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Investments
 9 Months Ended
Sep. 30, 2016
Notes to Financial Statements  
Note 4 - Investments

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

 

September 30, 2016   Cost    

Unrealized

Gains

    

Unrealized

Losses

    

Fair

Value

  
                         
Common stocks & ETF's   $ —     $ —     $ —     $ —  
Mutual Funds     —       —       —       —  
Preferred Securities     —       —       —       —  
Corporate Bonds     —       —       —       —  
Total   $ —     $ —     $ —     $ —  

 

 

December 31, 2015   Cost    

Unrealized

Gains

    

Unrealized

Losses

    

Fair

Value

  
                         
Common stocks & ETF's   $ 690     $ 17     $ (94 )   $ 613  
Mutual Funds     27       —       (1 )     26  
Preferred Securities     98       6       —       104  
Corporate Bonds     1,518       43       (88 )     1,473  
Total   $ 2,333     $ 66     $ (183 )   $ 2,216  

 

 

Gross gains of $185 and $14 and gross losses of $200 and $35 were realized on these sales during the nine months ended September 30, 2016 and 2015, respectively.  Gross gains of $120 and $1 and gross losses of $108 and $0 were realized on these sales during the three months ended September 30, 2016 and 2015 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, 2016 and December 31, 2015:

 

    Less Than 12 Months     12 Months or Greater     Total  
September 30, 2016   Fair Value     Unrealized Losses     Fair Value     Unrealized Losses     Fair Value     Unrealized Losses  
                                                 
Common stocks & ETF's   $ —     $ —     $ —     $ —     $ —     $ —  
Mutual Funds     —       —       —       —       —       —  
Preferred Securities     —       —       —       —       —       —  
Corporate Bonds     —       —       —       —       —       —  
    $ —     $ —     $ —     $ —     $ —     $ —  

 

 

    Less Than 12 Months     12 Months or Greater     Total  
December 31, 2015   Fair Value     Unrealized Losses     Fair Value     Unrealized Losses     Fair Value     Unrealized Losses  
                                                 
Common stocks & ETF's   $ 225     $ (72 )   $ 152     $ (22 )   $ 377     $ (94 )
Mutual Funds     26       (1 )     —       —       26       (1 )
Preferred Securities     —       —       —       —       —       —  
Corporate Bonds     370       (32 )     479       (56 )     849       (88 )
    $ 621     $ (105 )   $ 631     $ (78 )   $ 1,252     $ (183 )

 

The Company's investments in equity securities, mutual funds, preferred securities, and corporate bonds consisted of investments in common stock, preferred stock, structured notes and other debt securities of companies in various industries. The Company recorded other-than-temporary impairment losses related to certain structured notes of $0 and $385 during the nine months ended September 30, 2016 and 2015 respectively.  The structured notes allow the issuer to settle at an amount less than par in certain circumstances. In reaching a conclusion to record these other-than-temporary impairment losses, the Company evaluated the near-term prospects of the issuers and determined it was probable the issuers would have the ability to settle the bonds for an amount less than par value at maturity.