2022 Q1 Form 10-Q Financial Statement
#000121390022025438 Filed on May 11, 2022
Income Statement
Concept | 2022 Q1 | 2021 Q4 | 2021 Q3 |
---|---|---|---|
Revenue | $1.318M | $1.489M | $962.0K |
YoY Change | -20.84% | -38.98% | -35.65% |
Cost Of Revenue | $60.00K | $358.0K | $99.00K |
YoY Change | -78.34% | -49.58% | -50.75% |
Gross Profit | $1.258M | $1.131M | $863.0K |
YoY Change | -9.37% | -34.62% | -33.31% |
Gross Profit Margin | 95.45% | 75.96% | 89.71% |
Selling, General & Admin | $1.626M | $69.05M | $1.670M |
YoY Change | -13.28% | 2996.37% | -21.93% |
% of Gross Profit | 129.25% | 6105.13% | 193.51% |
Research & Development | $1.023M | $10.00K | $1.015M |
YoY Change | -10.42% | -99.17% | 12.65% |
% of Gross Profit | 81.32% | 0.88% | 117.61% |
Depreciation & Amortization | $45.00K | $102.0K | $154.0K |
YoY Change | -77.39% | -49.0% | -23.0% |
% of Gross Profit | 3.58% | 9.02% | 17.84% |
Operating Expenses | $2.649M | $69.06M | $2.685M |
YoY Change | -12.2% | 1913.38% | -11.68% |
Operating Profit | -$1.391M | -$67.93M | -$1.822M |
YoY Change | -14.61% | 3895.76% | 4.35% |
Interest Expense | $2.000K | $66.06M | -$43.00K |
YoY Change | -60.0% | 65964.0% | -490.91% |
% of Operating Profit | |||
Other Income/Expense, Net | -$2.000K | $3.000K | |
YoY Change | -60.0% | -72.73% | |
Pretax Income | -$1.393M | -$1.864M | -$1.825M |
YoY Change | -14.75% | 15.78% | 3.87% |
Income Tax | $44.00K | $42.00K | $31.00K |
% Of Pretax Income | |||
Net Earnings | -$1.437M | -$1.906M | -$1.856M |
YoY Change | -13.95% | 15.1% | 13.31% |
Net Earnings / Revenue | -109.03% | -128.01% | -192.93% |
Basic Earnings Per Share | $0.10 | $0.15 | |
Diluted Earnings Per Share | -$101.6K | -$115.0K | -$149.1K |
COMMON SHARES | |||
Basic Shares Outstanding | 13.58K shares | 13.56M shares | 11.54K shares |
Diluted Shares Outstanding | 13.58K shares | 11.54K shares |
Balance Sheet
Concept | 2022 Q1 | 2021 Q4 | 2021 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $15.13M | $17.38M | $5.496M |
YoY Change | 85.6% | 66.03% | -54.99% |
Cash & Equivalents | $15.13M | $17.38M | $5.496M |
Short-Term Investments | |||
Other Short-Term Assets | $714.0K | $836.0K | $586.0K |
YoY Change | -12.93% | -27.93% | -41.98% |
Inventory | $3.553M | $2.520M | $2.402M |
Prepaid Expenses | |||
Receivables | $1.142M | $1.293M | $763.0K |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $20.54M | $22.03M | $9.247M |
YoY Change | 71.61% | 50.39% | -39.94% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $322.0K | $376.0K | $492.0K |
YoY Change | -60.44% | -62.51% | -54.1% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $772.0K | $960.0K | $980.0K |
YoY Change | -50.42% | -50.05% | -20.33% |
TOTAL ASSETS | |||
Total Short-Term Assets | $20.54M | $22.03M | $9.247M |
Total Long-Term Assets | $772.0K | $960.0K | $980.0K |
Total Assets | $21.31M | $22.99M | $10.23M |
YoY Change | 57.56% | 38.74% | -38.48% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $804.0K | $776.0K | $635.0K |
YoY Change | 63.75% | -28.41% | -30.75% |
Accrued Expenses | $397.0K | $371.0K | $637.0K |
YoY Change | -14.44% | -31.93% | 1.27% |
Deferred Revenue | $103.0K | $106.0K | |
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $150.0K | $258.0K | $369.0K |
YoY Change | -75.81% | -66.49% | -43.23% |
Total Short-Term Liabilities | $2.639M | $2.973M | $3.098M |
YoY Change | -16.14% | -29.38% | -7.93% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $101.0K | $65.00K | $28.00K |
YoY Change | 102.0% | -35.0% | -90.0% |
Other Long-Term Liabilities | $95.00K | $117.0K | $36.00K |
YoY Change | -62.15% | -68.97% | |
Total Long-Term Liabilities | $95.00K | $117.0K | $36.00K |
YoY Change | -62.15% | -68.97% | |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $2.639M | $2.973M | $3.098M |
Total Long-Term Liabilities | $95.00K | $117.0K | $36.00K |
Total Liabilities | $2.835M | $3.155M | $3.162M |
YoY Change | -17.73% | -32.61% | -13.18% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$204.0M | -$202.6M | -$201.1M |
YoY Change | 3.17% | 3.29% | 3.23% |
Common Stock | $14.00K | $14.00K | $12.00K |
YoY Change | 16.67% | 16.67% | 9.09% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $22.57M | $23.88M | $10.70M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $21.31M | $22.99M | $10.23M |
YoY Change | 57.56% | 38.74% | -38.48% |
Cashflow Statement
Concept | 2022 Q1 | 2021 Q4 | 2021 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$1.437M | -$1.906M | -$1.856M |
YoY Change | -13.95% | 15.1% | 13.31% |
Depreciation, Depletion And Amortization | $45.00K | $102.0K | $154.0K |
YoY Change | -77.39% | -49.0% | -23.0% |
Cash From Operating Activities | -$2.279M | -$2.704M | -$1.569M |
YoY Change | 14.52% | 32.55% | -11.85% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$5.000K | $0.00 | $0.00 |
