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Marketable Securities:
 12 Months Ended
Dec. 31, 2011
Marketable Securities:

Note 5.          Marketable Securities:                             

 

 

 

 

 

 

 

2011

 

2010

Fair value at beginning of year

 

 

 

 

 

$

2,263,923

$

598,825

Acquisitions

 

 

 

 

 

 

698,574

 

778,144

Dispositions, at cost

 

 

 

 

 

 

(894,053)

 

(667,166)

Realized gain on sale

 

 

 

 

 

 

(772,698)

 

(241,621)

Unrealized gain (loss)

 

 

 

 

 

 

(403,475)

 

1,795,741

Fair value at balance sheet date

 

 

 

 

 

$

892,271

$

2,263,923

 

The Company’s marketable securities are classified as available-for-sale and are recorded at quoted market value with gains and losses recorded within other comprehensive income until realized. Realized gains and losses are based on the average cost method. As of December 31, 2011 and 2010, marketable securities had a cost basis of $850,529 and $1,046,009, respectively.