,920	$ 5,605
Commitments and contingencies
Equity:
Acorn Energy, Inc. shareholders Common stock - $0.01 par value per share: Authorized - 30,000,000 shares; Issued - 27,277,511 and 28,127,511 shares at December 31, 2014 and September 30, 2015, respectively	$ 281	$ 272
Additional paid-in capital	98,823	97,607
Warrants	1,641	1,641
Accumulated deficit	(95,266)	(86,592)
Treasury stock, at cost - 801,920 shares at December 31, 2014 and September 30, 2015	(3,036)	(3,036)
Accumulated other comprehensive loss	(332)	(212)
Total Acorn Energy, Inc. shareholders' equity	2,111	9,680
Non-controlling interests	357	(3,287)
Total equity	2,468	6,393
Total liabilities and equity	$ 27,658	$ 29,543

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Accounts receivable, net of provisions for doubtful accounts	$ 36	$ 143
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	30,000,000	30,000,000
Common stock, shares issued	28,127,511	27,277,511
Treasury stock, shares	801,920	801,920

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Revenues:
Projects	$ 3,556	$ 3,249	$ 9,860	$ 8,695
Products	620	1,474	2,683	4,240
Services	600	445	1,658	1,410
Total revenues	4,776	5,168	14,201	14,345
Cost of sales:
Projects	2,176	2,136	6,428	6,262
Products	1,046	974	2,793	3,088
Services	123	125	365	356
Total cost of sales	3,345	3,235	9,586	9,706
Gross profit	1,431	1,933	4,615	4,639
Operating expenses:
Research and development expenses, net of credits	434	677	1,635	2,135
Selling, general and administrative expenses	2,902	$ 2,690	8,681	$ 9,134
Impairments	$ 712		$ 1,562
Provision for loss - channel partner				$ 649
Restructuring and related charges		$ 96		294
Total operating expenses	$ 4,048	3,463	$ 11,878	12,212
Operating loss	(2,617)	(1,530)	(7,263)	(7,573)
Finance income (expense), net	(166)	81	(260)	(65)
Loss before income taxes	(2,783)	(1,449)	(7,523)	(7,638)
Income tax expense	(58)	(12)	(47)	(125)
Net loss from continuing operations	(2,841)	(1,461)	(7,570)	(7,763)
Income (loss) from discontinued operations, net of income taxes	208	(2,687)	(1,173)	(6,881)
Net loss	(2,633)	(4,148)	(8,743)	(14,644)
Non-controlling interest share of net (income) loss - continuing operations	(46)	(40)	(29)	98
Non-controlling interest share of net (income) loss - discontinued operations	(77)	339	98	866
Net loss attributable to Acorn Energy, Inc. shareholders	$ (2,756)	$ (3,849)	$ (8,674)	$ (13,680)
Basic and diluted net loss per share attributable to Acorn Energy, Inc. shareholders:
Continuing operations	$ (0.10)	$ (0.06)	$ (0.29)	$ (0.35)
Discontinued operations	0	(0.11)	(0.04)	(0.27)
Total attributable to Acorn Energy, Inc. shareholders	$ (0.10)	$ (0.17)	$ (0.33)	$ (0.62)
Weighted average number of shares outstanding attributable to Acorn Energy, Inc. shareholders - basic and diluted	26,933	22,190	26,629	22,184

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Condensed Consolidated Statements Of Comprehensive Loss
Net loss attributable to Acorn Energy, Inc. shareholders	$ (2,756)	$ (3,849)	$ (8,674)	$ (13,680)
Other comprehensive income (loss):
Foreign currency translation adjustments	(132)	(325)	(114)	(159)
Comprehensive loss	(2,888)	(4,174)	(8,788)	(13,839)
Comprehensive income (loss) attributable to non-controlling interests	7	15	(6)	15
Comprehensive loss attributable to Acorn Energy, Inc. shareholders	$ (2,881)	$ (4,159)	$ (8,794)	$ (13,824)

Condensed Consolidated Stateme6

Condensed Consolidated Statement of Changes in Equity (Unaudited) - 9 months ended Sep. 30, 2015 - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Warrants [Member]	Accumulated Deficit [Member]	Treasury Stock [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Total Acorn Energy, Inc. Shareholders' Equity [Member]	Non-controlling Interests [Member]	Total
Balances at Dec. 31, 2014	$ 272	$ 97,607	$ 1,641	$ (86,592)	$ (3,036)	$ (212)	$ 9,680	$ (3,287)	$ 6,393
Balances, shares at Dec. 31, 2014	27,278
Net loss				$ (8,674)			(8,674)	(69)	(8,743)
Differences from translation of subsidiaries' financial statements						$ (120)	(120)	6	(114)
Deconsolidation of USSI		$ 541					541	$ 3,700	4,241
Initial Shares in Leap Tide transaction (see Note 3)	$ 9	153					162		$ 162
Initial Shares in Leap Tide transaction (see Note 3), shares	850								162
Stock option compensation		$ 522					$ 522		$ 522
Stock option compensation of subsidiaries								$ 7	7
Balances at Sep. 30, 2015	$ 281	$ 98,823	$ 1,641	$ (95,266)	$ (3,036)	$ (332)	$ 2,111	$ 357	$ 2,468
Balances, shares at Sep. 30, 2015	28,128

Condensed Consolidated Stateme7

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash flows provided by (used in) operating activities:
Net loss	$ (8,743)	$ (14,644)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities (see Schedule A)	11,492	9,456
Net cash provided by (used in) operating activities - continuing operations	2,749	(5,188)
Net cash used in operating activities - discontinued operations	(1,792)	(8,609)
Net cash provided by (used in) operating activities	957	(13,797)
Cash flows provided by (used in) investing activities:
Acquisitions of property and equipment	$ (156)	(352)
Loan to channel partner		(640)
Restricted deposits	$ (7,139)	(868)
Release of restricted deposits	1,700	$ 96
Escrow deposit	(100)
Amounts funded for severance assets	(274)	$ (152)
Net cash used in investing activities - continuing operations	(5,969)	(1,916)
Net cash provided by (used in) investing activities - discontinued operations	725	(180)
Net cash used in investing activities	(5,244)	(2,096)
Cash flows provided by (used in) financing activities:
Short-term bank credit, net	(1,337)	$ 2,070
Proceeds from Leap Tide transaction	$ 2,000
Proceeds from borrowings of long-term debt		$ 292
Repayments of long-term debt	$ (96)	(24)
Net cash provided by (used in) financing activities - continuing operations	567	2,338
Net cash provided by (used in) financing activities - discontinued operations	(461)	300
Net cash provided by financing activities	106	2,638
Effect of exchange rate changes on cash and cash equivalents	(160)	(24)
Net decrease in cash and cash equivalents	(4,341)	(13,279)
Cash and cash equivalents at the beginning of the year - discontinued operations	52	748
Cash and cash equivalents at the beginning of the year - continuing operations	$ 4,821	16,531
Cash and cash equivalents at the end of the period - discontinued operations		9
Cash and cash equivalents at the end of the period - continuing operations	$ 532	3,991
A. Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Loss from discontinued operations	1,173	6,881
Depreciation and amortization	376	$ 496
Impairments	1,562
Write-off of inventory	$ 46	$ 101
Provision for loss - channel partner		649
Increase in accrued severance	$ 301	191
Stock-based compensation	523	$ 664
Accretion of Leap Tide discount	66
Deconsolidation of USSI	401
Deferred taxes	42	$ 122
Other	(44)	(79)
Change in operating assets and liabilities:
Decrease in accounts receivable, unbilled revenue, other current and other assets	1,190	620
Decrease in inventory	148	213
Increase (decrease) in deferred revenues	4,313	(271)
Increase in accounts payable, accrued payroll, payroll taxes and social benefits, other current liabilities and other liabilities	1,796	(131)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities, total	11,492	$ 9,456
B. Non-cash investing and financing activities:
Liability/discount for put on Initial Shares in Leap Tide transaction	340
Liability for put on Vested Share Rights in Leap Tide transaction	111
Value of Initial Shares (discount) in Leap Tide transaction	162
Adjustment of paid-in-capital and non-controlling interest from the deconsolidation of USSI	$ 541

