3. INVESTMENT IN JOINT VENTURE (Tables)

12 Months Ended

Dec. 31, 2012

Investment in Joint Venture

Investment in joint venture, December 31, 2010	$	3,146
Equity in net income of CFT for the year ended December 31, 2011		4,392
Cash distribution from CFT for the year ended December 31, 2011		(6,375	)
Investment in joint venture, December 31, 2011		1,163
Equity in net loss of CFT for the year ended December 31, 2012		(179	)
Investment in joint venture, December 31, 2012	$	984

Joint venture financial data

Below is unaudited selected statement of operations data of CFT for the years ended December 31, 2012 and 2011:

	Year Ended
	December 31,
	2012			2011
Revenues	$	2,744		$	88,533
Gross profit	$	518		$	18,033
Net (loss) income	$	(895	)	$	22,578

Below are unaudited condensed consolidated balance sheets of CFT as of December 31, 2012 and December 31, 2011:

	December 31, 2012		December 31, 2011
Current assets	$	5,749	$	6,903
Property, plant and equipment, net		1,675		2,065
Other assets		–		2
Total assets	$	7,424	$	8,970
Current liabilities	$	2,500	$	3,155
Equity		4,924		5,815
Total liabilities and equity	$	7,424	$	8,970