2019 Q2 Form 10-Q Financial Statement
#000121390019015652 Filed on August 14, 2019
Income Statement
Concept | 2019 Q2 | 2018 Q4 | 2018 Q2 |
---|---|---|---|
Revenue | $1.710M | $2.360M | $1.876M |
YoY Change | -8.85% | -28.05% | -19.45% |
Cost Of Revenue | $71.00K | $450.0K | $89.00K |
YoY Change | -20.22% | -73.53% | -77.24% |
Gross Profit | $1.639M | $1.920M | $1.787M |
YoY Change | -8.28% | 21.52% | -7.79% |
Gross Profit Margin | 95.85% | 81.36% | 95.26% |
Selling, General & Admin | $1.501M | $93.54M | $1.586M |
YoY Change | -5.36% | 5184.75% | -13.62% |
% of Gross Profit | 91.58% | 4871.88% | 88.75% |
Research & Development | $1.452M | $1.290M | $1.362M |
YoY Change | 6.61% | -28.33% | 4.77% |
% of Gross Profit | 88.59% | 67.19% | 76.22% |
Depreciation & Amortization | $220.0K | $220.0K | $260.0K |
YoY Change | -15.38% | -21.43% | 8.33% |
% of Gross Profit | 13.42% | 11.46% | 14.55% |
Operating Expenses | $2.953M | $94.82M | $2.948M |
YoY Change | 0.17% | 2563.48% | -5.99% |
Operating Profit | -$1.314M | -$92.90M | -$1.161M |
YoY Change | 13.18% | 4591.92% | -3.09% |
Interest Expense | $9.000K | $91.99M | $13.00K |
YoY Change | -30.77% | -460050.0% | -27.78% |
% of Operating Profit | |||
Other Income/Expense, Net | -$9.000K | $0.00 | -$13.00K |
YoY Change | -30.77% | -27.78% | |
Pretax Income | -$1.323M | -$920.0K | -$1.174M |
YoY Change | 12.69% | -54.23% | -3.45% |
Income Tax | $7.000K | $0.00 | $1.000K |
% Of Pretax Income | |||
Net Earnings | -$1.264M | -$915.0K | -$964.0K |
YoY Change | 31.12% | -46.8% | -3.41% |
Net Earnings / Revenue | -73.92% | -38.77% | -51.39% |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$143.2K | -$98.99K | -$163.8K |
COMMON SHARES | |||
Basic Shares Outstanding | 8.801K shares | 5.859M shares | 5.859K shares |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2019 Q2 | 2018 Q4 | 2018 Q2 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $4.640M | $6.560M | $3.690M |
YoY Change | 25.75% | 13.1% | 161.7% |
Cash & Equivalents | $4.638M | $6.555M | $3.693M |
Short-Term Investments | |||
Other Short-Term Assets | $770.0K | $230.0K | $1.880M |
YoY Change | -59.04% | -10.51% | -18.26% |
Inventory | $1.166M | $1.219M | $1.114M |
Prepaid Expenses | |||
Receivables | $1.784M | $1.830M | $1.793M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $8.358M | $10.49M | $8.484M |
YoY Change | -1.49% | 7.11% | 19.97% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $2.011M | $2.484M | $2.696M |
YoY Change | -25.41% | -25.34% | -27.62% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Assets | $250.0K | $261.0K | |
YoY Change | |||
Total Long-Term Assets | $246.0K | $261.0K | $2.699M |
YoY Change | -90.89% | -92.16% | -27.6% |
TOTAL ASSETS | |||
Total Short-Term Assets | $8.358M | $10.49M | $8.484M |
Total Long-Term Assets | $246.0K | $261.0K | $2.699M |
Total Assets | $11.35M | $13.24M | $11.18M |
YoY Change | 1.46% | 0.88% | 3.55% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $401.0K | $501.0K | $719.0K |
YoY Change | -44.23% | -1.57% | -54.58% |
Accrued Expenses | $93.00K | $265.0K | $126.0K |
YoY Change | -26.19% | 49.72% | -39.13% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $550.0K | $570.0K | $530.0K |
YoY Change | 3.77% | 0.0% | 0.0% |
Total Short-Term Liabilities | $2.646M | $2.313M | $2.931M |
YoY Change | -9.72% | -35.45% | -55.99% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $810.0K | $1.130M | $1.280M |
YoY Change | -36.72% | -32.74% | -32.98% |
Other Long-Term Liabilities | $266.0K | ||
YoY Change | |||
Total Long-Term Liabilities | $266.0K | $0.00 | $1.280M |
YoY Change | -79.22% | -100.0% | -32.98% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $2.646M | $2.313M | $2.931M |
Total Long-Term Liabilities | $266.0K | $0.00 | $1.280M |
Total Liabilities | $3.719M | $3.446M | $4.212M |
YoY Change | -11.7% | -34.54% | -50.84% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$187.1M | -$185.2M | -$183.8M |
YoY Change | 1.76% | 0.8% | 1.61% |
Common Stock | $9.000K | $9.000K | $59.00K |
YoY Change | -84.75% | 50.0% | 20.41% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $9.846M | $11.84M | $8.549M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $11.35M | $13.24M | $11.18M |
YoY Change | 1.46% | 0.88% | 3.55% |
Cashflow Statement
Concept | 2019 Q2 | 2018 Q4 | 2018 Q2 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$1.264M | -$915.0K | -$964.0K |
YoY Change | 31.12% | -46.8% | -3.41% |
Depreciation, Depletion And Amortization | $220.0K | $220.0K | $260.0K |
YoY Change | -15.38% | -21.43% | 8.33% |
Cash From Operating Activities | -$1.020M | -$580.0K | -$870.0K |
YoY Change | 17.24% | -34.83% | -38.73% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$30.00K | -$60.00K | -$20.00K |
YoY Change | 50.0% | 200.0% | -96.08% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | ||
YoY Change | |||
Cash From Investing Activities | -$30.00K | -$50.00K | -$20.00K |
YoY Change | 50.0% | 150.0% | -96.08% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -130.0K | 4.480M | -140.0K |
YoY Change | -7.14% | -3300.0% | -108.7% |
NET CHANGE | |||
Cash From Operating Activities | -1.020M | -580.0K | -870.0K |
Cash From Investing Activities | -30.00K | -50.00K | -20.00K |
Cash From Financing Activities | -130.0K | 4.480M | -140.0K |
Net Change In Cash | -1.180M | 3.850M | -1.030M |
YoY Change | 14.56% | -466.67% | 221.88% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$1.020M | -$580.0K | -$870.0K |
Capital Expenditures | -$30.00K | -$60.00K | -$20.00K |
Free Cash Flow | -$990.0K | -$520.0K | -$850.0K |
YoY Change | 16.47% | -40.23% | -6.59% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
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Nonrecurring Engineering Costs Description
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We paid a total of $835,000 of the non-recurring. | ||
