NOTE 12: STOCKHOLDERS' EQUITY

3 Months Ended

Mar. 31, 2012

Stockholders' Equity Note Disclosure [Text Block]

NOTE 12: STOCKHOLDERS’ EQUITY

Common Stock

The number of shares of common stock outstanding is as follows:

Balance, December 31, 2011	204,874
Shares purchased and retired, March 2, 2012	(800	)
Balance, March 31, 2012	204,074

On March 2, 2012, we completed the acquisition of 800 shares of our common stock in a private purchase transaction.  We paid $48 from cash on hand, to the seller in consideration for all of such seller’s shares of stock in Deep Down. The per share purchase price of $0.06 represented a per share amount 14 percent below the closing price of Deep Down’s common stock on that day.