MARKETABLE SECURITIES - AVAILABLE FOR SALE

9 Months Ended

Sep. 30, 2012

MARKETABLE SECURITIES - AVAILABLE FOR SALE [Abstract]

MARKETABLE SECURITIES - AVAILABLE FOR SALE

NOTE 3 – MARKETABLE SECURITIES – AVAILABLE FOR SALE

At September 30, 2012, the Company held common stock in a publicly traded company valued at $614,700, based on the closing market price per share.  This investment is classified as marketable securities - available for sale and, accordingly, any unrealized changes in market values are recognized as other comprehensive income (loss) in the consolidated statements of operations. During the nine months ended September 30, 2012, the Company purchased additional common shares in the same publicly traded company at a cost of $156,817 and recognized other comprehensive income (loss) during the three and nine months ended September 30, 2012 of $143,743 and $(249,562), respectively, reflecting the unrealized changes in fair market value of this investment as of September 30, 2012.