Annual report pursuant to Section 13 and 15(d)

Investment In Marketable Securities (Tables)

v2.4.1.9
Investment In Marketable Securities (Tables)
12 Months Ended
Dec. 31, 2014
Investment In Marketable Securities Tables  
Schedule of Gross Unrealized Gain\Loss on Securities

Investments in securities are summarized as follows:

 

    December 31, 2014
        Gross   Gross    
    Cost   Unrealized   Unrealized   Fair
    Basis   Gain   (Loss)   Value
Trading securities    $                  7,130,688    $                  2,063,103    $                (3,167,011)    $             6,026,780

 

    December 31, 2013
        Gross   Gross    
    Cost   Unrealized   Unrealized   Fair
    Basis   Gain   (Loss)   Value
Trading securities    $                  3,543,711    $                       67,841    $                (1,894,116)    $             1,717,436
Available-for-sale securities    $                  4,185,099    $                              -       $                (1,285,009)    $             2,900,090

 

Schedule of Gross Realized Gain\Loss on Securities

During the years ended December 31, 2014 and 2013, sales proceeds and gross realized gains and losses on securities classified as available-for-sale securities and trading securities were:

 

    December 31, 2014   December 31, 2013
         
  Sales proceeds   $ 8,579,373     $ 5,365,534  
  Gross realized (losses)     (74,732 )     (3,522,139 )
  Gross realized gains     6,063,950       4,639,844  
  Gain on sale of marketable securities   $ 5,989,218     $ 1,117,705  
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
          Significant  
        Quoted Prices   Other   Significant
    Fair Value at   in Active   Observable   Unobservable
    December 31,
2014
  Markets
(Level 1)
  Inputs
(Level 2)
  Inputs
(Level 3)
Trading securities   $ 6,026,780     $ 6,026,780     $ —       $ —    
Money market funds     673,281       673,281       —         —    
Total   $ 6,700,061     $ 6,700,061     $ —       $ —    

 

        Fair Value Measurements at Reporting Date Using
          Significant  
        Quoted Prices   Other   Significant
    Fair Value at   in Active   Observable   Unobservable
    December 31,
2013
  Markets
(Level 1)
  Inputs
(Level 2)
  Inputs
(Level 3)
Trading securities   $ 1,717,436     $ 1,717,436     $ —       $ —    
Money market funds     97,356       97,356       —         —    
Available-for-sale securities     2,900,090       2,900,090       —         —    
Total   $ 4,714,882     $ 4,714,882     $ —       $ —