$NEON
Neonode Inc. Stock $neon

$neon Overview Financials Valuation SEC Filings Company Website

2011 Form 10-K Financial Statement

#000121390012001451 Filed on March 30, 2012

Income Statement

Concept	2011	2010 Q4	2010
Revenue	$6.067M	$80.00K	$440.0K
YoY Change	1278.86%
Cost Of Revenue	$908.0K	$60.00K	$268.0K
YoY Change	238.81%
Gross Profit	$5.159M	$30.00K	$172.0K
YoY Change	2899.42%
Gross Profit Margin	85.03%	37.5%	39.09%
Selling, General & Admin	$5.345M	$2.420M	$5.430M
YoY Change	-1.57%	310.17%	175.63%
% of Gross Profit	103.61%	8066.67%	3156.98%
Research & Development	$1.858M	$1.020M	$1.873M
YoY Change	-0.8%	155.0%	87.3%
% of Gross Profit	36.01%	3400.0%	1088.95%
Depreciation & Amortization	$26.00K	$0.00	$11.00K
YoY Change	136.36%	-100.0%	10.0%
% of Gross Profit	0.5%	0.0%	6.4%
Operating Expenses	$7.203M	$3.430M	$9.195M
YoY Change	-21.66%	33.46%	-1.24%
Operating Profit	-$2.044M	-$3.400M	-$9.023M
YoY Change	-77.35%	32.3%	-3.08%
Interest Expense	-$15.02M	-$20.00K	-$20.14M
YoY Change	-25.42%	100.0%	601.74%
% of Operating Profit
Other Income/Expense, Net	-$15.02M	-$1.500M	-$22.56M
YoY Change	-33.4%	-137.31%
Pretax Income	-$16.87M	-$6.990M	-$29.59M
YoY Change	-43.0%	-575.51%	98.32%
Income Tax	$78.00K	$50.00K	$45.00K
% Of Pretax Income
Net Earnings	-$17.15M	-$7.040M	-$31.63M
YoY Change	-45.79%	-578.91%	111.97%
Net Earnings / Revenue	-282.59%	-8800.0%	-7187.73%
Basic Earnings Per Share	-$0.64		-$1.73
Diluted Earnings Per Share	-$6.399M	-$3.520M	-$17.28M
COMMON SHARES
Basic Shares Outstanding	26.78K shares		18.29K shares
Diluted Shares Outstanding

Balance Sheet

Concept	2011	2010 Q4	2010
SHORT-TERM ASSETS
Cash & Short-Term Investments	$12.94M	$910.0K	$910.0K
YoY Change	1321.98%	2933.33%	2933.33%
Cash & Equivalents		$911.0K
Short-Term Investments
Other Short-Term Assets	$120.0K	$160.0K	$90.00K
YoY Change	33.33%	14.29%	-18.18%
Inventory
Prepaid Expenses
Receivables	$3.350M	$151.0K	$170.0K
Other Receivables	$110.0K	$0.00	$60.00K
Total Short-Term Assets	$16.52M	$1.227M	$1.230M
YoY Change	1243.09%	666.88%	668.75%
LONG-TERM ASSETS
Property, Plant & Equipment	$110.0K	$24.00K	$20.00K
YoY Change	450.0%	20.0%	0.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$0.00	$0.00	$0.00
YoY Change		-100.0%	-100.0%
Total Long-Term Assets	$110.0K	$24.00K	$20.00K
YoY Change	450.0%	-52.0%	-60.0%
TOTAL ASSETS
Total Short-Term Assets	$16.52M	$1.227M	$1.230M
Total Long-Term Assets	$110.0K	$24.00K	$20.00K
Total Assets	$16.63M	$1.251M	$1.250M
YoY Change	1230.4%	495.71%	495.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$450.0K	$442.0K	$440.0K
YoY Change	2.27%	-36.86%	-37.14%
Accrued Expenses	$600.0K	$643.0K	$640.0K
YoY Change	-6.25%	-35.05%	-35.35%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$2.770M	$2.770M
YoY Change	-100.0%	669.44%	669.44%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$2.950M	$11.12M	$11.12M
YoY Change	-73.47%	69.44%	69.51%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities	$0.00	$0.00	$0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities	$2.950M	$11.12M	$11.12M
Total Long-Term Liabilities	$0.00	$0.00	$0.00
Total Liabilities	$2.950M	$11.12M	$11.12M
YoY Change	-73.47%	69.44%	69.51%
SHAREHOLDERS EQUITY
Retained Earnings		-$112.2M
YoY Change
Common Stock		$84.00M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$13.67M	-$9.864M	-$9.860M
YoY Change
Total Liabilities & Shareholders Equity	$16.63M	$1.251M	$1.250M
YoY Change	1230.4%	495.71%	495.24%

