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Note 2 - Securities Available-for-Sale
 12 Months Ended
Dec. 31, 2011
Available-for-sale Securities [Table Text Block]
Note 2. 
Securities Available-for-Sale

Debt and equity securities have been classified in the balance sheet according to management’s intent in the noncurrent asset sections under the heading “securities available-for-sale”.  The carrying amount of securities and their approximate fair values at December 31, 2011 and 2010 follow:

   
Gross Amortized Cost
   
Unrealized Gains
   
Unrealized Losses
   
Fair Value
 
At December 31, 2011
                       
Equity securities
    -       -       -       -  
Mutual Funds
  $ -       -       -       -  
    $ -       -       -       -  
                                 
At December 31, 2010
                               
Equity securities
    -       -       -       -  
Mutual Funds
  $ 776,496       7,276       -       783,772  
    $ 776,496       7,276       --       783,772  

Gross realized gains and gross realized losses on sales of securities available-for-sale for the year ended December 31, 2011 and 2010 are presented below.

   
Realized Gains
   
Realized Losses
   
Net Gains (Losses)
 
December 31, 2011
                 
Equity securities
  $ --       --       --  
Mutual Funds
  $ 10,831       143       10,688  
                         
December 31, 2010
                       
Equity securities
  $ 216,831       67,472       149,360  
Mutual Funds
  $ 6,193       --       6,193  

During the years ended December 31, 2011 and 2010, there were no available-for-sale securities with gross unrealized losses.

Management evaluates securities for other-than-temporary impairment at least on a quarterly basis, and more frequently when economic or market concerns warrant such evaluation.  Consideration is given to (1) the length of time and the extent to which the fair value has been less than cost, (2) the financial condition and near-term prospects of the issuer, and (3) the intent and ability of the Company to retain its investment in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value.

The Company has the intent and ability to retain its investments for a period of time sufficient to allow for anticipated recovery of fair value.