v3.25.2

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2025	Dec. 31, 2024
Current assets:
Cash	$ 3,253,000	$ 2,326,000
Accounts receivable, net	2,140,000	1,933,000
Inventory	953,000	436,000
Other current assets	262,000	288,000
State income tax receivable		10,000
Deferred cost of goods sold (COGS)	223,000	406,000
Total current assets	6,831,000	5,399,000
Property and equipment, net	447,000	505,000
Right-of-use assets	1,048,000	84,000
Deferred COGS	2,000	70,000
Other assets	94,000	103,000
Deferred tax assets	4,115,000	4,435,000
Total assets	12,537,000	10,596,000
Current liabilities:
Accounts payable	424,000	297,000
Accrued expenses	303,000	290,000
Deferred revenue	3,155,000	3,521,000
Current operating lease liabilities	90,000	98,000
Other current liabilities	84,000	59,000
State income tax payable	46,000	19,000
Total current liabilities	4,102,000	4,284,000
Long-term liabilities:
Deferred revenue	514,000	712,000
Noncurrent operating lease liabilities	973,000
Other long-term liabilities	27,000	24,000
Total liabilities	5,616,000	5,020,000
Commitments and contingencies (Note 7)
Acorn Energy, Inc. stockholders
Common stock - $0.01 par value per share: Authorized - 42,000,000 shares; issued - 2,549,337 at June 30, 2025 and 2,541,308 at December 31, 2024; outstanding - 2,499,159 at June 30, 2025 and 2,491,130 at December 31, 2024	25,000	25,000
Additional paid-in capital	103,546,000	103,405,000
Accumulated stockholders’ deficit	(93,670,000)	(94,854,000)
Treasury stock, at cost – 50,178 shares at June 30, 2025 and December 31, 2024	(3,036,000)	(3,036,000)
Total Acorn Energy, Inc. stockholders’ equity	6,865,000	5,540,000
Non-controlling interests	56,000	36,000
Total equity	6,921,000	5,576,000
Total liabilities and equity	$ 12,537,000	$ 10,596,000

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

ACORN ENERGY, INC. 10-Q