Acorn Energy (ACFN) 10-Q 12 Aug 22 2022 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2022	Aug. 09, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2022
Document Fiscal Period Focus	Q2
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 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 ($)	Jun. 30, 2022	Dec. 31, 2021
Current assets:
Cash	$ 1,259,000	$ 1,722,000
Accounts receivable, net	584,000	876,000
Inventory, net	915,000	617,000
Deferred cost of goods sold	858,000	799,000
Other current assets	221,000	229,000
Total current assets	3,837,000	4,243,000
Property and equipment, net	687,000	517,000
Right-of-use assets, net	349,000	399,000
Deferred cost of goods sold	772,000	714,000
Other assets	178,000	169,000
Total assets	5,823,000	6,042,000
Current liabilities:
Accounts payable	340,000	457,000
Accrued expenses	156,000	164,000
Deferred revenue	3,642,000	3,541,000
Current operating lease liabilities	111,000	107,000
Other current liabilities	43,000	34,000
Total current liabilities	4,292,000	4,303,000
Long-term liabilities:
Deferred revenue	1,993,000	1,852,000
Long-term operating lease liabilities	279,000	336,000
Other long-term liabilities	14,000	12,000
Total long-term liabilities	2,286,000	2,200,000
Commitments and contingencies (Note 5)
Acorn Energy, Inc. shareholders
Common stock - $0.01 par value per share: Authorized – 42,000,000 shares; Issued – 39,687,589 shares at June 30, 2022 and December 31, 2021	397,000	397,000
Additional paid-in capital	102,857,000	102,804,000
Accumulated deficit	(100,980,000)	(100,634,000)
Treasury stock, at cost – 801,920 shares at June 30, 2022 and December 31, 2021	(3,036,000)	(3,036,000)
Total Acorn Energy, Inc. shareholders’ deficit	(762,000)	(469,000)
Non-controlling interest	7,000	8,000
Total deficit	(755,000)	(461,000)
Total liabilities and deficit	$ 5,823,000	$ 6,042,000

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Jun. 30, 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			6 Months Ended
	Jun. 30, 2022		Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Statement [Abstract]
Revenue	$ 1,621		$ 1,611	$ 3,372	$ 3,316
Cost of sales	375		389	868	884
Gross profit	1,246		1,222	2,504	2,432
Operating expenses:
Research and development expense	212		175	410	353
Selling, general and administrative expense	1,205		1,042	2,387	2,048
Impairment of software	51			51
Total operating expenses	1,468		1,217	2,848	2,401
Operating (loss) income	(222)		5	(344)	31
Finance expense, net	(1)		(1)	(1)	(5)
(Loss) income before income taxes	(223)		4	(345)	26
Income tax expense
Net (loss) income	(223)		4	(345)	26
Non-controlling interest share of net income		[1]	(2)	(1)	(4)
Net (loss) income attributable to Acorn Energy, Inc. shareholders	$ (223)		$ 2	$ (346)	$ 22
Basic and diluted net (loss) income per share attributable to Acorn Energy, Inc. shareholders:	$ (0.01)		$ 0	$ (0.01)	$ 0
Weighted average number of shares outstanding attributable to Acorn Energy, Inc. shareholders – basic and diluted
Basic	39,688		39,688	39,688	39,688
Diluted	39,688		39,936	39,688	39,914
[1]Less than $1

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]
Balances as of March 31, 2021 at Dec. 31, 2020	$ (519)	$ 397	$ 102,729	$ (100,613)	$ (3,036)	$ (523)	$ 4
Beginning balance, shares at Dec. 31, 2020		39,688			802
Net income (loss)	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
Ending balance, shares at Mar. 31, 2021		39,688			802
Balances as of March 31, 2021 at Dec. 31, 2020	(519)	$ 397	102,729	(100,613)	$ (3,036)	(523)	4
Beginning balance, shares at Dec. 31, 2020		39,688			802
Net income (loss)	26
Ending balance at Jun. 30, 2021	(459)	$ 397	102,765	(100,591)	$ (3,036)	(465)	6
Ending balance, shares at Jun. 30, 2021		39,688			802
Balances as of March 31, 2021 at Mar. 31, 2021	(483)	$ 397	102,744	(100,593)	$ (3,036)	(488)	5
Beginning balance, shares at Mar. 31, 2021		39,688			802
Net income (loss)	4			2		2	2
Accrued dividend in OmniMetrix preferred shares	(1)						(1)
Stock option compensation	21		21			21
Ending balance at Jun. 30, 2021	(459)	$ 397	102,765	(100,591)	$ (3,036)	(465)	6
Ending balance, shares at Jun. 30, 2021		39,688			802
Balances as of March 31, 2021 at Dec. 31, 2021	(461)	$ 397	102,804	(100,634)	$ (3,036)	(469)	8
Beginning balance, shares at Dec. 31, 2021		39,688			802
Net income (loss)	(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
Ending balance, shares at Mar. 31, 2022		39,688			802
Balances as of March 31, 2021 at Dec. 31, 2021	(461)	$ 397	102,804	(100,634)	$ (3,036)	(469)	8
Beginning balance, shares at Dec. 31, 2021		39,688			802
Net income (loss)	(345)
Ending balance at Jun. 30, 2022	(755)	$ 397	102,857	(100,980)	$ (3,036)	(762)	7
Ending balance, shares at Jun. 30, 2022		39,688			802
Balances as of March 31, 2021 at Mar. 31, 2022	(553)	$ 397	102,835	(100,757)	$ (3,036)	(561)	8
Beginning balance, shares at Mar. 31, 2022		39,688			802
Net income (loss)	(223)			(223)		(223)		[1]
Accrued dividend in OmniMetrix preferred shares	(1)						(1)
Stock option compensation	22		22			22
Ending balance at Jun. 30, 2022	$ (755)	$ 397	$ 102,857	$ (100,980)	$ (3,036)	$ (762)	$ 7
Ending balance, shares at Jun. 30, 2022		39,688			802
[1]Less than $1

