Restatement of previously issued financial statement (Tables)

3 Months Ended

Mar. 31, 2013

Statement Of Financial Position [Abstract]

Schedule of Condensed Financial Statements [Table Text Block]

The effects of the revision on the unaudited financial statements are summarized below:

Condensed Consolidated Balance Sheets

	December 31, 2012
	As previously reported			Adjustments			As restated
Assets:
Current assets:
Cash and cash equivalents	$	3,443		$	–		$	3,443
Accounts receivable		9			–			9
Prepaid expenses and other current assets		340			–			340
Total current assets		3,792			–			3,792
Non-current assets:
Restricted cash		2,039			–			2,039
Property and equipment, at cost, net		25			–			25
Intangible assets, net of accumulated amortization of $118 (as revised)		1,704			91			1,795
Total assets	$	7,560		$	91		$	7,651
Liabilities:
Current liabilities:
Accounts payable	$	242		$	–		$	242
Accrued expenses		196			76			272
Other payables		67			–			67
Total current liabilities		505			76			581
Non-current liabilities:
Derivative liability - warrants		–			7,166			7,166
Total liabilities		505			7,242			7,747
Redeemable convertible preferred stock – temporary equity
Preferred Stock, Series A Convertible Preferred, $0.001 par value; 1,394,766 shares authorized; 1,394,766 shares issued and outstanding at December 31, 2012 ($4,547 Liquidation preference)		–			47			47
Stockholders' equity/(deficit):
Preferred Stock, Series A Convertible Preferred, $0.001 par value; 1,394,766 shares authorized; 1,394,766 shares issued and outstanding at December 31, 2012 ($4,547 Liquidation preference)		1			(1	)		–
Common stock, $0.001 par value; 75,000,000 shares authorized; 3,251,187 and 2,108,732 shares issued and outstanding at December 31, 2012, and 2011, respectively		3			–			3
Additional paid in capital		295,050			(12,052	)		282,998
Accumulated other comprehensive loss		(281	)		–			(281	)
Accumulated deficit		(288,447	)		4,816			(283,631	)
Total stockholders’ equity/(deficit)		6,326			(7,237	)		(911	)
Non-controlling interests		729			39			768
Total equity		7,055			(7,198	)		(143	)
Total stockholders' equity/(deficit), liabilities and non-controlling interest	$	7,560		$	91		$	7,651

Condensed Consolidated Statement of Stockholders' Equity

	Preferred stock						Common stock				Additional			Accumulated						Total
	Shares			Amounts			Shares		Amounts		paid-in capital			comprehensive income / (loss)			Accumulated deficit			shareholders' equity			Non-controlling interests			Total equity
At December 31, 2012 (as previously reported)		1,395		$	1			3,251	$	3	$	295,050		$	(281	)	$	(288,447	)	$	6,326		$	729		$	7,055
Reversal of Warrants issued in connection with acquisition of intangible assets												(808	)								(808	)					(808	)
Reversal of non-controlling share of MGT Gaming, Inc.																					–			42			42
Restatement of Intangible Amortization Expense and Derivative Gain/Loss Expense																		59			59			(3	)		56
Reversal of issuance of Preferred stock & warrants, net of issuance costs of $87		(1,380	)		(1	)						(4,411	)					(87	)		(4,499	)					(4,499	)
Preferred Stock Dividend - accretion of warrants												(2,478	)					2,478			–						–
Reversal of deemed dividend of beneficial conversion feature of Preferred Convertible Series A stock to common stock												(2,021	)					2,021			–						–
Reversal of quarterly dividend on Preferred stock		(15	)									(56	)					56			–						–
Warrant - Deemed Dividend (in excess of proceeds received)												(2,231	)								(2,231	)					(2,231	)
Revaluation of Warrant Derivative																		365			365						365
Preferred Stock Dividend												(47	)								(47	)					(47	)
Adjustment to accrued expenses																		(76	)		(76	)					(76	)
At December 31, 2012 (restated)		–		$	–			3,251	$	3	$	282,998		$	(281	)	$	(283,631	)	$	(911	)	$	768		$	(143	)