YoY Change | -108.06% | -100.0% | -100.0% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | ||
YoY Change | |||
Cash From Investing Activities | -$5.000K | $0.00 | $0.00 |
YoY Change | -91.94% | -100.0% | -100.0% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -$61.00K | 14.41M | 462.0K |
YoY Change | -58.78% | -8575.29% | -96.29% |
NET CHANGE | |||
Cash From Operating Activities | -$2.279M | -2.704M | -1.569M |
Cash From Investing Activities | -$5.000K | 0.000 | 0.000 |
Cash From Financing Activities | -$61.00K | 14.41M | 462.0K |
Net Change In Cash | -$2.257M | 11.70M | -1.107M |
YoY Change | -3.05% | -620.18% | -110.39% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$2.279M | -$2.704M | -$1.569M |
Capital Expenditures | -$5.000K | $0.00 | $0.00 |
Free Cash Flow | -$2.274M | -$2.704M | -$1.569M |
YoY Change | 10.82% | 35.2% | -11.36% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2022Q1 | neon |
Finance Leases Right Of Use Assets
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usd | |
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Document Type
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|
10-Q | |
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Document Quarterly Report
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true | |
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Document Period End Date
DocumentPeriodEndDate
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2022-03-31 | |
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Document Fiscal Year Focus
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2022 | |
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Document Transition Report
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false | |
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Entity File Number
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1-35526 | |
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Entity Registrant Name
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NEONODE INC. | |
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Entity Incorporation State Country Code
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DE | |
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Entity Tax Identification Number
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94-1517641 | |
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Karlavägen 100 | |
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115 26 | |
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Stockholm | |
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SE | |
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+46 (0) | |
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8 667 17 17 | |
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Common Stock, par value $0.001 per share | |
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NEON | |
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|
13576 | shares |
CY2021Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
11504 | shares |
CY2022Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
1437000 | usd |
CY2021Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
1670000 | usd |
CY2022Q1 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
33000 | usd |
CY2021Q1 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-166000 | usd |
CY2022Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-1404000 | usd |
CY2021Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-1836000 | usd |
CY2022Q1 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
-57000 | usd |
CY2022Q1 | neon |
Comprehensive Loss Attributable To Neonode Inc
ComprehensiveLossAttributableToNeonodeInc
|
-1347000 | usd |
CY2021Q1 | neon |
Comprehensive Loss Attributable To Neonode Inc
ComprehensiveLossAttributableToNeonodeInc
|
-1734000 | usd |
CY2020Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
11890000 | usd |
CY2021Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
23000 | usd |
CY2021Q1 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
-166000 | usd |
CY2021Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1670000 | usd |
CY2021Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
10077000 | usd |
CY2021Q2 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
22000 | usd |
CY2021Q2 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
56000 | usd |
CY2021Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1836000 | usd |
CY2021Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
8319000 | usd |
CY2021Q3 | us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
593000 | usd |
CY2021Q3 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
46000 | usd |
CY2021Q3 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
-37000 | usd |
CY2021Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1856000 | usd |
