Short Term Borrowings	6 Months Ended
Jun. 30, 2020
Debt Disclosure [Abstract]
Short Term Borrowings	*3. Short-Term Borrowings* During the six months ended June 30, 2020, the Company was granted a credit from the Swedish Tax Authority covering social charges and staff withholding taxes relating to January through March 2020 payroll, as part of Swedish governmental COVID-19 support. The total amount is $563,000 and the credit is for 12 months but can be repaid earlier if desired. There is a 1.25% annual non-deductible interest and a credit fee of 0.2% from the seventh month of the granted credit. On June 17, 2020, the Company entered into short-term loan facilities (the "Loan Agreements") with entities beneficially owned by each of Ulf Rosberg and Peter Lindell, directors of Neonode (the "Directors"). Pursuant to the Loan Agreements, each entity owned by the Director made approximately $1.7 million in U.S. dollars, principal amount available to the Company. Subsequent to entering into the Loan Agreements, the Company made an initial drawdown of an aggregate of approximately $1.0 million. Each of the Loan Agreements provides for a credit fee of 0.75% per annum, calculated on a daily basis from the date of the Loan Agreement, and any outstanding amount incurs interest at a fixed rate of 3.25% per annum, calculated on a daily basis from the drawdown date. Drawdowns under the Loan Agreements will be unavailable upon the earlier to occur of the execution of a capital raise by Neonode or December 31, 2020. If the Company completes a capital raise before December 31, 2020, any outstanding amount under the Loan Agreements, including any credit fee and interest, becomes payable as soon as practicably possible after such capital raise. If a capital raise is not completed by December 31, 2020, or if the funds from the capital raise are insufficient to repay the full outstanding amount under the Loan Agreements, then the outstanding amount under the Loan Agreements, including any credit fee and interest, is due and payable on February 28, 2021. On August 7, 2020, Neonode completed the above-mentioned capital raise and issued 1,034 shares of the Company's Preferred Shares to the entities owned by the Directors, Ulf Rosberg and Peter Lindell, to repay the indebtedness and accrued interest. As a result, the related Loan Agreements were terminated in accordance with their terms.

Short Term Borrowings

6 Months Ended

Jun. 30, 2020

3. Short-Term Borrowings

During the six months ended June 30, 2020, the Company was granted a credit from the Swedish Tax Authority covering social charges and staff withholding taxes relating to January through March 2020 payroll, as part of Swedish governmental COVID-19 support. The total amount is $563,000 and the credit is for 12 months but can be repaid earlier if desired. There is a 1.25% annual non-deductible interest and a credit fee of 0.2% from the seventh month of the granted credit.

On June 17, 2020, the Company entered into short-term loan facilities (the "Loan Agreements") with entities beneficially owned by each of Ulf Rosberg and Peter Lindell, directors of Neonode (the "Directors"). Pursuant to the Loan Agreements, each entity owned by the Director made approximately $1.7 million in U.S. dollars, principal amount available to the Company. Subsequent to entering into the Loan Agreements, the Company made an initial drawdown of an aggregate of approximately $1.0 million.

Each of the Loan Agreements provides for a credit fee of 0.75% per annum, calculated on a daily basis from the date of the Loan Agreement, and any outstanding amount incurs interest at a fixed rate of 3.25% per annum, calculated on a daily basis from the drawdown date. Drawdowns under the Loan Agreements will be unavailable upon the earlier to occur of the execution of a capital raise by Neonode or December 31, 2020. If the Company completes a capital raise before December 31, 2020, any outstanding amount under the Loan Agreements, including any credit fee and interest, becomes payable as soon as practicably possible after such capital raise. If a capital raise is not completed by December 31, 2020, or if the funds from the capital raise are insufficient to repay the full outstanding amount under the Loan Agreements, then the outstanding amount under the Loan Agreements, including any credit fee and interest, is due and payable on February 28, 2021.

On August 7, 2020, Neonode completed the above-mentioned capital raise and issued 1,034 shares of the Company's Preferred Shares to the entities owned by the Directors, Ulf Rosberg and Peter Lindell, to repay the indebtedness and accrued interest. As a result, the related Loan Agreements were terminated in accordance with their terms.