Acorn Energy (ACFN) 10-Q 10 Nov 21 2021 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2021	Nov. 08, 2021
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2021
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2021
Current Fiscal Year End Date	--12-31
Entity File Number	001-33886
Entity Registrant Name	ACORN ENERGY, INC.
Entity Central Index Key	0000880984
Entity Tax Identification Number	22-2786081
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	1000 N West Street
Entity Address, Address Line Two	Suite 1200
Entity Address, City or Town	Wilmington
Entity Address, State or Province	DE
Entity Address, Postal Zip Code	19801
City Area Code	410
Local Phone Number	654-3315
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		39,687,589

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Current assets:
Cash	$ 2,016,000	$ 2,063,000
Accounts receivable, net	792,000	608,000
Inventory, net	477,000	236,000
Deferred charges	756,000	764,000
Other current assets	174,000	126,000
Total current assets	4,215,000	3,797,000
Property and equipment, net	433,000	268,000
Right-of-use assets, net	423,000	494,000
Deferred cost of goods sold	637,000	542,000
Other assets	150,000	100,000
Total assets	5,858,000	5,201,000
Current liabilities:
Short-term credit		149,000
Accounts payable	383,000	229,000
Accrued expenses	226,000	168,000
Deferred revenue	3,458,000	3,214,000
Current operating lease liabilities	105,000	99,000
Other current liabilities	30,000	33,000
Total current liabilities	4,202,000	3,892,000
Long-term liabilities:
Deferred revenue	1,653,000	1,340,000
Long-term operating lease liabilities	366,000	443,000
Other long-term liabilities	50,000	45,000
Total long-term liabilities	2,069,000	1,828,000
Acorn Energy, Inc. shareholders
Common stock - $0.01 par value per share: Authorized – 42,000,000 shares; Issued – 39,687,589 shares at September 30, 2021 and December 31, 2020	397,000	397,000
Additional paid-in capital	102,784,000	102,726,000
Warrants	3,000	3,000
Accumulated deficit	(100,568,000)	(100,613,000)
Treasury stock, at cost – 801,920 shares at September 30, 2021 and December 31, 2020	(3,036,000)	(3,036,000)
Total Acorn Energy, Inc. shareholders’ deficit	(420,000)	(523,000)
Non-controlling interests	7,000	4,000
Total deficit	(413,000)	(519,000)
Total liabilities and deficit	$ 5,858,000	$ 5,201,000

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Sep. 30, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	42,000,000	42,000,000
Common stock, shares issued	39,687,589	39,687,589
Treasury stock, shares	801,920	801,920

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Income Statement [Abstract]
Revenue	$ 1,706	$ 1,517	$ 5,022	$ 4,323
Cost of sales	464	440	1,348	1,302
Gross profit	1,242	1,077	3,674	3,021
Operating expenses:
Research and development expense	179	160	532	453
Selling, general and administrative expense	1,038	940	3,086	2,887
Total operating expenses	1,217	1,100	3,618	3,340
Operating income (loss)	25	(23)	56	(319)
Finance expense, net		(8)	(5)	(28)
Income (loss) before income taxes	25	(31)	51	(347)
Income tax expense
Net income (loss)	25	(31)	51	(347)
Non-controlling interest share of net income	(2)	(1)	(6)	(1)
Net income (loss) attributable to Acorn Energy, Inc. shareholders	$ 23	$ (32)	$ 45	$ (348)
Basic and diluted net income (loss) per share attributable to Acorn Energy, Inc. shareholders:	$ 0	$ 0	$ 0	$ (0.01)
Weighted average number of shares outstanding attributable to Acorn Energy, Inc. shareholders – basic and diluted
Basic	39,687	39,687	39,687	39,669
Diluted	39,959	39,687	39,922	39,669

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Warrant [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Total Acorn Energy, Inc. Shareholders' Deficit [Member]	Noncontrolling Interest [Member]	Total
Beginning balance, value at Dec. 31, 2019	$ 396	$ 101,655	$ 1,021	$ (100,682)	$ (3,036)	$ (646)	$ 1	$ (645)
Beginning balance, shares at Dec. 31, 2019	39,591				802
Net loss				(283)		(283)	(1)	(284)
Accrued dividend in OmniMetrix preferred shares							(1)	(1)
Proceeds from stock option exercise	$ 1	18				19		19
Proceeds from stock option exercise, shares	96
Stock option compensation		6				6		6
Ending balance, value at Mar. 31, 2020	$ 397	101,679	1,021	(100,965)	$ (3,036)	(904)	(1)	(905)
Ending balance, shares at Mar. 31, 2020	39,687				802
Beginning balance, value at Dec. 31, 2019	$ 396	101,655	1,021	(100,682)	$ (3,036)	(646)	1	(645)
Beginning balance, shares at Dec. 31, 2019	39,591				802
Net loss								(347)
Ending balance, value at Sep. 30, 2020	$ 397	102,718	3	(101,030)	$ (3,036)	(948)	(1)	(949)
Ending balance, shares at Sep. 30, 2020	39,687				802
Beginning balance, value at Mar. 31, 2020	$ 397	101,679	1,021	(100,965)	$ (3,036)	(904)	(1)	(905)
Beginning balance, shares at Mar. 31, 2020	39,687				802
Net loss				(33)		(33)	1	(32)
Accrued dividend in OmniMetrix preferred shares							(1)	(1)
Value of expired warrants		1,018	(1,018)
Stock option compensation		13				13		13
Ending balance, value at Jun. 30, 2020	$ 397	102,710	3	(100,998)	$ (3,036)	(924)	(1)	(925)
Ending balance, shares at Jun. 30, 2020	39,687				802
Net loss				(32)		(32)	1	(31)
Accrued dividend in OmniMetrix preferred shares							(1)	(1)
Stock option compensation		8				8		8
Ending balance, value at Sep. 30, 2020	$ 397	102,718	3	(101,030)	$ (3,036)	(948)	(1)	(949)
Ending balance, shares at Sep. 30, 2020	39,687				802
Beginning balance, value at Dec. 31, 2020	$ 397	102,726	3	(100,613)	$ (3,036)	(523)	4	(519)
Beginning balance, shares at Dec. 31, 2020	39,687				802
Net loss				20		20	2	22
Accrued dividend in OmniMetrix preferred shares							(1)	(1)
Proceeds from stock option exercise, shares	96
Stock option compensation		15				15		15
Ending balance, value at Mar. 31, 2021	$ 397	102,741	3	(100,593)	$ (3,036)	(488)	5	(483)
Ending balance, shares at Mar. 31, 2021	39,687				802
Beginning balance, value at Dec. 31, 2020	$ 397	102,726	3	(100,613)	$ (3,036)	(523)	4	(519)
Beginning balance, shares at Dec. 31, 2020	39,687				802
Net loss								$ 51
Proceeds from stock option exercise, shares
Ending balance, value at Sep. 30, 2021	$ 397	102,784	3	(100,568)	$ (3,036)	(420)	7	$ (413)
Ending balance, shares at Sep. 30, 2021	39,687				802
Beginning balance, value at Mar. 31, 2021	$ 397	102,741	3	(100,593)	$ (3,036)	(488)	5	(483)
Beginning balance, shares at Mar. 31, 2021	39,687				802
Net loss				2		2	2	4
Accrued dividend in OmniMetrix preferred shares							(1)	(1)
Stock option compensation		21				21		21
Ending balance, value at Jun. 30, 2021	$ 397	102,762	3	(100,591)	$ (3,036)	(465)	6	(459)
Ending balance, shares at Jun. 30, 2021	39,687				802
Net loss				23		23	2	25
Accrued dividend in OmniMetrix preferred shares							(1)	(1)
Stock option compensation		22				22		22
Ending balance, value at Sep. 30, 2021	$ 397	$ 102,784	$ 3	$ (100,568)	$ (3,036)	$ (420)	$ 7	$ (413)
Ending balance, shares at Sep. 30, 2021	39,687				802