Cashflow Statement

Concept	2011	2010 Q4	2010
OPERATING ACTIVITIES
Net Income	-$17.15M	-$7.040M	-$31.63M
YoY Change	-45.79%	-578.91%	111.97%
Depreciation, Depletion And Amortization	$26.00K	$0.00	$11.00K
YoY Change	136.36%	-100.0%	10.0%
Cash From Operating Activities	-$3.453M	-$1.740M	-$3.195M
YoY Change	8.08%	346.15%	68.16%
INVESTING ACTIVITIES
Capital Expenditures	$114.0K	$0.00	$14.00K
YoY Change	714.29%	-100.0%	-146.67%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities	-$114.0K	$0.00	-$14.00K
YoY Change	714.29%	-100.0%	-53.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$10.79M		$2.421M
YoY Change	345.56%		132.79%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	$15.51M	2.370M	$4.067M
YoY Change	281.24%	1875.0%	109.64%
NET CHANGE
Cash From Operating Activities	-$3.453M	-1.740M	-$3.195M
Cash From Investing Activities	-$114.0K	0.000	-$14.00K
Cash From Financing Activities	$15.51M	2.370M	$4.067M
Net Change In Cash	$11.94M	630.0K	$858.0K
YoY Change	1291.38%	-325.0%	8480.0%
FREE CASH FLOW
Cash From Operating Activities	-$3.453M	-$1.740M	-$3.195M
Capital Expenditures	$114.0K	$0.00	$14.00K
Free Cash Flow	-$3.567M	-$1.740M	-$3.209M
YoY Change	11.16%	357.89%	71.6%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2011Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	13673000	usd
CY2009Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	-6348000	usd
CY2010Q4	us-gaap	Shares Outstanding SharesOutstanding	0	shares
CY2011Q4	us-gaap	Shares Outstanding SharesOutstanding	0	shares
CY2009Q4	us-gaap	Shares Outstanding SharesOutstanding	0	shares
CY2010Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	21816602	shares
CY2011Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	32778993	shares
CY2011	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	10787000	usd
CY2011	us-gaap	Stock Issued During Period Shares New Issues StockIssuedDuringPeriodSharesNewIssues	0	shares
CY2011	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	515000	usd
CY2011	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	0	shares
CY2010	us-gaap	Adjustments To Additional Paid In Capital Equity Component Of Convertible Debt AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt	19286000	usd
CY2011	us-gaap	Adjustments To Additional Paid In Capital Equity Component Of Convertible Debt AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt	20075000	usd
CY2010	us-gaap	Stock Issued During Period Value Conversion Of Convertible Securities Net Of Adjustments StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments	179000	usd
CY2010	us-gaap	Stock Issued During Period Shares Conversion Of Convertible Securities StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities	0	shares
CY2010	us-gaap	Stock Issued During Period Value Other StockIssuedDuringPeriodValueOther	2421000	usd
CY2010	us-gaap	Stock Issued During Period Shares Other StockIssuedDuringPeriodSharesOther	0	shares
CY2010	us-gaap	Adjustments To Additional Paid In Capital Warrant Issued AdjustmentsToAdditionalPaidInCapitalWarrantIssued	49000	usd
CY2010	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease	33000	usd
CY2011	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease	76000	usd
CY2010	us-gaap	Other Comprehensive Income Loss Net Of Tax Period Increase Decrease OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease	0	usd
CY2011	us-gaap	Other Comprehensive Income Loss Net Of Tax Period Increase Decrease OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease	0	usd
CY2010	us-gaap	Profit Loss ProfitLoss	-31626000	usd
CY2011	us-gaap	Profit Loss ProfitLoss	-17145000	usd
CY2010	us-gaap	Revenues Revenues	440000	usd
CY2011	us-gaap	Revenues Revenues	6067000	usd
CY2010	us-gaap	Cost Of Revenue CostOfRevenue	268000	usd
CY2011	us-gaap	Cost Of Revenue CostOfRevenue	908000	usd
CY2010	us-gaap	Gross Profit GrossProfit	172000	usd
CY2011	us-gaap	Gross Profit GrossProfit	5159000	usd
CY2010	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	1873000	usd
CY2011	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	1858000	usd
CY2010	us-gaap	Other Amortization Of Deferred Charges OtherAmortizationOfDeferredCharges	3168000	usd
CY2011	us-gaap	Other Amortization Of Deferred Charges OtherAmortizationOfDeferredCharges	0	usd
CY2010	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	566000	usd
CY2011	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	1812000	usd
CY2010	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	3588000	usd
CY2011	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	3533000	usd
CY2010	us-gaap	Operating Expenses OperatingExpenses	9195000	usd
