Acorn Energy (ACFN) 10-Q 13 May 22 2022 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2022	May 11, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Mar. 31, 2022
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2022
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
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 ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Current assets:
Cash	$ 1,784	$ 1,722
Accounts receivable, net	820	876
Inventory, net	674	617
Deferred cost of goods sold	851	799
Other current assets	208	229
Total current assets	4,337	4,243
Property and equipment, net	656	517
Right-of-use assets, net	374	399
Deferred cost of goods sold	797	714
Other assets	183	169
Total assets	6,347	6,042
Current liabilities:
Accounts payable	516	457
Accrued expenses	227	164
Deferred revenue	3,652	3,541
Current operating lease liabilities	109	107
Other current liabilities	35	34
Total current liabilities	4,539	4,303
Long-term liabilities:
Deferred revenue	2,040	1,852
Noncurrent operating lease liabilities	308	336
Other long-term liabilities	13	12
Total long-term liabilities	2,361	2,200
Commitments and contingencies
Acorn Energy, Inc. shareholders
Common stock - $0.01 par value per share: Authorized – 42,000,000 shares; Issued – 39,687,589 shares at March 31, 2022 and December 31, 2021	397	397
Additional paid-in capital	102,835	102,804
Accumulated deficit	(100,757)	(100,634)
Treasury stock, at cost – 801,920 shares at March 31, 2022 and December 31, 2021	(3,036)	(3,036)
Total Acorn Energy, Inc. shareholders’ deficit	(561)	(469)
Non-controlling interests	8	8
Total deficit	(553)	(461)
Total liabilities and deficit	$ 6,347	$ 6,042

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Mar. 31, 2022	Dec. 31, 2021
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
	Mar. 31, 2022	Mar. 31, 2021
Income Statement [Abstract]
Revenue	$ 1,751	$ 1,705
Cost of sales	493	495
Gross profit	1,258	1,210
Operating expenses:
Research and development expense	198	178
Selling, general and administrative expense	1,182	1,006
Total operating expenses	1,380	1,184
Operating (loss) income	(122)	26
Finance expense, net		(4)
(Loss) income before income taxes	(122)	22
Income tax expense
Net (loss) income	(122)	22
Non-controlling interest share of net income	(1)	(2)
Net (loss) income attributable to Acorn Energy, Inc. shareholders	$ (123)	$ 20
Basic and diluted net (loss) income per share attributable to Acorn Energy, Inc. shareholders:
Total attributable to Acorn Energy, Inc. shareholders	$ 0	$ 0
Weighted average number of shares outstanding attributable to Acorn Energy, Inc. shareholders – basic and diluted:
Basic	39,688	39,688
Diluted	39,688	39,861

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Changes in Deficit (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Parent [Member]	Noncontrolling Interest [Member]
Beginning balance at Dec. 31, 2020	$ (519)	$ 397	$ 102,729	$ (100,613)	$ (3,036)	$ (523)	$ 4
Beginning balances, shares at Dec. 31, 2020		39,688			802
Net income	22			20		20	2
Accrued dividend in OmniMetrix preferred shares	(1)						(1)
Stock option compensation	15		15			15
Ending balance at Mar. 31, 2021	(483)	$ 397	102,744	(100,593)	$ (3,036)	(488)	5
Beginning balances, shares at Mar. 31, 2021		39,688			802
Beginning balance at Dec. 31, 2021	(461)	$ 397	102,804	(100,634)	$ (3,036)	(469)	8
Beginning balances, shares at Dec. 31, 2021		39,688			802
Net income	(122)			(123)		(123)	1
Accrued dividend in OmniMetrix preferred shares	(1)						(1)
Stock option compensation	31		31			31
Ending balance at Mar. 31, 2022	$ (553)	$ 397	$ 102,835	$ (100,757)	$ (3,036)	$ (561)	$ 8
Beginning balances, shares at Mar. 31, 2022		39,688			802

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cash flows provided by operating activities:
Net (loss) income	$ (122)	$ 22
Depreciation and amortization	20	18
Non-cash lease expense	29	29
Stock-based compensation	31	15
Change in operating assets and liabilities:
Decrease (increase) in accounts receivable	56	(39)
Increase in inventory	(57)	(7)
(Increase) decrease in deferred cost of goods sold	(135)	61
Decrease (increase) in other current assets and other assets	7	(15)
Increase (decrease) in deferred revenue	299	(74)
Decrease in operating lease liability	(30)	(30)
Increase in accounts payable, accrued expenses, other current liabilities and non-current liabilities	123	88
Net cash provided by operating activities	221	68
Cash flows used in investing activities:
Investments in technology	(157)	(8)
Other capital investments	(2)
Net cash used in investing activities	(159)	(8)
Cash flows used in financing activities:
Short-term credit, net		(149)
Net increase (decrease) in cash	62	(89)
Cash at the beginning of the year	1,722	2,063
Cash at the end of the period	1,784	1,974
Cash paid during the year for:
Interest		4
Non-cash investing and financing activities:
Accrued preferred dividends to former CEO of OmniMetrix	$ 1	$ 1

BASIS OF PRESENTATION

BASIS OF PRESENTATION	3 Months Ended
	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [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 and consequently have been condensed. 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 three-month period ended March 31, 2022 are not necessarily indicative of the results that may be expected for the year ending December 31, 2022. These unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and footnotes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021 filed with the Securities and Exchange Commission on March 31, 2022.

