Fair Value Measurements

12 Months Ended

Dec. 31, 2011

Note 3. Fair Value Measurements

The following table provides information on those assets measured at fair value on a recurring basis.


	Carrying amount in consolidated balance sheet December 31,		Fair Value December 31,		Fair Value Measurement Using
	2011		2011		Level 1		Level 2		Level 3
Assets:
Cash and cash equivalents:
Money Market Funds	$	5,373,000	$	5,373,000	$	5,373,000	$	—	$	—
Available-for-sale:
Securities	$	3,181,000	$	3,181,000	$	3,181,000	$	—	$	—


	Carrying amount in consolidated balance sheet December 31,		Fair Value December 31,		Fair Value Measurement Using
	2010		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:
Securities	$	2,830,000	$	2,830,000	$	2,830,000	$	—	$	—

The fair value of the money market funds and treasury bills are based on quoted market prices in an active market. Available for sale securities include equity securities that are traded 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.

- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

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