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
Basis of Presentation	NOTE 1 — BASIS OF PRESENTATION The accompanying unaudited condensed consolidated financial statements of Acorn Energy, Inc. and its subsidiaries (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 month period ended September 30, 2015 are not necessarily indicative of the results that may be expected for the year ending December 31, 2015. All dollar amounts in the notes to the condensed consolidated financial statements are in thousands except for per share data. Certain reclassifications have been made to the Company’s condensed consolidated financial statements for the three and nine month periods ended September 30, 2014 to conform to the current period’s condensed consolidated financial statement presentation. 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, 2014.

Recent Authoritative Guidance

Recent Authoritative Guidance	9 Months Ended
	Sep. 30, 2015
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Recent Authoritative Guidance	NOTE 2 — RECENT AUTHORITATIVE GUIDANCE There have been no recent accounting pronouncements or changes in accounting pronouncements during the nine months ended September 30, 2015, that are of material significance, or have potential material significance, to the Company.

Liquidity and Financing

Liquidity and Financing	9 Months Ended
	Sep. 30, 2015
Liquidity And Financing
Liquidity and Financing	NOTE 3 — LIQUIDITY AND FINANCING Liquidity Earlier in 2015, the Company expected that it would have sufficient liquidity to finance its activities and the activities of GridSense and OmniMetrix based upon its cash balance at the time and the support then expected to be provided by DSIT (up to $5,000 in 2015). Support from DSIT has not materialized primarily due to delays in the billing and collection of certain unbilled revenue. From January 1, 2015 to September 30, 2015, DSIT has lent Acorn approximately $465. The Company no longer expects DSIT to provide significant additional funding and, as a result, the Company has sought alternate sources of funding, including a financing transaction with Leap Tide (see below) and the sale of 10% of its interests in OmniMetrix (see Subsequent Events – Note 12). While the Company continues to expect DSIT to provide certain funding in 2015 and into 2016 as its finances allow, the Company will continue to pursue alternative sources of funding, which may include additional loans from related and/or non-related parties, a sale or partial sale of one or more of our operating subsidiaries or equity financings. There can be no assurance additional funding will be available at terms acceptable to the Company. If additional funding is not available in sufficient amounts, Acorn will not be able to fund its own corporate activities during the next twelve months, which could materially impact the Company’s ability to continue operations, and Acorn may not be able to fund GridSense and OmniMetrix as it has historically, which could materially impact the carrying value of these subsidiaries. Financing – Leap Tide Transaction On August 13, 2015, the Company executed a Loan and Security Agreement with Leap Tide Capital Partners III, LLC (“Leap Tide”), pursuant to which the Company borrowed $2,000 from Leap Tide (the “LT Loan”). Principal and accrued interest is due and payable on August 13, 2016. Interest accrues and is payable quarterly at a rate of 10% per annum. At the closing, $100 of the proceeds were deposited into an escrow account which will be used to fund the payment of interest; the escrow account shall be maintained at not less than $50 until the last three months before maturity. In addition to the interest payable in cash described above, Leap Tide received 850,000 shares of the Company’s common stock (the “Initial Shares”) at the closing and became entitled to vested rights to receive 179,167 additional shares of the Company’s common stock (each vested right to receive one share, a “Vested Share Right”) per month for each full month that the full principal amount of the LT Loan remains outstanding, subject to immediate vesting upon acceleration of the LT Loan for the Company’s failure to timely increase its authorized shares of common stock as described below. The number of Vested Share Rights that accrue in a given month shall be prorated to the extent less than the full principal amount is outstanding and/or for any partial month in which no principal amount is outstanding. Leap Tide is entitled to receive the Company’s common stock underlying its Vested Share Rights after the expiration of the Cash Settlement Period (defined below). The Company may pre-pay all principal and interest accrued on the LT Loan at any time. In addition, the Company may on or prior to 30 days after the maturity or earlier acceleration or repayment of the LT Loan (such 30-day period being referred to herein as the “Cash Settlement Period”) repurchase any or all Initial Shares and settle any or all Vested Share Rights accrued under the LT Loan for cash in lieu of stock. The cash repurchase/settlement price shall be an amount equal to $0.30 for each Initial Share so repurchased and each Vested Share Right so settled. The Company’s right to repurchase Initial Shares and settle Vested Share Rights for cash in lieu of stock shall be subject to Lender’s right to put the same to the Company at a higher price as described below. The Company does not have sufficient authorized common stock to cover the full amount of Vested Share Rights that will accrue through maturity of the LT Loan. Failure by the Company to effectuate a charter amendment to authorize sufficient additional common stock by March 31, 2016 shall be deemed an event of default, triggering Leap Tide’s right to accelerate the LT Loan and entitling Leap Tide to put to the Company, at a price equal to $0.40 per Initial Share and Vested Share Right, any Initial Shares and any Vested Share Rights (see below for the liability recorded with respect to the Leap Tide transaction). Subject to customary permitted liens, the LT Loan is secured by a first priority lien on the assets of the Company, except that the lien on the Company’s shares of DSIT is pari passu with a preexisting lien held by DSIT to secure its loans to the Company in the principal amount of up to $5,000. DSIT and Leap Tide have entered into an intercreditor and collateral agency agreement reflecting the pari passu nature of their respective liens. Each of the Company’s domestic subsidiaries (GridSense, OMX Holdings, Inc. and OmniMetrix) has guaranteed the repayment of the LT Loan, and GridSense and OmniMetrix have pledged their respective IP as security. Certain members of the management of the Company’s DSIT Solutions subsidiary (including its CEO and its CFO - who also serves as CFO of the Company) have invested in Leap Tide (which is a special entity formed to make the loan) on the same terms as the other investors in Leap Tide. None of these persons has any role in the management of Leap Tide. The value of the Initial Shares ($162) at closing is treated as a discount to the loan and is being amortized to interest expense over the one-year period of the LT Loan. Through September 30, 2015, $21 of the discount associated with the Initial Shares was amortized and the remaining discount is $141. Through September 30, 2015, Leap Tide is entitled to 278,454 Vested Share Rights. The Company has recorded interest expense of $28 associated with these Vested Share Rights. In addition, the Company recorded $340 as a liability and an additional discount to the loan with respect to Leap Tide’s put on the Initial Shares. Such liability is included in Other current liabilities in the Company's condensed consolidated balance sheets. Through September 30, 2015, $45 of the discount associated with Leap Tide’s put on the Initial shares was amortized and the remaining discount is $295. The Company also has recorded interest expense of $111 associated with the put on the Vested Share Rights.

