Note 4 – INVESTMENTS

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


June 30, 2012	Cost		Unrealized Gains		Unrealized Losses		Fair Value

Equities	$	642,977	$	74,414	$	(10,644)	$	706,747
Mutual Funds		56,872		2,097		(237)		58,732
Preferred Securities		0		0		0		0
Corporate Bonds		1,118,173		9,483		(25,901)		1,101,755
Total	$	1,818,022	$	85,994	$	(36,782)	$	1,867,234


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		0		(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


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		0		(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

Proceeds from the sale of investments were $658,233 and $532,640 for the six months ended June 30, 2012 and 2011, respectively.

Gross gains of $37,405 and $27,622 and gross losses of $15,014 and $29,678 were realized on these sales during the six months ended June 30, 2012 and 2011 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, 2012 and 2011 December 31, 2011:


	Less Than 12 Months				12 Months or Greater				Total
June 30, 2012	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses

Equities	$	57,963	$	(6,972)	$	76,496	$	(3,673)	$	134,459	$	(10,645)
Mutual Funds		0		0		2,952		(237)		2,952		(237)
Preferred Securities		0		0		0		0		0		0
Corporate Bonds		547,884		(22,864)		49,090		(3,037)		596,974		(25,901)
	$	605,847	$	(29,836)	$	128,538	$	(6,647)	$	734,385	$	(36,783)


	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		0		0			197,795		(5,719	)		197,795		(5,719	)
Corporate Bonds		148,812		(3,315	)		0		0			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
December 31, 2011	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses

Equities	$	176,966	$	(23,211)		0		0	$	176,966	$	(23,211)
Mutual Funds		0		0		10,585		(713)		10,585		(713)
Preferred Securities		0		0		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)

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 June 30, 2012, there were six equity securities, two mutual fund securities, one preferred security, and four 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 June 30, 2012.