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Nonrecurring Engineering Costs Description
NonrecurringEngineeringCostsDescription
|
Under the terms of the NN1002 Agreement, we agreed to pay TI $500,000 of non-recurring engineering costs at the rate of $0.25 per ASIC for each of the first 2 million ASICs sold. As of June 30, 2019, we had made no payments to TI under the NN1002 Agreement. | |
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Nonrecurring Engineering Costs Description
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|
Under the terms of the NN1003 Agreement, we also will reimburse ST Microelectronics a non-recurring engineering fee of $5.00 per each of the first 10,000 units sold. As of June 30, 2019, we had reimbursed for 1,832 units under the NN1003 Agreement. | |
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Neonode Inc. | ||
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2019-06-30 | ||
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2019 | ||
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usd | |
CY2019Q2 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2018Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
usd | |
CY2019Q2 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
usd | |
CY2018Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
9000 | usd |
CY2019Q2 | us-gaap |
Common Stock Value
CommonStockValue
|
9000 | usd |
CY2018Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
197507000 | usd |
CY2019Q2 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
197507000 | usd |
CY2018Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
|
-456000 | usd |
CY2019Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
|
-611000 | usd |
CY2018Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
11838000 | usd |
CY2019Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
9846000 | usd |
CY2018Q4 | us-gaap |
Minority Interest
MinorityInterest
|
-2042000 | usd |
CY2019Q2 | us-gaap |
Minority Interest
MinorityInterest
|
-2219000 | usd |
CY2018Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
9796000 | usd |
CY2019Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
7627000 | usd |
CY2017Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
7863000 | usd |
CY2018Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
8464000 | usd |
CY2018Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
6971000 | usd |
CY2018Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
6032000 | usd |
CY2019Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
8931000 | usd |
CY2018Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
13242000 | usd |
CY2019Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
11346000 | usd |
CY2018Q3 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | shares |
CY2018Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
15000000 | shares |
CY2019Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
15000000 | shares |
CY2018Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
100000000 | shares |
CY2018Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2019Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2018Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
8800313 | shares |
CY2019Q2 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
8800577 | shares |
CY2018Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
8800313 | shares |
CY2019Q2 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
8800577 | shares |
neond |
Sensor Modules
SensorModules
|
56000 | usd | |
neond |
Sensor Modules
SensorModules
|
134000 | usd | |
CY2018Q2 | neond |
Sensor Modules
SensorModules
|
89000 | usd |
CY2019Q2 | neond |
Sensor Modules
SensorModules
|
72000 | usd |
neond |
Non Recurring Engineering One
NonRecurringEngineeringOne
|
116000 | usd | |
neond |
Non Recurring Engineering One
NonRecurringEngineeringOne
|
1000 | usd | |
CY2018Q2 | neond |
Non Recurring Engineering One
NonRecurringEngineeringOne
|
usd | |
CY2019Q2 | neond |
Non Recurring Engineering One
NonRecurringEngineeringOne
|
-1000 | usd |
us-gaap |
Cost Of Revenue
CostOfRevenue
|
172000 | usd | |
us-gaap |
Cost Of Revenue
CostOfRevenue
|
135000 | usd | |
CY2018Q2 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
89000 | usd |
CY2019Q2 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
71000 | usd |
us-gaap |
Gross Profit
GrossProfit
|
3550000 | usd | |
us-gaap |
Gross Profit
GrossProfit
|
4116000 | usd | |
CY2018Q2 | us-gaap |
Gross Profit
GrossProfit
|
1787000 | usd |
CY2019Q2 | us-gaap |
Gross Profit
GrossProfit
|
1639000 | usd |
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
2711000 | usd | |
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
2880000 | usd | |
CY2018Q2 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
1362000 | usd |
CY2019Q2 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
1452000 | usd |
us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
940000 | usd | |
us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
1026000 | usd | |
CY2018Q2 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
470000 | usd |
CY2019Q2 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
491000 | usd |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
1881000 | usd | |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
2250000 | usd | |
CY2018Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
1116000 | usd |
CY2019Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
1010000 | usd |
us-gaap |
Operating Expenses
OperatingExpenses
|
5532000 | usd | |
us-gaap |
Operating Expenses
OperatingExpenses
|
6156000 | usd | |
CY2018Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
2948000 | usd |
CY2019Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
2953000 | usd |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-1982000 | usd | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-2040000 | usd | |