Repayment of Gridsense Loan

Repayment of Gridsense Loan	9 Months Ended
	Sep. 30, 2015
Debt Disclosure [Abstract]
Repayment of Gridsense Loan	NOTE 4 — REPAYMENT OF GRIDSENSE LOAN The Company’s GridSense subsidiary was a party to a Loan and Security Agreement with Square 1 Bank (the “Bank”) dated as of November 2, 2012, as amended from time to time (the “Loan Agreement”) and is a party to a related Financing Agreement (the “Financing Agreement”). The obligations of GridSense to the Bank under the Loan Agreement were guaranteed by the Company. On April 13, 2015, the Company received notice stating that the Company had failed to maintain compliance with covenants, thereby creating an event of default under the Loan Agreement and under the Financing Agreement and declaring all obligations of GridSense owing under the Loan Agreement and the Financing Agreement to be immediately due and payable. As of the date of the notice, GridSense owed approximately $1,480 and $158 under the Loan Agreement and the Financing Agreement, respectively. Effective as of April 30, 2015, GridSense and the Bank entered into an amendment to the Loan Agreement pursuant to which (i) the Bank waived events of default under the Loan Agreement and Financing Agreement, (ii) GridSense paid $500 to the Bank in reduction of its obligations under the Loan Agreement, (iii) the Company deposited $250 on May 4, 2015 and $250 on May 14, 2015 into a restricted account (the “Restricted Account”) at the Bank to secure the Company’s guaranty of GridSense’s obligations under the Loan Agreement and agreed to make an additional deposit into the Restricted Account of $250 by July 31, 2015, (iv) GridSense agreed to the repayment, commencing September 1, 2015, of an aggregate of $250 of advances under the Loan Agreement in equal monthly installments through May 1, 2016, and (v) the Company is required to have an unrestricted cash balance equal to no less than the amount of all obligations of GridSense to the Bank which are not secured by the Restricted Account. The Bank agreed to delay the July 31, 2015 payment until the Company completed the LT Loan financing (see Note 3). Upon completion of the LT Loan financing on August 13, 2015, the Company paid $480 to the Bank and applied the $500 in current restricted deposits to the outstanding debt to the Bank in full satisfaction of amounts due under the Loan Agreement.

Discontinued Operations

Discontinued Operations	9 Months Ended
	Sep. 30, 2015
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	NOTE 5 — Discontinued Operations In early 2015, the Company’s Board of Directors decided that it would no longer continue to fund USSI’s activities following the significant decline in oil prices which led to significantly reduced demand for USSI’s products. At that time, USSI effectively suspended operations and terminated substantially all employees. USSI granted a lien to its bank (the “Bank”) on substantially all of its assets including intellectual property. The debt due to the Bank under USSI’s line-of-credit matured in January 2015 and became due on demand. The debt was bore interest at the default rate of 11.5% per annum. The Company did not guarantee the line-of-credit. Beginning in April 2015, the Company worked with the Bank in an attempt to sell the USSI assets for the benefit of all stakeholders, but was unsuccessful. On September 25, 2015, the Bank held a public auction of the USSI assets and received no offers. The Bank submitted a credit bid for $725 and acquired all the assets of USSI. On September 28, 2015, the Board of Directors of USSI approved a motion to file a voluntary petition for protection under Chapter 7 of the United States Bankruptcy Code (a “Chapter 7 Bankruptcy”). Such filing was made on September 30, 2015. Under a Chapter 7 Bankruptcy, control of USSI no longer rests with the Company, but rather with a court-appointed trustee. Accordingly, effective September 30, 2015, the Company is no longer consolidating the assets, liabilities or operating results of USSI and recorded a loss of $401 on the deconsolidation of USSI which is included in Income (loss) from discontinued operations, net of income taxes in the Company's Condensed Consolidated Statements of Operations. Assets and liabilities related to the discontinued operations of USSI are as follows: As of December 31, 2014 September 29, 2015 – prior to deconsolidation Cash and cash equivalents $ 52 $ -- Other current assets 91 -- Total assets $ 143 $ -- Short-term bank credit $ 1,460 $ 999 Accounts payable 1,006 1,029 Accrued payroll, payroll taxes and social benefits 346 90 Other current liabilities 1,881 1,721 Total liabilities $ 4,693 $ 3,839 USSI’s results for the three and nine months ended September 30, 2014 and 2015 are included in Income (loss) from discontinued operations, net of income taxes in the Company’s Condensed Consolidated Statements of Operations. Summarized financial information for USSI’s operations for the three and nine months ended September 30, 2014 and 2015 are presented below: Nine months ended September 30, Three months ended September 30, 2014 2015 2014 2015 Revenues $ 471 $ 163 $ 471 $ 84 Gross profit (loss) $ (858 ) $ (68 ) $ (428 ) $ 18 Net income (loss) $ (6,881 ) $ (772 ) $ (2,687 ) $ 609 Loss on deconsolidation - (401 ) - (401 ) Income (loss) from discontinued operations, net of income taxes $ (6,881 ) $ (1,173 ) $ (2,687 ) $ 208

