Note 5 – INVESTMENTS

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

September 30, 2011	Cost		Unrealized Gains		Unrealized Losses			Fair Value

Equities	$	681,162	$	6,386	$	( 88,910	)	$	598,638
Mutual Funds		3,588		40		( 794	)		2,834
Preferred Securities		114,452		---		( 18,154	)		96,298
Corporate Bonds		556,141		---		( 40,011	)		516,130
Government Agency Obligations		601,092		---		( 648	)		600,444

Total	$	1,956,435	$	6,426	$	( 148,517	)	$	1,814,344

September 30, 2010	Cost		Unrealized Gains		Unrealized Losses			Fair Value

Equities	$	689,639	$	27,867	$	( 55,041	)	$	662,465
Mutual Funds		96,537		6,323		( 1,014	)		101,846
Preferred Securities		243,264		10,020		( 11,764	)		241,520
Corporate Bonds		2,313,081		127,867		( 19,777	)		2,421,171
Government Agency Obligations		60,005		1,495		---			61,500

Total	$	3,402,526	$	173,572	$	( 87,596	)	$	3,488,502

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, $990,397 and $2,868,975 during the year ended December 31, 2010 and for the nine months ended September 30, 2011 and 2010, respectively.

Gross gains of $451,420, $27,291 and $245,890 and gross losses of $200,940, $62,824 and $192,793 were realized on these sales during the year ended December 31, 2010 and for the nine months ended September 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 September 30, 2011 and 2010 and at December 31, 2010:

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

Equities	$	386,005	$	( 52,770	)	$	33,294	$	( 36,140	)	$	419,299	$	( 88,910	)
Mutual Funds		238		( 41	)		2,432		( 753	)		2,670		( 794	)
Preferred Securities		---		---			96,298		( 18,154	)		96,298		( 18,154	)
Corporate Bonds		380,326		( 26,810	)		135,805		( 13,201	)		516,131		( 40,011	)
Government Agency obligations		600,444		( 648	)		---		---			600,444		( 648	)
	$	1,367,013	$	( 80,269	)	$	267,829	$	( 68,248	)	$	1,634,842	$	( 148,517	)

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

Equities	$	59,879	$	( 5,726	)	$	79,962	$	( 49,315	)	$	139,841	$	( 55,041	)
Mutual Funds		---		---			17,970		( 1,014	)		17,970		( 1,014	)
Preferred Securities		---		---			216,750		( 11,764	)		216,750		( 11,764	)
Corporate Bonds		625,104		( 17,357	)		176,352		( 2,420	)		801,456		( 19,777	)
	$	684,983	$	( 23,083	)	$	491,034	$	( 64,513	)	$	1,176,017	$	( 87,596	)

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

EquitiesEee EquitiEquities	$	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 September 30, 2011, there were thirty-six equity securities, one mutual fund security, two preferred securities, eight corporate bond securities and one government agency obligation security 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 September 30, 2011.