CY2021Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
7065000 | usd |
CY2021Q4 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
14469000 | usd |
CY2021Q4 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
66000 | usd |
CY2021Q4 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
143000 | usd |
CY2021Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1906000 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
19837000 | usd |
CY2022Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
39000 | usd |
CY2022Q1 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
33000 | usd |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1437000 | usd |
CY2022Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
18472000 | usd |
CY2022Q1 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
-1437000 | usd |
CY2021Q1 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
-1670000 | usd |
CY2022Q1 | neon |
Bad Debt Expense
BadDebtExpense
|
39000 | usd |
CY2021Q1 | neon |
Bad Debt Expense
BadDebtExpense
|
23000 | usd |
CY2022Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
45000 | usd |
CY2021Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
199000 | usd |
CY2022Q1 | neon |
Amortization Of Operating Lease Rightofuse Assets
AmortizationOfOperatingLeaseRightofuseAssets
|
-114000 | usd |
CY2021Q1 | neon |
Amortization Of Operating Lease Rightofuse Assets
AmortizationOfOperatingLeaseRightofuseAssets
|
-129000 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-146000 | usd |
CY2021Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-405000 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
1121000 | usd |
CY2021Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
493000 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
|
-98000 | usd |
CY2021Q1 | us-gaap |
Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
|
-299000 | usd |
CY2022Q1 | neon |
Accounts Payable And Accrued Expenses
AccountsPayableAndAccruedExpenses
|
22000 | usd |
CY2021Q1 | neon |
Accounts Payable And Accrued Expenses
AccountsPayableAndAccruedExpenses
|
-657000 | usd |
CY2022Q1 | neon |
Increase Decrease In Deferred Revenues
IncreaseDecreaseInDeferredRevenues
|
-1000 | usd |
CY2021Q1 | neon |
Increase Decrease In Deferred Revenues
IncreaseDecreaseInDeferredRevenues
|
-15000 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
|
-184000 | usd |
CY2021Q1 | us-gaap |
Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
|
-210000 | usd |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-2279000 | usd |
CY2021Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-1990000 | usd |
CY2022Q1 | neon |
Purchase Of Property And Equipment
PurchaseOfPropertyAndEquipment
|
-5000 | usd |
CY2021Q1 | neon |
Purchase Of Property And Equipment
PurchaseOfPropertyAndEquipment
|
-62000 | usd |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-5000 | usd |
CY2021Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-62000 | usd |
CY2022Q1 | neon |
Principal Payments On Finance Lease Obligations
PrincipalPaymentsOnFinanceLeaseObligations
|
61000 | usd |
CY2021Q1 | neon |
Principal Payments On Finance Lease Obligations
PrincipalPaymentsOnFinanceLeaseObligations
|
148000 | usd |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-61000 | usd |
CY2021Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-148000 | usd |
CY2022Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
88000 | usd |
CY2021Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-128000 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-2257000 | usd |
CY2021Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-2328000 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
17383000 | usd |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
10473000 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
15126000 | usd |
CY2021Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
8145000 | usd |
CY2022Q1 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
44000 | usd |
CY2021Q1 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
36000 | usd |
CY2022Q1 | neon |
Cash Paid Net
CashPaidNet
|
2000 | usd |
CY2021Q1 | neon |
Cash Paid Net
CashPaidNet
|
5000 | usd |
