Subsequent Events

3 Months Ended

Mar. 31, 2013

Subsequent Events [Abstract]

Subsequent Events

9.  Subsequent Events

On April 1, 2013, warrant holders exercised warrants to purchase 55,000 shares of common stock using the net exercise provision allowed in the warrant and received 25,720 shares of our common stock.

On April 3, 2013, the Company issued a warrant to an investor to purchase 40,000 shares of common stock at an exercise price of $1.00 per share. On April 4, 2013 the warrant holder paid $40,000 and exercised the warrant.

On April 5, 2013, a warrant holder paid $120,244 in connection with a cash exercise of a warrant to purchase 80,000 shares of common stock with an exercise price of $1.38 per share and a warrant to purchase 3,145 shares of common stock with an exercise price of $3.13 per share.

On April 16, 2013, Neonode Technologies AB renewed a lease with No Picnic for 2,853 square feet of office space located at Storgatan 23C, Stockholm, Sweden for approximately $14,000 per month including property tax (excluding VAT). The annual payment for this space equates to approximately $174,000 per year including property tax (excluding VAT). This lease is valid through April 15, 2014.

On April 18, 2013, a warrant holder exercised a warrant to purchase 40,000 shares of common stock using the net exercise provision allowed in the warrant and received 30,663 shares of our common stock.

On May 3, 2013, a warrant holder paid $34,500 in connection with a cash exercise of a warrant to purchase 25,000 shares of common stock with an exercise price of $1.38 per share.