Restructuring and Related Charg

Restructuring and Related Charges	9 Months Ended
	Sep. 30, 2015
Restructuring and Related Activities [Abstract]
Restructuring and Related Charges	NOTE 6 — RESTRUCTURING AND RELATED CHARGES (a) GridSense ® In 2013 and 2014, GridSense restructured operations in both its U.S. and Australian entities. This action was taken primarily in order to improve efficiency based on GridSense’s revenue mix and skills mix. The restructurings included terminations of employees in both the United States and Australia and a shut-down of GridSense’s Australian offices in an effort to further reduce costs and streamline operations. GridSense continues to sell its current products in Australia and the surrounding areas through a network of distributors. At December 31, 2014, $38 of the costs associated with employee severance and termination benefits charge remained unpaid. During the nine months ended September 30, 2015, GridSense made no additional payments. The remaining accrued restructuring charge is expected to be paid in full by September 30, 2016. The balance is included in Other current liabilities in the Condensed Consolidated Balance Sheets. (b) OmniMetrix TM In 2013, OmniMetrix restructured its operations to better align expenses with revenues following a change in management. The restructuring involved employee severance and termination benefits as well as a charge for a significant reduction in the utilization of its leased facility in Buford and a write-down of a majority of the remaining book value of leasehold improvements associated with the leased facility. At December 31, 2014, $248 of lease payments associated with the reduced utilization of leased facilities remained unpaid. During the nine months ended September 30, 2015, OmniMetrix paid $33 of this liability. The total remaining accrued restructuring balance of $215 is expected to be paid in full by December 31, 2019 and is included in Other current liabilities ($45) and Other liabilities ($170) in the Company’s Condensed Consolidated Balance Sheets.

Inventory, Net

Inventory, Net	9 Months Ended
	Sep. 30, 2015
Inventory Disclosure [Abstract]
Inventory, Net	NOTE 7 — INVENTORY, NET The composition of inventory is as follows: As of December 31, 2014 As of September 30, 2015 Raw materials $ 682 $ 606 Work-in-process 275 376 Finished goods 417 187 $ 1,374 $ 1,169 At December 31, 2014 and September 30, 2015, the Company’s inventory reserve was $319 and $264, respectively.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	9 Months Ended
	Sep. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	NOTE 8 — GOODWILL AND INTANGIBLE ASSETS (a) Goodwill The changes in the carrying amounts of goodwill by segment from December 31, 2014 to September 30, 2015 were as follows: Energy & Security Sonar Solutions segment Smart Grid Distribution Automation segment Total Balance at December 31, 2014 $ 518 $ 513 $ 1,031 Impairment -- (513 ) (513 ) Translation adjustment (6 ) -- (6 ) Balance at September 30, 2015 $ 512 $ -- $ 512 In the second quarter of 2015, the Company determined that the goodwill associated with its Smart Grid Distribution Automation segment (GridSense) was fully impaired as a result of below-projected revenues. (b) Intangibles The changes in the carrying amounts and accumulated amortization of intangible assets (all in the Company’s Smart Grid Distribution Automation segment) from December 31, 2014 to September 30, 2015 were as follows: Cost Accumulated amortization Total Balance as of December 31, 2014 $ 2,175 $ (964 ) $ 1,211 Amortization — (123 ) (123 ) Impairment (1,049 ) — (1,049 ) Cumulative translation adjustment (116 ) 77 (39 ) Balance as of September 30, 2015 $ 1,010 $ (1,010 ) $ -- In the second quarter of 2015, the Company’s Smart Grid Distribution Automation segment recorded an impairment charge of $337 representing an impairment of certain technologies and the value of customer relationships and trade name associated with GridSense’s historic operations in Australia. The impairment charge follows declining second quarter 2015 revenue and expected future revenues in Australia through GridSense’s distributor relationship in Australia following the fulfillment of a major order in the first quarter of 2015. In the third quarter of 2015, the Company’s Smart Grid Distribution Automation segment recorded an additional impairment charge of $712 representing an impairment of the value associated with the remaining technologies of GridSense associated with its historic operations in Australia and that of the technologies in the U.S., as well as the value of customer relationships and trade name associated with GridSense’s operations in the U.S. The impairment charge follows a continuing decline in third quarter 2015 revenue.

Equity

Equity	9 Months Ended
	Sep. 30, 2015
Equity [Abstract]
Equity	NOTE 9 — EQUITY (a) Acorn Stock Options A summary of stock option activity for the nine months ended September 30, 2015 is as follows: Number of Options (in shares) Weighted Average Exercise Price Per Weighted Average Remaining Contractual Life Aggregate Intrinsic Value Outstanding at December 31, 2014 1,812,428 $ 4.51 Granted 687,654 $ 0.75 Exercised -- -- Forfeited or expired (95,164 ) $ 3.19 Outstanding at September 30, 2015 2,404,918 $ 3.48 5.3 years $ -- Exercisable at September 30, 2015 1,662,410 $ 4.33 4.1 years $ -- The fair value of the options granted ($0.51 per option during the nine months ended September 30, 2015) was estimated on the grant dates using the Black-Scholes option-pricing model with the following weighted average assumptions: Risk-free interest rate 2.1 % Expected term of options 8.6 years Expected annual volatility 63 % Expected dividend yield — % (b) Stock-based Compensation Expense Stock-based compensation expense included in Selling, general and administrative expenses in the Company’s Condensed Statements of Operations for the nine month periods ended September 30, 2014 and 2015 was $664 and $523, respectively and was $107 and $146 for the three month periods ended September 30, 2014 and 2015, respectively. In addition, $72 and $6 was recorded in the Company’s USSI subsidiary included in Discontinued operations for the nine month periods ended September 30, 2014 and 2015, respectively, and $9 and $0 for the three month periods ended September 30, 2014 and 2015, respectively - See Note 5.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value Measurements	NOTE 10 — FAIR VALUE MEASUREMENTS Financial items measured at fair value are classified in the table below in accordance with the hierarchy established in applicable accounting principles. As at September 30, 2015 Level 1 Level 2 Level 3 Total Restricted deposits – current $ 2,866 $ — $ — $ 2,866 Restricted deposits – non-current 3,690 — — 3,690 Derivative liabilities (48 ) — (488 ) (536 ) Total $ 6,508 $ — $ (488 ) $ 6,020 As at December 31, 2014 Level 1 Level 2 Level 3 Total Restricted deposits – current $ 467 $ — $ — $ 467 Restricted deposits – non-current 650 — — 650 Derivative assets (liabilities) 5 — (50 ) (45 ) Total $ 1,122 $ — $ (50 ) $ 1,072 Current restricted deposits are comprised of security deposits with respect to various performance and bank guarantees provided in the normal course of business for DSIT’s operations that are expected to be released by September 30, 2016. DSIT has also provided $3,690 of security deposits for guarantees that are expected to be released through the middle of 2018. Level 1 derivative assets and liabilities are related to forward contracts for the purchase of New Israeli Shekels for which market prices are readily available. Unrealized gains or losses from forward contracts are recorded in Finance income (expense), net. Level 3 derivative liabilities are with respect to the fair value of the liability of stock options and warrants outstanding in excess of the Company’s authorized shares ($9 at September 30, 2015) and the rights associated with the LT Loan ($479 at September 30, 2015) (see Note 3).

