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INVESTMENTS IN MARKETABLE SECURITIES
 6 Months Ended
Jun. 30, 2021
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 $1.0 million and $1.7 million in preferred stock of large capital real estate investment trusts (REITs) as of June 30, 2021 and December 31, 2020, respectively.
 
Net realized and unrealized gain from investments in marketable securities for the three and six months ended June 30, 2021 and 2020 is summarized below: 
 
 
 
Three months ended
June 30,
 
 
 
 
Six months ended
June 30,
 
 
Description
 
2021
 
 
2020
 
 
2021
 
 
2020
 
 
Net realized loss from sales of securities
 
$
(59,000
)
 
$
(44,000
)
 
$
(53,000
)
 
$
(71,000
)
Unrealized net gain (loss) of securities
 
 
188,000
 
 
 
528,000
 
 
 
245,000
 
 
 
(315,000
)
Total net gain (loss) from investments in marketable securities
 
$
129,000
 
 
$
484,000
 
 
$
192,000
 
 
$
(386,000
)
 
For the three months ended June 30, 2021, net realized loss from sales of marketable securities of approximately $59,000 consisted of
approximately $69,000 of gross losses net of $10,000 of gross gains.
For the six months ended June 30, 2021, net realized losses from sales of marketable securities of approximately $53,000 consisted of approximately $104,000 of gross losses net of $51,000 of gross gains.
 
For the three months ended June 30, 2020, net realized loss from sales of marketable securities was approximately $44,000 which consisted of $69,000 of gross losses net of $25,000 of gross gains. For the six months ended June 30, 2020, net realized loss from sales of marketable securities was approximately $71,000 and consisted of approximately $108,000 of gross losses net of $37,000 of gross gains.