ACCOUNTING POLICIES

ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
ACCOUNTING POLICIES	NOTE 2— ACCOUNTING POLICIES Use of Estimates in Preparation of Financial Statements The preparation of unaudited condensed consolidated financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities as of the date of the unaudited condensed unaudited consolidated financial statements, and the reported amounts of revenues and expenses during the reporting periods. As applicable to these unaudited condensed consolidated financial statements, the most significant estimates and assumptions relate to uncertainties with respect to income taxes, inventories, account receivable allowances, contingencies, revenue recognition, management’s projections and analyses of the possible impairments. 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 $ 1,784,000 10 For the three months ended March 31, 2021, one customer represented approximately 11 10 84,000 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 (Loss) Income Per Share Basic net (loss) income per share is computed by dividing the net (loss) income attributable to Acorn Energy, Inc. by the weighted average number of shares outstanding during the year, excluding treasury stock. Diluted net (loss) income per share is computed by dividing the net (loss) income 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 loss per share if doing so would be antidilutive. The weighted average number of options and warrants that were excluded from the computation of diluted net loss per share, as they had an antidilutive effect, was approximately 929,000 (which have a weighted average exercise price of $ 0.41 ) and approximately 35,000 (which have a weighted average exercise price of $ 0.13 ), respectively, for the three-month period ending March 31, 2022. The weighted average number of options and warrants, in the aggregate, that were excluded from the computation of diluted net loss per share, as they had an antidilutive effect, was approximately 964,000 (which have a weighted average exercise price of $ 0.40 ) and approximately 245,000 (which have a weighted average exercise price of $ 0.99 ) for the three-month periods ending March 31, 2022 and 2021, respectively. 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 2022 2021 Three months ended March 31, 2022 2021 Net (loss) income available to common stockholders $ (123 ) $ 20 Weighted average shares outstanding: -Basic 39,688 39,688 Add: Warrants — 26 Add: Stock options — 147 -Diluted 39,688 39,861 Basic and diluted net (loss) income per share $ 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 three-month period ended March 31, 2022, 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 unaudited condensed consolidated financial statements and related disclosures.

LIQUIDITY

LIQUIDITY	3 Months Ended
	Mar. 31, 2022
Liquidity
LIQUIDITY	NOTE 3— LIQUIDITY As of March 31, 2022, the Company had approximately $ 1,784,000 At March 31, 2022, the Company had a negative working capital of approximately $ 202,000 . Its working capital included approximately $ 1,784,000 of cash and deferred revenue of approximately $ 3,652,000 . Such deferred revenue does not require significant cash outlay for the revenue to be recognized. Net cash increased during the three months ended March 31, 2022 by approximately $ 62,000 , of which approximately $ 221,000 was provided by operating activities and approximately $ 159,000 was used in investing activities 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 has 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. As of May 11, 2022, the Company had cash of approximately $ 1,335,000

LEASES

LEASES	3 Months Ended
	Mar. 31, 2022
Leases
LEASES	NOTE 4— LEASES OmniMetrix leases office space and office equipment under operating lease agreements. The office lease has an expiration date of September 30, 2025. The office equipment lease was entered into in April 2019 and has a sixty-month term 30,000 4.5% 417,000 4.5% Supplemental cash flow information related to leases consisted of the following (in thousands): SCHEDULE OF SUPPLEMENTAL CASH FLOW INFORMATION RELATED TO LEASES For the three months ending March 31, 2022 2021 Cash paid for operating lease liabilities $ 30 $ 30 Supplemental balance sheet information related to leases consisted of the following: SCHEDULE OF SUPPLEMENTAL BALANCE SHEET INFORMATION RELATED TO LEASES 2022 Weighted average remaining lease terms for operating leases 3.48 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 balance sheet as of March 31, 2022 (in thousands): SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS Twelve-month period ended March 31, 2023 $ 125 2024 129 2025 129 2026 67 Total undiscounted cash flows 450 Less: Imputed interest (33 ) Present value of operating lease liabilities (a) $ 417 (a) Includes current portion of approximately $ 109,000 On July 6, 2021, the Company entered into an agreement with King Industrial Realty, Inc. to sublease from the Company 1,900 21,000 2,375 7,000 6,700 2,220 SCHEDULE OF SUBLEASES Twelve-month period ended March 31, 2023 $ 26 2024 26 2025 26 2026 14 Total undiscounted cash flows $ 92

