Cash and cash equivalents

9 Months Ended

Sep. 30, 2012

Cash and Cash Equivalents [Abstract]

Cash and Cash Equivalents Disclosure [Text Block]

Note 5: Cash and cash equivalents

We invest our cash in short-term deposits with major banks. As of September 30, 2012, we held $4,864 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 and the UK. As of September 30, 2012, our cash balance was $4,864. Of the total cash balance, $2,543 is covered under the US federal depository insurance limit and $2,241 is uninsured in foreign institutions.