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Investments

6 Months Ended

Jun. 30, 2014

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

June 30, 2014	Cost		Unrealized Gains		Unrealized Losses			Fair Value
Equities	$	986,709	$	90,872	$	(28,176	)	$	1,049,405
Mutual Funds		15,070		895		(795	)		15,170
Preferred Securities		394,015		28,088		0			422,103
Corporate Bonds		1,520,466		4,356		(25,171	)		1,499,651
Total	$	2,916,260	$	124,211	$	(54,142	)	$	2,986,329

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		(70,229	)		1,151,599
Total	$	2,531,829	$	88,222	$	(136,378	)	$	2,483,673

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

Proceeds from the sale of investments were $1,419,362 and $1,948,839 for the six months ended June 30, 2014 and 2013, respectively.

Gross gains of $80,822 and $151,472 and gross losses of $18,319 and $30,192 were realized on these sales during the six months ended June 30, 2014 and 2013, 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, 2014 and 2013 and at December 31, 2013:

	Less Than 12 Months					12 Months or Greater					Total
June 30, 2014	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
Equities	$	202,239	$	(17,150	)	$	121,033	$	(11,026	)	$	323,272	$	(28,176	)
Mutual Funds		7,235		(795	)		0		0			7,235		(795	)
Corporate Bonds		669,480		(6,285	)		442,924		(18,886	)		1,112,404		(25,171	)
	$	878,954	$	(24,230	)	$	563,957	$	(29,912	)	$	1,442,911	$	(54,142	)

	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
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	)

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, 2014, 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 June 30, 2014.