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 5— 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 gas applications only. Commencing on January 1, 2021, OmniMetrix paid the partner a quarterly licensing fee of $ 12,500 4,450 17,800 4,450 In addition to the above, the Company has approximately $ 417,000 49,000 1.9

EQUITY

EQUITY	3 Months Ended
	Mar. 31, 2022
Equity [Abstract]
EQUITY	NOTE 6— EQUITY (a) General At March 31, 2022 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 three-year period from the date of the grant. At March 31, 2022, 1,484,850 During the three months ended March 31, 2022, 30,000 35,000 30,770 no 38,000 No 94,000 98,000 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 Weighted Aggregate Outstanding at December 31, 2021 833,020 $ 0.39 4.7 $ 291,000 Granted 95,770 0.60 Exercised — — Forfeited or expired — — Outstanding at March 31, 2022 928,790 $ 0.41 4.7 $ 94,000 Exercisable at March 31, 2022 573,492 $ 0.34 4.0 $ 98,000 The fair value of the options granted of approximately $ 38,000 SCHEDULE OF STOCK OPTIONS FAIR VALUE ASSUMPTIONS ESTIMATED USING BLACK-SCHOLES PRICING MODEL Risk-free interest rate 1.25 % Expected term of options 4.0 Expected annual volatility 93.9 % 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 $ 31,000 15,000 The total compensation cost related to non-vested awards not yet recognized was approximately $ 65,000 (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 Weighted Outstanding at December 31, 2021 35,000 $ 0.13 14.5 Granted — — Exercised — — Forfeited or expired — — Outstanding at March 31, 2022 35,000 $ 0.13 11.5

SEGMENT REPORTING

SEGMENT REPORTING	3 Months Ended
	Mar. 31, 2022
Segment Reporting [Abstract]
SEGMENT REPORTING	NOTE 7— SEGMENT REPORTING As of March 31, 2022, the Company operates in two ● The Power Generation (“PG”) segment provides wireless remote monitoring and control systems and services for critical assets as well as Internet of Things applications. ● The Cathodic Protection (“CP”) 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 periods ended March 31, 2022 and 2021 (in thousands): SUMMARY OF SEGMENTED DATA PG CP Total Three months ended March 31, 2022: Revenues from external customers $ 1,445 $ 306 $ 1,751 Segment gross profit 1,073 185 1,258 Depreciation and amortization 17 3 20 Segment income (loss) before income taxes $ 189 $ (21 ) $ 168 Three months ended March 31, 2021: Revenues from external customers $ 1,458 $ 247 $ 1,705 Segment gross profit 1,068 142 1,210 Depreciation and amortization 16 2 18 Segment income (loss) before income taxes $ 276 $ (13 ) $ 263 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 Net Income (Loss) to Consolidated Net (Loss) Income Before Income Taxes SCHEDULE OF RECONCILIATION OF SEGMENT DATA TO CONSOLIDATED NET INCOME LOSS BEFORE INCOME TAXES 2022 2021 Three months ended March 31, 2022 2021 Total net income before income taxes for reportable segments $ 168 $ 263 Unallocated cost of corporate headquarters (290 ) (241 ) Consolidated net (loss) income before income taxes $ (122 ) $ 22

