Investment in Marketable Securities and Fair Value of Financial Instruments

3 Months Ended

Mar. 31, 2015

Investment in Marketable Securities and Fair Value of Financial Instruments [Abstract]

Investment in Marketable Securities and Fair Value of Financial Instruments

Note 4 - Investment in Marketable Securities and Fair Value of Financial Instruments

The Company accounts for securities owned in accordance with ASC 320, “Investments - Debt and Equity Securities.”  ASC 320 requires investments in debt and equity securities to be classified as either “held to maturity,” “trading,” or “available for sale.”  At March 31, 2015 and December 31, 2014 management had classified $10,001 and $9,998 respectively, of marketable securities as available for sale, which are reported at fair market value, with unrealized gains and losses reported as a separate component of stockholders’ equity. Gains or losses on the sale of securities are recognized on a specific identification basis.

At March 31, 2015, Level 1 marketable securities consist of the following:

	Cost		Fair Value		Unrealized Gain *
United States Treasury Notes (matures in December 2015)	$	9,969	$	10,001	$	32

At December 31, 2014, Level 1 marketable securities consist of the following:

	Cost		Fair Value		Unrealized Gain *
United States Treasury Notes (matures in December 2015)	$	9,969	$	9,998	$	29

*Included in other comprehensive income.