Marketable 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]

(3) Marketable Securities

Our marketable securities as of March 31, 2015 include fixed income and equity investments classified as available for sale. At March 31, 2015, the fair value of the equity securities totaled $-0- and the fair value of the fixed income securities totaled $9.7 million. At December 31, 2014, the fair value of the equity securities totaled $-0- and the fair value of the fixed income securities totaled approximately $1.0 million. The net cost of marketable securities purchases during the three months ended March 31, 2015 and 2014 totaled $17.3 million and $3.4 million, respectively. Unrealized gains on the investments included in consolidated statements of other comprehensive income were $18,049 and $468,937 for the quarters ended March 31, 2015 and 2014, respectively. Our realized losses from the sale of our marketable securities totaled $6,566 and $493,796 for the quarters ended March 31, 2015 and 2014, respectively. The unrealized loss has been in that position for less than one year. Accordingly, management does not believe that the investments have experienced any other than temporary losses.