Quarterly report pursuant to Section 13 or 15(d)

Organziation And Summary Of Significiant Accounting Policies (Tables)

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Organziation And Summary Of Significiant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2014
Organziation And Summary Of Significiant Accounting Policies Tables  
Estimated Economic Useful Lives Of Assets

Furniture & fixtures 5-10 years
Equipment 5- 7 years
Computer equipment          3 years
Leasehold improvements 6-15 years

 

Schedule Of Gross Unrealized Gain\Loss On Securities

Investments in securities are summarized as follows:

    March 31, 2014
    Gross   Gross   Net    
    Unrealized   Unrealized   Unrealized   Fair
    Gain   Loss   Gain (Loss)   Value
Trading securities   $ 1,684,865     $ —       $ 1,684,865     $ 2,968,569  
Available-for-sale securities   $ —       $ 7,507,930     $ 7,507,930     $ 10,345,520  

 

 

    December 31, 2013
    Gross   Gross   Net    
    Unrealized   Unrealized   Unrealized   Fair
    Gain   Loss   Gain (Loss)   Value
Trading securities   $ 4,966,872     $ 6,692,643     $ (1,725,771 )   $ 1,717,438  
Available-for-sale securities   $ 10,665,813     $ 7,144,642     $ 3,521,171     $ 2,900,090  
                                 
Schedule Of Gross Realized Gain\Loss On Securities

    March 31, 2014   March 31, 2013
Trading securities:                
  Sales Proceeds   $ 8,176,418     $ 201,414  
  Gross Realized Losses   $ (122,122 )   $ (27,483 )
  Gross Realized Gains   $ 5,941,554     $ 132,818  
   Gain (loss) on sale of marketable securities   $ 5,819,432     $ 105,335  

 

 

 

Available-for-sale securities:     March 31, 2014       March 31, 2013  
  Sale Proceeds   $ —       $ —    
  Gross Realized Losses   $ —       $ —    
  Gross Realized Gains   $ —       $ —    

 

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, 2014   (Level 1)   (Level 2)   (Level 3)
                 
Trading securities   $ 2,968,569     $ 2,968,569     $ —       $ —    
Available-for-sale securities   $ 10,345,520     $ 10,345,520     $ —       $ —    
Total   $ 13,314,089     $ 13,314,089     $ —       $ —