REVENUE

REVENUE	3 Months Ended
	Mar. 31, 2022
Revenue from Contract with Customer [Abstract]
REVENUE	NOTE 8— REVENUE The following table disaggregates the Company’s revenue for the three-month periods ended March 31, 2022 and 2021 (in thousands): SCHEDULE OF DISAGGREGATES OF REVENUE Hardware Monitoring Total Three months ended March 31, 2022: PG Segment $ 523 $ 922 $ 1,445 CP Segment 238 68 306 Total Revenue $ 761 $ 990 $ 1,751 Hardware Monitoring Total Three months ended March 31, 2021: PG Segment $ 517 $ 941 $ 1,458 CP Segment 180 67 247 Total Revenue $ 697 $ 1,008 $ 1,705 Deferred revenue activity for the three months ended March 31, 2022 can be seen in the table below (in thousands): SCHEDULE OF DEFERRED REVENUE ACTIVITY Hardware Monitoring Total Balance at December 31, 2021 $ 3,268 $ 2,125 $ 5,393 Additions during the period 791 1,012 1,803 Recognized as revenue (514 ) (990 ) (1,504 ) Balance at March 31, 2022 $ 3,545 $ 2,147 $ 5,692 Amounts to be recognized as revenue in the twelve-month-period ending: March 31, 2022 $ 1,810 $ 1,842 $ 3,652 March 31, 2023 1,251 299 1,550 March 31, 2024 and thereafter 484 6 490 Total $ 3,545 $ 2,147 $ 5,692 Other revenue of approximately $ 247,000 Deferred charges relate only to the sale of equipment. Deferred charges activity for the three months ended March 31, 2022 can be seen in the table below (in thousands): SCHEDULE OF DEFERRED CHARGES ACTIVITY Balance at December 31, 2021 $ 1,513 Additions, net of adjustments, during the period 377 Recognized as cost of sales (242 ) Balance at March 31, 2022 $ 1,648 Amounts to be recognized as cost of sales in the twelve-month-period ending: March 31, 2022 $ 851 March 31, 2023 572 * March 31, 2024 and thereafter 225 * $ 1,648 Other COGS recognized of approximately $ 174,000 77,000 * Amounts included in other assets in the Company’s unaudited condensed consolidated balance sheets at March 31, 2022. The following table provides a reconciliation of the Company’s sales commissions contract assets for the three-month period ended March 31, 2022 (in thousands): SCHEDULE OF SALES COMMISSIONS CONTRACT ASSETS Hardware Monitoring Total Balance at December 31, 2021 $ 242 $ 53 $ 295 Additions during the period 57 11 68 Amortization of sales commissions (35 ) (6 ) (41 ) Balance at March 31, 2022 $ 264 $ 58 $ 322 The capitalized sales commissions are included in other current assets (approximately $ 152,000 ) and other assets (approximately $ 170,000 ) in the Company’s unaudited condensed consolidated balance sheets at March 31, 2022. The capitalized sales commissions are included in other current assets (approximately $ 138,000 ) and other assets (approximately $ 157,000 ) in the Company’s unaudited condensed consolidated balance sheets at December 31, 2021.

ACCOUNTING POLICIES (Policies)

ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
Use of Estimates in Preparation of Financial Statements	Use of Estimates in Preparation of Financial Statements The preparation of unaudited condensed consolidated financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities as of the date of the unaudited condensed unaudited consolidated financial statements, and the reported amounts of revenues and expenses during the reporting periods. As applicable to these unaudited condensed consolidated financial statements, the most significant estimates and assumptions relate to uncertainties with respect to income taxes, inventories, account receivable allowances, contingencies, revenue recognition, management’s projections and analyses of the possible impairments.
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 $ 1,784,000 10 For the three months ended March 31, 2021, one customer represented approximately 11 10 84,000 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 (Loss) Income Per Share	Basic and Diluted Net (Loss) Income Per Share Basic net (loss) income per share is computed by dividing the net (loss) income attributable to Acorn Energy, Inc. by the weighted average number of shares outstanding during the year, excluding treasury stock. Diluted net (loss) income per share is computed by dividing the net (loss) income 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 loss per share if doing so would be antidilutive. The weighted average number of options and warrants that were excluded from the computation of diluted net loss per share, as they had an antidilutive effect, was approximately 929,000 (which have a weighted average exercise price of $ 0.41 ) and approximately 35,000 (which have a weighted average exercise price of $ 0.13 ), respectively, for the three-month period ending March 31, 2022. The weighted average number of options and warrants, in the aggregate, that were excluded from the computation of diluted net loss per share, as they had an antidilutive effect, was approximately 964,000 (which have a weighted average exercise price of $ 0.40 ) and approximately 245,000 (which have a weighted average exercise price of $ 0.99 ) for the three-month periods ending March 31, 2022 and 2021, respectively. 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 2022 2021 Three months ended March 31, 2022 2021 Net (loss) income available to common stockholders $ (123 ) $ 20 Weighted average shares outstanding: -Basic 39,688 39,688 Add: Warrants — 26 Add: Stock options — 147 -Diluted 39,688 39,861 Basic and diluted net (loss) income per share $ 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 three-month period ended March 31, 2022, 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 unaudited condensed consolidated financial statements and related disclosures.

ACCOUNTING POLICIES (Tables)

ACCOUNTING POLICIES (Tables)	3 Months Ended
	Mar. 31, 2022
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 2022 2021 Three months ended March 31, 2022 2021 Net (loss) income available to common stockholders $ (123 ) $ 20 Weighted average shares outstanding: -Basic 39,688 39,688 Add: Warrants — 26 Add: Stock options — 147 -Diluted 39,688 39,861 Basic and diluted net (loss) income per share $ 0.00 $ 0.00

LEASES (Tables)