CY2011	us-gaap	Operating Expenses OperatingExpenses	7203000	usd
CY2010	us-gaap	Operating Income Loss OperatingIncomeLoss	-9023000	usd
CY2011	us-gaap	Operating Income Loss OperatingIncomeLoss	-2044000	usd
CY2010	us-gaap	Other Nonoperating Expense OtherNonoperatingExpense	179000	usd
CY2011	us-gaap	Other Nonoperating Expense OtherNonoperatingExpense	288000	usd
CY2010	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-22558000	usd
CY2011	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-15023000	usd
CY2010	us-gaap	Gains Losses On Extinguishment Of Debt Before Write Off Of Deferred Debt Issuance Cost GainsLossesOnExtinguishmentOfDebtBeforeWriteOffOfDeferredDebtIssuanceCost	-19963000	usd
CY2011	us-gaap	Gains Losses On Extinguishment Of Debt Before Write Off Of Deferred Debt Issuance Cost GainsLossesOnExtinguishmentOfDebtBeforeWriteOffOfDeferredDebtIssuanceCost	-14735000	usd
CY2010	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-2416000	usd
CY2011	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	usd
CY2010	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	-31581000	usd
CY2011	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	-17067000	usd
CY2010	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	45000	usd
CY2011	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	78000	usd
CY2010	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-1.73
CY2011	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.64
CY2010Q4	us-gaap	Cash Cash	911000	usd
CY2011Q4	us-gaap	Cash Cash	12940000	usd
CY2010Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	911000	usd
CY2011Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	12940000	usd
CY2009Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	28000	usd
CY2010Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	151000	usd
CY2011Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	3345000	usd
CY2010Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	161000	usd
CY2011Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	234000	usd
CY2010Q4	us-gaap	Deferred Finance Costs Current Net DeferredFinanceCostsCurrentNet	4000	usd
CY2011Q4	us-gaap	Deferred Finance Costs Current Net DeferredFinanceCostsCurrentNet	0	usd
CY2010Q4	us-gaap	Assets Current AssetsCurrent	1227000	usd
CY2011Q4	us-gaap	Assets Current AssetsCurrent	16519000	usd
CY2010Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	24000	usd
CY2011Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	108000	usd
CY2010Q4	us-gaap	Assets Assets	1251000	usd
CY2011Q4	us-gaap	Assets Assets	16627000	usd
CY2010Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	442000	usd
CY2011Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	447000	usd
CY2010Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	643000	usd
CY2011Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	601000	usd
CY2010Q4	us-gaap	Convertible Debt Current ConvertibleDebtCurrent	2772000	usd
CY2011Q4	us-gaap	Convertible Debt Current ConvertibleDebtCurrent	0	usd
CY2010Q4	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	540000	usd
CY2011Q4	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	1906000	usd
CY2010Q4	us-gaap	Liabilities Current LiabilitiesCurrent	11115000	usd
CY2011Q4	us-gaap	Liabilities Current LiabilitiesCurrent	2954000	usd
CY2010Q4	us-gaap	Liabilities Liabilities	11115000	usd
CY2011Q4	us-gaap	Liabilities Liabilities	2954000	usd
CY2010Q4	us-gaap	Common Stock Value CommonStockValue	22000	usd
CY2011Q4	us-gaap	Common Stock Value CommonStockValue	33000	usd
CY2010Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	102360000	usd
CY2011Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	142955000	usd
CY2010Q4	us-gaap	Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax	-63000	usd
CY2011Q4	us-gaap	Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax	13000	usd
CY2010Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-112183000	usd
CY2011Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-129328000	usd
CY2010Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
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CY2010Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	848000000	shares
CY2011Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	70000000	shares
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CY2011Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	32778993	shares
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CY2011Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	16627000	usd
CY2010	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	11000	usd
CY2011	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	26000	usd
CY2010	us-gaap	Share Based Compensation ShareBasedCompensation	5430000	usd
CY2011	us-gaap	Share Based Compensation ShareBasedCompensation	550000	usd
CY2010	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	146000	usd
CY2011	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	3228000	usd
CY2010	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	16000	usd
CY2011	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	79000	usd
CY2010	us-gaap	Increase Decrease In Other Accounts Payable And Accrued Liabilities IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities	-414000	usd
CY2011	us-gaap	Increase Decrease In Other Accounts Payable And Accrued Liabilities IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities	322000	usd
CY2010	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	540000	usd
CY2011	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	1366000	usd
CY2010	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-3195000	usd
CY2011	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-3453000	usd
CY2010	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	14000	usd
CY2011	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	114000	usd
CY2010	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-14000	usd
CY2011	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-114000	usd
CY2010	us-gaap	Proceeds From Convertible Debt ProceedsFromConvertibleDebt	1597000	usd
CY2011	us-gaap	Proceeds From Convertible Debt ProceedsFromConvertibleDebt	4228000	usd
CY2010	us-gaap	Repayments Of Convertible Debt RepaymentsOfConvertibleDebt	0	usd
CY2011	us-gaap	Repayments Of Convertible Debt RepaymentsOfConvertibleDebt	25000	usd
CY2010	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	2421000	usd
CY2011	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	10787000	usd
CY2010	us-gaap	Proceeds From Issuance Of Warrants ProceedsFromIssuanceOfWarrants	49000	usd
CY2011	us-gaap	Proceeds From Issuance Of Warrants ProceedsFromIssuanceOfWarrants	515000	usd
CY2010	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	4067000	usd
CY2011	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	15505000	usd
CY2010	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	25000	usd
CY2011	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	91000	usd
CY2010	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	883000	usd
CY2011	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	12029000	usd
CY2010Q4	us-gaap	Embedded Derivative Fair Value Of Embedded Derivative Liability EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability	6718000	usd
CY2011Q4	us-gaap	Embedded Derivative Fair Value Of Embedded Derivative Liability EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability	0	usd
CY2010	neond	Stock Issued During Period Value To Settle Lawsuit StockIssuedDuringPeriodValueToSettleLawsuit	-647000	usd
CY2011	neond	Stock Issued During Period Value To Settle Lawsuit StockIssuedDuringPeriodValueToSettleLawsuit	0	usd
CY2010	us-gaap	Interest Paid InterestPaid	180000	usd
CY2011	us-gaap	Interest Paid InterestPaid	27000	usd
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CY2011	neond	Fair Value Of Warrants Issued To Broker As Debt Issuance Costs FairValueOfWarrantsIssuedToBrokerAsDebtIssuanceCosts	0	usd
CY2010	neond	Conversion Of Accrued Expenses To Convertible Debt ConversionOfAccruedExpensesToConvertibleDebt	0	usd
CY2011	neond	Conversion Of Accrued Expenses To Convertible Debt ConversionOfAccruedExpensesToConvertibleDebt	120000	usd
CY2010	neond	Exchange Of Preferred Stock For Common Stock ExchangeOfPreferredStockForCommonStock	806000	usd
CY2011	neond	Exchange Of Preferred Stock For Common Stock ExchangeOfPreferredStockForCommonStock	0	usd
CY2010	neond	Reclassification Of Derivative Liabilities To Additional Paid In Capital ReclassificationOfDerivativeLiabilitiesToAdditionalPaidInCapital	19286000	usd
CY2011	neond	Reclassification Of Derivative Liabilities To Additional Paid In Capital ReclassificationOfDerivativeLiabilitiesToAdditionalPaidInCapital	20075000	usd
CY2010	neond	Debt Discount Recorded As Part Of Financing Transaction DebtDiscountRecordedAsPartOfFinancingTransaction	1761000	usd
CY2011	neond	Debt Discount Recorded As Part Of Financing Transaction DebtDiscountRecordedAsPartOfFinancingTransaction	4228000	usd
CY2010	neond	Accounts Payable Converted In Convertible Debt Offering AccountsPayableConvertedInConvertibleDebtOffering	163000	usd
CY2011	neond	Accounts Payable Converted In Convertible Debt Offering AccountsPayableConvertedInConvertibleDebtOffering	0	usd
CY2010	neond	Conversion Of Debt To Common Stock ConversionOfDebtToCommonStock	179000	usd
CY2011	neond	Conversion Of Debt To Common Stock ConversionOfDebtToCommonStock	7222000	usd
CY2010	us-gaap	Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction	0	usd
CY2011	us-gaap	Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction	35000	usd
CY2010	neond	Reduction Of Derivative Liabilities Upon Conversion Of Debt And Exercise Of Warrants ReductionOfDerivativeLiabilitiesUponConversionOfDebtAndExerciseOfWarrants	8000	usd
CY2011	neond	Reduction Of Derivative Liabilities Upon Conversion Of Debt And Exercise Of Warrants ReductionOfDerivativeLiabilitiesUponConversionOfDebtAndExerciseOfWarrants	0	usd
CY2011	us-gaap	Nature Of Operations NatureOfOperations	<div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"><font style="display: inline; font-weight: bold;">1.     </font><font style="display: inline; font-weight: bold;">Nature of the business and operations</font></font></div> <div style="text-indent: 0pt; display: block;"> </div> <div align="left" style="text-indent: 18pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Background and Organization</font></div> <div style="text-indent: 0pt; display: block;"> <div align="justify" style="text-indent: 18pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></div> <div align="justify" style="text-indent: 18pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Neonode Inc. was incorporated in the State of Delaware in 1997 as the parent of Neonode AB, a company founded in February 2004 and incorporated in Sweden. On December 29, 2008, we entered into a Share Exchange Agreement with AB Cypressen nr 9683 (renamed Neonode Technologies AB), a Swedish engineering company, and Neonode Technologies AB became our wholly owned subsidiary.  Together, Neonode Inc. and Neonode Technologies AB are known as “we,” “us,” “our”, or the “Company.”</font></div> <div align="justify" style="text-indent: 18pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div> <div align="justify" style="text-indent: 18pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">On December 9, 2008, our former wholly owned subsidiary, Neonode AB, filed for liquidation under the Swedish bankruptcy laws. Effective with Neonode AB’s bankruptcy filing on December 9, 2008, Neonode Inc. is no longer in the mobile phone business and there are no known financial obligations related to the accounts payable or other debts of Neonode AB for which Neonode Inc has responsibility.</font></div> <div align="justify" style="text-indent: 18pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div> </div> <div style="text-align: justify; text-indent: 18pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">On December 29, 2008, we entered into a Share Exchange Agreement with Neonode Technologies AB and the stockholders of Neonode Technologies AB:  Iwo Jima SARL, Wirelesstoys AB, and Athemis Ltd (the “Neonode Technologies AB Stockholders”), pursuant to which we agreed to acquire all of the issued and outstanding shares of Neonode Technologies AB in exchange for the issuance of 19,800 shares of Neonode Inc Series A Preferred stock.  Pursuant to the terms of the Share Exchange Agreement, upon the closing of the transaction, Neonode Technologies AB became a wholly owned subsidiary of the Company.   The Neonode Technologies AB Stockholders are or were employees of us and/or Neonode AB, and as such are related parties. Neonode Technologies AB did not have any operations in 2008. The acquisition of Neonode Technologies AB by us did not qualify as a business combination but rather as a merger of entities under common control; accordingly the acquired assets of Neonode Technologies AB are recorded at their historical cost basis of $12,000.</font></div> <div style="text-align: justify; text-indent: 18pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div> <div style="text-align: justify; text-indent: 18pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Neonode Technologies AB was formed on December 29, 2008 following the bankruptcy filing on December 9, 2008 of Neonode AB.  Based on Swedish tax considerations, we determined that it would be more efficient to form a new company which would be acquired by Neonode Inc. rather than to re-hire each of the former employees of Neonode AB on an individual basis.  