Marketable Securities

12 Months Ended

Dec. 31, 2014

Investments, Debt and Equity Securities [Abstract]

Marketable Securities

Note 9 – Marketable Securities

The following is a summary of available-for-sale securities at December 31, 2013.

	December 31, 2013
	Investment		Unrealized		Unrealized		Estimated
	at cost		gains		losses		fair value
Common stock	$	238,504	$	167,630	$	-	$	406,134

During the year ended December 31, 2014, the Company sold all of its available-for-sale securities. The Company received $0.5 million in proceeds which resulted in a gain on sale of approximately $0.2 million. All unrealized gains and losses on these securities have been included in Other comprehensive  income on the Company’s Consolidated Statement of Comprehensive Income net of tax. An unrealized gain of approximately $0.1 million, net of tax, was reclassified from Other comprehensive income to a component of Net income during the period as a result of the sale. This amount represented the complete cumulative net unrealized gain on these securities. During the years ended December 31, 2013 and 2012, the Company did not sell any of its marketable securities and there were no gross realized gains or losses.