Note 3 - Fair Value of Financial Instruments

9 Months Ended

Jun. 30, 2012

Fair Value Disclosures [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 June 30, 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 inputs (Level 3)
Cash value of life insurance policies:
June 30, 2012	$	2,087,431			$	2,087,431
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 June 30, 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 nine months ended June 30, 2012.