Segment Reporting

Segment Reporting	9 Months Ended
	Sep. 30, 2015
Segment Reporting [Abstract]
Segment Reporting	NOTE 11 — SEGMENT REPORTING The Company currently operates in three reportable operating segments: ● Energy & Security Sonar Solutions. The Company provides sonar and acoustic related solutions for energy, defense and commercial markets with a focus on underwater site security for strategic energy installations and other advanced acoustic systems and real-time embedded hardware and software development and production through its DSIT Solutions Ltd. (“DSIT”) subsidiary. ● Smart Grid Distribution Automation. These products and services are provided by the Company’s GridSense TM ● Machine-to-Machine Critical Asset Monitoring & Control (“M2M”). The M2M segment provides wireless remote monitoring and control systems and services for critical assets such as gas pipelines and backup generators. These activities are performed through the Company’s OmniMetrix subsidiary. Other operations include certain IT activities (protocol management software for cancer patients and billing software) and outsourced consulting activities performed by the Company’s DSIT subsidiary as well as pipeline monitoring activities in the Company’s OmniMetrix subsidiary (for remote monitoring and control of corrosion protection systems on gas pipelines for gas utilities and pipeline companies) that do not meet the quantitative thresholds under applicable accounting principles. Energy & Security Sonar Solutions Smart Grid Distribution Automation M2M Other Total Nine months ended September 30, 2015 Revenues from external customers $ 9,025 $ 1,984 $ 1,774 $ 1,418 $ 14,201 Segment gross profit (loss) 3,048 (119 ) 1,035 651 4,615 Depreciation and amortization 137 152 53 31 373 Impairments -- 1,562 -- -- 1,562 Segment net income (loss) before income taxes 132 (3,630 ) (1,131 ) 62 (4,567 ) Nine months ended September 30, 2014 Revenues from external customers $ 8,112 $ 3,362 $ 1,587 $ 1,284 $ 14,345 Segment gross profit 2,189 942 854 654 4,639 Restructuring and related charges — 198 77 19 294 Depreciation and amortization 212 194 52 36 494 Segment net loss before income taxes (638 ) (2,443 ) (1,209 ) (61 ) (4,351 ) Three months ended September 30, 2015 Revenues from external customers $ 3,277 $ 374 $ 661 $ 464 $ 4,776 Segment gross profit (loss) 1,258 (392 ) 401 164 1,431 Depreciation and amortization 47 39 18 9 113 Impairments — 712 — — 712 Segment net income (loss) before income taxes 336 (1,737 ) (431 ) 49 (1,783 ) Three months ended September 30, 2014 Revenues from external customers $ 3,075 $ 1,153 $ 531 $ 409 $ 5,168 Segment gross profit 1,044 391 290 208 1,933 Restructuring and related charges — 96 — — 96 Depreciation and amortization 67 63 17 12 159 Segment net income (loss) before income taxes 140 (665 ) (358 ) (1 ) (884 ) Reconciliation of Segment Income (Loss) to Consolidated Net Loss Before Income Taxes Nine months ended September 30, Three months ended September 30, 2014 2015 2014 2015 Total net loss before income taxes for reportable segments $ (4,290 ) $ (4,629 ) $ (883 ) $ (1,832 ) Other operational segment net income (loss) before income taxes (61 ) 62 (1 ) 49 Total segment net loss before income taxes (4,351 ) (4,567 ) (884 ) (1,783 ) Unallocated cost of corporate headquarters* (2,678 ) (2,881 ) (693 ) (991 ) Provision for loss – channel partner (649 ) -- -- -- Unallocated benefit (cost) of DSIT headquarters 40 (75 ) 128 (9 ) Consolidated loss before income taxes $ (7,638 ) $ (7,523 ) $ (1,449 ) $ (2,783 ) * Includes stock compensation expense of $629 and $522 for the nine month periods ended September 30, 2014 and 2015 and $79 and $146 for the three month periods ended September 30, 2014 and 2015, respectively. The three and nine months ended September 30, 2015 also includes $232 of interest associated with the Leap Tide transaction (see Note 3).

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2015
Subsequent Events [Abstract]
Subsequent Events	NOTE 12 — SUBSEQUENT EVENTS On October 16, 2015, one of the Company’s directors acquired a 10% interest in the Company’s OmniMetrix Holdings, Inc. subsidiary (“Holdings”) for $500 through the purchase of preferred stock. Holdings is the holder of 100% of the membership interests OmniMetrix, LLC through which the Company operates its M2M and pipeline monitoring activities. In the transaction, the director acquired 100 shares of Series A Preferred Stock (the “Preferred Stock”) of Holdings. A dividend of 10% per annum will accrue on the Preferred Stock. The dividend will be payable on the first anniversary of the funding of the investment and quarterly thereafter for so long as the Preferred Stock is outstanding and has not been converted to Common Stock. The dividend will be payable in cash or the form of additional shares of Preferred Stock at the election of the holder of the Preferred Stock. The Preferred Stock will convert at the option of the holder of the Preferred Stock on a one-for-one basis into Common Stock, subject to appropriate adjustments for corporate reorganizations, mergers, stock splits, etc. The Preferred Stock has full ratchet anti-dilution protection and will not be diluted by any issuances below a pre-money equity valuation of $5,500 for OmniMetrix. The Company will have the right to drag along the holder of the Preferred Stock in the event of a sale by Acorn of at least a majority of its shares in OmniMetrix and the holder of the Preferred Stock will have the right to tag along on any such sale.

Discontinued Operations (Tables

Discontinued Operations (Tables)	9 Months Ended
	Sep. 30, 2015
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Assets and Liabilities Related to Discontinued Operations	Assets and liabilities related to the discontinued operations of USSI are as follows: As of December 31, 2014 September 29, 2015 – prior to deconsolidation Cash and cash equivalents $ 52 $ -- Other current assets 91 -- Total assets $ 143 $ -- Short-term bank credit $ 1,460 $ 999 Accounts payable 1,006 1,029 Accrued payroll, payroll taxes and social benefits 346 90 Other current liabilities 1,881 1,721 Total liabilities $ 4,693 $ 3,839
Schedule of Financial Information	Summarized financial information for USSI’s operations for the three and nine months ended September 30, 2014 and 2015 are presented below: Nine months ended September 30, Three months ended September 30, 2014 2015 2014 2015 Revenues $ 471 $ 163 $ 471 $ 84 Gross profit (loss) $ (858 ) $ (68 ) $ (428 ) $ 18 Net income (loss) $ (6,881 ) $ (772 ) $ (2,687 ) $ 609 Loss on deconsolidation - (401 ) - (401 ) Income (loss) from discontinued operations, net of income taxes $ (6,881 ) $ (1,173 ) $ (2,687 ) $ 208

Inventory, Net (Tables)

