NOTE 8 – RESTRICTED CASH

A summary of the Company’s restricted cash included in the accompanying Condensed Consolidated Balance Sheets as of March 31, 2012 and December 31, 2011 were as follows:

	March 31,		December 31,
	2012		2011
Included under the caption "Other assets":
Collateral accounts	$	1,311	$	3,120
Rental deposits		277		268
Total amount under the caption "Other assets":	$	1,588	$	3,388

Included under the caption "Prepaid and other":
Social tax payment reserves	$	1	$	3
Rental deposits		17		-
Client guarantees		121	$	133
Collateral accounts		122		117
Total amount under the caption "Prepaid and other"	$	261	$	253

Total restricted cash	$	1,849	$	3,641

Collateral accounts primarily included deposits held under a collateral trust agreement, which supports the Company’s workers’ compensation policy. The rental deposits with banks were held as guarantees for the rent on the Company’s offices in the Netherlands and Spain. Social tax payment reserves were held with banks for employee social tax payments required by law in the Netherlands. The client guarantees were held in banks in Belgium as deposits for various client projects.