Quarterly report pursuant to Section 13 or 15(d)

Trading Securities (Tables)

v3.7.0.1
Trading Securities (Tables)
3 Months Ended
Mar. 31, 2017
Trading Securities Tables  
Schedule of Change in Investment in Securities

Investments in securities are summarized as follows:

 

    Fair Value at            
Year   Beginning of Year   Purchases  

Proceeds from

Sale

 

Gain on

Sale

 

Unrealized

Loss

 

Fair Value at

March 31, 2017

  2017     $ 59,000     $ —       $ —       $ —       $ (15,000 )   $ 44,000  
Schedule of Gross Realized Gain\Loss on Securities

During the three months ended March 31, 2017 and 2016, sales proceeds and gross realized gains and losses on trading securities were:

 

    March 31,
2017
  March 31,
2016
         
  Sales proceeds   $ —       $ 189,000  
  Gross realized (losses)   $ —       $ —    
  Gross realized gains     —         49,000  
  Gain (loss) on sale of trading securities   $ —       $ 49,000  

  

Schedule of Fair Value of Assets Measured on Recurring Basis

The following table discloses the assets measured at fair value on a recurring basis and the methods used to determine fair value:

 

        Fair Value Measurements at Reporting Date Using
        Quoted Prices   Significant   Significant
        in Active   Other   Unobservable
    Fair Value at   Markets   Observable Inputs   Inputs
    March 31, 2017   (Level 1)   (Level 2)   (Level 3)
Trading securities    $                   44,000    $                   44,000    $                           -       $                          -   
Money market funds                         36,000                         36,000                                 -                                   -   
Total    $                   80,000    $                   80,000    $                           -       $                          -   

  

        Fair Value Measurements at Reporting Date Using
        Quoted Prices   Significant   Significant
        in Active   Other   Unobservable
    Fair Value at   Markets   Observable Inputs   Inputs
    December 31, 2016   (Level 1)   (Level 2)   (Level 3)
Trading securities    $                   59,000    $                   59,000    $                           -       $                          -   
Money market funds                         36,000                         36,000                                 -                                   -   
Total    $                   95,000    $                   95,000    $                           -       $                          -