XML 45 R19.htm IDEA: XBRL DOCUMENT v2.4.0.8
Fair value measurements (Tables)
 9 Months Ended
Sep. 30, 2013
Investments, All Other Investments [Abstract]  
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]
The following table presents the Company’s fair value hierarchy for assets and liabilities measured at fair value as of September 30, 2013 and December 31, 2012:
 
 
 
September 30, 2013
 
 
 
Level 1
 
Level 2
 
Level 3
 
Total
 
Assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
Recurring
 
 
 
 
 
 
 
 
 
 
 
 
 
Certificate of deposit
 
$
-
 
$
5,000,000
 
$
-
 
$
5,000,000
 
Marketable securities
 
 
8,586,090
 
 
-
 
 
-
 
 
8,586,090
 
Total Recurring
 
$
8,586,090
 
$
5,000,000
 
$
-
 
$
13,586,090
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Nonrecurring
 
 
 
 
 
 
 
 
 
 
 
 
 
Investment in OC-BVI
 
$
-
 
$
-
 
$
6,930,384
 
$
6,930,384
 
 
 
 
December 31, 2012
 
 
 
Level 1
 
Level 2
 
Level 3
 
Total
 
Assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
Recurring
 
 
 
 
 
 
 
 
 
 
 
 
 
Marketable securities
 
$
8,570,338
 
$
-
 
$
-
 
$
8,570,338
 
Total Recurring
 
$
8,570,338
 
$
-
 
$
-
 
$
8,570,338
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Nonrecurring
 
 
 
 
 
 
 
 
 
 
 
 
 
Investment in OC-BVI
 
$
-
 
$
-
 
$
6,925,346
 
$
6,925,346
 
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]
A reconciliation of the beginning and ending balances for Level 3 investments for the nine months ended September 30, 2013:
 
Balance as of December 31, 2012
 
$
6,925,346
 
Profit sharing and equity from earnings of OC-BVI
 
 
1,254,913
 
Distribution of earnings from OC-BVI
 
 
(1,249,875)
 
Balance as of September 30, 2013
 
$
6,930,384