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Cash flows (used in) provided by operating activities:
Net (loss) income	$ (345,000)	$ 26,000
Depreciation and amortization	48,000	37,000
Impairment of software	51,000
Non-cash lease expense	59,000	59,000
Stock-based compensation	53,000	36,000
Change in operating assets and liabilities:
Decrease (increase) in accounts receivable	292,000	(98,000)
Increase in inventory	(298,000)	(127,000)
Increase in deferred cost of goods sold	(117,000)	(33,000)
Increase in other current assets and other assets	(1,000)	(18,000)
Decrease in accounts payable and accrued expenses	(125,000)	(95,000)
Increase in deferred revenue	242,000	165,000
Decrease in operating lease liability	(62,000)	(60,000)
Increase in other current liabilities and non-current liabilities	9,000	1,000
Net cash (used in) provided by operating activities	(194,000)	83,000
Cash flows used in investing activities:
Investments in technology	(266,000)	(42,000)
Other capital investments	(3,000)
Net cash used in investing activities	(269,000)	(42,000)
Cash flows used in financing activities:
Short-term credit, net		(149,000)
Net cash used in financing activities		(149,000)
Net decrease in cash	(463,000)	(108,000)
Cash at the beginning of the year	1,722,000	2,063,000
Cash at the end of the period	1,259,000	1,955,000
Cash paid during the year for:
Interest	1,000	4,000
Non-cash investing and financing activities:
Accrued preferred dividends to former Acorn director and/or former OmniMetrix CEO	$ 2,000	$ 2,000

BASIS OF PRESENTATION

BASIS OF PRESENTATION	6 Months Ended
	Jun. 30, 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. 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 six- and three-month periods ended June 30, 2022 are not necessarily indicative of the results that may be expected for the year ending December 31, 2022. All dollar amounts are rounded to the nearest thousand and, thus, are approximate. 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	6 Months Ended
	Jun. 30, 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 $ 1,259,000 10 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) income per share if doing so would be antidilutive. For both the six- and three-month periods ending June 30, 2022, the number of options that were excluded from the computation of diluted net loss, as they had an antidilutive effect, was 979,000 0.41 35,000 0.13 286,000 0.79 321,000 0.76 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 2022 2021 Six months ended June 30, Three months ended June 30, 2022 2021 2022 2021 Net (loss) income available to common stockholders $ (346 ) $ 22 $ (223 ) $ 2 Weighted average share outstanding: Basic 39,688 39,688 39,688 39,688 Add: Warrants — 27 — 27 Add: Stock options — 199 — 221 Diluted 39,688 39,914 39,688 39,936 Basic and diluted net (loss) income per share $ (0.01 ) $ 0.00 $ (0.01 ) $ 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 six- and three-month periods ended June 30, 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 condensed consolidated financial statements and related disclosures.

LIQUIDITY

LIQUIDITY	6 Months Ended
	Jun. 30, 2022
Liquidity
LIQUIDITY	NOTE 3— LIQUIDITY At June 30, 2022, the Company had negative working capital of $ 455,000 1,259,000 3,642,000 463,000 194,000 269,000 During the first six months of 2022, the Company’s OmniMetrix, LLC subsidiary provided $ 371,000 565,000 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 August 9, 2022, the Company had cash of $ 1,143,000

LEASES

LEASES	6 Months Ended
	Jun. 30, 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 62,000 60,000 32,000 30,000 4.5 390,000 4.5 Supplemental cash flow information related to leases consisted of the following (in thousands): SCHEDULE OF SUPPLEMENTAL CASH FLOW INFORMATION RELATED TO LEASES June 30, 2022 2021 Cash paid for operating lease liabilities $ 62 $ 60 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 3.23 The table below reconciles the undiscounted future minimum lease payments under non-cancelable lease agreements having initial terms of more than one year to the total operating lease liabilities recognized on the unaudited condensed consolidated balance sheet as of June 30, 2022 (in thousands): SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS Twelve-month period ended June 30, 2023 $ 126 2024 129 2025 131 2026 33 Total undiscounted cash flows 419 Less: Imputed interest (29 ) Present value of operating lease liabilities (a) $ 390 (a) Includes current portion of $ 111,000 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 SCHEDULE OF SUBLEASE Twelve-month period ended June 30, 2023 $ 26 2024 26 2025 26 2026 7 Total undiscounted cash flows $ 85

