INVESTMENTS IN MARKETABLE SECURITIES

9 Months Ended

Sep. 30, 2020

Investments, Debt and Equity Securities [Abstract]

Investments in Debt and Marketable Equity Securities

6. INVESTMENTS IN MARKETABLE SECURITIES

Investments in marketable securities consist primarily of large capital corporate equity and debt securities in varying industries or issued by government agencies with readily determinable fair values. These securities are stated at market value, as determined by the most recent traded price of each security at the balance sheet date. Consistent with the Company's overall current investment objectives and activities its entire marketable securities portfolio is classified as trading. Accordingly, all unrealized gains (losses) on this portfolio are recorded in income. Included in investments in marketable securities is approximately $1.61 million and $1.86 million of large capital real estate investment trusts (REITs) as of September 30, 2020 and December 31, 2019, respectively.

Net realized and unrealized gain (loss) from investments in marketable securities for the three and nine months ended September 30, 2020 and 2019 is summarized below:

	Three months ended September 30,						Nine months ended September 30,
Description	2020			2019			2020			2019
Net realized (loss) gain from sales of securities	$	(9,000	)	$	17,000		$	(80,000	)	$	6,000
Unrealized net gain (loss) in trading securities		128,000			(5,000	)		(186,000	)		247,000
Total net gain (loss) from investments in marketable securities	$	119,000		$	12,000		$	(266,000	)	$	253,000

For the three months ended September 30, 2020, net realized loss from sales of marketable securities was approximately $9,000 which consisted of $30,000 of gross losses net of $21,000 of gross gains. For the nine months ended September 30, 2020, net realized loss from sales of marketable securities was approximately $80,000 and consisted of $138,000 of gross losses net of $58,000 of gross gains.

For the three months ended September 30, 2019, net realized gain from sales of marketable securities was approximately $17,000 which consisted of $19,000 of gross gains and $2,000 of gross losses. For the nine months ended September 30, 2019, net realized gain from sales of marketable securities was approximately $6,000 and consisted of approximately $66,000 of gross gains net of $60,000 of gross losses.

Investment gains and losses on marketable securities may fluctuate significantly from period to period in the future and could have a significant impact on the Company's net earnings. However, the amount of investment gains or losses on marketable securities for any given period has no predictive value and variations in amount from period to period have no practical analytical value.