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5. INVESTMENT IN JOINT VENTURE (Tables)
6 Months Ended
Jun. 30, 2012
INVESTMENT IN JOINT VENTURE

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 joint venture for the six months ended June 30, 2012     (140 )
Investment in joint venture, June 30, 2012   $ 1,023  

Joint venture financial data

Summary joint venture financial data is as follows:

 

    For the Three Months Ended
June 30,
    For the Six Months Ended
June 30,
 
    2012     2011     2012     2011  
Revenues   $ 1,257     $ 25,995     $ 2,601     $ 57,523  
                                 
Gross profit   $ 526     $ 6,829     $ 661     $ 14,029  
                                 
Net loss   $ 159     $ 996     $ 699     $ 1,580