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Cash flows provided by operating activities:
Net income (loss)	$ 51	$ (347)
Depreciation and amortization	56	22
Non-cash lease expense	71	88
Stock-based compensation	58	27
Change in operating assets and liabilities:
(Increase) decrease in accounts receivable	(184)	230
Increase in inventory	(241)	(8)
(Increase) decrease in deferred charges	(137)	48
(Increase) decrease in other current assets and other assets	(48)	66
Increase (decrease) in accounts payable and accrued expenses	212	(3)
Increase in deferred revenue	557	151
Decrease in operating lease liability	(71)	(48)
(Decrease) increase in other current liabilities and non-current liabilities	(1)	74
Net cash provided by operating activities	323	300
Cash flows used in investing activities:
Investments in technology	(214)	(90)
Other capital investments	(7)	(7)
Net cash used in investing activities	(221)	(97)
Cash flows (used in) provided by financing activities:
Short-term credit, net	(149)	35
Loan proceeds		462
Stock option exercise proceeds		19
Net cash (used in) provided by financing activities	(149)	516
Net (decrease) increase in cash	(47)	719
Cash at the beginning of the year	2,063	1,247
Cash at the end of the period	2,016	1,966
Cash paid during the year for:
Interest	5	23
Non-cash investing and financing activities:
Accrued preferred dividends to former Acorn director and/or former OmniMetrix CEO	$ 3	$ 3

BASIS OF PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
	Sep. 30, 2021
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, OmniMetrix, LLC and OMX Holdings, Inc. (collectively, “Acorn” or “the Company”) have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and with the instructions to Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for complete consolidated financial statements. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included. Operating results for the nine- and three-month periods ended September 30, 2021 are not necessarily indicative of the results that may be expected for the year ending December 31, 2021. 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, 2020, filed with the Securities and Exchange Commission on March 16, 2021.

ACCOUNTING POLICIES

ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2021
Accounting Policies [Abstract]
ACCOUNTING POLICIES	NOTE 2— ACCOUNTING POLICIES Concentrations of Credit Risk 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 approximately $ 2,016,000 at September 30, 2021. The Company does not believe there is significant risk of non-performance by these counterparties. For the three and nine-month periods ended September 30, 2021, there were no customers that represented greater than 10 % of the Company’s total invoiced sales. Approximately 12 % of the accounts receivable at September 30, 2021 was due from one customer who pays its receivables over usual credit periods. As of November 8, 2021 the Company had collected 100 % of the outstanding amount of approximately $ 98,000 due from this customer as of September 30, 2021. Credit risk with respect to the balance of trade receivables is generally diversified due to the number of entities comprising the Company’s customer base. Basic and Diluted Net Income (Loss) Per Share Basic net income (loss) per share is computed by dividing the net income (loss) attributable to Acorn Energy, Inc. by the weighted average number of shares outstanding during the year, excluding treasury stock. Diluted net income (loss) per share is computed by dividing the net income (loss) by the weighted average number of shares outstanding plus the dilutive potential of common shares which would result from the exercise of stock options and warrants. The dilutive effects of stock options and warrants are excluded from the computation of diluted net income (loss) per share if doing so would be antidilutive. The number of options that were excluded from the computation of diluted net income (loss) per share, as they had an antidilutive effect, was approximately 291,000 (which have a weighted average exercise price of $ 0.56 ) and approximately 181,000 (which have a weighted average exercise price of $ 0.66 ) for the nine- and three-month periods ending September 30, 2021, respectively. There were no anti-dilutive warrants. For both the nine- and three-month periods ending September 30, 2020, the number of options and warrants that were excluded from the computation of diluted net income (loss) per share, as they had an antidilutive effect, was approximately 937,000 options (which had a weighted average exercise price of $ 1.19 ) and approximately 35,000 warrants (which had a weighted average exercise price of $ 0.13 ). The following data represents the amounts used in computing EPS and the effect on net income (loss) and the weighted average number of shares of dilutive potential common stock (in thousands): SCHEDULE OF EFFECT ON NET INCOME LOSS AND WEIGHTED AVERAGE NUMBER OF SHARES 2021 2020 2021 2020 Nine months ended September 30, Three months ended September 30, 2021 2020 2021 2020 Net income (loss) available to common stockholders $ 45 $ (348 ) $ 23 $ (32 ) Weighted average share outstanding: Basic 39,687 39,669 39,687 39,687 Add: Warrants 28 — 28 — Add: Stock options 207 — 244 — Diluted 39,922 39,669 39,959 39,687 Basic and diluted net income (loss) per share $ 0.00 $ (0.01 ) $ 0.00 $ 0.00 Recently Issued Accounting Principles Other than the pronouncement noted below, there have been no recent accounting pronouncements or changes in accounting pronouncements during the nine- and three-month periods ended September 30, 2021, that are of material significance, or have potential material significance, to the Company. In June 2016, the FASB issued ASU 2016-13, Financial Instruments-Credit Losses (“ASC 326”), authoritative guidance amending how entities will measure credit losses for most financial assets and certain other instruments that are not measured at fair value through net income. The guidance requires the application of a current expected credit loss model, which is a new impairment model based on expected losses. The new guidance is effective for interim and annual reporting periods beginning after December 15, 2022. The Company is currently evaluating the impact of the new guidance on its condensed consolidated financial statements and related disclosures.

LIQUIDITY

LIQUIDITY	9 Months Ended
	Sep. 30, 2021
Liquidity
LIQUIDITY	NOTE 3— LIQUIDITY At September 30, 2021, the Company had working capital of approximately $ 13,000 2,016,000 3,458,000 1,015,000 692,000 OmniMetrix is considered an essential business because it provides infrastructure support to both government and commercial sectors and across key industries. The Company has experienced minimal negative impacts due to the COVID-19 pandemic to date. Throughout the pandemic, the Company continued to realize new equipment sales (although not at the anticipated growth rate due to travel and meeting restrictions which have negatively impacted the sales closing timeline), has continued to collect its monthly recurring monitoring revenues and has retained its customer base. While the impacts of COVID-19 in the future are uncertain, the Company believes that due to the need for backup power and the desirability of remote monitoring services, it should continue to be positioned for stable financial performance. Business travel has now started to resume and sales are returning to projected levels. As of November 8, 2021, the Company had cash of approximately $ 1,928,000

