Cash and cash equivalents

6 Months Ended

Jun. 30, 2012

Cash and Cash Equivalents [Abstract]

Cash and Cash Equivalents Disclosure [Text Block]

Note 4: Cash and cash equivalents

We invest our cash in short-term deposits with major banks. As of June 30, 2012, we held $5,658 of cash and cash equivalents.

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

Concentrations

We maintain cash and cash equivalents with certain major financial institutions, in the US, Europe and the UK. As of June 30, 2012, our cash balance was $5,658. Of the total cash balance, $3,271 was covered by federal depository insurance in the US and $2,387 was uninsured in foreign institutions.