Segment reporting (restated)

9 Months Ended

Sep. 30, 2012

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

Note 17: Segment reporting (restated)

Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker, or decision-making group in deciding how to allocate resources and in assessing performance. Our chief operating decision-making group is composed of the chief executive officer, chief financial officer and members of senior management. We operate in three operational segments, Medicsight Software/Devices, Medicsight Services and MGT Gaming. Certain corporate expenses are not allocated to segments.

The accounting policies of the segments are the same as those described in the summary of significant accounting policies (Note 3). We evaluate performance of our operating segments based on revenue and operating (loss). Segment information as of September 30, 2012 and December 31, 2011 and for the three and nine months ended September 30, 2012 and September 30, 2011 are as follows: 

	Medicsight						MGT Gaming			Unallocated corporate/other
	Software/Devices			Services			(Restated)			(Restated)			Total
Three months ended September 30, 2012
Revenue from external customers	$	9		$	58		$	–		$	–		$	67
Cost of revenue		–			53			–			–			53
Gross margin		9			5			–			–			14
Operating loss		(240	)		–			(77	)		(494	)		(811	)
Three months ended September 30, 2011
Revenue from external customers	$	167		$	–		$	–		$	–		$	167
Cost of revenue		5			–			–			–			5
Gross margin		162			–			–			–			162
Operating loss		(1,614	)		–			–			(334	)		(1,948	)
Nine months ended September 30, 2012
Revenue from external customers	$	215		$	121		$	–		$	–		$	336
Cost of revenue		36			116						–			152
Gross margin		179			5			–			–			184
Operating loss		(1,196	)		(14	)		(146	)		(1,262	)		(2,618	)
Nine months ended September 30, 2011
Revenue from external customers	$	431		$	–		$	–		$	–		$	431
Cost of revenue		105			–			–			–			105
Gross margin		326			–			–			–			326
Operating loss		(6,202	)		–			–			(758	)		(6,960	)
June 30, 2012
Cash and cash equivalents	$	2,372		$	–		$	72		$	2,420		$	4,864
Intangible assets (Restated)		–			–			1,845			–			1,845
December 31, 2011
Cash and cash equivalents	$	3,123		$	–		$	–		$	581		$	3,704
Intangible assets		–			–			–			–			–