QUARTERLY FINANCIAL DATA (Unaudited)

12 Months Ended

Dec. 31, 2014

Quarterly Financial Information Disclosure [Abstract]

NOTE 7 - QUARTERLY FINANCIAL DATA (Unaudited)

The following summarized (unaudited) quarterly financial information presents the results of operations and other data for the three-month periods ended March 31, June 30, September 30 and December 31, 2014 and 2013.

			Second				Fourth
	First Quarter		Quarter		Third Quarter		Quarter
	2014		2014		2014		2014
Total income (loss)	$	2,154,963	$	59,752	$	(1,333,315)	$	(4,674,704)
Total expenses		96,400		85,090		75,491		50,602
Expense waivers		(38,045)		(40,700)		(39,383)		(10,778)
Net expenses		58,355		44,390		36,108		39,824
Net income (loss)	$	2,096,608	$	15,362	$	(1,369,423)	$	(4,714,528)
Net income (loss) per share	$	1.31	$	(0.07)	$	(1.52)	$	(4.35)

			Second				Fourth
	First Quarter		Quarter		Third Quarter		Quarter
	2013		2013		2013		2013
Total income (loss)	$	5,182,801	$	(2,870,767)	$	(352,278)	$	2,450,824
Total expenses		121,121		100,767		94,831		104,839
Expense waivers		(14,464)		(18,323)		(30,231)		(37,562)
Net expenses		106,657		82,444		64,600		67,277
Net income (loss)	$	5,076,144	$	(2,953,211)	$	(416,878)	$	2,383,547
Net income (loss) per share	$	2.05	$	(2.07)	$	(0.30)	$	1.41

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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