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Investments
12 Months Ended
Dec. 31, 2013
Investments [Abstract]  
Investments

Note 4 – INVESTMENTS

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

                                 
December 31, 2013
 
Cost
   
Unrealized
Gains
   
Unrealized
Losses
   
Fair
Value
 
Equities
 
$
1,006,169
   
$
98,213
   
$
(32,181)
   
$
1,072,201
 
Mutual Funds
   
54,847
     
1,994
     
0
     
56,841
 
Preferred Securities
   
464,585
     
12,960
     
(15,449)
     
462,096
 
Corporate Bonds
   
973,333
     
1,329
     
(49,420)
     
925,242
 
Total
 
$
2,498,934
   
$
114,496
   
$
(97,050)
   
$
2,516,380
 

                                 
                         
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 $3,001,016 and $1,475,730 for the years ended December 31, 2013 and 2012, respectively.

Gross gains of $248,223 and $88,713 and gross losses of $52,723 and $17,427 were realized on these sales during the years ended December 31, 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 December 31, 2013 and 2012:

                                                 
   
Less Than 12 Months
   
12 Months or Greater
   
Total
 
December 31, 2013
 
Fair Value
   
Unrealized Losses
   
Fair Value
   
Unrealized Losses
   
Fair Value
   
Unrealized Losses
 
Equities
 
$
213,222
   
$
(32,180
)
 
$
0
   
$
0
   
$
213,222
   
$
(32,180
)
Mutual Funds
   
0
     
0
     
0
     
0
     
0
     
0
 
Preferred Securities
   
224,125
     
(15,449
)
   
0
     
0
     
224,125
     
(15,449
)
Corporate Bonds
   
615,986
     
(42,827
)
   
96,726
     
(6,593
)
   
712,712
     
(49,420
)
   
$
1,053,333
   
$
(90,456
)
 
$
96,726
   
$
(6,593
)
 
$
1,150,059
   
$
(97,049
)


                                                 
   
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 December 31, 2013, there were three corporate bond securities that had unrealized losses greater than twelve months. 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, 2013.