Furthermore, we determined that based on the importance to the Company of retaining the technology and business expertise of the beneficial owners of Neonode Technologies AB and of ensuring our ability to continue to develop our technology, in exchange for complete ownership of Neonode Technologies AB, we were prepared to issue to the Neonode Technologies AB Stockholders shares representing approximately 49.5% of the Company.  However, since we did not have a sufficient number of unissued shares of common stock at that time to issue shares of common stock representing 49.5% of the Company as well as enter into the other Refinancing Agreements, we decided that in exchange for all of the shares of Neonode Technologies AB we would issue shares of Series A Preferred stock at a ratio such that assuming an increase in the Company’s authorized share capital and an increase in the conversion rate to 480.63 shares of common stock for each shares of Series A Preferred stock, the Neonode Technologies AB Stockholders would own in the aggregate an amount of shares equal to approximately 49.5% of the Company after completion of our refinancing and capital raising activities.  Nevertheless, pursuant to the Share Exchange Agreement, we did not guarantee that either the Company’s authorized share capital would be increased or that the conversion rate would be increased to 480.63 shares of common stock for each shares of Series A Preferred stock (See Note 9).</font></div> <div style="text-align: justify; text-indent: 18pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div> <div style="text-align: justify; text-indent: 18pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The fair value of the Series A Preferred Stock issued to the Neonode Technologies AB Stockholders in excess of the $12,000 cash balance is accounted for as compensation.  Pursuant to the Share Exchange Agreement, the beneficial owners of the Neonode Technologies AB Stockholders agreed to remain employees of Neonode Technologies AB for a period of 18 months.  In addition, each of the beneficial owners of the Neonode Technologies AB Stockholders signed a repurchase agreement with the Company granting the Company a lapsing repurchase right to purchase the Series A Preferred stock held by such Neonode Technologies AB Stockholder in the event the beneficial owner’s employment with Neonode Technologies AB is terminated other than for cause prior to the expiration of 18 months from December 29, 2008.  Each month, 1/18 of the Series A Preferred shares held by the Neonode Technologies AB Stockholders was released from the lapsing repurchase right.   Thus, the fair value of the common stock (as converted from Series A Preferred Stock during 2009 was $9.5 million) issued under the Share Exchange Agreement was amortized on a straight-line basis to compensation expense over the 18-month vesting period that began on January 1, 2009.</font></div> <div style="text-align: justify; text-indent: 18pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div> <div style="text-align: justify; text-indent: 18pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">On March 25, 2011, we filed a Certificate of Amendment of our Amended and Restated Certificate of Incorporation affecting a reverse stock split of the Company’s issued and outstanding shares of common stock and preferred stock at a ratio of twenty-five-to-one (the “Reverse Split”).  The Certificate of Amendment provided that each twenty-five (25) outstanding shares of the Corporation’s common stock, par value $0.001 per share, was exchanged and combined, automatically, without further action, into one (1) share of common stock, and each twenty-five (25) outstanding shares of the Corporation’s preferred stock, par value $0.001 per share, was exchanged and combined, automatically, without further action, into one (1) share of preferred stock. The Reverse Split was declared effective on March 28, 2011 and has been reflected in this Annual Report on Form 10-K.</font></div> <div style="text-align: justify; text-indent: 18pt; display: block; margin-left: 0pt; margin-right: 0pt;">  </div> <div style="text-align: justify; text-indent: 18pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-style: italic; display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Operations</font></div> <div style="text-align: justify; text-indent: 18pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div> <div style="text-align: justify; text-indent: 18pt; display: block;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Neonode Inc, licenses optical touch solutions for handheld and small to midsized consumer and industrial electronic devices. We license our touchscreen technology to Original Equipment Manufacturers (“OEMs”) and Original Design Manufacturers (“ODMs”) who imbed our touch technology into electronic devices that they develop and sell. The cornerstone of our solution is our innovative optical touch, zForce®, which can be applied on any flat surface such as Liquid Crystal Displays (LCD), Electronic Paper Displays (EPD) or as a Mouse Pad, and can be incorporated into all types of devices, enabling touch detection for any type of object (finger, pen, glove or a brush). In addition the zForce touch solution has a minimal total weight and building height, thus enabling greater industrial design flexibility.  