Fair Value Measurements

6 Months Ended

Jun. 30, 2011

Fair Value Measurements

Fair Value Measurements

Note 5. Fair Value Measurements

The following table provides information on the Company's investment assets measured at fair value on a recurring basis.

                                                                Carrying amount

                                                                    in condensed

                                                                    consolidated

                                                                    balance sheet                              Fair Value                         Fair Value Measurement Using                               

                                                                   June 30, 2011                           June 30, 2011                      Level 1         Level 2   Level 3

Assets:

Cash and cash equivalents:

   Money Market Funds                           $            171,000                         $        171,000                     $    171,000   $     -        $     -

Treasury Bills                                          $         5,200,000                         $     5,200,000                     $ 5,200,000   $     -        $     -

Available-for-sale:

    Equity Securities                                  $         3,735,000                         $    3,735, 000                     $3,735,000   $     -         $     -

                                                                    Carrying amount                                                                 

                                                                     in condensed

      consolidated                                                                     

                                                                      Balance Sheet                           Fair Value                          Fair Value Measurement Using

                                                                   December 31, 2010              December 31, 2010                   Level 1       Level 2   Level 3

Assets:

Cash and cash equivalents:

   Money Market Funds                           $           170,000                           $        170,000                    $    170,000   $     -        $     -

Treasury Bills                                          $         5,197,000                          $     5,197,000                    $ 5,197,000   $     -        $     -

Available-for-sale:

    Equity Securities                                  $         2,830,000                          $     2,830,000                    $ 2,830,000   $     -        $     -

The fair value of the money market funds, treasury bills, and equity securities are based on quoted market prices in an active market. Closing stock prices are readily available from active markets and are used as being representative of fair value.  The Company classifies these securities as level 1.