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INVESTMENT SECURITIES
3 Months Ended
Mar. 31, 2015
Investments, Debt and Equity Securities [Abstract]  
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]
NOTE 3 – INVESTMENT SECURITIES
 
We record our investments as either held-to-maturity or available-for-sale. Held-to-maturity investments are recorded at amortized cost.
 
The following tables summarize our investment securities at March 31, 2015 and December 31, 2014:
 
 
 
March 31, 2015
 
 
 
Amortized cost, as adjusted
 
Gross unrealized holding gains
 
Gross unrealized holding losses
 
Estimated fair value
 
Short-term investments:
 
 
 
 
 
 
 
 
 
 
 
 
 
Obligations of domestic governmental agencies (maturing between April 2015 and December 2015) (held-to-maturity)
 
$
19,131,437
 
$
2,910
 
$
217
 
$
19,134,130
 
Total short-term investment securities
 
$
19,131,437
 
$
2,910
 
$
217
 
$
19,134,130
 
 
 
 
December 31, 2014
 
 
 
Amortized cost, as adjusted
 
Gross unrealized holding gains
 
Gross unrealized holding losses
 
Estimated fair value
 
Short-term investments:
 
 
 
 
 
 
 
 
 
 
 
 
 
Obligations of domestic governmental agencies (maturing between January 2015 and December 2015) (held-to-maturity)
 
$
23,062,034
 
$
922
 
$
5,806
 
$
23,057,150
 
Total short-term investment securities
 
$
23,062,034
 
$
922
 
$
5,806
 
$
23,057,150