XML 43 R10.htm IDEA: XBRL DOCUMENT v2.4.0.8
Investment in Available-for-Sale Securities
 9 Months Ended
Sep. 30, 2014
Available-For-Sale Securities [Abstract]  
Available For Sale Securities Disclosure [Text Block]
4.  Investment in Available-for-Sale Securities
 
The following is a summary of the Company’s investments in available-for-sale securities as of September 30, 2014 (unaudited):
 
 
 
 
 
Unrealized
 
Unrealized
 
 
 
 
 
Cost
 
Gains
 
Losses
 
Fair Value
 
U.S. federal agency securities
 
$
89,866
 
$
73
 
$
(138)
 
$
89,801
 
Municipal securities
 
 
439,599
 
 
907
 
 
(1,027)
 
 
439,479
 
Certificates of deposit
 
 
1,329,712
 
 
18,925
 
 
(13,424)
 
 
1,335,213
 
Corporate debt securities
 
 
38,166
 
 
289
 
 
-
 
 
38,455
 
 
 
$
1,897,343
 
$
20,194
 
$
(14,589)
 
$
1,902,948
 
 
The following is a summary of the Company’s investments in available-for-sale securities as of December 31, 2013:  
 
 
 
 
 
Unrealized
 
Unrealized
 
 
 
 
 
Cost
 
Gains
 
Losses
 
Fair Value
 
U.S. federal agency securities
 
$
90,549
 
$
93
 
$
(277)
 
$
90,365
 
Municipal securities
 
 
735,826
 
 
2,175
 
 
(6)
 
 
737,995
 
Certificates of deposit
 
 
1,539,377
 
 
12,281
 
 
(19,398)
 
 
1,532,260
 
Corporate debt securities
 
 
174,738
 
 
275
 
 
(9,091)
 
 
165,922
 
 
 
$
2,540,490
 
$
14,824
 
$
(28,772)
 
$
2,526,542
 
 
 
The cost and fair value of investments in fixed income available-for-sale debt securities, by contractual maturity, as of September 30, 2014 (unaudited), are as follows:
 
 
 
 
 
Fair
 
 
 
Cost
 
Value
 
Due within one year
 
$
1,000,685
 
$
1,000,429
 
Due after one year through three years
 
 
579,476
 
 
584,362
 
Due after three years
 
 
317,182
 
 
318,157
 
 
 
$
1,897,343
 
$
1,902,948
 
 
Expected maturities will differ from contractual maturities because the issuers of certain debt securities have the right to call or prepay their obligations without any penalties.  The Company has classified the entire fair value of its investment in available-for-sale debt securities as current assets in the accompanying balance sheets.