Investments

9 Months Ended

Sep. 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
September 30, 2013
Money Market	$	540,000	$	0	$	0	$	540,000
Commercial Paper		101,000		0		0		101,000
Treasury Bills		5,426,000		1,000		0		5,427,000
Equity Securities		86,000		2,608,000		(54,000)		2,640,000
		6,153,000		2,609,000		(54,000)		8,708,000
Less Cash and Cash Equivalents		641,000		0		0		641,000
Total Investments, September 30, 2013	$	5,512,000	$	2,609,000	$	(54,000)	$	8,067,000
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 September 30, 2013 and December 31, 2012, the Company’s significant investment in equity securities was 231,336 and 273,267 shares, respectively, of Rudolph which is accounted for under the available-for-sale method.  As of September 30, 2013 and December 31, 2012, the aggregate value of the Company’s Rudolph shares as reported on the Nasdaq Stock Market was approximately $2,637,000 and $3,673,000, respectively, with an approximate cost of $30,000 and $36,000, respectively.  During the three and nine-month periods ended September 30, 2013, the Company sold  10,000 and 41,931 shares, respectively, of Rudolph stock and reported a gain of $129,000 and $529,000, respectively, in non-operating income.