CY2022Q1 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>1. Interim Period Reporting</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The accompanying unaudited interim condensed consolidated financial statements include all adjustments consisting of normal recurring adjustments that are, in the opinion of management, necessary for a fair presentation of the financial position and results of operations and cash flows for the interim period presented. The results of operations for the three months ended March 31, 2022 are not necessarily indicative of results for a full fiscal year or any other period.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The accompanying condensed consolidated financial statements for the three months ended March 31, 2022 and 2021 have been prepared by us, pursuant to the rules and regulations of the United States Securities and Exchange Commission (“SEC”). Certain information and footnote disclosures normally contained in financial statements prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) have been condensed or omitted. These condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto contained in our Annual Report on Form 10-K for the fiscal year ended December 31, 2021.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Operations</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Neonode Inc., which is collectively with its subsidiaries referred to as “Neonode” or the “Company” in this report, develops advanced optical sensing solutions for contactless touch, touch, gesture sensing, and scene analysis solutions using advanced machine learning algorithms to detect and track persons and objects in video streams for cameras and other types of imagers. We market and sell our contactless touch, touch, and gesture sensing products and solutions based on our zForce technology platform, and our scene analysis solutions based on our MultiSensing technology platform. We offer our solutions to customers in many different markets and segments including, but not limited to, office equipment, automotive, industrial automation, medical, military and avionics.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In our operations, we have historically focused on three different business areas, human machine interface (“HMI”) Solutions, HMI Products and Remote Sensing Solutions. On May 4, 2021, we announced a new strategy and organizational update targeting an increased focus on the Company’s contactless touch business and on current market opportunities in North America (“AMER”), Asia-Pacific (“APAC”), and Europe, Middle East and Africa (“EMEA”). We thereby changed from a business area organization to a regional sales organization going forward. Revenues are however primarily monitored for each of our revenue streams consisting of license fees, product sales and non-recurring engineering fees.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Liquidity</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We have incurred significant operating losses and negative cash flows from operations since our inception. The Company incurred net losses of approximately $1.4 million and $1.6 million for the three months ended March 31, 2022 and 2021, respectively, and had an accumulated deficit of approximately $204.0 million and $202.6 million as of March 31, 2022 and December 31, 2021, respectively. In addition, operating activities used cash of approximately $2.3 million and $2.0 million for the three months ended March 31, 2022 and 2021, respectively.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The condensed consolidated financial statements included in this report have been prepared on a going concern basis, which contemplates continuity of operations and the realization of assets and the repayment of liabilities in the ordinary course of business.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Management evaluated the significance of the Company’s operating loss and determined that the Company’s current operating plan and sources of potential capital would be sufficient to alleviate concerns about the Company’s ability to continue as a going concern.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In the future, we may require sources of capital in addition to cash on hand to continue operations and to implement our strategy. If our operations do not become cash flow positive, we may be forced to seek equity investments or debt arrangements. No assurances can be given that we will be successful in obtaining such additional financing on reasonable terms, or at all. If adequate funds are not available to us on acceptable terms, or at all, we may be unable to adequately fund our business plans, which could have a negative effect on our business, results of operations and financial condition. If funds are available through the issuance of equity or debt securities, the issuance of equity securities or securities convertible into equity could dilute the value of shares of our common stock and cause the market price to fall, and the issuance of debt securities could impose restrictive covenants on us that could impair our ability to engage in certain business transactions.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We expect revenues will enable us to reduce our operating losses in coming years. In addition, we intend to continue to implement various measures to improve our operational efficiencies. No assurances can be given that management will be successful in meeting its revenue targets and reducing its operating loss.</p> | |