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 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 $ 419,000 28,000 920,000

EQUITY

EQUITY	6 Months Ended
	Jun. 30, 2022
Equity [Abstract]
EQUITY	NOTE 6— EQUITY (a) General At June 30, 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 a three-year period from the date of the grant. At June 30, 2022, 1,434,850 During the three months ended June 30, 2022, 50,000 30,000 35,000 50,000 30,770 no No 126,000 114,000 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, 2021 833,020 $ 0.39 4.7 $ 291,000 Granted 145,770 0.55 Exercised — — Forfeited or expired — — Outstanding at June 30, 2022 978,790 $ 0.41 4.6 $ 126,000 Exercisable at June 30, 2022 737,579 $ 0.38 4.1 $ 114,000 The fair value of the options granted of $54,000 was estimated on the grant date using the Black-Scholes option-pricing model with the following weighted average assumptions: SCHEDULE OF STOCK OPTIONS FAIR VALUE ASSUMPTIONS ESTIMATED USING BLACK-SCHOLES PRICING MODEL Risk-free interest rate 1.8 % Expected term of options 3.9 Expected annual volatility 93.6 % 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 $ 53,000 36,000 22,000 21,000 The total compensation cost related to non-vested awards not yet recognized was $ 59,000 (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, 2021 35,000 $ 0.13 14.5 Granted — — Exercised — — Forfeited or expired — — Outstanding at June 30, 2022 35,000 $ 0.13 8.5

SEGMENT REPORTING

SEGMENT REPORTING	6 Months Ended
	Jun. 30, 2022
Segment Reporting [Abstract]
SEGMENT REPORTING	NOTE 7— SEGMENT REPORTING As of June 30, 2022, the Company operates in two ● The PG (Power Generation) (“PG”) 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) (“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 six-month and three-month periods ended June 30, 2022 and 2021 (in thousands): SUMMARY OF SEGMENTED DATA PG CP Total Six months ended June 30, 2022: Revenues from external customers $ 2,825 $ 547 $ 3,372 Segment gross profit 2,164 340 2,504 Depreciation and amortization 41 8 49 Segment income (loss) before income taxes* * $ 262 $ (45 ) $ 217 Six months ended June 30, 2021: Revenues from external customers $ 2,837 $ 479 $ 3,316 Segment gross profit 2,150 282 2,432 Depreciation and amortization 32 5 37 Segment income (loss) before income taxes $ 510 $ (17 ) $ 493 Three months ended June 30, 2022: Revenues from external customers $ 1,380 $ 241 $ 1,621 Segment gross profit 1,091 155 1,246 Depreciation and amortization 24 5 29 Segment income (loss) before income taxes* * $ 73 $ (24 ) $ 49 Three months ended June 30, 2021: Revenues from external customers $ 1,379 $ 232 $ 1,611 Segment gross profit 1,082 140 1,222 Depreciation and amortization 19 3 22 Segment income (loss) before income taxes $ 234 $ (4 ) $ 230 * The software impairment of $ 51,000 is not related to a specific segment and, thus, is not included in the “Segment income (loss) before income taxes” for the six and three months ended June 30, 2022. 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 (Loss) Income to Consolidated Net (Loss) Income Before Income Taxes SCHEDULE OF RECONCILIATION OF SEGMENT DATA TO CONSOLIDATED NET INCOME LOSS BEFORE INCOME TAXES Six months ended June 30, Three months ended June 30, 2022 2021 2022 2021 Total net income before income taxes for reportable segments* * $ 217 $ 493 $ 49 $ 230 Unallocated cost of corporate headquarters (510 ) (467 ) (220 ) (226 ) Consolidated net (loss) income before income taxes $ (293 ) $ 26 $ (171 ) $ 4 * The software impairment of $ 51,000

