401(K) PLAN

12 Months Ended

Dec. 31, 2012

Benefit Plan [Abstract]

401(K) Plan

16. 401(K) PLAN

The Positron Corporation 401(k) Plan and Trust (the “Plan”) covers all of the Company’s employees who are United States citizens, at least 21 years of age and have completed at least one quarter of service with the Company.  Pursuant to the Plan, employees may elect to reduce their current compensation by up to the statutorily prescribed annual limit and have the amount of such reduction contributed to the Plan. The Plan allows for the Company to make discretionary contributions in an amount equal to 25 percent of the participant’s deferral contributions, up to 6 percent of the employee’s compensation, as defined in the Plan agreement.    The Company made no contributions in 2012 and 2011.  The Board of Directors of the Company may authorize additional discretionary contributions; however, no such contributions were made by the Company in 2012 or 2011.