CY2018Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-1161000 | usd |
CY2019Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-1314000 | usd |
us-gaap |
Interest Expense
InterestExpense
|
19000 | usd | |
us-gaap |
Interest Expense
InterestExpense
|
27000 | usd | |
CY2018Q2 | us-gaap |
Interest Expense
InterestExpense
|
13000 | usd |
CY2019Q2 | us-gaap |
Interest Expense
InterestExpense
|
9000 | usd |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-19000 | usd | |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-27000 | usd | |
CY2018Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-13000 | usd |
CY2019Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-9000 | usd |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-2001000 | usd | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-2067000 | usd | |
CY2018Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-1174000 | usd |
CY2019Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-1323000 | usd |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
13000 | usd | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
8000 | usd | |
CY2018Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1000 | usd |
CY2019Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
7000 | usd |
us-gaap |
Profit Loss
ProfitLoss
|
-2014000 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
-2075000 | usd | |
CY2018Q3 | us-gaap |
Profit Loss
ProfitLoss
|
-952000 | usd |
CY2018Q2 | us-gaap |
Profit Loss
ProfitLoss
|
-1175000 | usd |
CY2018Q4 | us-gaap |
Profit Loss
ProfitLoss
|
-915000 | usd |
CY2019Q2 | us-gaap |
Profit Loss
ProfitLoss
|
-1330000 | usd |
CY2018Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-900000 | usd |
CY2019Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-684000 | usd |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-177000 | usd | |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-418000 | usd | |
CY2018Q2 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-211000 | usd |
CY2019Q2 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-66000 | usd |
us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.21 | ||
us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.28 | ||
CY2018Q2 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.16 | |
CY2019Q2 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.14 | |
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
8800 | shares | |
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
5859 | shares | |
CY2018Q2 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
5859 | shares |
CY2019Q2 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
8801 | shares |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-155000 | usd | |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-430000 | usd | |
CY2018Q3 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
13000 | usd |
CY2018Q2 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-336000 | usd |
CY2018Q4 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
60000 | usd |
CY2019Q2 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
26000 | usd |
CY2018Q1 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-94000 | usd |
CY2019Q1 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-181000 | usd |
us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-2169000 | usd | |
us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-2505000 | usd | |
CY2018Q2 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-1511000 | usd |
CY2019Q2 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-1304000 | usd |
us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
-177000 | usd | |
us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
-418000 | usd | |
dei |
Entity Ex Transition Period
EntityExTransitionPeriod
|
false | ||
CY2018Q2 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
-211000 | usd |
CY2019Q2 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
-66000 | usd |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-1992000 | usd | |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-2087000 | usd | |
CY2018Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-1300000 | usd |
CY2019Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-1238000 | usd |
CY2018Q2 | neond |
Stock Option And Warrant Compensation Expense To Employees Directors And Vendors
StockOptionAndWarrantCompensationExpenseToEmployeesDirectorsAndVendors
|
18000 | usd |
CY2018Q1 | neond |
Stock Option And Warrant Compensation Expense To Employees Directors And Vendors
StockOptionAndWarrantCompensationExpenseToEmployeesDirectorsAndVendors
|
12000 | usd |
CY2018Q4 | us-gaap |
Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
|
usd | |
CY2019Q2 | us-gaap |
Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
|
usd | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
439000 | usd | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
536000 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-24000 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-532000 | usd | |
neond |
Increase Decrease In Projects In Process
IncreaseDecreaseInProjectsInProcess
|
8000 | usd | |
neond |
Increase Decrease In Projects In Process
IncreaseDecreaseInProjectsInProcess
|
224000 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
5000 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
56000 | usd | |
us-gaap |
Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
|
-118000 | usd | |
us-gaap |
Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
|
-45000 | usd | |
us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
1000 | usd | |
us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
219000 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
77000 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
145000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-77000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-145000 | usd | |