REVENUE

REVENUE	6 Months Ended
	Jun. 30, 2022
Revenue from Contract with Customer [Abstract]
REVENUE	NOTE 8— REVENUE The following table disaggregates the Company’s revenue for the six-month and three-month periods ended June 30, 2022 and 2021 (in thousands): SCHEDULE OF DISAGGREGATES OF REVENUE Hardware Monitoring Total Six months ended June 30, 2022: PG Segment $ 1,002 $ 1,823 $ 2,825 CP Segment 414 133 547 Total Revenue $ 1,416 $ 1,956 $ 3,372 Hardware Monitoring Total Six months ended June 30, 2021: PG Segment $ 942 $ 1,895 $ 2,837 CP Segment 349 130 479 Total Revenue $ 1,291 $ 2,025 $ 3,316 Hardware Monitoring Total Three months ended June 30, 2022: PG Segment $ 479 $ 901 $ 1,380 CP Segment 176 65 241 Total Revenue $ 655 $ 966 $ 1,621 Hardware Monitoring Total Three months ended June 30, 2021: PG Segment $ 425 $ 954 $ 1,379 CP Segment 169 63 232 Total Revenue $ 594 $ 1,017 $ 1,611 Deferred revenue activity for the six months ended June 30, 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 1,282 1,943 3,225 Recognized as revenue (1,027 ) (1,956 ) (2,983 ) Balance at June 30, 2022 $ 3,523 $ 2,112 $ 5,635 Amounts to be recognized as revenue in the twelve-month-period ending: June 30, 2023 $ 1,839 $ 1,803 $ 3,642 June 30, 2024 1,270 304 1,574 June 30, 2025 and thereafter 414 5 419 Total $ 3,523 $ 2,112 $ 5,635 Other revenue of $ 389,000 Deferred charges relate only to the sale of equipment. Deferred charges activity for the six months ended June 30, 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 601 Recognized as cost of sales (484 ) Balance at June 30, 2022 $ 1,630 Amounts to be recognized as cost of sales in the twelve-month-period ending: June 30, 2023 $ 858 June 30, 2024 581 * June 30, 2025 and thereafter 191 * $ 1,630 Other cost of goods sold (COGS) recognized of $ 227,000 157,000 The following table provides a reconciliation of the Company’s sales commissions contract assets for the six-month period ended June 30, 2022 (in thousands): SCHEDULE OF SALES COMMISSIONS CONTRACT ASSETS Hardware Monitoring Total Balance at December 31, 2021 $ 242 $ 53 $ 295 Additions during the period 94 20 114 Amortization of sales commissions (71 ) (13 ) (84 ) Balance at June 30, 2022 $ 265 $ 60 $ 325 The capitalized sales commissions are included in other current assets ($ 159,000 166,000 138,000 157,000

RELATED PARTY BALANCES AND TRAN

RELATED PARTY BALANCES AND TRANSACTIONS	6 Months Ended
	Jun. 30, 2022
Related Party Transactions [Abstract]
RELATED PARTY BALANCES AND TRANSACTIONS	NOTE 9— RELATED PARTY BALANCES AND TRANSACTIONS Officer and Director Fees The Company recorded fees to officers of $ 261,000 256,000 131,000 129,000 The Company recorded fees to directors of $ 30,000 15,000 Intercompany The related party balance due to Acorn from OmniMetrix for amounts loaned, accrued interest and expenses paid by Acorn on OmniMetrix’s behalf was $ 3,661,000 4,217,000 556,000 780,000 89,000 38,000 97,000 157,000 345,000 104,000 38,000 46,000

ACCOUNTING POLICIES (Policies)

ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 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 $ 1,259,000 10
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) income per share if doing so would be antidilutive. For both the six- and three-month periods ending June 30, 2022, the number of options that were excluded from the computation of diluted net loss, as they had an antidilutive effect, was 979,000 0.41 35,000 0.13 286,000 0.79 321,000 0.76 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 2022 2021 Six months ended June 30, Three months ended June 30, 2022 2021 2022 2021 Net (loss) income available to common stockholders $ (346 ) $ 22 $ (223 ) $ 2 Weighted average share outstanding: Basic 39,688 39,688 39,688 39,688 Add: Warrants — 27 — 27 Add: Stock options — 199 — 221 Diluted 39,688 39,914 39,688 39,936 Basic and diluted net (loss) income per share $ (0.01 ) $ 0.00 $ (0.01 ) $ 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 six- and three-month periods ended June 30, 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 condensed consolidated financial statements and related disclosures.

ACCOUNTING POLICIES (Tables)

ACCOUNTING POLICIES (Tables)	6 Months Ended
	Jun. 30, 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 2022 2021 Six months ended June 30, Three months ended June 30, 2022 2021 2022 2021 Net (loss) income available to common stockholders $ (346 ) $ 22 $ (223 ) $ 2 Weighted average share outstanding: Basic 39,688 39,688 39,688 39,688 Add: Warrants — 27 — 27 Add: Stock options — 199 — 221 Diluted 39,688 39,914 39,688 39,936 Basic and diluted net (loss) income per share $ (0.01 ) $ 0.00 $ (0.01 ) $ 0.00

LEASES (Tables)

LEASES (Tables)	6 Months Ended
	Jun. 30, 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 June 30, 2022 2021 Cash paid for operating lease liabilities $ 62 $ 60
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 3.23
SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS	The table below reconciles the undiscounted future minimum lease payments under non-cancelable lease agreements having initial terms of more than one year to the total operating lease liabilities recognized on the unaudited condensed consolidated balance sheet as of June 30, 2022 (in thousands): SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS Twelve-month period ended June 30, 2023 $ 126 2024 129 2025 131 2026 33 Total undiscounted cash flows 419 Less: Imputed interest (29 ) Present value of operating lease liabilities (a) $ 390 (a) Includes current portion of $ 111,000
SCHEDULE OF SUBLEASE	SCHEDULE OF SUBLEASE Twelve-month period ended June 30, 2023 $ 26 2024 26 2025 26 2026 7 Total undiscounted cash flows $ 85

EQUITY (Tables)