LEASES (Tables)	3 Months Ended
	Mar. 31, 2022
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 For the three months ending March 31, 2022 2021 Cash paid for operating lease liabilities $ 30 $ 30
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 2022 Weighted average remaining lease terms for operating leases 3.48
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 balance sheet as of March 31, 2022 (in thousands): SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS Twelve-month period ended March 31, 2023 $ 125 2024 129 2025 129 2026 67 Total undiscounted cash flows 450 Less: Imputed interest (33 ) Present value of operating lease liabilities (a) $ 417 (a) Includes current portion of approximately $ 109,000
SCHEDULE OF SUBLEASES	SCHEDULE OF SUBLEASES Twelve-month period ended March 31, 2023 $ 26 2024 26 2025 26 2026 14 Total undiscounted cash flows $ 92

EQUITY (Tables)

EQUITY (Tables)	3 Months Ended
	Mar. 31, 2022
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 Weighted Aggregate Outstanding at December 31, 2021 833,020 $ 0.39 4.7 $ 291,000 Granted 95,770 0.60 Exercised — — Forfeited or expired — — Outstanding at March 31, 2022 928,790 $ 0.41 4.7 $ 94,000 Exercisable at March 31, 2022 573,492 $ 0.34 4.0 $ 98,000
SCHEDULE OF STOCK OPTIONS FAIR VALUE ASSUMPTIONS ESTIMATED USING BLACK-SCHOLES PRICING MODEL	The fair value of the options granted of approximately $ 38,000 SCHEDULE OF STOCK OPTIONS FAIR VALUE ASSUMPTIONS ESTIMATED USING BLACK-SCHOLES PRICING MODEL Risk-free interest rate 1.25 % Expected term of options 4.0 Expected annual volatility 93.9 % 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 Weighted Outstanding at December 31, 2021 35,000 $ 0.13 14.5 Granted — — Exercised — — Forfeited or expired — — Outstanding at March 31, 2022 35,000 $ 0.13 11.5

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	3 Months Ended
	Mar. 31, 2022
Segment Reporting [Abstract]
SUMMARY OF SEGMENTED DATA	The following tables represent segmented data for the three-month periods ended March 31, 2022 and 2021 (in thousands): SUMMARY OF SEGMENTED DATA PG CP Total Three months ended March 31, 2022: Revenues from external customers $ 1,445 $ 306 $ 1,751 Segment gross profit 1,073 185 1,258 Depreciation and amortization 17 3 20 Segment income (loss) before income taxes $ 189 $ (21 ) $ 168 Three months ended March 31, 2021: Revenues from external customers $ 1,458 $ 247 $ 1,705 Segment gross profit 1,068 142 1,210 Depreciation and amortization 16 2 18 Segment income (loss) before income taxes $ 276 $ (13 ) $ 263
SCHEDULE OF RECONCILIATION OF SEGMENT DATA TO CONSOLIDATED NET INCOME LOSS BEFORE INCOME TAXES	Reconciliation of Segment Net Income (Loss) to Consolidated Net (Loss) Income Before Income Taxes SCHEDULE OF RECONCILIATION OF SEGMENT DATA TO CONSOLIDATED NET INCOME LOSS BEFORE INCOME TAXES 2022 2021 Three months ended March 31, 2022 2021 Total net income before income taxes for reportable segments $ 168 $ 263 Unallocated cost of corporate headquarters (290 ) (241 ) Consolidated net (loss) income before income taxes $ (122 ) $ 22

REVENUE (Tables)

REVENUE (Tables)	3 Months Ended
	Mar. 31, 2022
Revenue from Contract with Customer [Abstract]
SCHEDULE OF DISAGGREGATES OF REVENUE	The following table disaggregates the Company’s revenue for the three-month periods ended March 31, 2022 and 2021 (in thousands): SCHEDULE OF DISAGGREGATES OF REVENUE Hardware Monitoring Total Three months ended March 31, 2022: PG Segment $ 523 $ 922 $ 1,445 CP Segment 238 68 306 Total Revenue $ 761 $ 990 $ 1,751 Hardware Monitoring Total Three months ended March 31, 2021: PG Segment $ 517 $ 941 $ 1,458 CP Segment 180 67 247 Total Revenue $ 697 $ 1,008 $ 1,705
SCHEDULE OF DEFERRED REVENUE ACTIVITY	Deferred revenue activity for the three months ended March 31, 2022 can be seen in the table below (in thousands): SCHEDULE OF DEFERRED REVENUE ACTIVITY Hardware Monitoring Total Balance at December 31, 2021 $ 3,268 $ 2,125 $ 5,393 Additions during the period 791 1,012 1,803 Recognized as revenue (514 ) (990 ) (1,504 ) Balance at March 31, 2022 $ 3,545 $ 2,147 $ 5,692 Amounts to be recognized as revenue in the twelve-month-period ending: March 31, 2022 $ 1,810 $ 1,842 $ 3,652 March 31, 2023 1,251 299 1,550 March 31, 2024 and thereafter 484 6 490 Total $ 3,545 $ 2,147 $ 5,692
SCHEDULE OF DEFERRED CHARGES ACTIVITY	Deferred charges relate only to the sale of equipment. Deferred charges activity for the three months ended March 31, 2022 can be seen in the table below (in thousands): SCHEDULE OF DEFERRED CHARGES ACTIVITY Balance at December 31, 2021 $ 1,513 Additions, net of adjustments, during the period 377 Recognized as cost of sales (242 ) Balance at March 31, 2022 $ 1,648 Amounts to be recognized as cost of sales in the twelve-month-period ending: March 31, 2022 $ 851 March 31, 2023 572 * March 31, 2024 and thereafter 225 * $ 1,648
SCHEDULE OF SALES COMMISSIONS CONTRACT ASSETS	The following table provides a reconciliation of the Company’s sales commissions contract assets for the three-month period ended March 31, 2022 (in thousands): SCHEDULE OF SALES COMMISSIONS CONTRACT ASSETS Hardware Monitoring Total Balance at December 31, 2021 $ 242 $ 53 $ 295 Additions during the period 57 11 68 Amortization of sales commissions (35 ) (6 ) (41 ) Balance at March 31, 2022 $ 264 $ 58 $ 322

