Quarterly report pursuant to Section 13 or 15(d)

Trading Securities (Tables)

v3.7.0.1
Trading Securities (Tables)
6 Months Ended
Jun. 30, 2017
Trading Securities Tables  
Schedule of Change in Investment in Securities

Investments in securities are summarized as follows:

 

    Fair Value at            
    Beginning of       Proceeds from   Gain on   Unrealized   Fair Value at
Year   Year   Purchases   Sale   Sale   Loss   June 30, 2017
  2017     $ 59,000     $ —       $ —       $ —       $ (27,000 )   $ 32,000  
Schedule of Gross Realized Gain\Loss on Securities

Realized gains and losses are determined on the basis of specific identification. During the six months ended June 30, 2017 and 2016, sales proceeds and gross realized gains and losses on trading securities were:

 

      June 30,
2017
      June 30,
2016
 
                 
  Sales proceeds   $ —       $ 280,000  
  Gross realized (losses)   $ —       $ —    
  Gross realized gains     —         74,000  
  Gain (loss) on sale of trading securities   $ —       $ 74,000  
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
    June 30, 2017   (Level 1)   (Level 2)   (Level 3)
Trading securities    $                   32,000    $                   32,000    $                           -       $                          -   
Money market funds                         36,000                         36,000                                 -                                   -   
Total    $                   68,000    $                   68,000    $                           -       $                          -   

 

 

        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    $                           -       $                          -