EQUITY (Tables)	6 Months Ended
	Jun. 30, 2022
Equity [Abstract]
SUMMARY OF BLACK-SCHOLES OPTION PRICING TO ESTIMATE FAIR VALUE	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, 2021 833,020 $ 0.39 4.7 $ 291,000 Granted 145,770 0.55 Exercised — — Forfeited or expired — — Outstanding at June 30, 2022 978,790 $ 0.41 4.6 $ 126,000 Exercisable at June 30, 2022 737,579 $ 0.38 4.1 $ 114,000
SCHEDULE OF STOCK OPTIONS FAIR VALUE ASSUMPTIONS ESTIMATED USING BLACK-SCHOLES PRICING MODEL	The fair value of the options granted of $54,000 was estimated on the grant date using the Black-Scholes option-pricing model with the following weighted average assumptions: SCHEDULE OF STOCK OPTIONS FAIR VALUE ASSUMPTIONS ESTIMATED USING BLACK-SCHOLES PRICING MODEL Risk-free interest rate 1.8 % Expected term of options 3.9 Expected annual volatility 93.6 % 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, 2021 35,000 $ 0.13 14.5 Granted — — Exercised — — Forfeited or expired — — Outstanding at June 30, 2022 35,000 $ 0.13 8.5

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	6 Months Ended
	Jun. 30, 2022
Segment Reporting [Abstract]
SUMMARY OF SEGMENTED DATA	The following tables represent segmented data for the six-month and three-month periods ended June 30, 2022 and 2021 (in thousands): SUMMARY OF SEGMENTED DATA PG CP Total Six months ended June 30, 2022: Revenues from external customers $ 2,825 $ 547 $ 3,372 Segment gross profit 2,164 340 2,504 Depreciation and amortization 41 8 49 Segment income (loss) before income taxes* * $ 262 $ (45 ) $ 217 Six months ended June 30, 2021: Revenues from external customers $ 2,837 $ 479 $ 3,316 Segment gross profit 2,150 282 2,432 Depreciation and amortization 32 5 37 Segment income (loss) before income taxes $ 510 $ (17 ) $ 493 Three months ended June 30, 2022: Revenues from external customers $ 1,380 $ 241 $ 1,621 Segment gross profit 1,091 155 1,246 Depreciation and amortization 24 5 29 Segment income (loss) before income taxes* * $ 73 $ (24 ) $ 49 Three months ended June 30, 2021: Revenues from external customers $ 1,379 $ 232 $ 1,611 Segment gross profit 1,082 140 1,222 Depreciation and amortization 19 3 22 Segment income (loss) before income taxes $ 234 $ (4 ) $ 230 * The software impairment of $ 51,000 is not related to a specific segment and, thus, is not included in the “Segment income (loss) before income taxes” for the six and three months ended June 30, 2022.
SCHEDULE OF RECONCILIATION OF SEGMENT DATA TO CONSOLIDATED NET INCOME LOSS BEFORE INCOME TAXES	Reconciliation of Segment (Loss) Income to Consolidated Net (Loss) Income Before Income Taxes SCHEDULE OF RECONCILIATION OF SEGMENT DATA TO CONSOLIDATED NET INCOME LOSS BEFORE INCOME TAXES Six months ended June 30, Three months ended June 30, 2022 2021 2022 2021 Total net income before income taxes for reportable segments* * $ 217 $ 493 $ 49 $ 230 Unallocated cost of corporate headquarters (510 ) (467 ) (220 ) (226 ) Consolidated net (loss) income before income taxes $ (293 ) $ 26 $ (171 ) $ 4 * The software impairment of $ 51,000

REVENUE (Tables)

REVENUE (Tables)	6 Months Ended
	Jun. 30, 2022
Revenue from Contract with Customer [Abstract]
SCHEDULE OF DISAGGREGATES OF REVENUE	The following table disaggregates the Company’s revenue for the six-month and three-month periods ended June 30, 2022 and 2021 (in thousands): SCHEDULE OF DISAGGREGATES OF REVENUE Hardware Monitoring Total Six months ended June 30, 2022: PG Segment $ 1,002 $ 1,823 $ 2,825 CP Segment 414 133 547 Total Revenue $ 1,416 $ 1,956 $ 3,372 Hardware Monitoring Total Six months ended June 30, 2021: PG Segment $ 942 $ 1,895 $ 2,837 CP Segment 349 130 479 Total Revenue $ 1,291 $ 2,025 $ 3,316 Hardware Monitoring Total Three months ended June 30, 2022: PG Segment $ 479 $ 901 $ 1,380 CP Segment 176 65 241 Total Revenue $ 655 $ 966 $ 1,621 Hardware Monitoring Total Three months ended June 30, 2021: PG Segment $ 425 $ 954 $ 1,379 CP Segment 169 63 232 Total Revenue $ 594 $ 1,017 $ 1,611
SCHEDULE OF DEFERRED REVENUE ACTIVITY	Deferred revenue activity for the six months ended June 30, 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 1,282 1,943 3,225 Recognized as revenue (1,027 ) (1,956 ) (2,983 ) Balance at June 30, 2022 $ 3,523 $ 2,112 $ 5,635 Amounts to be recognized as revenue in the twelve-month-period ending: June 30, 2023 $ 1,839 $ 1,803 $ 3,642 June 30, 2024 1,270 304 1,574 June 30, 2025 and thereafter 414 5 419 Total $ 3,523 $ 2,112 $ 5,635
SCHEDULE OF DEFERRED CHARGES ACTIVITY	Deferred charges relate only to the sale of equipment. Deferred charges activity for the six months ended June 30, 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 601 Recognized as cost of sales (484 ) Balance at June 30, 2022 $ 1,630 Amounts to be recognized as cost of sales in the twelve-month-period ending: June 30, 2023 $ 858 June 30, 2024 581 * June 30, 2025 and thereafter 191 * $ 1,630
SCHEDULE OF SALES COMMISSIONS CONTRACT ASSETS	The following table provides a reconciliation of the Company’s sales commissions contract assets for the six-month period ended June 30, 2022 (in thousands): SCHEDULE OF SALES COMMISSIONS CONTRACT ASSETS Hardware Monitoring Total Balance at December 31, 2021 $ 242 $ 53 $ 295 Additions during the period 94 20 114 Amortization of sales commissions (71 ) (13 ) (84 ) Balance at June 30, 2022 $ 265 $ 60 $ 325

