ACORN ENERGY INC
For the period ended Dec 31, 2023. Filed Mar 7, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Mar 7, 2024
ACFN$15.26-1.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. Consolidated Statements of Cash Flows
(IN THOUSANDS)
| Year ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Cash flows provided by operating activities: | ||
| Net income (loss) | $129 | $(631) |
| Depreciation and amortization | 161 | 122 |
| Impairment of software | — | 51 |
| Impairment of inventory | 8 | 41 |
| Non-cash lease expense | 128 | 124 |
| Stock-based compensation | 55 | 80 |
| Change in operating assets and liabilities: | ||
| Decrease in accounts receivable | 61 | 279 |
| Increase in inventory | (181) | (213) |
| Decrease (increase) in deferred cost of goods sold | 409 | (181) |
| Decrease (increase) in other current assets and other assets | 49 | (105) |
| (Decrease) increase in deferred revenue | (587) | 778 |
| Decrease in operating lease liability | (138) | (130) |
| Decrease in accounts payable, accrued expenses, other current liabilities and non-current liabilities | (22) | (184) |
| Net cash provided by operating activities | 72 | 31 |
| Cash flows used in investing activities: | ||
| Investments in technology | (76) | (292) |
| Other capital investments | (2) | (16) |
| Net cash used in investing activities | (78) | (308) |
| Cash flows provided by financing activities: | ||
| Warrant exercise proceeds | 5 | — |
| Stock option exercise proceeds | — | 5 |
| Net cash provided by financing activities | 5 | 5 |
| Net decrease in cash | (1) | (272) |
| Cash at the beginning of the year | 1,450 | 1,722 |
| Cash at the end of the year | $1,449 | $1,450 |
| Supplemental cash flow information: | ||
| Cash paid during the year for: | ||
| Interest | $3 | $2 |
| Income taxes | $— | $— |
| Non-cash investing and financing activities: | ||
| Accrued preferred dividends to former CEO of OmniMetrix (see Note 3) | $4 | $4 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.