Since nothing is layered on top of the display, the zForce solution provides 100% optical transparency, which improves image quality, reduces glare, and improves battery life.</font></div> <div style="text-align: justify; text-indent: 18pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></div> <div style="text-align: justify; text-indent: 18pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Our technology licensing model allows us to focus on the development of solutions for multi-touch enabled screens, and thus we do not have to contend with the financial and logistical burden of manufacturing products, which is handled by our ODM/OEM clients. We license the right to use zForce and software which, together with standard components from partners, creates a complete optical touchscreen solution. The zForce multi-touch product is our latest release and is currently being integrated into products such as mobile phones, e-Readers, household appliances, printers and office equipment, GPS devices, automobile consoles, games and toys  and tablet PC’s. Our licensing model provides the added benefit of allowing us to grow revenues without the need of increasing costs at anywhere near the same rate to support the revenue growth.</font></div> <div style="text-indent: 0pt; display: block;"> </div> <div align="left" style="text-indent: 18pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-style: italic; display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Liquidity</font></div> <div style="text-indent: 0pt; display: block;"> </div> <div style="text-align: justify; text-indent: 18pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Our operations are subject to certain risks and uncertainties frequently encountered by companies in the early stages of operations. Such risks and uncertainties include, but are not limited to, technical and quality problems in new products, ability to raise additional funds, credit risks and costs for developing new products. Our ability to generate revenues in the future will depend substantially on our ability to enter into contracts with customers and to raise additional funds through debt or equity financings. During 2011, we raised approximately $15.5 million through debt and equity offerings (see Notes 6 and 9).  We believe we have sufficient cash to operate for the remainder of 2012, and thereafter expect to receive sufficient cash from customer license agreements currently in place to operate for at least the next twelve months.</font></div>
CY2010	neond	Stock Issued During Period Shares To Settle Lawsuit StockIssuedDuringPeriodSharesToSettleLawsuit	0	shares
CY2010	neond	Exchange Of Series A Preferred Stock For Common Stock Shares ExchangeOfSeriesAPreferredStockForCommonStockShares	0	shares
CY2011	neond	Exchange Of Series A Preferred Stock For Common Stock Shares ExchangeOfSeriesAPreferredStockForCommonStockShares	0	shares
CY2010	neond	Exchange Of Series B Preferred Stock For Common Stock Shares ExchangeOfSeriesBPreferredStockForCommonStockShares	0	shares
CY2011	neond	Exchange Of Series B Preferred Stock For Common Stock Shares ExchangeOfSeriesBPreferredStockForCommonStockShares	0	shares
CY2010	neond	Common Stock Issued To Brokers Shares CommonStockIssuedToBrokersShares	0	shares
CY2011	dei	Amendment Flag AmendmentFlag	false
CY2011	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2011	dei	Document Period End Date DocumentPeriodEndDate	2011-12-31
CY2011	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2011	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2011	dei	Entity Filer Category EntityFilerCategory	Smaller Reporting Company
CY2011	dei	Entity Registrant Name EntityRegistrantName	Neonode, Inc
CY2011	dei	Entity Central Index Key EntityCentralIndexKey	0000087050
CY2012Q1	dei	Entity Public Float EntityPublicFloat	60343310	usd
CY2011Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	32956300	shares
