XML 40 R11.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Investments | 9 Months Ended
--- | ---
Sep. 30, 2013
Investments [Abstract] |
Investments | Note 4 – INVESTMENTS The cost and fair value of investments classified as available for sale are as follows:
September 30, 2013 |  | Cost |  |  | Unrealized Gains |  |  | Unrealized Losses |  |  | Fair Value |
Equities |  | $ | 887,418 |  |  | $ | 115,298 |  |  | $ | (29,256 | ) |  | $ | 973,460 |
Mutual Funds |  |  | 69,849 |  |  |  | 0 |  |  |  | (1,965 | ) |  |  | 67,884 |
Preferred Securities |  |  | 528,306 |  |  |  | 3,684 |  |  |  | (26,363 | ) |  |  | 505,627 |
Corporate Bonds |  |  | 1,017,252 |  |  |  | 1 |  |  |  | (57,761 | ) |  |  | 959,492 |
Total |  | $ | 2,502,825 |  |  | $ | 118,983 |  |  | $ | (115,345 | ) |  | $ | 2,506,463 |
September 30, 2012 |  | Cost |  |  | Unrealized Gains |  |  | Unrealized Losses |  |  | Fair Value |
Equities |  | $ | 698,444 |  |  | $ | 128,530 |  |  | $ | (11,971 | ) |  | $ | 815,003 |
Mutual Funds |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Preferred Securities |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Corporate Bonds |  |  | 1,178,762 |  |  |  | 41,825 |  |  |  | (2,991 | ) |  |  | 1,217,596 |
Total |  | $ | 1,877,206 |  |  | $ | 170,355 |  |  | $ | (14,962 | ) |  | $ | 2,032,599 |
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 $2,281,792 and $802,026 for the nine months ended September 30, 2013 and 2012, respectively. Gross gains of $ 161,421 and $43,367 and gross losses of $39,980 and $16,952 were realized on these sales during the nine months ended September 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 September 30, 2013 and 2012 and at December 31, 2012:
|  | Less Than 12 Months |  |  | 12 Months or Greater |  |  | Total |
September 30, 2013 |  | Fair Value |  |  | Unrealized Losses |  |  | Fair Value |  |  | Unrealized Losses |  |  | Fair Value |  |  | Unrealized Losses |
Equities |  | $ | 292,456 |  |  | $ | (28,896 | ) |  | $ | 21,409 |  |  | $ | (359 | ) |  | $ | 313,865 |  |  | $ | (29,255 | )
Mutual Funds |  |  | 50,080 |  |  |  | (1,965 | ) |  |  | 0 |  |  |  | 0 |  |  |  | 50,080 |  |  |  | (1,965 | )
Preferred Securities |  |  | 276,933 |  |  |  | (26,363 | ) |  |  | 0 |  |  |  | 0 |  |  |  | 276,933 |  |  |  | (26,363 | )
Corporate Bonds |  |  | 868,294 |  |  |  | (54,667 | ) |  |  | 80,994 |  |  |  | (3,094 | ) |  |  | 949,288 |  |  |  | (57,761 | )
|  | $ | 1,487,763 |  |  | $ | (111,891 | ) |  | $ | 102,403 |  |  | $ | (3,453 | ) |  | $ | 1,590,166 |  |  | $ | (115,344 | )
|  | Less Than 12 Months |  |  | 12 Months or Greater |  |  | Total |
September 30, 2012 |  | Fair Value |  |  | Unrealized Losses |  |  | Fair Value |  |  | Unrealized Losses |  |  | Fair Value |  |  | Unrealized Losses |
Equities |  | $ | 19,437 |  |  | $ | (10,998 | ) |  | $ | 22,669 |  |  | $ | (973 | ) |  | $ | 42,106 |  |  | $ | (11,971 | )
Mutual Funds |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Preferred Securities |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Corporate Bonds |  |  | 81,472 |  |  |  | (490 | ) |  |  | 149,626 |  |  |  | (2,501 | ) |  |  | 231,098 |  |  |  | (2,991 | )
|  | $ | 100,909 |  |  | $ | (11,488 | ) |  | $ | 172,295 |  |  | $ | (3,474 | ) |  | $ | 273,204 |  |  | $ | (14,962 | )
|  | 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 September 30, 2013, there were 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 September 30, 2013.

X
- Details
Name: | us-gaap_InvestmentsAllOtherInvestmentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for investments and other noncurrent assets. + References No definition available. + Details
Name: | us-gaap_InvestmentsAndOtherNoncurrentAssetsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration