ExecJS runtime error

I have installed nodejs on ubuntu 12.04 server and I want to know why I have problems when compiling assets, when I go to the console rails c I run this

ExecJS::Runtimes.best_available=> #<ExecJS::ExternalRuntime:0x0000000118cc88
@binary="nodejs",
@command=["nodejs", "node"],
@deprecated=false,
@encoding="UTF-8",
@name="Node.js (V8)",
@runner_path= "/home/bonsai/.rvm/gems/ruby-1.9.3-p392@rails3.2/gems/execjs-1.4.0/lib/execjs/support/node_runner.js",

@test_args=nil, @test_match=nil>

And of course I can run node or nodejs commands, what can be wrong, this is the error after trying to compile assets

/home/bonsai/.rvm/rubies/ruby-1.9.3-p392/bin/ruby /home/bonsai/.rvm/gems/ruby-1.9.3-p392@global/bin/rake assets:precompile:all RAILS_ENV=production RAILS_GROUPS=assets
rake aborted!
Killed

  (in /home/bonsai/bonsaierp/app/assets/javascripts/application.js.coffee)
/home/bonsai/.rvm/gems/ruby-1.9.3-p392@rails3.2/gems/execjs-1.4.0/lib/execjs/external_runtime.rb:142:in `exec_runtime'
/home/bonsai/.rvm/gems/ruby-1.9.3-p392@rails3.2/gems/execjs-1.4.0/lib/execjs/external_runtime.rb:28:in `block in exec'
/home/bonsai/.rvm/gems/ruby-1.9.3-p392@rails3.2/gems/execjs-1.4.0/lib/execjs/external_runtime.rb:41:in `compile_to_tempfile'
/home/bonsai/.rvm/gems/ruby-1.9.3-p392@rails3.2/gems/execjs-1.4.0/lib/execjs/external_runtime.rb:27:in `exec'
/home/bonsai/.rvm/gems/ruby-1.9.3-p392@rails3.2/gems/uglifier-1.3.0/lib/uglifier.rb:100:in `compile'
/home/bonsai/.rvm/gems/ruby-1.9.3-p392@rails3.2/gems/actionpack-3.2.13/lib/sprockets/compressors.rb:74:in `compress'
/home/bonsai/.rvm/gems/ruby-1.9.3-p392@rails3.2/gems/sprockets-2.2.2/lib/sprockets/processing.rb:265:in `block in js_compressor='
/home/bonsai/.rvm/gems/ruby-1.9.3-p392@rails3.2/gems/sprockets-2.2.2/lib/sprockets/processor.rb:29:in `call'
/home/bonsai/.rvm/gems/ruby-1.9.3-p392@rails3.2/gems/sprockets-2.2.2/lib/sprockets/processor.rb:29:in `evaluate'
/home/bonsai/.rvm/gems/ruby-1.9.3-p392@rails3.2/gems/tilt-1.3.6/lib/tilt/template.rb:77:in `render'
/home/bonsai/.rvm/gems/ruby-1.9.3-p392@rails3.2/gems/sprockets-2.2.2/lib/sprockets/context.rb:193:in `block in evaluate'
/home/bonsai/.rvm/gems/ruby-1.9.3-p392@rails3.2/gems/sprockets-2.2.2/lib/sprockets/context.rb:190:in `each'
/home/bonsai/.rvm/gems/ruby-1.9.3-p392@rails3.2/gems/sprockets-2.2.2/lib/sprockets/context.rb:190:in `evaluate'
/home/bonsai/.rvm/gems/ruby-1.9.3-p392@rails3.2/gems/sprockets-2.2.2/lib/sprockets/bundled_asset.rb:26:in `initialize'
/home/bonsai/.rvm/gems/ruby-1.9.3-p392@rails3.2/gems/sprockets-2.2.2/lib/sprockets/base.rb:252:in `new'
/home/bonsai/.rvm/gems/ruby-1.9.3-p392@rails3.2/gems/sprockets-2.2.2/lib/sprockets/base.rb:252:in `build_asset'
/home/bonsai/.rvm/gems/ruby-1.9.3-p392@rails3.2/gems/sprockets-2.2.2/lib/sprockets/index.rb:93:in `block in build_asset'
/home/bonsai/.rvm/gems/ruby-1.9.3-p392@rails3.2/gems/sprockets-2.2.2/lib/sprockets/caching.rb:19:in `cache_asset'
/home/bonsai/.rvm/gems/ruby-1.9.3-p392@rails3.2/gems/sprockets-2.2.2/lib/sprockets/index.rb:92:in `build_asset'
/home/bonsai/.rvm/gems/ruby-1.9.3-p392@rails3.2/gems/sprockets-2.2.2/lib/sprockets/base.rb:169:in `find_asset'