LEASES

LEASES	9 Months Ended
	Sep. 30, 2021
Leases
LEASES	NOTE 4— LEASES OmniMetrix leases office space and office equipment under operating lease agreements. The office lease expires on September 30, 2025 The office equipment lease commenced in April 2019 and has a sixty-month term. 90,000 48,000 30,000 10,000 4.5 471,000 Supplemental cash flow information related to leases consisted of the following (in thousands): SCHEDULE OF SUPPLEMENTAL CASH FLOW INFORMATION RELATED TO LEASES September 30, 2021 2020 Cash paid for operating lease liabilities $ 90 $ 48 Supplemental balance sheet information related to leases consisted of the following: SCHEDULE OF SUPPLEMENTAL BALANCE SHEET INFORMATION RELATED TO LEASES 2021 Weighted average remaining lease terms for operating leases 3.98 The table below reconciles the undiscounted future minimum lease payments under non-cancelable lease agreements having initial terms in excess of one year to the total operating lease liabilities recognized on the unaudited condensed consolidated balance sheet as of September 30, 2021 (in thousands): SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS Twelve-month period ended September 30, 2022 $ 124 2023 127 2024 129 2025 132 Total undiscounted cash flows 512 Less: Imputed interest (41 ) Present value of operating lease liabilities (a) $ 471 (a) Includes current portion of $ 105,000 On July 6, 2021, the Company entered into an agreement with King Industrial Realty, Inc., to sublease from the Company 1,900 square feet of office space of the Company’s 21,000 square feet of office and production space in the Hamilton Mill Business Park located in Buford, Georgia for a monthly sublease payment of $ 2,375 which includes the base rent plus a pro-rata share of utilities, property taxes and insurance. Fifty percent of any excess rent received above the per square foot amount that the Company pays will be remitted to the Company’s landlord less the allocation of any shared expenses and leasehold improvements specific to the sublease. The Company invested approximately $ 7,000 on leasehold improvements related to the sublease. Due to the offset of the capital expenditures, the Company does not expect to have any net rent due to its landlord for the first twelve months of the sublease. The estimated amount the Company expects to remit to the landlord subsequent to the first twelve months is approximately $ 6,700 per year. The sublease commenced on October 1, 2021 and will run through September 30, 2025 which is the end of the Company’s lease term with its landlord.

DEBT

DEBT	9 Months Ended
	Sep. 30, 2021
Debt Disclosure [Abstract]
DEBT	NOTE 5— DEBT In March 2019, OmniMetrix reinstated its loan and security agreement which provided OmniMetrix with access to accounts receivable formula-based financing of the lesser of 75 1,000,000 Debt incurred under this financing arrangement bore interest at the greater of 6% and prime plus 1.5% per year. 0.75 15 150,000 150,000 150,000 4,000 22,000 6,000 OmniMetrix paid off the outstanding balance of approximately $ 149,000 February 28, 2021

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 6— COMMITMENTS AND CONTINGENCIES On August 19, 2019, OmniMetrix entered into an agreement with a software development partner to create and license to OmniMetrix a new software platform and application. Pursuant to this agreement, OmniMetrix paid this partner equal monthly payments over the first seven months of the term of the agreement equal to $ 200,000 OmniMetrix will also pay the partner (i) a per-sensor monitoring fee for each sensor connected to the developed technology, or (ii) a percentage of any revenue received above a specified amount per sensor monitored per month in oil and gas applications only. Commencing on January 1, 2021, OmniMetrix pays the partner an annual licensing fee of $ 50,000 12,500 The Company entered into a new agreement effective May 1, 2020 for data hosting services, replacing an expiring agreement with the same vendor. The agreement has a twelve-month term and the total payments under this agreement are approximately $ 148,000 in the aggregate. In January 2021, the Company elected to renew this agreement for an additional twelve months under the same terms, extending the agreement to April 30, 2022. Under the data hosting services agreement applicable during the respective periods, the Company paid approximately $ 117,000 and $ 100,000 in the nine months ended September 30, 2021 and 2020, respectively, and approximately $ 38,000 and $ 34,000 in the three months ended September 30, 2021 and 2020, respectively. On March 17, 2021, the Company entered into a master services agreement for the development of a new user interface for its customer data portal. The cost of this project will be approximately $ 106,000 14,000 23,000 114,000 In addition to the above, the Company has approximately $ 512,000 in operating lease obligations payable through 2026 and approximately $ 12,000 1.3

EQUITY

EQUITY	9 Months Ended
	Sep. 30, 2021
Equity [Abstract]
EQUITY	NOTE 7— EQUITY (a) General At September 30, 2021 the Company had issued and outstanding 39,687,589 0.01 The Company is not authorized to issue preferred stock. Accordingly, no preferred stock is issued or outstanding. (b) Summary Employee Option Information The Company’s stock option plans provide for the grant to officers, directors and employees of options to purchase shares of common stock. The purchase price may be paid in cash or, if the option is “in-the-money” at the end of the option term, it is automatically exercised “net”. In a net exercise of an option, the Company does not require a payment of the exercise price of the option from the optionee but reduces the number of shares of common stock issued upon the exercise of the option by the smallest number of whole shares that has an aggregate fair market value equal to or in excess of the aggregate exercise price for the option shares covered by the option exercised. Each option is exercisable for one share of the Company’s common stock. Most options expire within five to ten years from the date of the grant, and generally vest over a three-year period from the date of the grant. At September 30, 2021, 1,563,121 During the three months ended September 30, 2021, 67,770 30,000 35,000 100,000 67,770 no 89,000 No 212,000 170,000 The Company utilized the Black-Scholes option-pricing model to estimate fair value, utilizing the following assumptions for the respective years (all in weighted averages): SUMMARY OF BLACK-SCHOLES OPTION PRICING TO ESTIMATE FAIR VALUE Number of Options (in shares) Weighted Average Exercise Price Per Share Weighted Average Remaining Contractual Life Aggregate Intrinsic Value Outstanding at December 31, 2020 722,501 $ 0.62 4.4 $ 29,000 Granted 232,770 0.54 Exercised — — Forfeited or expired (104,752 ) 2.15 Outstanding at September 30, 2021 850,519 $ 0.41 4.9 $ 212,000 Exercisable at September 30, 2021 558,491 $ 0.36 4.2 $ 170,000 The fair value of the options granted of approximately $ 89,000 SCHEDULE OF STOCK OPTIONS FAIR VALUE ASSUMPTIONS ESTIMATED USING BLACK-SCHOLES PRICING MODEL Risk-free interest rate .53 % Expected term of options 4.0 Expected annual volatility 99.7 % Expected dividend yield — % (c) Stock-based Compensation Expense Stock-based compensation expense included in selling, general and administrative expenses in the Company’s unaudited condensed consolidated statements of operations was approximately $ 58,000 27,000 22,000 8,000 The total compensation cost related to non-vested awards not yet recognized was approximately $ 76,000 (d) Warrants The Company previously issued warrants at exercise prices equal to or greater than market value of the Company’s common stock at the date of issuance. A summary of warrant activity follows: SUMMARY OF WARRANT ACTIVITY Number of Warrants (in shares) Weighted Average Exercise Price Per Share Weighted Average Remaining Contractual Life Outstanding at December 31, 2020 35,000 $ 0.13 2.2 Granted — — Exercised — — Forfeited or expired — — Outstanding at September 30, 2021 35,000 $ 0.13 1.4

