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INVESTMENTS
12 Months Ended
Dec. 31, 2014
INVESTMENTS  
INVESTMENTS

 

NOTE 4 INVESTMENTS

        During 2014, the Company invested a portion of its cash in marketable equity securities at a cost of $0.4 million. These securities are classified as available-for-sale securities and are valued at fair value. Any resulting gain or loss is recorded to an unrealized income and loss account (accumulated other comprehensive income (loss)) that is reported as a separate line item in the shareholders' equity section of the balance sheet. The gains and losses for available-for-sale securities are not reported on the statement of operations until the securities are sold. As at December 31, 2014, the market value of these securities was $1.1 million, and as a result the Company recorded a gain, net of tax, of $0.4 million to accumulated other comprehensive income.