/home/bonsai/.rvm/gems/ruby-1.9.3-p392@rails3.2/gems/sprockets-2.2.2/lib/sprockets/index.rb:60:in `find_asset'
/home/bonsai/.rvm/gems/ruby-1.9.3-p392@rails3.2/gems/actionpack-3.2.13/lib/sprockets/static_compiler.rb:19:in `block in compile'
/home/bonsai/.rvm/gems/ruby-1.9.3-p392@rails3.2/gems/sprockets-2.2.2/lib/sprockets/base.rb:219:in `block in each_logical_path'
/home/bonsai/.rvm/gems/ruby-1.9.3-p392@rails3.2/gems/sprockets-2.2.2/lib/sprockets/base.rb:206:in `block (2 levels) in each_file'
/home/bonsai/.rvm/gems/ruby-1.9.3-p392@rails3.2/gems/sprockets-2.2.2/lib/sprockets/base.rb:196:in `each'
/home/bonsai/.rvm/gems/ruby-1.9.3-p392@rails3.2/gems/sprockets-2.2.2/lib/sprockets/base.rb:196:in `each_entry'
/home/bonsai/.rvm/gems/ruby-1.9.3-p392@rails3.2/gems/sprockets-2.2.2/lib/sprockets/base.rb:204:in `block in each_file'
/home/bonsai/.rvm/gems/ruby-1.9.3-p392@rails3.2/gems/sprockets-2.2.2/lib/sprockets/base.rb:203:in `each'
/home/bonsai/.rvm/gems/ruby-1.9.3-p392@rails3.2/gems/sprockets-2.2.2/lib/sprockets/base.rb:203:in `each_file'
/home/bonsai/.rvm/gems/ruby-1.9.3-p392@rails3.2/gems/sprockets-2.2.2/lib/sprockets/base.rb:217:in `each_logical_path'
/home/bonsai/.rvm/gems/ruby-1.9.3-p392@rails3.2/gems/actionpack-3.2.13/lib/sprockets/static_compiler.rb:18:in `compile'
/home/bonsai/.rvm/gems/ruby-1.9.3-p392@rails3.2/gems/actionpack-3.2.13/lib/sprockets/assets.rake:56:in `internal_precompile'
/home/bonsai/.rvm/gems/ruby-1.9.3-p392@rails3.2/gems/actionpack-3.2.13/lib/sprockets/assets.rake:70:in `block (3 levels) in <top (required)>'
/home/bonsai/.rvm/gems/ruby-1.9.3-p392@rails3.2/gems/actionpack-3.2.13/lib/sprockets/assets.rake:60:in `block (3 levels) in <top (required)>'
Tasks: TOP => assets:precompile:primary
(See full trace by running task with --trace)
rake aborted!
Command failed with status (1): [/home/bonsai/.rvm/rubies/ruby-1.9.3-p392/b...]
/home/bonsai/.rvm/gems/ruby-1.9.3-p392@rails3.2/gems/actionpack-3.2.13/lib/sprockets/assets.rake:12:in `ruby_rake_task'
/home/bonsai/.rvm/gems/ruby-1.9.3-p392@rails3.2/gems/actionpack-3.2.13/lib/sprockets/assets.rake:21:in `invoke_or_reboot_rake_task'
/home/bonsai/.rvm/gems/ruby-1.9.3-p392@rails3.2/gems/actionpack-3.2.13/lib/sprockets/assets.rake:29:in `block (2 levels) in <top (required)>'
/home/bonsai/.rvm/gems/ruby-1.9.3-p392@rails3.2/bin/ruby_noexec_wrapper:14:in `eval'
/home/bonsai/.rvm/gems/ruby-1.9.3-p392@rails3.2/bin/ruby_noexec_wrapper:14:in `<main>'
Tasks: TOP => assets:precompile
(See full trace by running task with --trace)

I had the same issue, also when I was using Digital Ocean. I assume you're using the 512MB droplet. I sent them a support ticket and this was their reply:

"Generally, running Nginx, Unicorn, and Ruby on Rails on a 512MB droplet, you will run into memory issues. I would recommend considering to upgrade to a 1GB droplet, as well as set up 1GB of swap memory."

Note that I still tried to set up a 1 GB swap memory while using the 512MB droplet, since I had no swap memory set up on the server, but this actually produced the same error. When I followed his/her advice and upgraded to the 1GB droplet, compiling assets worked fine.