CY2022Q1 | neon |
Net Losses
NetLosses
|
1400000 | usd |
CY2021Q1 | neon |
Net Losses
NetLosses
|
1600000 | usd |
CY2022Q1 | us-gaap |
Retained Earnings Appropriated
RetainedEarningsAppropriated
|
204000000 | usd |
CY2021Q1 | us-gaap |
Retained Earnings Appropriated
RetainedEarningsAppropriated
|
202600000 | usd |
CY2022Q1 | neon |
Net Cash Provided By Used In Operating Activity
NetCashProvidedByUsedInOperatingActivity
|
2300000 | usd |
CY2021Q1 | neon |
Net Cash Provided By Used In Operating Activity
NetCashProvidedByUsedInOperatingActivity
|
2000000 | usd |
CY2022Q1 | neon |
Voting Rights Percentage
VotingRightsPercentage
|
0.50 | pure |
CY2022Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Estimates and Judgments</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">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.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">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 as stock-based compensation. </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> | |
CY2021Q4 | us-gaap |
Standard Product Warranty Accrual
StandardProductWarrantyAccrual
|
36000 | usd |
CY2020Q4 | us-gaap |
Standard Product Warranty Accrual
StandardProductWarrantyAccrual
|
25000 | usd |
CY2022Q1 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
2574000 | usd |
CY2021Q4 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
1446000 | usd |
CY2021Q4 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
10000 | usd |
CY2022Q1 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
979000 | usd |
CY2021Q4 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
1064000 | usd |
CY2022Q1 | us-gaap |
Inventory Net
InventoryNet
|
3553000 | usd |
CY2021Q4 | us-gaap |
Inventory Net
InventoryNet
|
2520000 | usd |
CY2022Q1 | neon |
Provisions For Warranty Issued
ProvisionsForWarrantyIssued
|
-3000 | usd |
CY2021 | neon |
Provisions For Warranty Issued
ProvisionsForWarrantyIssued
|
11000 | usd |
CY2022Q1 | us-gaap |
Standard Product Warranty Accrual
StandardProductWarrantyAccrual
|
33000 | usd |
CY2021Q4 | us-gaap |
Standard Product Warranty Accrual
StandardProductWarrantyAccrual
|
36000 | usd |
CY2022Q1 | neon |
Term Of Stock Options Description
TermOfStockOptionsDescription
|
Stock options granted under the 2006, 2015 and 2020 Plans are exercisable over a maximum term of 10 years from the date of grant, vest in various installments over a one to four-year period and have exercise prices reflecting the market value of the shares of common stock on the date of grant. | |
CY2021Q3 | neon |
Plaintiffs Attorneys Fees And Expenses
PlaintiffsAttorneysFeesAndExpenses
|
400000 | usd |
CY2022Q1 | us-gaap |
Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
|
0.02 | pure |
CY2022Q1 | us-gaap |
Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
|
33000 | usd |
CY2021Q1 | us-gaap |
Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
|
-166000 | usd |
CY2022Q1 | us-gaap |
Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
|
1000 | usd |
CY2021Q1 | us-gaap |
Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
|
82000 | usd |
CY2022Q1 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Concentration of Credit and Business Risks</i></b></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Our customers are located in the United States, Europe and Asia.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As of March 31, 2022, five of our customers represented approximately 85% of our consolidated accounts receivable and unbilled revenues.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As of December 31, 2021, four of our customers represented approximately 76% of our consolidated accounts receivable and unbilled revenues.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Customers who accounted for 10% or more of our net revenues during the three months ended March 31, 2022 are as follows:</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="width: 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Hewlett-Packard Company – 32%</span></td></tr> <tr style="vertical-align: top"> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="vertical-align: top"> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Seiko Epson – 17%</span></td></tr> <tr style="vertical-align: top"> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="vertical-align: top"> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">LG – 15%</span></td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="width: 24px; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Alps Alpine – 11%</span></td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Customers who accounted for 10% or more of our net revenues during the