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Subsequent Events | 12 Months Ended
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Dec. 31, 2011
Subsequent Events [Abstract] |
Subsequent Events [Text Block] | 18. Subsequent Events On January 5, 2012, the Company signed a technology license agreement with a global OEM to use the Company’s touchscreen technology in a series of GPS devices. On January 10, 2012, the U.S. Patent and Trademark Office issued to the Company patent number 8,095,879 for sweep gesture user interfaces. The patent covers activating a function in response to a touch-and-glide operation on a touch sensitive surface. This patent complements Neonode’s U.S. patents 7,880,732 and 8,068,101 for small to midsize touchscreen devices. The patented technology is marketed and sold as Neonode’s offer to OEMs and ODMs. On January 15, 2012, the Company signed a technology license agreement with a global top 5 printer OEM to use the Company’s touchscreen technology in a series of printers. In conjunction with the signing of this technology license agreement, the OEM agreed to pay the Company $50,000 in non-recurring engineering development fees. We are deferring the engineering development fee revenue until such time as the engineering work has been completed. We expect to complete all services under this contract in 2012. On January 19, 2012, we signed a technology license agreement with an OEM related to use of our touchscreen technology for a universal color touch display for Tablet PCs. In conjunction with the signing of this technology license agreement, the OEM agreed to pay us $65,000 in non-recurring engineering development fees. We are deferring the engineering development fee revenue until such time as the engineering work has been completed. We expect to complete all services under this contract in 2012. On January 30, 2012, the Board of Directors of Neonode Inc. adopted an amendment to the 2006 Plan to increase the number of shares of common stock authorized by issuance under the 2006 Plan by an additional two million (2,000,000) shares. On February 21, 2012, the Company announced the release of its newly developed Multi-Sensing technology that provides a new way for machines to communicate with the human senses, and enables a far more augmented and profound user experience than traditional touch. On February 29, 2012, the Company filed a Certificate of Correction with the Secretary of State of Delaware effectively reducing the amount of its authorized shares from 848,000,000 shares of Common Stock and 2,000,000 shares of Preferred Stock to 70,000,000 shares of Common Stock and 1,000,000 shares of Preferred Stock. This correction reflects the new capital structure of the Company following its 1-for-25 reverse split that became effective at the close of business on March 25, 2011. On March 9, 2012, Series B Preferred stockholders exchanged 19 shares of Series B Preferred stock for 2,509 shares of our common stock. On March 12, 2012, we signed a technology license agreement with IDT Technology Limited, a subsidiary of Oregon Scientific for the use of our touchscreen technology in a tablet for children. On March 16, 2012, John Reardon, a member of our board of directors, exercised a warrant to purchase 200,000 shares of common stock using the net exercise provision allowed in the warrant and received 174,798 shares of our common stock. On March 22, 2012, we entered into a 39 month lease with 2350 Mission Investors LLC for approximately 3,185 square feet of office space located at 2350 Mission College Blvd, Suite 190, Santa Clara, CA 95054 USA. The initial monthly lease payment is approximately $7,000 per month, increasing to approximately $7,700 per month over the term of the lease.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
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