SEGMENT REPORTING

SEGMENT REPORTING	9 Months Ended
	Sep. 30, 2021
Segment Reporting [Abstract]
SEGMENT REPORTING	NOTE 8— SEGMENT REPORTING As of September 30, 2021, the Company operates in two ● The PG (Power Generation) segment provides wireless remote monitoring and control systems and services for critical assets as well as Internet of Things applications. The PG segment includes OmniMetrix’s monitoring device for industrial air compressors and dryers, and a line of annunciators. ● The CP (Cathodic Protection) segment provides remote monitoring of cathodic protection systems on gas pipelines for gas utilities and pipeline companies. The Company’s reportable segments are strategic business units, offering different products and services, and are managed separately as each business requires different technology and marketing strategies. The following tables represent segmented data for the three-month and nine-month periods ended September 30, 2021 and 2020 (in thousands): SUMMARY OF SEGMENTED DATA PG CP Total Nine months ended September 30, 2021: Revenues from external customers $ 4,283 $ 739 $ 5,022 Segment gross profit 3,241 433 3,674 Depreciation and amortization 48 8 56 Segment income (loss) before income taxes $ 774 $ (15 ) $ 759 Nine months ended September 30, 2020: Revenues from external customers $ 3,633 $ 690 $ 4,323 Segment gross profit 2,656 365 3,021 Depreciation and amortization 17 4 21 Segment income (loss) before income taxes $ 414 $ (79 ) $ 335 Three months ended September 30, 2021: Revenues from external customers $ 1,446 $ 260 $ 1,706 Segment gross profit 1,091 151 1,242 Depreciation and amortization 16 3 19 Segment income (loss) before income taxes $ 264 $ 2 $ 266 Three months ended September 30, 2020: Revenues from external customers $ 1,262 $ 255 $ 1,517 Segment gross profit 936 141 1,077 Depreciation and amortization — — — Segment income (loss) before income taxes $ 210 $ (7 ) $ 203 The Company does not currently break out total assets by reportable segment as there is a high level of shared utilization between the segments. Further, the Chief Decision Maker does not review the assets by segment. Reconciliation of Segment Income (Loss) to Consolidated Net Income (Loss) Before Income Taxes SCHEDULE OF RECONCILIATION OF SEGMENT DATA TO CONSOLIDATED NET INCOME LOSS BEFORE INCOME TAXES 2021 2020 2021 2020 Nine months ended September 30, Three months ended September 30, 2021 2020 2021 2020 Total net income before income taxes for reportable segments $ 759 $ 335 $ 266 $ 203 Unallocated cost of corporate headquarters (708 ) (682 ) (241 ) (234 ) Consolidated net income (loss) before income taxes $ 51 $ (347 ) $ 25 $ (31 )

REVENUE

REVENUE	9 Months Ended
	Sep. 30, 2021
Revenue from Contract with Customer [Abstract]
REVENUE	NOTE 9— REVENUE The following table disaggregates the Company’s revenue for the three-and-nine-month periods ended September 30, 2021 and 2020 (in thousands): SCHEDULE OF DISAGGREGATES OF REVENUE Hardware Monitoring Total Nine months ended September 30, 2021: PG Segment $ 1,449 $ 2,834 $ 4,283 CP Segment 543 196 739 Total Revenue $ 1,992 $ 3,030 $ 5,022 Hardware Monitoring Total Nine months ended September 30, 2020: PG Segment $ 999 $ 2,634 $ 3,633 CP Segment 501 189 690 Total Revenue $ 1,500 $ 2,823 $ 4,323 Hardware Monitoring Total Three months ended September 30, 2021: PG Segment $ 507 $ 939 $ 1,446 CP Segment 194 66 260 Total Revenue $ 701 $ 1,005 $ 1,706 Hardware Monitoring Total Three months ended September 30, 2020: PG Segment $ 354 $ 908 $ 1,262 CP Segment 193 62 255 Total Revenue $ 547 $ 970 $ 1,517 Deferred revenue activity for the nine months ended September 30, 2021 can be seen in the table below (in thousands): SCHEDULE OF DEFERRED REVENUE ACTIVITY Hardware Monitoring Total Balance at December 31, 2020 $ 2,576 $ 1,978 $ 4,554 Additions during the period 1,777 3,182 4,959 Recognized as revenue (1,373 ) (3,029 ) (4,402 ) Balance at September 30, 2021 $ 2,980 $ 2,131 $ 5,111 Amounts to be recognized as revenue in the twelve-month-period ending: September 30, 2022 $ 1,583 $ 1,875 $ 3,458 September 30, 2023 999 251 1,250 September 30, 2024 and thereafter 398 5 403 Total $ 2,980 $ 2,131 $ 5,111 Other revenue of approximately $ 620,000 Deferred charges relate only to the sale of equipment. Deferred charges activity for the nine months ended September 30, 2021 can be seen in the table below (in thousands): SCHEDULE OF DEFERRED CHARGES ACTIVITY Balance at December 31, 2020 $ 1,306 Additions, net of adjustments, during the period 797 Recognized as cost of sales (710 ) Balance at September 30, 2021 $ 1,393 Amounts to be recognized as cost of sales in the twelve-month-period ending: September 30, 2022 $ 756 September 30, 2023 459 * September 30, 2024 and thereafter 178 * $ 1,393 * Amounts included in other assets in the Company’s unaudited condensed consolidated balance sheets at September 30, 2021. Other cost of goods sold (COGS) recognized of approximately $ 266,000 is related to accessories, repairs, and other miscellaneous charges that are recognized to revenue when sold and are not deferred, in addition to $ 372,000 in monitoring COGS which is not deferred. The following table provides a reconciliation of the Company’s sales commissions contract assets for the nine-month period ended September 30, 2021 (in thousands): SCHEDULE OF SALES COMMISSIONS CONTRACT ASSETS Hardware Monitoring Total Balance at December 31, 2020 $ 136 $ 41 $ 177 Additions during the period 151 23 174 Amortization of sales commissions (75 ) (16 ) (91 ) Balance at September 30, 2021 $ 212 $ 48 $ 260 The capitalized sales commissions are included in other current assets (approximately $ 122,000 138,000 90,000 87,000

ACCOUNTING POLICIES (Policies)

ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2021
Accounting Policies [Abstract]
Concentrations of Credit Risk	Concentrations of Credit Risk 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 approximately $ 2,016,000 at September 30, 2021. The Company does not believe there is significant risk of non-performance by these counterparties. For the three and nine-month periods ended September 30, 2021, there were no customers that represented greater than 10 % of the Company’s total invoiced sales. Approximately 12 % of the accounts receivable at September 30, 2021 was due from one customer who pays its receivables over usual credit periods. As of November 8, 2021 the Company had collected 100 % of the outstanding amount of approximately $ 98,000 due from this customer as of September 30, 2021. Credit risk with respect to the balance of trade receivables is generally diversified due to the number of entities comprising the Company’s customer base.
Basic and Diluted Net Income (Loss) Per Share	Basic and Diluted Net Income (Loss) Per Share Basic net income (loss) per share is computed by dividing the net income (loss) attributable to Acorn Energy, Inc. by the weighted average number of shares outstanding during the year, excluding treasury stock. Diluted net income (loss) per share is computed by dividing the net income (loss) by the weighted average number of shares outstanding plus the dilutive potential of common shares which would result from the exercise of stock options and warrants. The dilutive effects of stock options and warrants are excluded from the computation of diluted net income (loss) per share if doing so would be antidilutive. The number of options that were excluded from the computation of diluted net income (loss) per share, as they had an antidilutive effect, was approximately 291,000 (which have a weighted average exercise price of $ 0.56 ) and approximately 181,000 (which have a weighted average exercise price of $ 0.66 ) for the nine- and three-month periods ending September 30, 2021, respectively. There were no anti-dilutive warrants. For both the nine- and three-month periods ending September 30, 2020, the number of options and warrants that were excluded from the computation of diluted net income (loss) per share, as they had an antidilutive effect, was approximately 937,000 options (which had a weighted average exercise price of $ 1.19 ) and approximately 35,000 warrants (which had a weighted average exercise price of $ 0.13 ). The following data represents the amounts used in computing EPS and the effect on net income (loss) and the weighted average number of shares of dilutive potential common stock (in thousands): SCHEDULE OF EFFECT ON NET INCOME LOSS AND WEIGHTED AVERAGE NUMBER OF SHARES 2021 2020 2021 2020 Nine months ended September 30, Three months ended September 30, 2021 2020 2021 2020 Net income (loss) available to common stockholders $ 45 $ (348 ) $ 23 $ (32 ) Weighted average share outstanding: Basic 39,687 39,669 39,687 39,687 Add: Warrants 28 — 28 — Add: Stock options 207 — 244 — Diluted 39,922 39,669 39,959 39,687 Basic and diluted net income (loss) per share $ 0.00 $ (0.01 ) $ 0.00 $ 0.00
Recently Issued Accounting Principles	Recently Issued Accounting Principles Other than the pronouncement noted below, there have been no recent accounting pronouncements or changes in accounting pronouncements during the nine- and three-month periods ended September 30, 2021, that are of material significance, or have potential material significance, to the Company. In June 2016, the FASB issued ASU 2016-13, Financial Instruments-Credit Losses (“ASC 326”), authoritative guidance amending how entities will measure credit losses for most financial assets and certain other instruments that are not measured at fair value through net income. The guidance requires the application of a current expected credit loss model, which is a new impairment model based on expected losses. The new guidance is effective for interim and annual reporting periods beginning after December 15, 2022. The Company is currently evaluating the impact of the new guidance on its condensed consolidated financial statements and related disclosures.

ACCOUNTING POLICIES (Tables)

ACCOUNTING POLICIES (Tables)	9 Months Ended
	Sep. 30, 2021
Accounting Policies [Abstract]
SCHEDULE OF EFFECT ON NET INCOME LOSS AND WEIGHTED AVERAGE NUMBER OF SHARES	The following data represents the amounts used in computing EPS and the effect on net income (loss) and the weighted average number of shares of dilutive potential common stock (in thousands): SCHEDULE OF EFFECT ON NET INCOME LOSS AND WEIGHTED AVERAGE NUMBER OF SHARES 2021 2020 2021 2020 Nine months ended September 30, Three months ended September 30, 2021 2020 2021 2020 Net income (loss) available to common stockholders $ 45 $ (348 ) $ 23 $ (32 ) Weighted average share outstanding: Basic 39,687 39,669 39,687 39,687 Add: Warrants 28 — 28 — Add: Stock options 207 — 244 — Diluted 39,922 39,669 39,959 39,687 Basic and diluted net income (loss) per share $ 0.00 $ (0.01 ) $ 0.00 $ 0.00

LEASES (Tables)

LEASES (Tables)	9 Months Ended
	Sep. 30, 2021
Leases
SCHEDULE OF SUPPLEMENTAL CASH FLOW INFORMATION RELATED TO LEASES	Supplemental cash flow information related to leases consisted of the following (in thousands): SCHEDULE OF SUPPLEMENTAL CASH FLOW INFORMATION RELATED TO LEASES September 30, 2021 2020 Cash paid for operating lease liabilities $ 90 $ 48
SCHEDULE OF SUPPLEMENTAL BALANCE SHEET INFORMATION RELATED TO LEASES	Supplemental balance sheet information related to leases consisted of the following: SCHEDULE OF SUPPLEMENTAL BALANCE SHEET INFORMATION RELATED TO LEASES 2021 Weighted average remaining lease terms for operating leases 3.98
SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS	The table below reconciles the undiscounted future minimum lease payments under non-cancelable lease agreements having initial terms in excess of one year to the total operating lease liabilities recognized on the unaudited condensed consolidated balance sheet as of September 30, 2021 (in thousands): SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS Twelve-month period ended September 30, 2022 $ 124 2023 127 2024 129 2025 132 Total undiscounted cash flows 512 Less: Imputed interest (41 ) Present value of operating lease liabilities (a) $ 471 (a) Includes current portion of $ 105,000

EQUITY (Tables)

EQUITY (Tables)	9 Months Ended
	Sep. 30, 2021
Equity [Abstract]
SUMMARY OF BLACK-SCHOLES OPTION PRICING TO ESTIMATE FAIR VALUE	The Company utilized the Black-Scholes option-pricing model to estimate fair value, utilizing the following assumptions for the respective years (all in weighted averages): SUMMARY OF BLACK-SCHOLES OPTION PRICING TO ESTIMATE FAIR VALUE Number of Options (in shares) Weighted Average Exercise Price Per Share Weighted Average Remaining Contractual Life Aggregate Intrinsic Value Outstanding at December 31, 2020 722,501 $ 0.62 4.4 $ 29,000 Granted 232,770 0.54 Exercised — — Forfeited or expired (104,752 ) 2.15 Outstanding at September 30, 2021 850,519 $ 0.41 4.9 $ 212,000 Exercisable at September 30, 2021 558,491 $ 0.36 4.2 $ 170,000
SCHEDULE OF STOCK OPTIONS FAIR VALUE ASSUMPTIONS ESTIMATED USING BLACK-SCHOLES PRICING MODEL	The fair value of the options granted of approximately $ 89,000 SCHEDULE OF STOCK OPTIONS FAIR VALUE ASSUMPTIONS ESTIMATED USING BLACK-SCHOLES PRICING MODEL Risk-free interest rate .53 % Expected term of options 4.0 Expected annual volatility 99.7 % Expected dividend yield — %
SUMMARY OF WARRANT ACTIVITY	The Company previously issued warrants at exercise prices equal to or greater than market value of the Company’s common stock at the date of issuance. A summary of warrant activity follows: SUMMARY OF WARRANT ACTIVITY Number of Warrants (in shares) Weighted Average Exercise Price Per Share Weighted Average Remaining Contractual Life Outstanding at December 31, 2020 35,000 $ 0.13 2.2 Granted — — Exercised — — Forfeited or expired — — Outstanding at September 30, 2021 35,000 $ 0.13 1.4

