12. Fair Value Measurement Disclosure

12 Months Ended

Dec. 31, 2012

Notes

12. Fair Value Measurement Disclosure

12.  FAIR VALUE MEASUREMENT DISCLOSURE

      The Company has certain financial instruments that are measured at fair value on a recurring basis.  Fair     value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.  A three-tier fair value hierarchy has been established which prioritized the inputs used in measuring fair value.  The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurements) and the lowest priority to unobservable inputs (level 3 measurements).  These tiers include:

Ø  Level 1, defined as observable inputs such as quoted prices for identical instruments in active markets;

Ø  Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly oberservable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and

Ø  Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable.

The Company measures certain financial instruments at fair market value on a recurring basis.  Assets and liabilities measured at fair value on a recurring basis are as follows at December 31, 2012:

	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets
Money Market Account	$	402	$	402		-		-
Equity Securities		5,589		5,589		-		-
Total assets measured at fair value	$	5,991	$	5,991		-		-