Line of credit facility

12 Months Ended

Dec. 31, 2011

Line Of Credit Facility [Abstract]

Line of credit facility [Text Block]

17. Line of credit facility

On April 12, 2011 the Company entered into a Revolving Line of Credit and Security Agreement with Laddcap for up to $500 for a fifteen month term. The Agreement encompasses a standby commitment fee of two (2%) percent of the maximum loan amount along with an eight (8%) percent interest charge on any funds drawn. The Company has fully accrued the commitment fee of $10 as of December 31, 2011 and expensed $6k associated to the facility in 2011. Laddcap is a related party as the Managing Partner and beneficial owner of LaddCap is a shareholder and Chief Executive Officer of MGT. No amounts have been drawn down against the facility as of the date of the filing of the Company’s Form 10-K for the year ended December 31, 2011.