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		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Accounting Policies [Abstract]
Net (loss) income available to common stockholders	$ (223)	$ 2	$ (346)	$ 22
Weighted average share outstanding:
Basic	39,688	39,688	39,688	39,688
Add: Warrants		27		27
Add: Stock options		221		199
Diluted	39,688	39,936	39,688	39,914
Basic and diluted net (loss) income per share	$ (0.01)	$ 0	$ (0.01)	$ 0

ACCOUNTING POLICIES (Details Na

ACCOUNTING POLICIES (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Product Information [Line Items]
Cash and cash equivalents	$ 1,259,000		$ 1,259,000		$ 1,722,000
Stock Options [Member]
Product Information [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	979,000	321,000	979,000	286,000
Weighted average exercise price of options and warrants	$ 0.41		$ 0.41
Warrant [Member]
Product Information [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	35,000		35,000
Weighted average exercise price of options and warrants	$ 0.13	$ 0.76	$ 0.13	$ 0.79
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Minimum [Member]
Product Information [Line Items]
Concentration risk, percentage			10%

LIQUIDITY (Details Narrative)

LIQUIDITY (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Working capital	$ 455,000
Cash and cash equivalents, at carrying value	1,259,000		$ 1,722,000
Deferred revenue, current	3,642,000		$ 3,541,000
Cash, cash equivalents, restricted cash, and restricted cash equivalents, period increase (decrease), including exchange rate effect	463,000	$ 108,000
Net cash provided by (used in) investing activities	269,000	$ 42,000
Income loss from subsidiary operations	565,000
Cash	1,143,000
Subsidiaries [Member]
Subsidiary Operations	371,000
OmniMetrix, LLC [Member]
Income (loss) from continuing operations, net of tax, attributable to parent	$ 194,000

SCHEDULE OF SUPPLEMENTAL CASH F

SCHEDULE OF SUPPLEMENTAL CASH FLOW INFORMATION RELATED TO LEASES (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Leases
Cash paid for operating lease liabilities	$ 62	$ 60

SCHEDULE OF SUPPLEMENTAL BALANC

SCHEDULE OF SUPPLEMENTAL BALANCE SHEET INFORMATION RELATED TO LEASES (Details)	Jun. 30, 2022
Leases
Weighted average remaining lease terms for operating leases	3 years 2 months 23 days

SCHEDULE OF FUTURE MINIMUM LEAS

SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS (Details)	Jun. 30, 2022 USD ($)
Leases
2023	$ 126,000
2024	129,000
2025	131,000
2026	33,000
Total undiscounted cash flows	419,000
Less: Imputed interest	(29,000)
Present value of operating lease liabilities (a)	$ 390,000

SCHEDULE OF FUTURE MINIMUM LE_2

SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS (Details) (Parenthetical) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Leases
Current operating lease	$ 111,000	$ 107,000

SCHEDULE OF SUBLEASE (Details)

SCHEDULE OF SUBLEASE (Details) $ in Thousands	Jun. 30, 2022 USD ($)
Leases
2023	$ 26
2024	26
2025	26
2026	7
Total undiscounted cash flows	$ 85

LEASES (Details Narrative)

LEASES (Details Narrative)		1 Months Ended	3 Months Ended		6 Months Ended
	Jul. 06, 2021 USD ($) ft²	Apr. 30, 2019	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Lessee, operating lease, discount rate			4.50%		4.50%
Operating lease, liability			$ 390,000		$ 390,000
Sublease payments	$ 2,375
Leasehold Improvements, Gross	7,000
Estimated Sublease Payments	$ 6,700
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 was entered into in April 2019 and has a sixty-month term
Operating lease, payments			$ 32,000	$ 30,000	$ 62,000	$ 60,000