Inventory, Net (Tables)	9 Months Ended
	Sep. 30, 2015
Inventory Disclosure [Abstract]
Schedule of Inventory	The composition of inventory is as follows: As of December 31, 2014 As of September 30, 2015 Raw materials $ 682 $ 606 Work-in-process 275 376 Finished goods 417 187 $ 1,374 $ 1,169

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Changes in Carrying Amounts of Goodwill by Segment	The changes in the carrying amounts of goodwill by segment from December 31, 2014 to September 30, 2015 were as follows: Energy & Security Sonar Solutions segment Smart Grid Distribution Automation segment Total Balance at December 31, 2014 $ 518 $ 513 $ 1,031 Impairment -- (513 ) (513 ) Translation adjustment (6 ) -- (6 ) Balance at September 30, 2015 $ 512 $ -- $ 512
Schedule of Changes in Carrying Amounts and Accumulated Amortization of Intangible Assets	The changes in the carrying amounts and accumulated amortization of intangible assets (all in the Company’s Smart Grid Distribution Automation segment) from December 31, 2014 to September 30, 2015 were as follows: Cost Accumulated amortization Total Balance as of December 31, 2014 $ 2,175 $ (964 ) $ 1,211 Amortization — (123 ) (123 ) Impairment (1,049 ) — (1,049 ) Cumulative translation adjustment (116 ) 77 (39 ) Balance as of September 30, 2015 $ 1,010 $ (1,010 ) $ --

Equity (Tables)

Equity (Tables)	9 Months Ended
	Sep. 30, 2015
Equity [Abstract]
Summary of Stock Option Activity	A summary of stock option activity for the nine months ended September 30, 2015 is as follows: Number of Options (in shares) Weighted Average Exercise Price Per Weighted Average Remaining Contractual Life Aggregate Intrinsic Value Outstanding at December 31, 2014 1,812,428 $ 4.51 Granted 687,654 $ 0.75 Exercised -- -- Forfeited or expired (95,164 ) $ 3.19 Outstanding at September 30, 2015 2,404,918 $ 3.48 5.3 years $ -- Exercisable at September 30, 2015 1,662,410 $ 4.33 4.1 years $ --
Schedule of Fair Value Assumptions Estimated Using Black-Scholes Pricing Model	The fair value of the options granted ($0.51 per option during the nine months ended September 30, 2015) was estimated on the grant dates using the Black-Scholes option-pricing model with the following weighted average assumptions: Risk-free interest rate 2.1 % Expected term of options 8.6 years Expected annual volatility 63 % Expected dividend yield — %

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Schedule of Fair Value Measurements	Financial items measured at fair value are classified in the table below in accordance with the hierarchy established in applicable accounting principles. As at September 30, 2015 Level 1 Level 2 Level 3 Total Restricted deposits – current $ 2,866 $ — $ — $ 2,866 Restricted deposits – non-current 3,690 — — 3,690 Derivative liabilities (48 ) — (488 ) (536 ) Total $ 6,508 $ — $ (488 ) $ 6,020 As at December 31, 2014 Level 1 Level 2 Level 3 Total Restricted deposits – current $ 467 $ — $ — $ 467 Restricted deposits – non-current 650 — — 650 Derivative assets (liabilities) 5 — (50 ) (45 ) Total $ 1,122 $ — $ (50 ) $ 1,072

Segment Reporting (Tables)

Segment Reporting (Tables)	9 Months Ended
	Sep. 30, 2015
Segment Reporting [Abstract]
Summary of Segmented Data	Energy & Security Sonar Solutions Smart Grid Distribution Automation M2M Other Total Nine months ended September 30, 2015 Revenues from external customers $ 9,025 $ 1,984 $ 1,774 $ 1,418 $ 14,201 Segment gross profit (loss) 3,048 (119 ) 1,035 651 4,615 Depreciation and amortization 137 152 53 31 373 Impairments -- 1,562 -- -- 1,562 Segment net income (loss) before income taxes 132 (3,630 ) (1,131 ) 62 (4,567 ) Nine months ended September 30, 2014 Revenues from external customers $ 8,112 $ 3,362 $ 1,587 $ 1,284 $ 14,345 Segment gross profit 2,189 942 854 654 4,639 Restructuring and related charges — 198 77 19 294 Depreciation and amortization 212 194 52 36 494 Segment net loss before income taxes (638 ) (2,443 ) (1,209 ) (61 ) (4,351 ) Three months ended September 30, 2015 Revenues from external customers $ 3,277 $ 374 $ 661 $ 464 $ 4,776 Segment gross profit (loss) 1,258 (392 ) 401 164 1,431 Depreciation and amortization 47 39 18 9 113 Impairments — 712 — — 712 Segment net income (loss) before income taxes 336 (1,737 ) (431 ) 49 (1,783 ) Three months ended September 30, 2014 Revenues from external customers $ 3,075 $ 1,153 $ 531 $ 409 $ 5,168 Segment gross profit 1,044 391 290 208 1,933 Restructuring and related charges — 96 — — 96 Depreciation and amortization 67 63 17 12 159 Segment net income (loss) before income taxes 140 (665 ) (358 ) (1 ) (884 )
Schedule of Reconciliation of Segment Data to Consolidated Statement of Operations	Reconciliation of Segment Income (Loss) to Consolidated Net Loss Before Income Taxes Nine months ended September 30, Three months ended September 30, 2014 2015 2014 2015 Total net loss before income taxes for reportable segments $ (4,290 ) $ (4,629 ) $ (883 ) $ (1,832 ) Other operational segment net income (loss) before income taxes (61 ) 62 (1 ) 49 Total segment net loss before income taxes (4,351 ) (4,567 ) (884 ) (1,783 ) Unallocated cost of corporate headquarters* (2,678 ) (2,881 ) (693 ) (991 ) Provision for loss – channel partner (649 ) -- -- -- Unallocated benefit (cost) of DSIT headquarters 40 (75 ) 128 (9 ) Consolidated loss before income taxes $ (7,638 ) $ (7,523 ) $ (1,449 ) $ (2,783 ) * Includes stock compensation expense of $629 and $522 for the nine month periods ended September 30, 2014 and 2015 and $79 and $146 for the three month periods ended September 30, 2014 and 2015, respectively. The three and nine months ended September 30, 2015 also includes $232 of interest associated with the Leap Tide transaction (see Note 3).

