Note 4 – INVESTMENTS

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


December 31, 2012	Cost		Unrealized Gains		Unrealized Losses			Fair Value

Equities	$	639,974	$	90,875	$	( 5,190	)	$	725,659
Corporate Bonds		1,135,064		16,212		( 7,047	)		1,144,229
Total	$	1,775,038	$	107,087	$	( 12,237	)	$	1,869,888


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 $1,475,730 and $1,810,816 for the years ended December 31, 2012 and 2011, respectively.

Gross gains of $88,713 and $33,278 and gross losses of $17,427 and $62,534 were realized on these sales during the years ended December 31, 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 December 31, 2012 and 2011:


	Less Than 12 Months					12 Months or Greater					Total
December 31, 2012	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses

Equities	$	63,620	$	( 3,745	)	$	21,910	$	( 1,445	)	$	85,530	$	( 5,190	)
Corporate Bonds		301,229		( 2,721	)		193,930		( 4,326	)		495,159		( 7,047	)
	$	364,849	$	( 6,466	)	$	215,840	$	( 5,771	)	$	580,689	$	( 12,237	)


	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 December 31, 2012, there were two equity securities, one option on equity securities, 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 December 31, 2012.