NOTE 17: SUBSEQUENT EVENTS	9 Months Ended
Sep. 30, 2011
Subsequent Events [Text Block]	NOTE 17: SUBSEQUENT EVENTS On October 7, 2011, CFT executed that certain Stock Purchase Agreement (the “Purchase Agreement”), by and between CFT and a Houston-based company (“Buyer”) pursuant to which Buyer agreed to purchase from CFT (i) all of the issued and outstanding shares of capital stock of Cuming, (ii) the shares of 230 Bodwell Corporation, a Massachusetts corporation and subsidiary of Cuming, and (iii) certain assets that, immediately prior to closing, were acquired by Cuming, for a purchase price of $60,000 (less certain debt and subject to purchase price adjustment for working capital and potential earn-out payments). Deep Down will receive 20 percent of the common equity proceeds (including earn-out payments) from the sale and will be subject to 20 percent of any indemnity obligations over the indemnity escrow amount (5 percent) pursuant to the Purchase Agreement. Such indemnity obligation will be capped at the amount of proceeds Deep Down receives pursuant to that certain Indemnification and Contribution Agreement dated October 7, 2011. Deep Down’s proceeds received from the sale were $6,375, which does not include any potential earn-out payments. The proceeds of $6,375 were comprised of a $3,400 return of capital to Deep Down and Flotation and a $2,975 distribution of Deep Down and Flotation’s share of the profit on the sale. These amounts do not include incremental proceeds anticipated from the return of escrow or future earn-out payments. In conjunction with the foregoing, our SSA with CFT was terminated effective October 7, 2011.

On October 7, 2011, CFT executed that certain Stock Purchase Agreement (the “Purchase Agreement”), by and between CFT and a Houston-based company (“Buyer”) pursuant to which Buyer agreed to purchase from CFT (i) all of the issued and outstanding shares of capital stock of Cuming, (ii) the shares of 230 Bodwell Corporation, a Massachusetts corporation and subsidiary of Cuming, and (iii) certain assets that, immediately prior to closing, were acquired by Cuming, for a purchase price of $60,000 (less certain debt and subject to purchase price adjustment for working capital and potential earn-out payments). Deep Down will receive 20 percent of the common equity proceeds (including earn-out payments) from the sale and will be subject to 20 percent of any indemnity obligations over the indemnity escrow amount (5 percent) pursuant to the Purchase Agreement. Such indemnity obligation will be capped at the amount of proceeds Deep Down receives pursuant to that certain Indemnification and Contribution Agreement dated October 7, 2011. Deep Down’s proceeds received from the sale were $6,375, which does not include any potential earn-out payments. The proceeds of $6,375 were comprised of a $3,400 return of capital to Deep Down and Flotation and a $2,975 distribution of Deep Down and Flotation’s share of the profit on the sale. These amounts do not include incremental proceeds anticipated from the return of escrow or future earn-out payments. In conjunction with the foregoing, our SSA with CFT was terminated effective October 7, 2011.