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)		6 Months Ended
	Aug. 19, 2019	Jun. 30, 2022
Master Services Agreement [Member]
Operating lease obligations payable		$ 419,000
Operating leases and contractual services		28,000
Commitment payable		$ 920,000
OmniMetrix, LLC [Member]
Monthly payments	$ 200,000
Quarterly licensing fee	12,500
Quarterly increments	4,450
Annual licensing fee	$ 17,800
Omnimetrix [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 ($)	6 Months Ended	12 Months Ended
	Jun. 30, 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 7 months 6 days	4 years 8 months 12 days
Aggregate intrinsic value at beginning of year	$ 291,000
Number of Options (in shares), Granted at market price	145,770
Weighted Average Exercise Price Per Share, Granted	$ 0.55
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	978,790	833,020
Weighted Average Exercise Price Per Share, Outstanding at end of year	$ 0.41	$ 0.39
Aggregate intrinsic value at end of year	$ 126,000	$ 291,000
Number of Options (in shares), Exercisable at end of year	737,579
Weighted Average Exercise Price Per Share, Exercisable at end of year	$ 0.38
Weighted average remaining contractual life at exercisable at end of year	4 years 1 month 6 days
Aggregate intrinsic value at exercisable	$ 114,000

SCHEDULE OF STOCK OPTIONS FAIR

SCHEDULE OF STOCK OPTIONS FAIR VALUE ASSUMPTIONS ESTIMATED USING BLACK-SCHOLES PRICING MODEL (Details)	6 Months Ended
	Jun. 30, 2022
Equity [Abstract]
Risk-free interest rate	1.80%
Expected term of options, in years	3 years 10 months 24 days
Expected annual volatility	93.60%
Expected dividend yield

SUMMARY OF WARRANT ACTIVITY (De

SUMMARY OF WARRANT ACTIVITY (Details) - Warrant [Member] - $ / shares	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
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	8 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
Number of Warrants (in Shares), Forfeited or expired
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		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Subsidiary, Sale of Stock [Line Items]
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			145,770
Number of options exercised
Intrinsic value of options outstanding	$ 126,000		$ 126,000		$ 291,000
Intrinsic value of options exercisable	114,000		114,000
Compensation cost, non-vested awards not yet recognized	59,000		59,000
Selling, General and Administrative Expenses [Member]
Subsidiary, Sale of Stock [Line Items]
Stock based compensation expense	$ 22,000	$ 21,000	$ 53,000	$ 36,000
Non Employee Stock Option [Member]
Subsidiary, Sale of Stock [Line Items]
Number of options exercised	0		0
Chief Financial Officer [Member]
Subsidiary, Sale of Stock [Line Items]
Number of options granted during period	50,000		50,000
Director [Member]
Subsidiary, Sale of Stock [Line Items]
Number of options granted during period			30,000
Chief Executive Officer [Member]
Subsidiary, Sale of Stock [Line Items]
Number of options granted during period			35,000
Other Employees [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		0
Amended and Restated 2006 Stock Incentive Plan [Member]
Subsidiary, Sale of Stock [Line Items]
Number of options available for grant	1,434,850		1,434,850

SUMMARY OF SEGMENTED DATA (Deta

SUMMARY OF SEGMENTED DATA (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2022		Jun. 30, 2021	Jun. 30, 2022		Jun. 30, 2021
Segment Reporting Information [Line Items]
Revenues from external customers	$ 1,621		$ 1,611	$ 3,372		$ 3,316
Segment gross profit	1,246		1,222	2,504		2,432
Depreciation and amortization	29		22	49		37
Segment income (loss) before income taxes	49	[1]	230	217	[1]	493
PG [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	1,380		1,379	2,825		2,837
Segment gross profit	1,091		1,082	2,164		2,150
Depreciation and amortization	24		19	41		32
Segment income (loss) before income taxes	73	[1]	234	262	[1]	510
CP [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	241		232	547		479
Segment gross profit	155		140	340		282
Depreciation and amortization	5		3	8		5
Segment income (loss) before income taxes	$ (24)	[1]	$ (4)	$ (45)	[1]	$ (17)
[1]The software impairment of $ 51,000 is not related to a specific segment and, thus, is not included in the “Segment income (loss) before income taxes” for the six and three months ended June 30, 2022.