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
	Mar. 31, 2022	Mar. 31, 2021
Accounting Policies [Abstract]
Net (loss) income available to common stockholders	$ (123)	$ 20
Weighted average shares outstanding:
-Basic	39,688	39,688
Add: Warrants		26
Add: Stock options		147
-Diluted	39,688	39,861
Basic and diluted net (loss) income per share	$ 0	$ 0

ACCOUNTING POLICIES (Details Na

ACCOUNTING POLICIES (Details Narrative) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	May 11, 2022	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Product Information [Line Items]
Cash and cash equivalents		$ 1,784		$ 1,722
Stock Options [Member]
Product Information [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount		929	964
Weighted average exercise price of options and warrants		$ 0.41	$ 0.40
Warrant [Member]
Product Information [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount		35	245
Weighted average exercise price of options and warrants		$ 0.13	$ 0.99
Subsequent Event [Member]
Product Information [Line Items]
Proceeds from Accounts Receivable Securitization	$ 84
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Minimum [Member]
Product Information [Line Items]
Concentration Risk, Percentage		10.00%
Revenue Benchmark [Member] | One Customer Concentration Risk [Member] | Minimum [Member]
Product Information [Line Items]
Concentration Risk, Percentage		11.00%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer One [Member]
Product Information [Line Items]
Concentration Risk, Percentage		10.00%

LIQUIDITY (Details Narrative)

LIQUIDITY (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 30, 2022	Mar. 31, 2021	May 11, 2022	Dec. 31, 2021
Cash	$ 1,784,000				$ 1,722,000
[custom:WorkingCapital-0]		$ 202,000
Deferred Revenue, Current	3,652,000				$ 3,541,000
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	62,000		$ (89,000)
Net Cash Provided by (Used in) Investing Activities	$ 159,000		$ 8,000
Cash				$ 1,335,000
OmniMetrix, LLC [Member]
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent		$ 221,000

SCHEDULE OF SUPPLEMENTAL CASH F

SCHEDULE OF SUPPLEMENTAL CASH FLOW INFORMATION RELATED TO LEASES (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Leases
Cash paid for operating lease liabilities	$ 30	$ 30

SCHEDULE OF SUPPLEMENTAL BALANC

SCHEDULE OF SUPPLEMENTAL BALANCE SHEET INFORMATION RELATED TO LEASES (Details)	Mar. 31, 2022
Leases
Weighted average remaining lease terms for operating leases	3 years 5 months 23 days

SCHEDULE OF FUTURE MINIMUM LEAS

SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS (Details) $ in Thousands	Mar. 31, 2022USD ($)
Leases
2023	$ 125
2024	129
2025	129
2026	67
Total undiscounted cash flows	450
Less: Imputed interest	(33)
Operating Lease, Liability	$ 417

SCHEDULE OF FUTURE MINIMUM LE_2

SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS (Details) (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Leases
Current operating lease	$ 109	$ 107

SCHEDULE OF SUBLEASES (Details)

SCHEDULE OF SUBLEASES (Details) $ in Thousands	Mar. 31, 2022USD ($)
Leases
2023	$ 26
2024	26
2025	26
2026	14
Total undiscounted cash flows	$ 92

LEASES (Details Narrative)

LEASES (Details Narrative)	Jul. 06, 2021USD ($)ft²	Apr. 30, 2019	Mar. 31, 2022USD ($)	Mar. 31, 2021USD ($)
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Lessee, operating lease, discount rate			4.50%
Operating lease, liability			$ 417,000
Sublease payments	$ 2,375
Leasehold Improvements, Gross	7,000
Estimated Sublease Payments	6,700
Service cost	$ 2,220,000
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]
Lessee, operating lease, description		The office equipment lease was entered into in April 2019 and has a sixty-month term
Operating lease, payments			$ 30,000	$ 30,000