Liquidity and Financing (Detail

Liquidity and Financing (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands	Aug. 13, 2015	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Amount of proceeds deposited in escrow account		$ 100
Initial shares value		(162)
Amortization of put on initial shares		66
DSIT Solutions, Ltd. [Member]
Cash lent from related party		465
DSIT Solutions, Ltd. [Member] | Maximum [Member]
Expected support from DSIT		$ 5,000
Leap Tide Capital Partners LLC [Member]
Share of interests in omnimetrix sold		$ 0.10
Amount borrowed as per the agreement	$ 2,000
Debt instrument maturity date	Aug. 13, 2016
Debt instrument interest rate per annum	10.00%
Initial shares in LT Loan	850,000
Monthly amount of vested rights for each month LT Loan principal is outstanding	179,167
Repurchase price initial shares and vested shares rights per share or right - call option	$ 0.30
Repurchase price initial shares and vested shares rights per share or right - put option	$ 0.40
Leap Tide Capital Partners LLC [Member] | Loan and Security Agreement [Member]
Number of vesting rights earned		278,454
Initial shares value		$ 162
Loan amortized over period		1 year
Amortized debt discount		$ 21
Amortized remaining debt discount		141
Liability for put on Initial Shares in Leap Tide transaction		340
Discount for put on Initial Shares in Leap Tide transaction		340
Non-cash interest expense		28
Amortization of put on initial shares		45
Unamortized discount on Initial Shares		295
Leap Tide Capital Partners LLC [Member] | Loan and Security Agreement [Member] | Vested Share Rights [Member]
Non-cash interest expense		$ 111
Leap Tide Capital Partners LLC [Member] | Loan and Security Agreement [Member] | DSIT Solutions, Ltd. [Member]
Secured loan principal amount	$ 5,000
Leap Tide Capital Partners LLC [Member] | Escrow [Member]
Amount of proceeds deposited in escrow account	100
Minimum balance to be maintained in escrow account	$ 50
Period prior to maturity for which minimum escrow must be held	3 months

Repayment of Gridsense Loan (De

Repayment of Gridsense Loan (Details Narrative) - USD ($) $ in Thousands	Sep. 01, 2015	Aug. 13, 2015	Apr. 30, 2015	Jul. 31, 2015	May. 14, 2015	May. 04, 2015	Apr. 13, 2015
Loan Agreement [Member]
Deposit into restricted account		$ 500
Paid to bank		$ 480
GridSense [Member] | Loan Agreement [Member]
Value owed by GridSense							$ 1,480
Repayment of debt			$ 500
Deposit into restricted account					$ 250	$ 250
Additional deposit into restricted account				$ 250
Repayment of advances in equal monthly installments	$ 250
GridSense [Member] | Financing Agreement [Member]
Value owed by GridSense							$ 158

Discontinued Operations (Detail

Discontinued Operations (Details Narrative) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 25, 2015
Deconsolidation gain or loss amount	$ (401)
USSI's [Member]
Debt due to bank			$ 725
Debt interest rate	11.50%
Deconsolidation gain or loss amount	$ 401

Discontinued Operations - Sched

Discontinued Operations - Schedule of Assets and Liabilities Related to Discontinued Operations (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Sep. 29, 2015	Dec. 31, 2014
Cash and cash equivalents	$ 532		$ 4,821
Other current assets	1,908		1,813
Total assets	27,658		29,543
Accounts payable	3,602		2,187
Other current liabilities	$ 3,456		3,028
USSI's [Member] | Discontinued Operations [Member]
Cash and cash equivalents			52
Other current assets			91
Total assets			143
Short-term bank credit		$ 999	1,460
Accounts payable		1,029	1,006
Accrued payroll, payroll taxes and social benefits		90	346
Other current liabilities		1,721	1,881
Total liabilities		$ 3,839	$ 4,693

Discontinued Operations - Sch30

Discontinued Operations - Schedule of Financial Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Revenues	$ 4,776	$ 5,168	$ 14,201	$ 14,345
Gross profit (loss)	1,431	1,933	4,615	4,639
Net income (loss)	(2,633)	(4,148)	(8,743)	$ (14,644)
Loss on deconsolidation			(401)
USSI's [Member]
Loss on deconsolidation			401
USSI's [Member] | Discontinued Operations [Member]
Revenues	84	471	163	$ 471
Gross profit (loss)	18	(428)	(68)	(858)
Net income (loss)	609	$ (2,687)	(772)	$ (6,881)
Loss on deconsolidation	(401)		(401)
Income (loss) from discontinued operations, net of income taxes	$ 208	$ (2,687)	$ (1,173)	$ 6,881

Restructuring and Related Cha31

Restructuring and Related Charges (Details Narrative) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
GridSense [Member]
Restructuring Cost and Reserve [Line Items]
Severance costs		$ 38
OmniMetrix [Member]
Restructuring Cost and Reserve [Line Items]
Payment of lease cost	$ 33
Restructuring charges payable	$ 215	$ 248
Expected to be paid restructuring cost date	Dec. 31, 2019
Restructuring charges included in other current liabilities	$ 45
Restructuring charges included in other liabilities	$ 170

Inventory, Net (Details Narrati

Inventory, Net (Details Narrative) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Inventory Disclosure [Abstract]
Inventory valuation reserves	$ 264	$ 319

Inventory, Net - Schedule of In

Inventory, Net - Schedule of Inventory (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Inventory Disclosure [Abstract]
Raw materials	$ 606	$ 682
Work-in-process	376	275
Finished goods	187	417
Inventory, net	$ 1,169	$ 1,374

Goodwill and Intangible Asset34

Goodwill and Intangible Assets (Details Narrative) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2015	Jun. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Impairment	$ 712			$ 1,562
Smart Grid Distribution Automation [Member]
Impairment	$ 712	$ 337

Goodwill and Intangible Asset35

Goodwill and Intangible Assets - Schedule of Changes in Carrying Amounts of Goodwill by Segment (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2015USD ($)
Goodwill, Beginning balance	$ 1,031
Impairment	(513)
Translation adjustment	(6)
Goodwill, Ending balance	512
Energy & Security Sonar Solutions [Member]
Goodwill, Beginning balance	$ 518
Impairment
Translation adjustment	$ (6)
Goodwill, Ending balance	512
Smart Grid Distribution Automation [Member]
Goodwill, Beginning balance	513
Impairment	$ (513)
Translation adjustment
Goodwill, Ending balance

Goodwill and Intagible Assets -

Goodwill and Intagible Assets - Schedule of Changes in Carrying Amounts and Accumulated Amortization of Intangible Assets (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2015USD ($)
Intangible assets, Beginning balance	$ 1,211
Amortization	(123)
Impairment	(1,049)
Cumulative translation adjustment	$ (39)
Intangible assets, Ending balance
Smart Grid Distribution Automation [Member] | Cost [Member]
Intangible assets, Beginning balance	$ 2,175
Amortization
Impairment	$ (1,049)
Cumulative translation adjustment	(116)
Smart Grid Distribution Automation [Member] | Accumulated Amortization [Member]
Intangible assets, Beginning balance	(964)
Amortization	$ (123)
Impairment
Cumulative translation adjustment	$ 77
Intangible assets, Ending balance	$ (1,010)

Equity (Details Narrative)

