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MARKETABLE EQUITY SECURITIES
 3 Months Ended
Mar. 31, 2012
MARKETABLE EQUITY SECURITIES  
MARKETABLE EQUITY SECURITIES

NOTE 3   MARKETABLE EQUITY SECURITIES

 

These securities are valued at fair value.  Any resulting gain or loss is recorded to an unrealized gain and loss account (accumulated other comprehensive (loss)) that is reported as a separate line item in the shareholders’ equity section of the balance sheet.  The gains and losses on available-for-sale securities are not reported on the statement of operations until the securities are sold or are other than temporarily impaired.

 

Changes in the Company’s holdings of marketable securities for the three months ended March 31, 2012 and year ended December 31, 2011 are as follows (in thousands):

 

 

 

Three Months Ended March 31,

 

Year Ended December 31,

 

 

 

2012

 

2011

 

Opening Balance

 

$

1,480

 

$

4,576

 

Purchases

 

—

 

284

 

Proceeds from sale

 

—

 

(1,853

)

Gain on sale

 

—

 

19

 

Unrealized loss

 

(376

)

(1,546

)

Ending Balance

 

$

1,104

 

$

1,480