three months ended March 31, 2021 are as follows:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 0.5in; text-align: justify"> </td> <td style="width: 0.25in; text-align: justify"><span style="font-size: 10pt">●</span></td> <td style="text-align: justify"><span style="font-size: 10pt">Hewlett-Packard Company – 19%</span></td></tr> <tr style="vertical-align: top"> <td style="text-align: justify"> </td> <td style="text-align: justify"> </td> <td style="text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="text-align: justify"> </td> <td style="text-align: justify"><span style="font-size: 10pt">●</span></td> <td style="text-align: justify"><span style="font-size: 10pt">LG – 17%</span></td></tr> <tr style="vertical-align: top"> <td style="text-align: justify"> </td> <td style="text-align: justify"> </td> <td style="text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="text-align: justify"> </td> <td style="text-align: justify"><span style="font-size: 10pt">●</span></td> <td style="text-align: justify"><span style="font-size: 10pt">Seiko Epson – 15%</span></td></tr> <tr style="vertical-align: top"> <td style="text-align: justify"> </td> <td style="text-align: justify"> </td> <td style="text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="text-align: justify"> </td> <td style="text-align: justify"><span style="font-size: 10pt">●</span></td> <td style="text-align: justify"><span style="font-size: 10pt">Lexmark – 14%</span></td></tr> <tr style="vertical-align: top"> <td style="text-align: justify"> </td> <td style="text-align: justify"> </td> <td style="text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="text-align: justify"> </td> <td style="text-align: justify"><span style="font-size: 10pt">●</span></td> <td style="text-align: justify"><span style="font-size: 10pt">Alps Alpine – 13%</span></td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> | |
CY2022Q1 | neon |
Number Of Customers
NumberOfCustomers
|
5 | pure |
CY2022Q1 | neon |
Accounts Receivable Percentage
AccountsReceivablePercentage
|
0.85 | pure |
CY2021 | neon |
Number Of Customers
NumberOfCustomers
|
4 | pure |
CY2021 | neon |
Accounts Receivable Percentage
AccountsReceivablePercentage
|
0.76 | pure |
CY2022Q1 | neon |
Revenues Percentage
RevenuesPercentage
|
0.10 | pure |
CY2021Q1 | neon |
Revenues Percentage
RevenuesPercentage
|
0.10 | pure |
CY2022Q1 | neon |
Reduction Of Our Accounts Receivable And Revenue
ReductionOfOurAccountsReceivableAndRevenue
|
64000 | usd |
CY2021 | neon |
Reduction Of Our Accounts Receivable And Revenue
ReductionOfOurAccountsReceivableAndRevenue
|
69000 | usd |
CY2022Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
1142000 | usd |
CY2021Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
1293000 | usd |
CY2022Q1 | us-gaap |
Deferred Revenue
DeferredRevenue
|
103000 | usd |
CY2021Q4 | us-gaap |
Deferred Revenue
DeferredRevenue
|
106000 | usd |
CY2022Q1 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
103000 | usd |
CY2021Q4 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
106000 | usd |
CY2022Q1 | neon |
Recognized Revenues
RecognizedRevenues
|
9000 | usd |
CY2022Q1 | us-gaap |
Advertising Expense
AdvertisingExpense
|
46000 | usd |
CY2021Q1 | us-gaap |
Advertising Expense
AdvertisingExpense
|
19000 | usd |
CY2022Q1 | neon |
Outstanding Voting Shares Percentage
OutstandingVotingSharesPercentage
|
0.50 | pure |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
14.4 | |
CY2022Q1 | neon |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Share Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicShareValue
|
2500 | shares |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
|
0 | usd |
CY2022Q1 | neon |
Gross Sales Price Percentage
GrossSalesPricePercentage
|
0.03 | pure |
CY2020Q3 | neon |
Description Of Shares Of Common Stock
DescriptionOfSharesOfCommonStock
|
stockholders approved a proposal to increase the number of authorized shares of our common stock to 25,000,000 shares. Accordingly, on November 5, 2020, we filed an amendment to the Neonode Inc. Restated Certificate of Incorporation, as amended (our “Certificate of Incorporation”), with the Secretary of State of the State of Delaware to increase the number of authorized shares of our common stock to 25,000,000 shares. | |
CY2021Q3 | us-gaap |
Shares Issued
SharesIssued
|
12830 | shares |
CY2021Q4 | us-gaap |
Shares Issued
SharesIssued
|
14735 | shares |
CY2021Q4 | us-gaap |
Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
|
1808000 | shares |
CY2021Q4 | us-gaap |
Sale Of Stock Price Per Share
SaleOfStockPricePerShare
|
7.75 | |
CY2021Q4 | us-gaap |
Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
|
13100000 | usd |
CY2022Q1 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
0 | shares |
CY2021Q4 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