us-gaap |
Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
|
272000 | usd | |
us-gaap |
Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
|
277000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-272000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-277000 | usd | |
us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
-93000 | usd | |
us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
-250000 | usd | |
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-1917000 | usd | |
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-2103000 | usd | |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
13000 | usd | |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
8000 | usd | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
19000 | usd | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
27000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-1837000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-1657000 | usd | |
CY2018Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-964000 | usd |
CY2019Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1264000 | usd |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-1475000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-1431000 | usd | |
neond |
Warrants To Purchase Of Common Stock
WarrantsToPurchaseOfCommonStock
|
1116368 | shares | |
CY2018 | neond |
Warrants To Purchase Of Common Stock
WarrantsToPurchaseOfCommonStock
|
1116368 | shares |
CY2018Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
1830000 | usd |
CY2019Q2 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
1784000 | usd |
neond |
Non Recurring Engineering
NonRecurringEngineering
|
40000 | usd | |
neond |
Non Recurring Engineering
NonRecurringEngineering
|
30000 | usd | |
CY2018Q2 | neond |
Non Recurring Engineering
NonRecurringEngineering
|
30000 | usd |
CY2019Q2 | neond |
Non Recurring Engineering
NonRecurringEngineering
|
20000 | usd |
neond |
Sensor Modules Sales
SensorModulesSales
|
273000 | usd | |
neond |
Sensor Modules Sales
SensorModulesSales
|
137000 | usd | |
CY2018Q2 | neond |
Sensor Modules Sales
SensorModulesSales
|
85000 | usd |
CY2019Q2 | neond |
Sensor Modules Sales
SensorModulesSales
|
223000 | usd |
us-gaap |
Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
|
-224000 | usd | |
us-gaap |
Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
|
usd | ||
CY2018Q4 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
4619000 | usd |
dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | ||
dei |
Entity Shell Company
EntityShellCompany
|
false | ||
dei |
Entity File Number
EntityFileNumber
|
1-35526 | ||
dei |
Entity Interactive Data Current
EntityInteractiveDataCurrent
|
Yes | ||
dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
DE | ||
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"><b><i>Estimates and Judgments</i></b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif">The preparation of financial statements in conformity with U.S. GAAP requires making estimates and judgments that affect, at the date of the financial statements, the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities and the reported amounts of revenue and expenses. Actual results could differ from these estimates and judgments.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif">Significant estimates and judgments include, but are not limited to: for revenue recognition, determining the nature and timing of satisfaction of performance obligations, the standalone selling price of performance obligations, and transaction prices and assessing transfer of control; measuring variable consideration and other obligations such as product returns and refunds, and product warranties; provisions for uncollectible receivables; determining the net realizable value of inventory; recoverability of capitalized project costs and long-lived assets for leases, determining whether a contract contains a lease, allocating consideration between lease and non-lease components, determining incremental borrowing rates, and identifying reassessment events, such as modifications; the valuation allowance related to our deferred tax assets; and the fair value of options issued for stock-based compensation. </font></p> | ||
us-gaap |
Income Tax Examination Description
IncomeTaxExaminationDescription
|
The corporate income tax rate from 35% to 21% effective January 1, 2018, among other changes. | ||
us-gaap |
Minority Interest Description
MinorityInterestDescription
|
We consolidate subsidiaries in which we hold, directly or indirectly, more than 50% of the voting rights, and variable interest entities (“VIEs”) in which Neonode is the primary beneficiary. | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
usd | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
29000 | usd | |
CY2018Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
17000 | usd |
CY2019Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
usd | |
us-gaap |
Lessor Operating Lease Description
LessorOperatingLeaseDescription
|
Our leases have remaining lease terms of one year to three years, and our two primary operating leases include options to extend the leases for one to three years; those operating leases also include options to terminate the leases within one year. | ||
us-gaap |
Lessor Operating Lease Option To Extend
LessorOperatingLeaseOptionToExtend
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Our corporate office lease is automatically renewed at a cost increase of 2% on a yearly basis, unless we provide written notice six months prior to expiration date. | ||
CY2018Q1 | us-gaap |
Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
|
1583000 | usd |
neond |
Increase Decrease In Deferred Revenues
IncreaseDecreaseInDeferredRevenues
|
-14000 | usd | |
neond |
Increase Decrease In Deferred Revenues
IncreaseDecreaseInDeferredRevenues
