Investment Securities (Tables)

9 Months Ended

Sep. 30, 2015

Investments Debt And Equity Securities [Abstract]

Summary of Available for Sale Securities

Available-for-Sale securities consisted of the following as of September 30, 2015:

	As of September 30, 2015
	Cost		Gains in Accumulated Other Comprehensive Income		Losses in Accumulated Other Comprehensive Income			Estimated Fair Value (Level 1 and 2 Inputs)
Debt Securities	$	843,951	$	9,179	$	—		$	853,130
Total Debt Securities		843,951		9,179		—			853,130
Common Stock		7,269,076		—		(255,129	)		7,013,947
Total Equity Securities		7,269,076		—		(255,129	)		7,013,947
Total Available-for-Sale Securities	$	8,113,027	$	9,179	$	(255,129	)	$	7,867,077

Available-for-Sale securities consisted of the following as of December 31, 2014:

	As of December 31, 2014
	Cost		Gains in Accumulated Other Comprehensive Income		Losses in Accumulated Other Comprehensive Income		Estimated Fair Value
Preferred Stock	$	704,173	$	117,263	$	—	$	821,436
Total Equity Securities	$	704,173	$	117,263	$	—	$	821,436
Total Available-for-Sale Securities	$	704,173	$	117,263	$	—	$	821,436

Summary of Sale of Investment Securities and Gains

Following is a table reflecting the sale of investment securities and gains recognized during the nine months ended September 30, 2015 and 2014:

	For the Three Months Ended September 30,					For the Nine Months Ended September 30,
	2015			2014		2015			2014
Proceeds from the Disposition of Debt Securities	$	2,084,994		$	—	$	2,084,994		$	—
Cost Basis of Debt Securities Sold		(1,930,080	)		—		(1,930,080	)		—
Gain recognized in Statement of Operations on the Disposition of Debt Securities		154,914			-		154,914			-
Proceeds from the Disposition of Equity Securities		-			—		834,964			—
Cost Basis of Equity Securities Sold		-			—		(704,173	)		—
Gain recognized in Statement of Operations on the Disposition of Equity Securities	$	-		$	—	$	130,791		$	—
Total Gain recognized in Statement of Operations on the Disposition of Debt and Equity Securities	$	154,914		$	-	$	285,705		$	-

- Definition

Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.

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- Definition

Tabular disclosure of the realized and unrealized gains and losses reported in the statement of income which have resulted from the sale and holding of marketable securities, respectively, as well as the sale or disposal of cost method investments. Such amounts would include realized gains and losses on the sale or disposal of trading, available-for-sale, and held-to-maturity securities, unrealized gains and losses on trading securities, unrealized gains and losses on available-for-sale and held-to-maturity securities transferred to the trading securities category, realized gains and losses on the sale or disposal of cost method investments, and losses recognized for other than temporary impairments (OTTI) of such investments.

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