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DISCLOSURES REGARDING FAIR VALUE OF FINANCIAL INSTRUMENTS (Details 1) - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Included in other comprehensive income $ 26,255 $ 768,326 $ (1,974,906)
Fair Value Inputs Level 3 [Member] | Municipal Securties      
Fair value Asset, beginning 1,377,089 1,525,337  
Included in other comprehensive income (34,411) 16,752  
Purchases, issuances and settlements 3,875,000 (165,000)  
Fair value Asset, ending $ 5,217,678 $ 1,377,089 $ 1,525,337