Cash and cash equivalents

12 Months Ended

Dec. 31, 2011

Cash and Cash Equivalents [Abstract]

Cash and Cash Equivalents Disclosure [Text Block]

4. Cash and cash equivalents

We invest our cash in short-term deposits with major banks. As of December 31, 2011 we held $3,704 of cash and cash equivalents.

Cash and cash equivalents consist of cash and temporary investments with maturities of 90 days or less when purchased.

Concentrations

The Company held $3,123 and $8,433 of its cash and cash equivalents at December 31, 2011 and December 31, 2010, respectively, through Medicsight, its majority owned subsidiary, at financial institutions in Europe, United Arab Emirates (“UAE”) and Australia. Cash held in foreign institutions is not insured by the Federal Deposit Insurance Corporation.