431368 | shares |
CY2020Q4 | us-gaap |
Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
|
37288 | shares |
CY2020Q4 | neon |
Market Value Percentage
MarketValuePercentage
|
0.30 | pure |
CY2020 | us-gaap |
Payments For Merger Related Costs
PaymentsForMergerRelatedCosts
|
75000 | usd |
CY2020 | neon |
Stock Related Cost Percentage
StockRelatedCostPercentage
|
0.30 | pure |
CY2020 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
77000 | usd |
CY2021Q3 | us-gaap |
Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
|
12830 | shares |
CY2021Q3 | neon |
Market Value Percentage
MarketValuePercentage
|
0.30 | pure |
CY2021Q4 | us-gaap |
Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
|
14735 | shares |
CY2021Q4 | neon |
Market Value Percentage
MarketValuePercentage
|
0.30 | pure |
CY2021 | us-gaap |
Payments For Merger Related Costs
PaymentsForMergerRelatedCosts
|
46000 | usd |
CY2021 | neon |
Stock Related Cost Percentage
StockRelatedCostPercentage
|
0.30 | pure |
CY2021 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
38000 | usd |
CY2022Q1 | us-gaap |
Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
|
39000 | usd |
CY2021Q1 | us-gaap |
Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
|
23000 | usd |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
9500 | shares |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
26.19 | |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
|
7000 | shares |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
|
30.4 | |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
2500 | shares |
CY2013Q2 | neon |
Nonrecurring Engineering Costs Description
NonrecurringEngineeringCostsDescription
|
On April 25, 2013, we entered into an Analog Device Development Agreement with an effective date of December 6, 2012 (the “NN1002 Agreement”) with Texas Instruments (“TI”) pursuant to which TI agreed to integrate our intellectual property into an ASIC. 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 2,000,000 ASICs sold. | |
CY2022Q1 | neon |
Nonrecurring Engineering Costs Description
NonrecurringEngineeringCostsDescription
|
we had made no payments to TI under the NN1002 Agreement. | |
CY2022Q1 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
1 | pure |
CY2022Q1 | us-gaap |
Revenues
Revenues
|
1318000 | usd |
CY2022Q1 | neon |
Revenue Percentage Net
RevenuePercentageNet
|
1 | pure |
CY2021Q1 | us-gaap |
Revenues
Revenues
|
1665000 | usd |
CY2021Q1 | neon |
Revenue Percentage Net
RevenuePercentageNet
|
1 | pure |
CY2022Q1 | us-gaap |
Noncurrent Assets
NoncurrentAssets
|
21307000 | usd |
CY2021Q4 | us-gaap |
Noncurrent Assets
NoncurrentAssets
|
22922000 | usd |
CY2022Q1 | us-gaap |
Lessor Operating Lease Description
LessorOperatingLeaseDescription
|
Our leases have remaining lease terms of two months to two years. One of our primary operating leases includes options to extend the lease for one to three years and the other primary lease includes an option to annually prolong; those operating leases also include options to terminate the leases within one year. | |
CY2022Q1 | us-gaap |
Lessor Operating Lease Option To Extend
LessorOperatingLeaseOptionToExtend
|
Our Stockholm corporate office lease has a remaining lease term of under one year and both of our leases are automatically renewed at a cost increase of 2% on an annual basis, unless we provide written notice nine months prior to the respective expiration dates. | |
CY2022Q1 | us-gaap |
Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
|
30000 | usd |
CY2021Q1 | us-gaap |
Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
|
169000 | usd |
CY2022Q1 | us-gaap |
Finance Lease Interest Expense
FinanceLeaseInterestExpense
|
2000 | usd |
CY2021Q1 | us-gaap |
Finance Lease Interest Expense
FinanceLeaseInterestExpense
|
4000 | usd |
CY2022Q1 | neon |
Finance Lease Cost
FinanceLeaseCost
|
32000 | usd |
CY2021Q1 | neon |
Finance Lease Cost
FinanceLeaseCost
|
173000 | usd |
CY2022Q1 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
44000 | usd |
CY2021Q1 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
38000 | usd |
CY2021Q1 | us-gaap |
Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
|
P0Y10M24D | |
CY2022Q1 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
184000 | usd |
CY2021Q1 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
210000 | usd |
CY2022Q1 | neon |
Operating Cash Flows From Finance Leases
OperatingCashFlowsFromFinanceLeases
|
-2000 | usd |
CY2021Q1 | neon |
Operating Cash Flows From Finance Leases
OperatingCashFlowsFromFinanceLeases
|
-4000 | usd |
CY2022Q1 | neon |
Financing Cash Flow From Finance Leases
FinancingCashFlowFromFinanceLeases
|
-61000 | usd |
CY2021Q1 | neon |
Financing Cash Flow From Finance Leases
FinancingCashFlowFromFinanceLeases
|
-148000 | usd |
