Note 2 - Certificates of Deposit

3 Months Ended

Mar. 31, 2020

Notes to Financial Statements

Certificates Of Deposit Disclosure[Text Block]

Note

2:

     

Certificates of Deposit

The Company has certificates of deposit for investment purposes. Certificates of deposit have maturities greater than 

three

 months when purchased, in amounts 

not

 greater than 

$250,000.

 All certificates of deposit are held until maturity and recorded at cost which approximates fair value. Certificates of deposit mature through the

first

quarter of

2021.

Total certificates of deposit were

$3,163,163

and

$2,697,000

as of

March 31, 2020

and

December 31, 2019,

respectively. Purchases of certificates of deposit were

$1,210,163

and

$489,000

for the

three

months ended

March 31, 2020

and

2019,

respectively. Proceeds from the maturity of certificates of deposit were

$744,000

and

$710,000

for the

three

months ended

March 31, 2020

and

2019,

respectively.