Investments, Debt and Equity Securities

3 Months Ended

Sep. 30, 2011

Investments, Debt and Equity Securities

Available-for-sale Securities [Table Text Block]

5.     INVESTMENTS AVAILABLE FOR SALE

Investments that the Company designated as available-for-sale are reported at fair value, with unrealized gains and losses, net of tax, recorded in accumulated other comprehensive income (loss).  The Company bases the cost of the investment sold on the specific identification method.  The available-for-sale investments consist of mutual funds.  If an available-for-sale investment is other than temporarily impaired, the loss is charged to either earnings or stockholders’ equity depending on our intent and ability to retain the security until we recover the full cost basis and the extent of the loss attributable to the creditworthiness of the issuer. 

On September 30, 2011 and December 31, 2010 the fair value for all of the Company’s investments was determined based upon quoted prices in active markets for identical assets (Level 1).

The carrying amount, gross unrealized holding gains, gross unrealized holding losses, and fair value of available-for-sale debt securities by major security type and class of security at September 30, 2011 and December 31, 2010 were as follows:

		Aggregate cost basis		Gross unrealized holding gains		Gross unrealized holding (losses)		Aggregate fair value
At September  30, 2011
Available-for-sale:
Mutual Funds	$	451,000	$	—	$	(32,000)	$	419,000
	$	451,000	$	—	$	(32,000)	$	419,000
At December 31, 2010
Available-for-sale:
Mutual Funds	$	205,000	$	1,000		—	$	206,000
	$	205,000	$	1,000		—	$	206,000