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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Net revenues $ 283 $ 123 $ 822 $ 269
Cost of revenues 238 104 393 166
Gross margin 45 19 429 103
Operating expenses:        
Product research and development 382 220 658 630
Sales and marketing 363 56 715 87
General and administrative 921 363 1,785 703
Amortization of fair value of stock issued to related parties for purchase of Neonode Technologies AB (formerly AB Cypressen) 0 1,584 0 3,168
Total operating expenses 1,666 2,223 3,158 4,588
Operating loss (1,621) (2,204) (2,729) (4,485)
Other (expense) income:        
Interest expense (81) (50) (135) (78)
Non-cash items related to debt discounts and deferred financing fees and the valuation of conversion features and warrants (1,014) (11,545) (9,568) (11,480)
Total other income (expense), net (1,095) (11,595) (9,703) (11,558)
Loss before provision for income taxes (2,716) (13,799) (12,432) (16,043)
Provision for income taxes 6 0 11 0
Net loss (2,722) (13,799) (12,443) (16,043)
Foreign currency translation gain (loss) (21) 11 18 16
Comprehensive loss $ (2,743) $ (13,788) $ (12,425) $ (16,027)
Loss per common share:        
Basic and diluted loss per share $ (0.10) $ (0.80) $ (0.50) $ (0.94)
Basic and diluted – weighted average shares used in per share computations 27,642 17,279 25,039 17,016