Segment reporting

3 Months Ended

Mar. 31, 2013

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

Note 11: Segment reporting

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 2). We evaluate performance of our operating segments based on revenue and operating (loss). Segment information as of March 31, 2013, and December 31, 2012, are as follows:

	Medicsight
	Software / devices			Services		MGT Gaming			Unallocated corporate / other			Total
Three months ended March 31, 2013
Revenue from external customers	$	11		$	75	$	–		$	–		$	86
Cost of revenue		–			63		–						63
Gross profit		11			12		–						23
Operating profit/(loss)		(4	)		5		(121	)		(1,018	)		(1,138	)
Three months ended March 31, 2012
Revenue from external customers	$	193		$	20	$	–		$	–		$	213
Cost of revenue		36			–		–			–			36
Gross profit		157			20		–			–			177
Operating profit/(loss)		(484	)		13		–			(206	)		(677	)
March 31, 2013
Cash and cash equivalents (excluding $2,039 restricted cash)	$	276		$	–	$	4		$	2,398		$	2,678
Intangible assets		–			–		1,743			–			1,743
December 31, 2012
Cash and cash equivalents (excluding $2,039 restricted cash)	$	330		$	–	$	49		$	3,064		$	3,443
Intangible assets (restated)		–			–		1,795			–			1,795