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	9 Months Ended
	Sep. 30, 2021
Segment Reporting [Abstract]
SUMMARY OF SEGMENTED DATA	The following tables represent segmented data for the three-month and nine-month periods ended September 30, 2021 and 2020 (in thousands): SUMMARY OF SEGMENTED DATA PG CP Total Nine months ended September 30, 2021: Revenues from external customers $ 4,283 $ 739 $ 5,022 Segment gross profit 3,241 433 3,674 Depreciation and amortization 48 8 56 Segment income (loss) before income taxes $ 774 $ (15 ) $ 759 Nine months ended September 30, 2020: Revenues from external customers $ 3,633 $ 690 $ 4,323 Segment gross profit 2,656 365 3,021 Depreciation and amortization 17 4 21 Segment income (loss) before income taxes $ 414 $ (79 ) $ 335 Three months ended September 30, 2021: Revenues from external customers $ 1,446 $ 260 $ 1,706 Segment gross profit 1,091 151 1,242 Depreciation and amortization 16 3 19 Segment income (loss) before income taxes $ 264 $ 2 $ 266 Three months ended September 30, 2020: Revenues from external customers $ 1,262 $ 255 $ 1,517 Segment gross profit 936 141 1,077 Depreciation and amortization — — — Segment income (loss) before income taxes $ 210 $ (7 ) $ 203
SCHEDULE OF RECONCILIATION OF SEGMENT DATA TO CONSOLIDATED NET INCOME LOSS BEFORE INCOME TAXES	Reconciliation of Segment Income (Loss) to Consolidated Net Income (Loss) Before Income Taxes SCHEDULE OF RECONCILIATION OF SEGMENT DATA TO CONSOLIDATED NET INCOME LOSS BEFORE INCOME TAXES 2021 2020 2021 2020 Nine months ended September 30, Three months ended September 30, 2021 2020 2021 2020 Total net income before income taxes for reportable segments $ 759 $ 335 $ 266 $ 203 Unallocated cost of corporate headquarters (708 ) (682 ) (241 ) (234 ) Consolidated net income (loss) before income taxes $ 51 $ (347 ) $ 25 $ (31 )

REVENUE (Tables)

REVENUE (Tables)	9 Months Ended
	Sep. 30, 2021
Revenue from Contract with Customer [Abstract]
SCHEDULE OF DISAGGREGATES OF REVENUE	The following table disaggregates the Company’s revenue for the three-and-nine-month periods ended September 30, 2021 and 2020 (in thousands): SCHEDULE OF DISAGGREGATES OF REVENUE Hardware Monitoring Total Nine months ended September 30, 2021: PG Segment $ 1,449 $ 2,834 $ 4,283 CP Segment 543 196 739 Total Revenue $ 1,992 $ 3,030 $ 5,022 Hardware Monitoring Total Nine months ended September 30, 2020: PG Segment $ 999 $ 2,634 $ 3,633 CP Segment 501 189 690 Total Revenue $ 1,500 $ 2,823 $ 4,323 Hardware Monitoring Total Three months ended September 30, 2021: PG Segment $ 507 $ 939 $ 1,446 CP Segment 194 66 260 Total Revenue $ 701 $ 1,005 $ 1,706 Hardware Monitoring Total Three months ended September 30, 2020: PG Segment $ 354 $ 908 $ 1,262 CP Segment 193 62 255 Total Revenue $ 547 $ 970 $ 1,517
SCHEDULE OF DEFERRED REVENUE ACTIVITY	Deferred revenue activity for the nine months ended September 30, 2021 can be seen in the table below (in thousands): SCHEDULE OF DEFERRED REVENUE ACTIVITY Hardware Monitoring Total Balance at December 31, 2020 $ 2,576 $ 1,978 $ 4,554 Additions during the period 1,777 3,182 4,959 Recognized as revenue (1,373 ) (3,029 ) (4,402 ) Balance at September 30, 2021 $ 2,980 $ 2,131 $ 5,111 Amounts to be recognized as revenue in the twelve-month-period ending: September 30, 2022 $ 1,583 $ 1,875 $ 3,458 September 30, 2023 999 251 1,250 September 30, 2024 and thereafter 398 5 403 Total $ 2,980 $ 2,131 $ 5,111
SCHEDULE OF DEFERRED CHARGES ACTIVITY	Deferred charges relate only to the sale of equipment. Deferred charges activity for the nine months ended September 30, 2021 can be seen in the table below (in thousands): SCHEDULE OF DEFERRED CHARGES ACTIVITY Balance at December 31, 2020 $ 1,306 Additions, net of adjustments, during the period 797 Recognized as cost of sales (710 ) Balance at September 30, 2021 $ 1,393 Amounts to be recognized as cost of sales in the twelve-month-period ending: September 30, 2022 $ 756 September 30, 2023 459 * September 30, 2024 and thereafter 178 * $ 1,393 * Amounts included in other assets in the Company’s unaudited condensed consolidated balance sheets at September 30, 2021.
SCHEDULE OF SALES COMMISSIONS CONTRACT ASSETS	The following table provides a reconciliation of the Company’s sales commissions contract assets for the nine-month period ended September 30, 2021 (in thousands): SCHEDULE OF SALES COMMISSIONS CONTRACT ASSETS Hardware Monitoring Total Balance at December 31, 2020 $ 136 $ 41 $ 177 Additions during the period 151 23 174 Amortization of sales commissions (75 ) (16 ) (91 ) Balance at September 30, 2021 $ 212 $ 48 $ 260

SCHEDULE OF EFFECT ON NET INCOM

SCHEDULE OF EFFECT ON NET INCOME LOSS AND WEIGHTED AVERAGE NUMBER OF SHARES (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Accounting Policies [Abstract]
Net income (loss) available to common stockholders	$ 23	$ (32)	$ 45	$ (348)
Basic	39,687	39,687	39,687	39,669
Add: Warrants	28		28
Add: Stock options	244		207
Diluted	39,959	39,687	39,922	39,669
Basic and diluted net income (loss) per share	$ 0	$ 0	$ 0	$ (0.01)

ACCOUNTING POLICIES (Details Na

ACCOUNTING POLICIES (Details Narrative) - USD ($)	Nov. 08, 2021	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Product Information [Line Items]
Cash and Cash Equivalents, at Carrying Value		$ 2,016,000		$ 2,016,000		$ 2,063,000
Stock Options [Member]
Product Information [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount		181,000		291,000	937,000
Weighted average exercise price of options and warrants		$ 0.66		$ 0.56	$ 1.19
Warrant [Member]
Product Information [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount			35,000
Weighted average exercise price of options and warrants			$ 0.13
Subsequent Event [Member]
Product Information [Line Items]
Collection percentage of outstanding amount	100.00%
Proceeds from Accounts Receivable Securitization	$ 98,000
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Minimum [Member]
Product Information [Line Items]
Concentration Risk, Percentage				10.00%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer One [Member]
Product Information [Line Items]
Concentration Risk, Percentage				12.00%

LIQUIDITY (Details Narrative)

LIQUIDITY (Details Narrative) - USD ($)	9 Months Ended
	Sep. 30, 2021	Nov. 08, 2021	Dec. 31, 2020
Working capital	$ 13,000
Cash	2,016,000		$ 2,063,000
Deferred revenue	3,458,000		$ 3,214,000
Subsequent Event [Member]
Cash		$ 1,928,000
OmniMetrix, LLC [Member]
Income from operations	1,015,000
Income from operations used by corporate headquarters	$ 692,000

SCHEDULE OF SUPPLEMENTAL CASH F

SCHEDULE OF SUPPLEMENTAL CASH FLOW INFORMATION RELATED TO LEASES (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Leases
Cash paid for operating lease liabilities	$ 90	$ 48

SCHEDULE OF SUPPLEMENTAL BALANC

SCHEDULE OF SUPPLEMENTAL BALANCE SHEET INFORMATION RELATED TO LEASES (Details)	Sep. 30, 2021
Leases
Weighted average remaining lease terms for operating leases	3 years 11 months 23 days

