Note 5 – INVESTMENTS

The cost and fair value of investments classified as available for sale are as follows:

June 30, 2011	Cost		Unrealized Gains		Unrealized Losses			Fair Value

Equities	$	211,831	$	3,034	$	( 35,930	)	$	178,934
Mutual Funds		114,362		2,022		( 798	)		115,586
Preferred Securities		203,514		---		( 5,719	)		197,795
Corporate Bonds		670,941		12,251		( 3,315	)		679,877

Total	$	1,200,648	$	17,307	$	( 45,762	)	$	1,172,193

June 30, 2010	Cost		Unrealized Gains		Unrealized Losses			Fair Value

Equities	$	653,068	$	26,400	$	( 117,892	)	$	561,576
Mutual Funds		206,961		3,056		( 7,853	)		202,164
Preferred Securities		272,629		6,650		( 64,789	)		214,490
Corporate Bonds		1,751,719		89,355		( 30,140	)		1,810,934
Government Agency Obligations		615,767		8,625		( 1,752	)		622,640

Total	$	3,500,144	$	134,086	$	( 222,426	)	$	3,411,804

December 31, 2010	Cost		Unrealized Gains		Unrealized Losses			Fair Value

Equities	$	225,573	$	16,173	$	( 68,974	)	$	172,772
Mutual Funds		202,108		4,661		( 2,017	)		204,752
Preferred Securities		228,514		—		( 18,329	)		210,185
Corporate Bonds		496,451		843		( 5,771	)		491,523

Total	$	1,152,646	$	21,677	$	( 95,091	)	$	1,079,232

Proceeds from the sale of investments were $5,669,158, $532,640 and $1,502,724 during the year ended December 31, 2010 and for the six months ended June 30, 2011 and 2010, respectively.

Gross gains of $451,420, $27,622 and $120,850 and gross losses of $200,940, $29,678 and $66,066 were realized on these sales during the year ended December 31, 2010 and for the six months ended June 30, 2011 and 2010, respectively.

The following table shows the gross unrealized losses and fair value of the Company's investments with unrealized losses that are not deemed to be other-than-temporarily impaired, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at June 30, 2011 and 2010 and at December 31, 2010:

	Less Than 12 Months					12 Months or Greater					Total
June 30, 2011	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses

Equities	$	103,939	$	(4,791	)	$	41,845	$	(31,139	)	$	145,784	$	(35,930	)
Mutual Funds		30,350		(541	)		22,165		(257	)		52,515		(798	)
Preferred Securities		—		—			197,795		(5,719	)		197,795		(5,719	)
Corporate Bonds		148,812		(3,315	)		—		—			148,812		(3,315	)
	$	283,101	$	(8,647	)	$	261,805	$	(37,115	)	$	544,906	$	(45,762	)

	Less Than 12 Months					12 Months or Greater					Total
June 30, 2010	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses

Equities	$	58,222	$	(10,953	)	$	154,154	$	(106,939	)	$	212,376	$	(117,892	)
Mutual Funds		278		(4	)		99,486		(7,849	)		99,764		(7,853	)
Preferred Securities		—		—			193,090		(64,789	)		193,090		(64,789	)
Corporate Bonds		499,285		(26,989	)		181,076		(3,151	)		680,361		(30,140	)
Government Agency Obligations		—		—			84,775		(1,752	)		84,775		(1,752	)
	$	557,785	$	(37,946	)	$	712,581	$	(184,480	)	$	1,270,366	$	(222,426	)

	Less Than 12 Months					12 Months or Greater					Total
December 31, 2010	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses

Equities	$	48,202	$	(11,675	)	$	101,467	$	(57,299	)	$	149,669	$	(68,974	)
Mutual Funds		—		—			85,061		(2,017	)		85,061		(2,017	)
Preferred Securities		—		—			210,185		(18,329	)		210,185		(18,329	)
Corporate Bonds		146,710		(2,296	)		122,532		(3,475	)		269,242		(5,771	)
	$	194,912	$	(13,971	)	$	519,245	$	(81,120	)	$	714,157	$	(95,091	)

Equities, Mutual Funds, Preferred Securities, Corporate Bonds and Government Agency Obligations - The Company's investments in equity securities, mutual funds, corporate bonds and government agency obligations consist of investments in common stock, preferred stock and debt securities of companies in various industries. As of June 30, 2011, there were eleven equity securities, fifteen mutual fund securities, two preferred securities, and two corporate bond securities that had unrealized losses. The Company evaluated the near-term prospects of the issuer in relation to the severity and duration of the impairment. Based on that evaluation and the Company's ability and intent to hold these investments for a reasonable period of time sufficient for a forecasted recovery of fair value, the Company does not consider any material investments to be other-than-temporarily impaired at June 30, 2011.