NOTE 5: INVESTMENT IN JOINT VENTURE

3 Months Ended

Mar. 31, 2012

Equity Method Investments and Joint Ventures Disclosure [Text Block]

NOTE 5: INVESTMENT IN JOINT VENTURE

Effective December 31, 2010, we engaged in a transaction in which all of the operating assets and substantially all of the liabilities of Flotation were contributed, along with other contributions we made, to a joint venture entity named Cuming Flotation Technologies, LLC, in return for a 20 percent common unit ownership interest in CFT.

The components of our Investment in joint venture are summarized below:

Investment in joint venture, December 31, 2011	$	1,163
Equity in net loss of CFT for the three months ended March 31, 2012		(108	)
Investment in joint venture, March 31, 2012	$	1,055

Summary joint venture financial data is as follows:

	For the Three Months Ended
	March 31,
	2012		2011
Revenues	$	1,344	$	31,528
Gross profit	$	135	$	7,200
Net loss	$	540	$	569