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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash $ 3,025 $ 6,555
Accounts receivable and unbilled revenue, net 1,934 1,830
Projects in process 7
Inventory 1,104 1,219
Prepaid expenses and other current assets 862 890
Total current assets 6,932 10,494
Investment in joint venture 3 3
Property and equipment, net 1,704 2,484
Operating lease right-of-use assets 581
Other assets 290 261
Total assets 9,510 13,242
Current liabilities:    
Accounts payable 498 501
Accrued payroll and employee benefits 828 902
Accrued expenses 178 265
Deferred revenues 54 75
Current portion of finance lease obligations 552 570
Current portion of operating lease obligations 413
Total current liabilities 2,523 2,313
Finance lease obligations, net of current portion 599 1,133
Operating lease obligations, net of current portion 105
Total liabilities 3,227 3,446
Commitments and contingencies
Stockholders' equity:    
Series B Preferred stock, 54,425 shares authorized with par value $0.001 per share; 0 and 82 shares issued and outstanding at September 30, 2019 and December 31, 2018, respectively. (In the event of dissolution, each share of Series B Preferred stock has a liquidation preference equal to par value of $0.001 per share over the shares of common stock)
Common stock, 15,000,000 shares authorized with par value $0.001 per share; 8,811,154 and 8,800,313 shares issued and outstanding at September 30, 2019 and December 31, 2018, respectively. 9 9
Additional paid-in capital 197,507 197,507
Accumulated other comprehensive loss (756) (456)
Accumulated deficit (188,145) (185,222)
Total Neonode Inc. stockholders' equity 8,615 11,838
Noncontrolling interests (2,332) (2,042)
Total stockholders' equity 6,283 9,796
Total liabilities and stockholders' equity $ 9,510 $ 13,242