XML 29 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Net revenues $ 6,067 $ 440
Cost of revenues 908 268
Gross margin 5,159 172
Operating expenses:    
Product research and development 1,858 1,873
Sales and marketing 1,812 566
General and administrative 3,533 3,588
Amortization of fair value of stock issued to related parties for purchase of Neonode Technologies AB (formerly AB Cypressen) 0 3,168
Total operating expenses 7,203 9,195
Operating loss (2,044) (9,023)
Other expense:    
Interest and other expense (288) (179)
Loss on extinguishment of debt 0 (2,416)
Non-cash items related to debt discounts and deferred financing fees and the valuation of conversion features and warrants (14,735) (19,963)
Total other expense (15,023) (22,558)
Loss before provision for income taxes (17,067) (31,581)
Provision for income taxes 78 45
Net loss $ (17,145) $ (31,626)
Loss per common share:    
Basic and diluted loss per share $ (0.64) $ (1.73)
Basic and diluted – weighted average shares used in per share computations 26,784 18,293