Cash and cash equivalents

3 Months Ended

Mar. 31, 2012

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 March 31, 2012, we held $3,342 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 $3,021 and $3,123 of its cash and cash equivalents at March 31, 2012 and December 31, 2011, respectively, through Medicsight, its majority owned subsidiary, at financial institutions in Europe and United Arab Emirates (“UAE”).   Cash held in foreign institutions is not insured by the Federal Deposit Insurance Corporation.