SUMMARY OF SEGMENTED DATA (De_2

SUMMARY OF SEGMENTED DATA (Details) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2022
Segment Reporting [Abstract]
Segment income before income taxes	$ 51,000	$ 51,000

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		6 Months Ended
		Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Segment Reporting [Abstract]
Total net income before income taxes for reportable segments*	[1]	$ 49	$ 230	$ 217	$ 493
Unallocated cost of corporate headquarters		(220)	(226)	(510)	(467)
Consolidated net (loss) income before income taxes		$ (171)	$ 4	$ (293)	$ 26
[1]The software impairment of $ 51,000

SCHEDULE OF RECONCILIATION OF_2

SCHEDULE OF RECONCILIATION OF SEGMENT DATA TO CONSOLIDATED NET INCOME LOSS BEFORE INCOME TAXES (Details) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2022
Segment Reporting [Abstract]
Segment income before income taxes	$ 51,000	$ 51,000

SEGMENT REPORTING (Details Narr

SEGMENT REPORTING (Details Narrative)	6 Months Ended
	Jun. 30, 2022 Segments
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		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Disaggregation of Revenue [Line Items]
Total Revenue	$ 1,621	$ 1,611	$ 3,372	$ 3,316
Hardware [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	655	594	1,416	1,291
Monitoring [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	966	1,017	1,956	2,025
PG [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	1,380	1,379	2,825	2,837
PG [Member] | Hardware [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	479	425	1,002	942
PG [Member] | Monitoring [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	901	954	1,823	1,895
CP [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	241	232	547	479
CP [Member] | Hardware [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	176	169	414	349
CP [Member] | Monitoring [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	$ 65	$ 63	$ 133	$ 130

SCHEDULE OF DEFERRED REVENUE AC

SCHEDULE OF DEFERRED REVENUE ACTIVITY (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2022 USD ($)
Disaggregation of Revenue [Line Items]
Balance at December 31, 2021	$ 5,393
Additions during the period	3,225
Recognized as revenue	(2,983)
Balance at June 30, 2022	5,635
June 30, 2023	3,642
June 30, 2024	1,574
June 30, 2025 and thereafter	419
Total	5,635
Hardware [Member]
Disaggregation of Revenue [Line Items]
Balance at December 31, 2021	3,268
Additions during the period	1,282
Recognized as revenue	(1,027)
Balance at June 30, 2022	3,523
June 30, 2023	1,839
June 30, 2024	1,270
June 30, 2025 and thereafter	414
Total	3,523
Monitoring [Member]
Disaggregation of Revenue [Line Items]
Balance at December 31, 2021	2,125
Additions during the period	1,943
Recognized as revenue	(1,956)
Balance at June 30, 2022	2,112
June 30, 2023	1,803
June 30, 2024	304
June 30, 2025 and thereafter	5
Total	$ 2,112

SCHEDULE OF DEFERRED CHARGES AC

SCHEDULE OF DEFERRED CHARGES ACTIVITY (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2022 USD ($)
Revenue from Contract with Customer [Abstract]
Balance at December 31, 2021	$ 1,513
Additions, net of adjustments, during the period	601
Recognized as cost of sales	(484)
Balance at June 30, 2022	1,630
June 30, 2023	858
June 30, 2024	581
June 30, 2025 and thereafter	191
Total	$ 1,630

SCHEDULE OF SALES COMMISSIONS C

SCHEDULE OF SALES COMMISSIONS CONTRACT ASSETS (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2022 USD ($)
Disaggregation of Revenue [Line Items]
Balance at December 31, 2021	$ 295
Additions during the period	114
Amortization of sales commissions	(84)
Balance at June 30, 2022	325
Hardware [Member]
Disaggregation of Revenue [Line Items]
Balance at December 31, 2021	242
Additions during the period	94
Amortization of sales commissions	(71)
Balance at June 30, 2022	265
Monitoring [Member]
Disaggregation of Revenue [Line Items]
Balance at December 31, 2021	53
Additions during the period	20
Amortization of sales commissions	(13)
Balance at June 30, 2022	$ 60

REVENUE (Details Narrative)

REVENUE (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Disaggregation of Revenue [Line Items]
Revenue	$ 1,621,000	$ 1,611,000	$ 3,372,000	$ 3,316,000
Cost of Goods and Services Sold	375,000	$ 389,000	868,000	$ 884,000
Other assets, current	221,000		221,000		$ 229,000
Capitalized Sales Commissions [Member]
Disaggregation of Revenue [Line Items]
Other assets, current	159,000		159,000		138,000
Other Assets	$ 166,000		166,000		$ 157,000
Other Revenue Related to Accessories, Repairs and Other Miscellaneous Charges [Member]
Disaggregation of Revenue [Line Items]
Revenue			389,000
Other COGS and Miscellaneous Charges [Member]
Disaggregation of Revenue [Line Items]
Cost of Goods and Services Sold			227,000
Monitoring Services [Member]
Disaggregation of Revenue [Line Items]
Cost of Goods and Services Sold			$ 157,000

RELATED PARTY BALANCES AND TR_2

RELATED PARTY BALANCES AND TRANSACTIONS (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
OmniMetrix, LLC [Member]
Related Party Transaction [Line Items]
Due from related party	$ 3,661,000		$ 3,661,000		$ 4,217,000
Increase decrease in related parties			556,000	$ 157,000
Repayment of related party debt			780,000	345,000
Interest			89,000	104,000
Dividends			38,000	38,000
Related party expenses paid			97,000	46,000
Officer [Member]
Related Party Transaction [Line Items]
Consulting and other fees to officer	131,000	$ 129,000	261,000	256,000
Director [Member]
Related Party Transaction [Line Items]
Consulting and other fees to directors	$ 15,000	$ 15,000	$ 30,000	$ 30,000