Equity (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Fair value of option granted per share price			$ 0.51
Stock based compensation expense	$ 146	$ 107	$ 523	$ 664
Discontinued Operation [Member]
Stock based compensation expense	$ 0	$ 9	$ 6	$ 72

Equity - Summary of Stock Optio

Equity - Summary of Stock Option Activity (Details)	9 Months Ended
	Sep. 30, 2015USD ($)$ / sharesshares
Equity [Abstract]
Number of Options, Outstanding at beginning balance	1,812,428
Number of Options, Granted	687,654
Number of Options, Exercised
Number of Options, Forfeited or expired	(95,164)
Number of Options, Outstanding at end balance	2,404,918
Number of Options, Exercisable at end of period	1,662,410
Weighted Average Exercise Price, Outstanding at beginning balance | $ / shares	$ 4.51
Weighted Average Exercise Price, Granted | $ / shares	$ 0.75
Weighted Average Exercise Price, Exercised | $ / shares
Weighted Average Exercise Price, Forfeited or expired | $ / shares	$ 3.19
Weighted Average Exercise Price, Outstanding at end balance | $ / shares	3.48
Weighted Average Exercise Price, Exercisable at end of Period | $ / shares	$ 4.33
Weighted Average Remaining Contractual Terms, Outstanding	5 years 3 months 18 days
Weighted Average Remaining Contractual Terms, Exercisable	4 years 1 month 6 days
Aggregate Intrinsic Value, Outstanding | $
Aggregate Intrinsic Value, Exercisable | $

Equity - Schedule of Fair Value

Equity - Schedule of Fair Value Assumptions Estimated Using Black-Scholes Pricing Model (Details)	9 Months Ended
	Sep. 30, 2015
Equity [Abstract]
Risk-free interest rate	2.10%
Expected term of options, in years	8 years 7 months 6 days
Expected annual volatility	63.00%
Expected dividend yield

Fair Value Measurements (Detail

Fair Value Measurements (Details Narrative) $ in Thousands	9 Months Ended
	Sep. 30, 2015USD ($)
Derivative liabilities	$ 9
Liability for rights in Leap Tide transaction	479
2018 [Member]
Security deposits	$ 3,690

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Fair Value Measurements (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Restricted deposits - current	$ 2,866	$ 467
Restricted deposits - non-current	3,690	650
Derivative assets (liabilities)	(536)	(45)
Total	6,020	1,072
Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Restricted deposits - current	2,866	467
Restricted deposits - non-current	3,690	650
Derivative assets (liabilities)	(48)	5
Total	$ 6,508	$ 1,122
Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Restricted deposits - current
Restricted deposits - non-current
Derivative assets (liabilities)
Total
Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Restricted deposits - current
Restricted deposits - non-current
Derivative assets (liabilities)	$ (488)	$ (50)
Total	$ (488)	$ (50)

Segment Reporting - Summary of

Segment Reporting - Summary of Segmented Data (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Segment Reporting Information [Line Items]
Revenue from external customers	$ 4,776	$ 5,168	$ 14,201	$ 14,345
Segment gross profit (loss)	1,431	1,933	4,615	4,639
Depreciation and amortization	$ 113	159	$ 373	494
Restructuring and related charges		$ 96		$ 294
Impairments	$ 712		$ 1,562
Segment net income (loss) before income taxes	(1,783)	$ (884)	(4,567)	$ (4,351)
Energy & Security Sonar Solutions [Member]
Segment Reporting Information [Line Items]
Revenue from external customers	3,277	3,075	9,025	8,112
Segment gross profit (loss)	1,258	1,044	3,048	2,189
Depreciation and amortization	$ 47	$ 67	$ 137	$ 212
Restructuring and related charges
Impairments
Segment net income (loss) before income taxes	$ 336	$ 140	$ 132	$ (638)
Smart Grid Distribution Automation [Member]
Segment Reporting Information [Line Items]
Revenue from external customers	374	1,153	1,984	3,362
Segment gross profit (loss)	(392)	391	(119)	942
Depreciation and amortization	39	63	152	194
Restructuring and related charges		96		198
Impairments	712		1,562
Segment net income (loss) before income taxes	(1,737)	(665)	(3,630)	(2,443)
M2M [Member]
Segment Reporting Information [Line Items]
Revenue from external customers	661	531	1,774	1,587
Segment gross profit (loss)	401	290	1,035	854
Depreciation and amortization	$ 18	$ 17	$ 53	52
Restructuring and related charges				77
Impairments
Segment net income (loss) before income taxes	$ (431)	$ (358)	$ (1,131)	(1,209)
Other [Member]
Segment Reporting Information [Line Items]
Revenue from external customers	464	409	1,418	1,284
Segment gross profit (loss)	164	208	651	654
Depreciation and amortization	$ 9	$ 12	$ 31	36
Restructuring and related charges				19
Impairments
Segment net income (loss) before income taxes	$ 49	$ (1)	$ 62	$ (61)

Segment Reporting - Schedule of

Segment Reporting - Schedule of Reconciliation of Segment Data to Consolidated Statement of Operations (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Segment Reporting [Abstract]
Total net loss before income taxes for reportable segments		$ (1,832)	$ (883)	$ (4,629)	$ (4,290)
Other operational segment net income (loss) before income taxes		49	(1)	62	(61)
Total segment net loss before income taxes		(1,783)	(884)	(4,567)	(4,351)
Unallocated cost of corporate headquarters	[1]	$ (991)	$ (693)	$ (2,881)	(2,678)
Provision for loss - channel partner					649
Unallocated benefit (cost) of DSIT headquarters		$ (9)	$ 128	$ (75)	40
Consolidated loss before income taxes		$ (2,783)	$ (1,449)	$ (7,523)	$ (7,638)
[1]	Includes stock compensation expense of $629 and $522 for the nine month periods ended September 30, 2014 and 2015 and $79 and $146 for the three month periods ended September 30, 2014 and 2015, respectively. The three and nine months ended September 30, 2015 also includes $232 of interest associated with the Leap Tide transaction (see Note 3).

Segment Reporting - Schedule 44

Segment Reporting - Schedule of Reconciliation of Segment Data to Consolidated Statement of Operations (Details) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Stock compensation expense	$ 146	$ 79	$ 522	$ 629
Leap Tide Capital Partners LLC [Member]
Interest expense	$ 232		$ 232

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) - Subsequent Event [Member] - Director [Member] - Omni Metrix Holdings Inc [Member] $ in Thousands	Oct. 16, 2015USD ($)shares
Percentage of acquired interest during period	10.00%
Acquired interest amount	$ 500
Equity ownership interest rate	100.00%
Series A Preferred Stock [Member]
Number of shares acquire during period | shares	100
Preferred stock dividend rate percentage	10.00%
Pre-money equity valuation	$ 5,500