|
-437000 | usd | |
neond |
Amortization Of Operating Lease Rightofuse Assets
AmortizationOfOperatingLeaseRightofuseAssets
|
-189000 | usd | |
neond |
Amortization Of Operating Lease Rightofuse Assets
AmortizationOfOperatingLeaseRightofuseAssets
|
usd | ||
neond |
Bad Debt Expense
BadDebtExpense
|
19000 | usd | |
neond |
Bad Debt Expense
BadDebtExpense
|
usd | ||
neond |
Deferred Revenues Current
DeferredRevenuesCurrent
|
75000 | usd | |
CY2019Q2 | neond |
Deferred Revenues Current
DeferredRevenuesCurrent
|
40000 | usd |
neond |
Revenue Recognition Sales Returns Reserve For Sales Returns1
RevenueRecognitionSalesReturnsReserveForSalesReturns1
|
11000 | usd | |
CY2017Q1 | neond |
Aggregate Common Stock Offering Price
AggregateCommonStockOfferingPrice
|
20000000 | usd |
CY2017Q1 | neond |
Shelf Registration Statement Expiration Date
ShelfRegistrationStatementExpirationDate
|
2020-03-24 | |
CY2018Q2 | us-gaap |
Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
|
3000 | usd |
us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
266000 | usd | |
CY2019Q2 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
132000 | usd |
CY2018Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-185222000 | usd |
CY2019Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-187059000 | usd |
CY2019Q2 | us-gaap |
Conversion Of Stock Shares Issued1
ConversionOfStockSharesIssued1
|
2 | shares |
CY2019Q2 | us-gaap |
Convertible Preferred Stock Shares Issued Upon Conversion
ConvertiblePreferredStockSharesIssuedUponConversion
|
264 | shares |
neond |
Revenue Recognition Deferred Revenues
RevenueRecognitionDeferredRevenues
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"><b><i>Deferred Revenues</i></b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif">Deferred revenues consist primarily of prepayments for license fees, and other products or services for which we have been paid in advance, and earn the revenue when we transfer control of the product or service. Deferred revenues may also include upfront payments for consulting services to be performed in the future, such as non-recurring engineering services.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif">We defer license fees until we have met all accounting requirements for revenue recognition, which is when a license is made available to a customer and that customer has a right to use the license. Engineering development fee revenues are deferred until engineering services have been completed and accepted by our customers. We defer AirBar and sensor modules revenues until distributors sell the products to their end customers.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif">The following table presents our deferred revenues (in thousands):</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid">June 30,<br /> 2019</td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid">December 31,<br /> 2018</td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; text-align: left">Deferred License revenues</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">28</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Deferred AirBar revenues</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">10</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">59</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Deferred sensor modules revenues</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">12</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">16</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1.5pt">Deferred NRE revenues</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">16</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 4pt"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right">66</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right">75</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif">During the three and six months ended June 30, 2019, the Company recognized revenues of approximately $40,000 and $75,000 respectively related to contract liabilities outstanding at the beginning of the year.</font></p> | ||
CY2019Q2 | us-gaap |
Stock Issued During Period Shares Period Increase Decrease
StockIssuedDuringPeriodSharesPeriodIncreaseDecrease
|
15000000 | shares |
CY2019Q3 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
8811154 | shares |
neond |
Schedule Of Minimum Future Rentals On Noncancelable Finance Leases
ScheduleOfMinimumFutureRentalsOnNoncancelableFinanceLeases
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><font style="font: 7pt Times New Roman, Times, Serif"></font></p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; text-align: left">Year ending December 31,</td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid">Total</td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 88%; text-align: left">2019 (remaining months)</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">286</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">2020</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">589</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">2021</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">479</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1.5pt">2022</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">37</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Total minimum payments required:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,391</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1.5pt; padding-left: 10pt">Less amount representing interest:</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(37</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Present value of net minimum lease payments:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,354</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1.5pt; padding-left: 10pt">Less current portion</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(547</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right">807</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr></table> | ||
