Fair Value Measurements

9 Months Ended

Sep. 30, 2011

Note 5. Fair Value Measurements

The following table provides information on those assets measured at fair value on a recurring basis.

	Carrying amount
	in condensed
	consolidated
	balance sheet	Fair Value	Fair Value Measurement Using
	September 30, 2011	September 30, 2011	Level 1	Level 2	Level 3

Assets:
Cash and cash equivalents
Money Market Funds	$5,371,000	$5,371,000	$5,371,000	$ -	$ -
Available-for-sale:
Equity Securities	$2,344,000	$2,344,000	$2,344,000	$ -	$ -


	Carrying amount
	in condensed
	consolidated
	balance sheet	Fair Value	Fair Value Measurement Using
	December 31, 2010	December 31, 2010	Level 1	Level 2	Level 3
Assets:
Cash and cash equivalents:
Money Market Funds	$170,000	$170,000	$170,000	$ -	$ -
Treasury Bills	$5,197,000	$5,197,000	$5,197,000	$ -	$ -
Available-for-sale:
Equity Securities	$2,830,000	$2,830,000	$2,830,000	$ -	$ -

The fair value of the money market funds, treasury bills, and equity securities are based on quoted market prices in an active market. Closing stock prices are readily available from active markets and are used as being representative of fair value. The Company classifies these securities as level 1.

- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

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