CY2022Q1 | neon |
Operating Lease Rightofuse Other Assets
OperatingLeaseRightofuseOtherAssets
|
450000 | usd |
CY2021Q4 | neon |
Operating Lease Rightofuse Other Assets
OperatingLeaseRightofuseOtherAssets
|
584000 | usd |
CY2022Q1 | neon |
Operating Lease Obligations Current
OperatingLeaseObligationsCurrent
|
245000 | usd |
CY2021Q4 | neon |
Operating Lease Obligations Current
OperatingLeaseObligationsCurrent
|
425000 | usd |
CY2022Q1 | neon |
Operating Lease Liabilities Noncurrent Net
OperatingLeaseLiabilitiesNoncurrentNet
|
95000 | usd |
CY2021Q4 | neon |
Operating Lease Liabilities Noncurrent Net
OperatingLeaseLiabilitiesNoncurrentNet
|
117000 | usd |
CY2022Q1 | neon |
Operating Lease Liabilities
OperatingLeaseLiabilities
|
340000 | usd |
CY2021Q4 | neon |
Operating Lease Liabilities
OperatingLeaseLiabilities
|
542000 | usd |
CY2022Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
2707000 | usd |
CY2021Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
3463000 | usd |
CY2022Q1 | neon |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment Excluding Capital Leased Asset
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentExcludingCapitalLeasedAsset
|
2472000 | usd |
CY2021Q4 | neon |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment Excluding Capital Leased Asset
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentExcludingCapitalLeasedAsset
|
3199000 | usd |
CY2022Q1 | neon |
Finance Lease Property And Equipment Net
FinanceLeasePropertyAndEquipmentNet
|
235000 | usd |
CY2021Q4 | neon |
Finance Lease Property And Equipment Net
FinanceLeasePropertyAndEquipmentNet
|
264000 | usd |
CY2022Q1 | neon |
Finance Lease Obligations Current
FinanceLeaseObligationsCurrent
|
150000 | usd |
CY2021Q4 | neon |
Finance Lease Obligations Current
FinanceLeaseObligationsCurrent
|
258000 | usd |
CY2022Q1 | neon |
Finance Lease Liabilities Non Current
FinanceLeaseLiabilitiesNonCurrent
|
101000 | usd |
CY2021Q4 | neon |
Finance Lease Liabilities Non Current
FinanceLeaseLiabilitiesNonCurrent
|
65000 | usd |
CY2022Q1 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
251000 | usd |
CY2021Q4 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
323000 | usd |
CY2022Q1 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P1Y6M | |
CY2021Q1 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P1Y6M | |
CY2022Q1 | us-gaap |
Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
|
P2Y | |
CY2021Q1 | us-gaap |
Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
|
0.02 | pure |
CY2021Q4 | neon |
Lessee Operating Lease Liability Payment Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentDueNextTwelveMonths
|
219000 | usd |
CY2021Q4 | neon |
Operating Leases Future Minimum Payment Due Current
OperatingLeasesFutureMinimumPaymentDueCurrent
|
79000 | usd |
CY2021Q4 | neon |
Lessee Operating Lease Liability Payment Due Three Year
LesseeOperatingLeaseLiabilityPaymentDueThreeYear
|
59000 | usd |
CY2021Q4 | neon |
Operating Leases Future Minimum Payment Due
OperatingLeasesFutureMinimumPaymentDue
|
357000 | usd |
CY2021Q4 | us-gaap |
Receivable With Imputed Interest Net Amount
ReceivableWithImputedInterestNetAmount
|
17000 | usd |
CY2021Q4 | neon |
Total Lease Liabilities
TotalLeaseLiabilities
|
340000 | usd |
CY2021Q4 | neon |
Less Current Portion
LessCurrentPortion
|
-245000 | usd |
CY2021Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
95000 | usd |
CY2021Q4 | neon |
Capital Leases Future Minimum Payment Due In Three Years
CapitalLeasesFutureMinimumPaymentDueInThreeYears
|
30000 | usd |
CY2021Q4 | neon |
Capital Leases Future Minimum Payment Due In Four Years
CapitalLeasesFutureMinimumPaymentDueInFourYears
|
11000 | usd |
CY2022Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
13576 | shares |
CY2021Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
11504 | shares |
CY2022Q1 | neon |
Net Loss Attributable To Neonode Inc
NetLossAttributableToNeonodeInc
|
-1380000 | usd |
CY2021Q1 | neon |
Net Loss Attributable To Neonode Inc
NetLossAttributableToNeonodeInc
|
-1568000 | usd |
CY2022Q1 | us-gaap |
Net Income Loss Per Outstanding Limited Partnership And General Partnership Unit Basic And Diluted
NetIncomeLossPerOutstandingLimitedPartnershipAndGeneralPartnershipUnitBasicAndDiluted
|
-0.1 | |
CY2021Q1 | us-gaap |
Net Income Loss Per Outstanding Limited Partnership And General Partnership Unit Basic And Diluted
NetIncomeLossPerOutstandingLimitedPartnershipAndGeneralPartnershipUnitBasicAndDiluted
|
-0.14 | |
CY2022Q1 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
usd | |
CY2022Q1 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2022Q1 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
CY2022Q1 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q1 | |
CY2022Q1 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0000087050 |