Investments

3 Months Ended

Mar. 31, 2013

Investments [Abstract]

Investments

Note 4.   Investments 

The cost and estimated fair value of the Company’s investments are as follows:  

			Gross		Gross		Fair
			unrealized		unrealized		value
	Cost		gain		loss
March 31, 2013
Money Market	$	632,000	$	0	$	0	$	632,000
Commercial Paper		75,000		0		0		75,000
Treasury Bills		5,249,000		1,000		0		5,250,000
Equity Securities		91,000		3,098,000		(54,000)		3,135,000
		6,047,000		3,099,000		(54,000)		9,092,000
Less Cash Equivalents		707,000		0		0		707,000
Total Investments, March 31, 2013	$	5,340,000	$	3,099,000	$	(54,000)	$	8,385,000
December 31, 2012
Money Market	$	804,000	$	0	$	0	$	804,000
Commercial Paper		200,000		0		0		200,000
Treasury Bills		5,249,000		0		(1,000)		5,248,000
Equity Securities		92,000		3,639,000		(54,000)		3,677,000
		6,345,000		3,639,000		(55,000)		9,929,000
Less Cash Equivalents		1,004,000		0		0		1,004,000
Total Investments, December 31, 2012	$	5,341,000	$	3,639,000	$	(55,000)	$	8,925,000

At March 31, 2013 and December 31, 2012, the Company’s significant investment in equity securities was 265,767 and 273,267 shares, respectively, of Rudolph Technologies, Inc. (“Rudolph”) which is accounted for under the available-for-sale method.  As of March 31, 2013 and December 31, 2012, the aggregate value of the Company’s Rudolph shares as reported on the Nasdaq Stock Market was approximately $3,131,000 and $3,673,000, respectively, with an approximate cost of $35,000 and $36,000, respectively.  During the quarter ended March 31, 2013, the Company sold  7,500 shares of Rudolph stock and reported a gain of $103,000 in non-operating income.