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Subsequent Events | 9 Months Ended
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Sep. 30, 2018
Subsequent Events [Abstract] |
Subsequent Events | 8. Subsequent Events We have evaluated subsequent events through the filing date of this Form 10-Q, and determined that the following subsequent events have occurred that would require disclosure in the notes thereto other than as discussed in the accompanying notes. As previously disclosed, at the annual meeting of stockholders on June 7, 2018, Neonode stockholders approved an amendment to the restated certification of incorporation to effect a reverse stock split of the Company’s common stock, in the range of 1-for-5 to 1-for-15 at the discretion of the board of directors. The board approved a 1-for-10 reverse stock split of the Company’s issued and outstanding shares of common stock, and on September 27, 2018, the Company filed the certificate of first amendment to its restated certificate of incorporate with the state of Delaware to effect the reverse stock split, effective October 1, 2018. As a result of the reverse stock split, every ten shares of issued and outstanding common stock were converted into one share of common stock, without any change in the par value per share. No fractional shares were issued, therefore shareholders entitled to receive a fractional share in connection with the reverse stock split received a cash payment instead. There was no financial impact to the Company’s condensed consolidated financial statements. All shares and per share information in this Form 10-Q has been retroactively adjusted for all periods presented to reflect the reverse stock split, including reclassifying any amount equal to the reduction in par value of common stock to additional paid-in capital. Trading of the Company’s common stock continued on the NASDAQ Capital Market on a reverse stock split-adjusted basis beginning on October 1, 2018. At the annual meeting of stockholders on June 7, 2018, stockholders of the Company also approved the reduction in the number of authorized shares of common stock in corresponding proportion to the reverse stock split. As a result, the Company filed a certificate of second amendment to its restated certificate of incorporation with the state of Delaware to reduce the number of authorized shares of common stock from 100,000,000 to 10,000,000 shares.

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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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 + Details
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