CY2011	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2011
CY2011	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	FY
CY2011	dei	Document Type DocumentType	10-K
CY2010	neond	Stock Issued During Period Value Employee Stock Option And Warrant Compensation Expense StockIssuedDuringPeriodValueEmployeeStockOptionAndWarrantCompensationExpense	2262000	usd
CY2011	neond	Stock Issued During Period Value Employee Stock Option And Warrant Compensation Expense StockIssuedDuringPeriodValueEmployeeStockOptionAndWarrantCompensationExpense	550000	usd
CY2010	neond	Amortization Of Fair Value Of Stock Issued To Related Parties For Purchase Of Neonode Technologies AmortizationOfFairValueOfStockIssuedToRelatedPartiesForPurchaseOfNeonodeTechnologies	3168000	usd
CY2010	neond	Exchange Of Series A Preferred Stock For Common Stock Value ExchangeOfSeriesAPreferredStockForCommonStockValue	0	usd
CY2011	neond	Exchange Of Series A Preferred Stock For Common Stock Value ExchangeOfSeriesAPreferredStockForCommonStockValue	0	usd
CY2010	neond	Exchange Of Series B Preferred Stock For Common Stock Value ExchangeOfSeriesBPreferredStockForCommonStockValue	0	usd
CY2011	neond	Exchange Of Series B Preferred Stock For Common Stock Value ExchangeOfSeriesBPreferredStockForCommonStockValue	0	usd
CY2010	neond	Common Stock Issued To Brokers Value CommonStockIssuedToBrokersValue	65000	usd
CY2011	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
CY2010	neond	Non Cash Items Related To Debt Discounts And Deferred Financing Fees And Valuation Of Conversion Features And Warrants NonCashItemsRelatedToDebtDiscountsAndDeferredFinancingFeesAndValuationOfConversionFeaturesAndWarrants	-19963000	usd
CY2011	neond	Non Cash Items Related To Debt Discounts And Deferred Financing Fees And Valuation Of Conversion Features And Warrants NonCashItemsRelatedToDebtDiscountsAndDeferredFinancingFeesAndValuationOfConversionFeaturesAndWarrants	-14735000	usd
CY2010	neond	Weighted Average Number Of Shares Outstanding During Year Basic And Diluted WeightedAverageNumberOfSharesOutstandingDuringYearBasicAndDiluted	18293000	shares
CY2011	neond	Weighted Average Number Of Shares Outstanding During Year Basic And Diluted WeightedAverageNumberOfSharesOutstandingDuringYearBasicAndDiluted	26784000	shares
CY2010	neond	Debt Issuance Costs Recorded In Connection Of Debt Extinguishment DebtIssuanceCostsRecordedInConnectionOfDebtExtinguishment	4336000	usd
CY2011	neond	Debt Issuance Costs Recorded In Connection Of Debt Extinguishment DebtIssuanceCostsRecordedInConnectionOfDebtExtinguishment	20075000	usd
CY2011	neond	Stock Issued During Period To Settle Accrued Expenses Value StockIssuedDuringPeriodToSettleAccruedExpensesValue	120000	usd
CY2011	neond	Stock Issued During Period To Settle Accrued Expenses Shares StockIssuedDuringPeriodToSettleAccruedExpensesShares	0	shares
CY2011	neond	Common Stock Issued Upon Conversion Of Outstanding Convertible Debt And Accrued And Bonus Interest CommonStockIssuedUponConversionOfOutstandingConvertibleDebtAndAccruedAndBonusInterest	7622000	usd
CY2011	neond	Common Stock Issued Upon Conversion Of Outstanding Convertible Debt And Accrued And Bonus Interest Shares CommonStockIssuedUponConversionOfOutstandingConvertibleDebtAndAccruedAndBonusInterestShares	0	shares
CY2011	neond	Fair Value Of Warrants Issued In Connection With Issuance Of2011 Senior Secured Convertible Debt Value FairValueOfWarrantsIssuedInConnectionWithIssuanceOf2011SeniorSecuredConvertibleDebtValue	937000	usd

Files In Submission

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0001213900-12-001451-index.html	Edgar Link	pending
0001213900-12-001451.txt	Edgar Link	pending
0001213900-12-001451-xbrl.zip	Edgar Link	pending
f10k2011ex21_neonode.htm	Edgar Link	pending
f10k2011ex23i_neonode.htm	Edgar Link	pending
f10k2011ex31ii_neonode.htm	Edgar Link	pending
f10k2011ex31i_neonode.htm	Edgar Link	pending
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f10k2011_neonode.htm	Edgar Link	pending
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R1.htm	Edgar Link	pending
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neond-20111231.xml	Edgar Link	completed
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neond-20111231_cal.xml	Edgar Link	unprocessable

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2011 Form 10-K Financial Statement

#000121390012001451 Filed on March 30, 2012

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2011 Form 10-K Financial Statement

#000121390012001451 Filed on March 30, 2012

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