SCHEDULE OF FUTURE MINIMUM LEAS

SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS (Details) $ in Thousands	Sep. 30, 2021USD ($)
Leases
2022	$ 124
2023	127
2024	129
2025	132
Total undiscounted cash flows	512
Less: Imputed interest	(41)
Present value of operating lease liabilities (a)	$ 471	[1]
[1]	Includes current portion of $ 105,000

SCHEDULE OF FUTURE MINIMUM LE_2

SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS (Details) (Parenthetical) - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Leases
Current operating lease	$ 105,000	$ 99,000

LEASES (Details Narrative)

LEASES (Details Narrative)		Jul. 06, 2021USD ($)ft²	Apr. 30, 2019	Sep. 30, 2021USD ($)	Sep. 30, 2020USD ($)	Sep. 30, 2021USD ($)	Sep. 30, 2020USD ($)
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Operating lease, liability	[1]			$ 471,000		$ 471,000
[custom:SubleasePayments]		$ 2,375
Leasehold Improvements, Gross		7,000
[custom:EstimatedSubleasePayments-0]		$ 6,700
Omni Metrix Holdings, Inc. [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Lessee, operating lease, discount rate				4.50%		4.50%
Operating lease, liability				$ 471,000		$ 471,000
King Industrial Reality Inc [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Area of Land | ft²		1,900
King Industrial Realty Inc [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Area of Land | ft²		21,000
Operating Lease Agreements [Member] | Omni Metrix Holdings, Inc. [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Lease expiration date						Sep. 30, 2025
Lessee, operating lease, description			The office equipment lease commenced in April 2019 and has a sixty-month term.
Operating lease, payments				$ 30,000	$ 10,000	$ 90,000	$ 48,000
[1]	Includes current portion of $ 105,000

DEBT (Details Narrative)

DEBT (Details Narrative) - USD ($)	1 Months Ended		2 Months Ended	3 Months Ended	9 Months Ended
	Mar. 31, 2021	Mar. 31, 2019	Feb. 28, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Interest Expense			$ 4,000	$ 6,000		$ 22,000
Short-term credit							$ 149,000
OmniMetrix Technologies [Member]
Short-term credit			$ 149,000
Debt instrument expiration date					Feb. 28, 2021
OmniMetrix Technologies [Member] | Loan and Security Agreement [Member]
Percentage of all eligible invoices		75.00%
Maximum financing of account receivable formula-based agreement		$ 1,000,000
Debt interest rate description		Debt incurred under this financing arrangement bore interest at the greater of 6% and prime plus 1.5% per year.
Percentage of monthly service charge		0.75%
Debt Instrument, Interest Rate, Effective Percentage			15.00%
Minimum loan balance		$ 150,000
Regular dividend paid per share	$ 150,000	$ 150,000

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)	Mar. 17, 2021	Aug. 19, 2019	Mar. 17, 2021	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
New Agreement [Member]
Payments for Loans						$ 148,000
[custom:PaymentOfCommitmentAndContingenciesContributions]				$ 38,000	$ 34,000	117,000	$ 100,000
Master Services Agreement [Member]
Cost of the project			$ 106,000
Monthly installments			14,000			23,000
Debt Instrument increase						$ 114,000
Operating lease obligations payable	$ 512,000
Operating leaes and contractual services			$ 12,000
Commitment payable	$ 1,300,000
OmniMetrix Technologies [Member]
Monthly payments		$ 200,000
Partner sensor transaction description		OmniMetrix will also pay the partner (i) a per-sensor monitoring fee for each sensor connected to the developed technology, or (ii) a percentage of any revenue received above a specified amount per sensor monitored per month in oil and gas applications only. Commencing on January 1, 2021, OmniMetrix pays the partner an annual licensing fee of $50,000 which is paid in quarterly increments of $12,500. The per-sensor monitoring fees have not yet commenced.
Annual licensing fee		$ 50,000
Monthly licensing fee		$ 12,500

SUMMARY OF BLACK-SCHOLES OPTION

SUMMARY OF BLACK-SCHOLES OPTION PRICING TO ESTIMATE FAIR VALUE (Details)	9 Months Ended
	Sep. 30, 2021USD ($)$ / sharesshares
Equity [Abstract]
Number of Options (in shares), Outstanding at beginning of year | shares	722,501
Weighted Average Exercise Price Per Share, Outstanding at beginning of year | $ / shares	$ 0.62
Weighted average remaining contractual life at begining	4 years 4 months 24 days
Aggregate intrinsic value at begining of year | $	$ 29,000
Number of Options (in shares), Granted at market price | shares	232,770
Weighted Average Exercise Price Per Share, Granted | $ / shares	$ 0.54
Number of Options (in shares), Exercised | shares
Weighted Average Exercise Price Per Share, Exercised | $ / shares
Number of Options (in shares), Forfeited or expired | shares	(104,752)
Weighted Average Exercise Price Per Share, Forfeited or expired | $ / shares	$ 2.15
Number of Options (in shares), Outstanding at end of year | shares	850,519
Weighted Average Exercise Price Per Share, Outstanding at end of year | $ / shares	$ 0.41
Weighted average remaining contractual life at end	4 years 10 months 24 days
Aggregate intrinsic value at end of year | $	$ 212,000
Number of Options (in shares), Exercisable at end of year | shares	558,491
Weighted Average Exercise Price Per Share, Exercisable at end of year | $ / shares	$ 0.36
Weighted average remaining contractual life at exercisable at end of year	4 years 2 months 12 days
Aggregate intrinsic value at exercisable | $	$ 170,000

SCHEDULE OF STOCK OPTIONS FAIR

SCHEDULE OF STOCK OPTIONS FAIR VALUE ASSUMPTIONS ESTIMATED USING BLACK-SCHOLES PRICING MODEL (Details)	9 Months Ended
	Sep. 30, 2021
Equity [Abstract]
Risk-free interest rate	0.53%
Expected term of options, in years	4 years
Expected annual volatility	99.70%
Expected dividend yield

SUMMARY OF WARRANT ACTIVITY (De

SUMMARY OF WARRANT ACTIVITY (Details)	9 Months Ended
	Sep. 30, 2021$ / sharesshares
Accumulated Other Comprehensive Income (Loss) [Line Items]
Weighted average remaining contractual life at begining	4 years
Weighted average remaining contractual life at end	4 years 10 months 24 days
Warrant [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of Warrants (in Shares), Outstanding at beginning balance | shares	35,000
Weighted Average Exercise Price Per Share, Outstanding at beginning balance | $ / shares	$ 0.13
Weighted average remaining contractual life at begining	2 years 2 months 12 days
Number of Warrants (in Shares), Granted | shares
Weighted Average Exercise Price Per Share, Granted | $ / shares
Number of Warrants (in Shares), Exercised | shares
Weighted Average Exercise Price Per Share, Exercised | $ / shares
Number of Warrants (in Shares), Forfeited or expired | shares
Weighted Average Exercise Price Per Share, Forfeited or expired | $ / shares
Number of Warrants (in Shares), Outstanding at end balance | shares	35,000
Weighted Average Exercise Price Per Share, Outstanding at end balance | $ / shares	$ 0.13
Weighted average remaining contractual life at end	1 year 4 months 24 days

EQUITY (Details Narrative)

