Note 3 - Fair Value of Financial Instruments

3 Months Ended

Mar. 31, 2012

Fair Value of Financial Instruments, Policy [Policy Text Block]

3. FAIR VALUE OF FINANCIAL INSTRUMENTS

The following table summarizes information on the fair value measurement of the Company’s assets as of March 31, 2012 and October 1, 2011, grouped by the categories described by the FASB.

	Total		Quoted prices in active markets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable input (Level 3)
Cash value of life insurance policies:
March 31, 2012	$	2,101,869			$	2,101,869
October 1, 2011	$	1,939,129			$	1,939,129
Securities available for sale:
October 1, 2011	$	4,001,831	$	4,001,831

Securities available for sale at October 1, 2011 were variable rate demand bonds with contractual maturities ranging from 2018 to 2029.  Interest rates on these securities are reset weekly, and the bonds may be liquidated at any time with seven days advance notice.  We held no securities at March 31, 2012 because all bonds were liquidated to fund the acquisition described in Note 2.  We had no significant unrealized holding gains or losses during the six months ended March 31, 2012.