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)	Mar. 17, 2021	Aug. 19, 2019
Master Services Agreement [Member]
Operating lease obligations payable	$ 417,000
Operating leaes and contractual services	49,000
Commitment payable	$ 1,900,000
OmniMetrix, LLC [Member]
Monthly payments		$ 200,000
Quarterly licensing fee		12,500
Quarterly increments		4,450
Annual licensing fee		$ 17,800
OmniMetrix Technologies [Member]
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 gas applications only. Commencing on January 1, 2021, OmniMetrix paid the partner a quarterly licensing fee of $12,500 which was renegotiated to $4,450 effective October 1, 2021. The annual licensing fee moving forward will be $17,800, which will be paid in quarterly increments of $4,450. The per-sensor monitoring fees have not yet commenced

SUMMARY OF BLACK-SCHOLES OPTION

SUMMARY OF BLACK-SCHOLES OPTION PRICING TO ESTIMATE FAIR VALUE (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Equity [Abstract]
Number of Options (in shares), Outstanding at beginning of year	833,020
Weighted Average Exercise Price Per Share, Outstanding at beginning of year	$ 0.39
Weighted average remaining contractual life at end	4 years 8 months 12 days	4 years 8 months 12 days
Aggregate intrinsic value at begining of year	$ 291,000
Number of Options (in shares), Granted at market price	95,770
Weighted Average Exercise Price Per Share, Granted	$ 0.60
Number of Options (in shares), Exercised
Weighted Average Exercise Price Per Share, Exercised
Number of Options (in shares), Forfeited or expired
Weighted Average Exercise Price Per Share, Forfeited or expired
Number of Options (in shares), Outstanding at end of year	928,790	833,020
Weighted Average Exercise Price Per Share, Outstanding at end of year	$ 0.41	$ 0.39
Aggregate intrinsic value at end of year	$ 94,000	$ 291,000
Number of Options (in shares), Exercisable at end of year	573,492
Weighted Average Exercise Price Per Share, Exercisable at end of year	$ 0.34
Weighted average remaining contractual life at exercisable at end of year	4 years
Aggregate intrinsic value at exercisable	$ 98,000

SCHEDULE OF STOCK OPTIONS FAIR

SCHEDULE OF STOCK OPTIONS FAIR VALUE ASSUMPTIONS ESTIMATED USING BLACK-SCHOLES PRICING MODEL (Details)	3 Months Ended
	Mar. 31, 2022
Equity [Abstract]
Risk-free interest rate	1.25%
Expected term of options, in years	4 years
Expected annual volatility	93.90%
Expected dividend yield

SUMMARY OF WARRANT ACTIVITY (De

SUMMARY OF WARRANT ACTIVITY (Details) - $ / shares	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of Warrants (in Shares), Forfeited or expired
Warrant [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of Warrants (in Shares), Outstanding at beginning balance	35,000
Weighted Average Exercise Price Per Share, Outstanding at beginning balance	$ 0.13
Weighted average remaining contractual life at end	11 months 15 days	14 months 15 days
Number of Warrants (in Shares), Granted
Weighted Average Exercise Price Per Share, Granted
Number of Warrants (in Shares), Exercised
Weighted Average Exercise Price Per Share, Exercised
Weighted Average Exercise Price Per Share, Forfeited or expired
Number of Warrants (in Shares), Outstanding at end balance	35,000	35,000
Weighted Average Exercise Price Per Share, Outstanding at end balance	$ 0.13	$ 0.13

EQUITY (Details Narrative)

EQUITY (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Subsidiary, Sale of Stock [Line Items]
Common stock issued	39,687,589		39,687,589
Common stock, shares outstanding	39,687,589
Common stock par value	$ 0.01		$ 0.01
Number of options granted during period	95,770
Fair value of options granted during period	$ 38,000
Number of options exercised
Intrinsic value of options outstanding	$ 94,000		$ 291,000
Intrinsic value of options exercisable	98,000
Compensation cost, non-vested awards not yet recognized	65,000
Selling, General and Administrative Expenses [Member]
Subsidiary, Sale of Stock [Line Items]
Stock based compensation expense	$ 31,000	$ 15,000
Non Employee Stock Option [Member]
Subsidiary, Sale of Stock [Line Items]
Number of options exercised	0
Employees [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 Vice President [Member]
Subsidiary, Sale of Stock [Line Items]
Number of options granted during period	30,770
Non-employee [Member]
Subsidiary, Sale of Stock [Line Items]
Number of options granted during period	0
Amended and Restated 2006 Stock Incentive Plan [Member]
Subsidiary, Sale of Stock [Line Items]
Number of options available for grant	1,484,850