EQUITY (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Subsidiary, Sale of Stock [Line Items]
Common stock, shares issued	39,687,589		39,687,589		39,687,589
Common stock, shares outstanding	39,687,589		39,687,589
Common stock par value	$ 0.01		$ 0.01		$ 0.01
Number of options granted during period			232,770
Fair value of options granted during period			$ 89,000
Number of options exercised
Intrinsic value of options outstanding	$ 212,000		$ 212,000		$ 29,000
Intrinsic value of options exercisable	170,000		170,000
Compensation cost, non-vested awards not yet recognized	76,000		76,000
Selling, General and Administrative Expenses [Member]
Subsidiary, Sale of Stock [Line Items]
Stock based compensation expense	$ 22,000	$ 8,000	$ 58,000	$ 27,000
Non-employee Stock Option [Member]
Subsidiary, Sale of Stock [Line Items]
Number of options exercised	0		0
Employees [Member]
Subsidiary, Sale of Stock [Line Items]
Number of options granted during period	67,770		67,770
Directors [Member]
Subsidiary, Sale of Stock [Line Items]
Number of options granted during period			30,000
Company's CEO [Member]
Subsidiary, Sale of Stock [Line Items]
Number of options granted during period			35,000
Company's CFO [Member]
Subsidiary, Sale of Stock [Line Items]
Number of options granted during period			100,000
Non-employee [Member]
Subsidiary, Sale of Stock [Line Items]
Number of options granted during period	0		0
Amended And Restated Two Thousand Six Stock Incentive Plan [Member]
Subsidiary, Sale of Stock [Line Items]
Number of options available for grant	1,563,121		1,563,121

SUMMARY OF SEGMENTED DATA (Deta

SUMMARY OF SEGMENTED DATA (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Segment Reporting Information [Line Items]
Revenues from external customers	$ 1,706	$ 1,517	$ 5,022	$ 4,323
Segment gross profit	1,242	1,077	3,674	3,021
Depreciation and amortization	19		56	21
Segment income (loss) before income taxes	266	203	759	335
PG [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	1,446	1,262	4,283	3,633
Segment gross profit	1,091	936	3,241	2,656
Depreciation and amortization	16		48	17
Segment income (loss) before income taxes	264	210	774	414
CP [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	260	255	739	690
Segment gross profit	151	141	433	365
Depreciation and amortization	3		8	4
Segment income (loss) before income taxes	$ 2	$ (7)	$ (15)	$ (79)

SCHEDULE OF RECONCILIATION OF S

SCHEDULE OF RECONCILIATION OF SEGMENT DATA TO CONSOLIDATED NET INCOME LOSS BEFORE INCOME TAXES (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Segment Reporting [Abstract]
Total net income before income taxes for reportable segments	$ 266	$ 203	$ 759	$ 335
Unallocated cost of corporate headquarters	(241)	(234)	(708)	(682)
Consolidated net income (loss) before income taxes	$ 25	$ (31)	$ 51	$ (347)

SEGMENT REPORTING (Details Narr

SEGMENT REPORTING (Details Narrative)	9 Months Ended
	Sep. 30, 2021Segments
Segment Reporting [Abstract]
Number of reportable segments	2

SCHEDULE OF DISAGGREGATES OF RE

SCHEDULE OF DISAGGREGATES OF REVENUE (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Disaggregation of Revenue [Line Items]
Total Revenue	$ 1,706	$ 1,517	$ 5,022	$ 4,323
Hardware [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	701	547	1,992	1,500
Monitoring [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	1,005	970	3,030	2,823
PG [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	1,446	1,262	4,283	3,633
PG [Member] | Hardware [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	507	354	1,449	999
PG [Member] | Monitoring [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	939	908	2,834	2,634
CP [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	260	255	739	690
CP [Member] | Hardware [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	194	193	543	501
CP [Member] | Monitoring [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	$ 66	$ 62	$ 196	$ 189

SCHEDULE OF DEFERRED REVENUE AC

SCHEDULE OF DEFERRED REVENUE ACTIVITY (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2021USD ($)
Disaggregation of Revenue [Line Items]
Balance at December 31, 2020	$ 4,554
Additions during the period	4,959
Recognized as revenue	(4,402)
Balance at September 30, 2021	5,111
September 30, 2022	3,458
September 30, 2023	1,250
September 30, 2024 and thereafter	403
Total	5,111
Hardware [Member]
Disaggregation of Revenue [Line Items]
Balance at December 31, 2020	2,576
Additions during the period	1,777
Recognized as revenue	(1,373)
Balance at September 30, 2021	2,980
September 30, 2022	1,583
September 30, 2023	999
September 30, 2024 and thereafter	398
Total	2,980
Monitoring [Member]
Disaggregation of Revenue [Line Items]
Balance at December 31, 2020	1,978
Additions during the period	3,182
Recognized as revenue	(3,029)
Balance at September 30, 2021	2,131
September 30, 2022	1,875
September 30, 2023	251
September 30, 2024 and thereafter	5
Total	$ 2,131

SCHEDULE OF DEFERRED CHARGES AC

SCHEDULE OF DEFERRED CHARGES ACTIVITY (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2021USD ($)
Revenue from Contract with Customer [Abstract]
Balance at December 31, 2020	$ 1,306
Additions, net of adjustments, during the period	797
Recognized as cost of sales	(710)
Balance at September 30, 2021	1,393
September 30, 2022	756
September 30, 2023	459	[1]
September 30, 2024 and thereafter	178	[1]
Total	$ 1,393
[1]	Amounts included in other assets in the Company’s unaudited condensed consolidated balance sheets at September 30, 2021.

SCHEDULE OF SALES COMMISSIONS C

SCHEDULE OF SALES COMMISSIONS CONTRACT ASSETS (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2021USD ($)
Disaggregation of Revenue [Line Items]
Balance at December 31, 2020	$ 177
Additions during the period	174
Amortization of sales commissions	(91)
Balance at September 30, 2021	260
Hardware [Member]
Disaggregation of Revenue [Line Items]
Balance at December 31, 2020	136
Additions during the period	151
Amortization of sales commissions	(75)
Balance at September 30, 2021	212
Monitoring [Member]
Disaggregation of Revenue [Line Items]
Balance at December 31, 2020	41
Additions during the period	23
Amortization of sales commissions	(16)
Balance at September 30, 2021	$ 48

REVENUE (Details Narrative)

REVENUE (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Disaggregation of Revenue [Line Items]
Revenue	$ 1,706,000	$ 1,517,000	$ 5,022,000	$ 4,323,000
Cost of Goods and Services Sold	464,000	$ 440,000	1,348,000	$ 1,302,000
Other current assets	174,000		174,000		$ 126,000
Capitalized Sales Commissions [Member]
Disaggregation of Revenue [Line Items]
Other current assets	122,000		122,000		90,000
Other assets	$ 138,000		138,000		$ 87,000
Other Revenue Related to Accessories, Repairs and Other Miscellaneous Charges [Member]
Disaggregation of Revenue [Line Items]
Revenue			620,000
Other COGS and Miscellaneous Charges [Member]
Disaggregation of Revenue [Line Items]
Cost of Goods and Services Sold			266,000
Monitoring Services [Member]
Disaggregation of Revenue [Line Items]
Cost of Goods and Services Sold			$ 372,000