neond |
Projects In Process
ProjectsInProcess
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b><i>Projects in Process</i></b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif"><b><i> </i></b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Projects in process consist of costs incurred toward the completion of various projects for certain customers. These costs are primarily comprised of direct engineering labor costs and project-specific equipment costs. These costs are capitalized on our condensed consolidated balance sheet as an asset and deferred until revenue for each project is recognized in accordance with our revenue recognition policy. Costs capitalized in projects in process were $8,000 as of June 30, 2019. There were no costs capitalized in projects in process as of December 31, 2018.</p> | ||
us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 39.65pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"><b><i>Concentration of Credit and Business Risks</i></b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Our customers are located in the U.S., Europe and Asia.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">As of June 30, 2019, four customers represented approximately 70% of the Company's accounts receivable compared to 67% as of December 31 2018. </font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif">Customers who accounted for 10% or more of our net revenues during the three months ended June 30, 2019 are as follows:</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="width: 48px; padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 24px; padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif">●</font></td> <td style="padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif">Hewlett Packard Company – 45%</font></td></tr> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif">●</font></td> <td style="padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif">Epson – 11%</font></td></tr> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif">●</font></td> <td style="padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif">Alpine – 13%</font></td></tr> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif">●</font></td> <td style="padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif">Bosch – 11%</font></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif">Customers who accounted for 10% or more of our net revenues during the six months ended June 30, 2019 are as follows:</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="width: 48px; padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 24px; padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif">●</font></td> <td style="padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif">Hewlett Packard Company – 41%</font></td></tr> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif">●</font></td> <td style="padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif">Epson – 14%</font></td></tr> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif">●</font></td> <td style="padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif">Alpine – 12%</font></td></tr> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif">●</font></td> <td style="padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif">Bosch – 10%</font></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Customers who accounted for 10% or more of our net revenues during the three months ended June 30, 2018 are as follows:</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="width: 48px; padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 24px; padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif">●</font></td> <td style="padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif">Hewlett Packard Company – 29%</font></td></tr> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif">●</font></td> <td style="padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif">Epson – 14%</font></td></tr> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif">●</font></td> <td style="padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif">Canon – 15%</font></td></tr> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif">●</font></td> <td style="padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif">Amazon – 12%</font></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Customers who accounted for 10% or more of our net revenues during the six months ended June 30, 2018 are as follows:</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="width: 48px; padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 24px; padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif">●</font></td> <td style="padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif">Hewlett Packard Company – 34%</font></td></tr> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif">●</font></td> <td style="padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif">Epson – 14%</font></td></tr> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif">●</font></td> <td style="padding-right: 0.8pt; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif">Canon – 14%</font></td></tr></table> | ||
CY2019Q2 | us-gaap |
Conversion Of Stock Description
ConversionOfStockDescription
|
The Company implemented a conversion of all outstanding shares of Series B Preferred Stock into shares of common stock. Each share of Series B Preferred Stock was automatically converted into 132.07 shares of common stock. No fractional shares were issued. In lieu of any fractional shares, the resulting number of shares of common stock was rounded up to the nearest whole number. Accordingly, 10,577 shares of common stock were issued as a result of the conversion. |