SUMMARY OF SEGMENTED DATA (Deta

SUMMARY OF SEGMENTED DATA (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Segment Reporting Information [Line Items]
Revenues from external customers	$ 1,751	$ 1,705
Segment gross profit	1,258	1,210
Depreciation and amortization	20	18
Segment income (loss) before income taxes	168	263
PG [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	1,445	1,458
Segment gross profit	1,073	1,068
Depreciation and amortization	17	16
Segment income (loss) before income taxes	189	276
CP [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	306	247
Segment gross profit	185	142
Depreciation and amortization	3	2
Segment income (loss) before income taxes	$ (21)	$ (13)

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
	Mar. 31, 2022	Mar. 31, 2021
Segment Reporting [Abstract]
Total net income before income taxes for reportable segments	$ 168	$ 263
Unallocated cost of corporate headquarters	(290)	(241)
Consolidated net (loss) income before income taxes	$ (122)	$ 22

SEGMENT REPORTING (Details Narr

SEGMENT REPORTING (Details Narrative)	3 Months Ended
	Mar. 31, 2022Segments
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
	Mar. 31, 2022	Mar. 31, 2021
Disaggregation of Revenue [Line Items]
Total Revenue	$ 1,751	$ 1,705
Hardware [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	761	697
Monitoring [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	990	1,008
PG [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	1,445	1,458
PG [Member] | Hardware [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	523	517
PG [Member] | Monitoring [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	922	941
CP [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	306	247
CP [Member] | Hardware [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	238	180
CP [Member] | Monitoring [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	$ 68	$ 67

SCHEDULE OF DEFERRED REVENUE AC

SCHEDULE OF DEFERRED REVENUE ACTIVITY (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)
Disaggregation of Revenue [Line Items]
Balance at December 31, 2021	$ 5,393
Additions during the period	1,803
Recognized as revenue	(1,504)
Balance at March 31, 2022	5,692
March 31, 2022	3,652
March 31, 2023	1,550
March 31, 2024 and thereafter	490
Total	5,692
Hardware [Member]
Disaggregation of Revenue [Line Items]
Balance at December 31, 2021	3,268
Additions during the period	791
Recognized as revenue	(514)
Balance at March 31, 2022	3,545
March 31, 2022	1,810
March 31, 2023	1,251
March 31, 2024 and thereafter	484
Total	3,545
Monitoring [Member]
Disaggregation of Revenue [Line Items]
Balance at December 31, 2021	2,125
Additions during the period	1,012
Recognized as revenue	(990)
Balance at March 31, 2022	2,147
March 31, 2022	1,842
March 31, 2023	299
March 31, 2024 and thereafter	6
Total	$ 2,147

SCHEDULE OF DEFERRED CHARGES AC

SCHEDULE OF DEFERRED CHARGES ACTIVITY (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)
Revenue from Contract with Customer [Abstract]
Balance at December 31, 2021	$ 1,513
Additions, net of adjustments, during the period	377
Recognized as cost of sales	(242)
Balance at March 31, 2021	1,648
March 31, 2022	851
March 31, 2023	572	[1]
March 31, 2024 and thereafter	225	[1]
Total	$ 1,648
[1]	Amounts included in other assets in the Company’s unaudited condensed consolidated balance sheets at March 31, 2022.

SCHEDULE OF SALES COMMISSIONS C

SCHEDULE OF SALES COMMISSIONS CONTRACT ASSETS (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)
Disaggregation of Revenue [Line Items]
Balance at December 31, 2021	$ 295
Additions during the period	68
Amortization of sales commissions	(41)
Balance at March 31, 2022	322
Hardware [Member]
Disaggregation of Revenue [Line Items]
Balance at December 31, 2021	242
Additions during the period	57
Amortization of sales commissions	(35)
Balance at March 31, 2022	264
Monitoring [Member]
Disaggregation of Revenue [Line Items]
Balance at December 31, 2021	53
Additions during the period	11
Amortization of sales commissions	(6)
Balance at March 31, 2022	$ 58

REVENUE (Details Narrative)

REVENUE (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Disaggregation of Revenue [Line Items]
Revenue	$ 1,751,000	$ 1,705,000
Cost of Goods and Services Sold	493,000	$ 495,000
Other Assets, Current	208,000		$ 229,000
Capitalized Sales Commissions [Member]
Disaggregation of Revenue [Line Items]
Other Assets, Current	152,000		138,000
Other Assets	170,000		$ 157,000
Other Revenue Related to Accessories, Repairs and Other Miscellaneous Charges [Member]
Disaggregation of Revenue [Line Items]
Revenue	247,000
Other COGS and Miscellaneous Charges [Member]
Disaggregation of Revenue [Line Items]
Cost of Goods and Services Sold	174,000
Monitoring Services [Member]
Disaggregation of Revenue [Line Items]
Cost of Goods and Services Sold	$ 77,000