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Loans receivable - related party
6 Months Ended
Jun. 30, 2012
Loans Receivable Related Party [Abstract]  
Loans Receivable Related Party [Text Block]

Note 5: Loans receivable — related party

 

Dunamis Capital

 

On September 6, 2010, Medicsight made a short-term loan of $1,100 (£711) to Dunamis Capital (“Dunamis”) repayable by December 31, 2010, along with $36 (£23) of interest. Dunamis paid back the principal of $1,100 (£711) and interest of $48 (£31) on February 6, 2011 and February 10, 2011 respectively. Dunamis had provided the assets of the business as collateral against the loan made by Medicsight. Dunamis was considered a related party, as two former directors of Medicsight were also directors of Dunamis Capital (Note 13).