Investments

6 Months Ended

Jun. 30, 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
June 30, 2013
Money Market	$	409,000	$	0	$	0	$	409,000
Commercial Paper		101,000		0		0		101,000
Treasury Bills		5,426,000		0		(2,000)		5,424,000
Equity Securities		88,000		2,671,000		(54,000)		2,705,000
		6,024,000		2,671,000		(56,000)		8,639,000
Less Cash and Cash Equivalents		510,000		0		0		510,000
Total Investments, June 30, 2013	$	5,514,000	$	2,671,000	$	(56,000)	$	8,129,000
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 and 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 June 30, 2013 and December 31, 2012, the Company’s significant investment in equity securities was 241,336 and 273,267 shares, respectively, of Rudolph Technologies, Inc. (“Rudolph”) which is accounted for under the available-for-sale method.  As of June 30, 2013 and December 31, 2012, the aggregate value of the Company’s Rudolph shares as reported on the Nasdaq Stock Market was approximately $2,703,000 and $3,673,000, respectively, with an approximate cost of $32,000 and $36,000, respectively.  During the three and six-month periods ended June 30, 2013, the Company sold  24,431 and 31,931 shares, respectively, of Rudolph stock and reported a gain of $297,000 and $400,000, respectively, in non-operating income.