INVESTMENTS IN AVAILABLE FOR SALE SECURITIES

12 Months Ended

Dec. 31, 2016

INVESTMENTS IN AVAILABLE FOR SALE SECURITIES

INVESTMENTS IN AVAILABLE FOR SALE SECURITIES

4. INVESTMENTS IN AVAILABLE FOR SALE SECURITIES

As of December 31, 2016, we held investments in available for sale securities in several short term bond funds.  These funds generally held high credit quality short term debt instruments.  These debt instruments were subject to changes in fair market value due to changes in interest rates.  The market value of these investments was $40,759,703 as of December 31, 2016.  In 2016, we purchased securities with a market value of $25,781,853 and had unrealized losses of $901,877 as of December 31, 2016. In 2016, we sold securities with a market value of $24,491,677 with an average cost basis of $24,518,497. We had realized gains of $156,461 and realized losses of $183,281.   

As of December 31, 2015, we held investments in available for sale securities in several short term bond funds.  These funds generally held high credit quality short term debt instruments.  These debt instruments were subject to changes in fair market value due to changes in interest rates.  As of December 31, 2015, the market value of investments in available for sale securities was $39,482,732.  In 2015, we purchased securities with a market value of $21,800,000 and had unrealized gains of $69,877 and unrealized losses of $985,374 as of December 31, 2015. In 2015, we sold securities with a market value of $1,469,000 with an average cost basis of $1,527,095.  We realized losses of $58,095 from sales of available for sale securities.