Note 4 – INVESTMENTS

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


June 30, 2013	Cost		Unrealized Gains		Unrealized Losses			Fair Value

Equities	$	893,998	$	83,082	$	(39,910	)	$	937,170
Mutual Funds		17,803		0		(209	)		17,594
Preferred Securities		403,300		40		(26,030	)		377,310
Corporate Bonds		1,216,728		5,100		(70,230	)		1,151,598
Total	$	2,531,829	$	88,222	$	(136,379	)	$	2,483,672


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
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

Proceeds from the sale of investments were $1,948,839 and $658,233 for the six months ended June 30, 2013 and 2012, respectively.

Gross gains of $151,472 and $37,405 and gross losses of $30,192 and $15,014 were realized on these sales during the six months ended June 30, 2013 and 2012, 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, 2013 and 2012 and at December 31, 2012:


	Less Than 12 Months					12 Months or Greater					Total
June 30, 2013	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses

Equities	$	455,403	$	(39,910	)	$	0	$	0		$	455,403	$	(39,910	)
Mutual Funds		17,594		(209	)		0		0			17,594		(209	)
Preferred Securities		302,265		(26,030	)		0		0			302,265		(26,030	)
Corporate Bonds		876,607		(60,701	)		115,691		(9,529	)		992,298		(70,230	)
	$	1,651,869	$	126,850		$	115,691	$	(9,529	)	$	1,767,560	$	(136,379	)


	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
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	)

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, 2013, three 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, 2013.