Note 5 – INVESTMENTS

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

December 31, 2011	Cost		Unrealized Gains		Unrealized Losses			Fair Value

Equities	$	682,569	$	55,244	$	(23,211	)	$	714,602
Mutual Funds		64,563		3,275		(713	)		67,125
Preferred Securities		64,452		—		(17,702	)		46,750
Corporate Bonds		899,298		1,019		(33,750	)		866,567

Total	$	1,710,882	$	59,538	$	(75,376	)	$	1,695,044

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 $1,810,816 and $5,669,158, during the years ended December 31, 2011 and 2010, respectively.

Gross gains of $33,278 and $451,420 and gross losses of $62,534 and $200,940 were realized on these sales during the years ended December 31, 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 December 31, 2011 and 2010:

	Less Than 12 Months				12 Months or Greater				Total
December 31, 2011	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses

Equities	$	176,966	$	(23,211)		—		—	$	176,966	$	(23,211)
Mutual Funds		—		—		10,585		(713)		10,585		(713)
Preferred Securities		—		—		46,750		(17,702)		46,750		(17,702)
Corporate Bonds		626,292		(24,000)		90,250		(9,750)		716,542		(33,750)
	$	803,258	$	(47,211)	$	147,585	$	(28,165)	$	950,843	$	(75,376)

	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, and Corporate Bonds - The Company's investments in equity securities, mutual funds, preferred securities, and corporate bonds consist of investments in common stock, preferred stock and debt securities of companies in various industries. As of December 31, 2011, there were seventeen equity securities, three mutual fund securities, one preferred security, and nine 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 did not consider any material investments to be other-than-temporarily impaired at December 31, 2010.

We recorded other than temporary impairments related to investments in certain equities of $36,032 related to securities with a cost basis of $51,095 and a fair value of $15,063. The impairments recognized relate to securities that were in an unrealized loss position at December 31, 2011 that we consider other than temporarily impaired due to the recent performance of the issuers of those securities.