Quarterly report pursuant to Section 13 or 15(d)

Investment In Marketable Securities (Tables)

v2.4.1.9
Investment In Marketable Securities (Tables)
3 Months Ended
Mar. 31, 2015
Investment In Marketable Securities Tables  
Schedule of Change in Investment in Securities

Change in investments in securities is summarized as follows:

 

Fair Value at   Proceeds from   Loss on   Change In Unrealized   Fair Value at
January 1, 2015   Sale   Sale   Gain (Loss)   March 31, 2015
$ 6,026,780     $ (747,489 )   $ (298,122 )   $ (1,122,546)   $ 3,858,623  
Schedule of Gross Realized Gain\Loss on Securities

During the three months ended March 31, 2015 and 2014, sales proceeds and gross realized gains and losses on securities classified as available-for-sale securities and trading securities were:

 

    March 31, 2015   March 31, 2014
         
  Sales proceeds   $ 747,489     $ 8,176,418  
  Gross realized (losses)    $ (298,122 )   (122,122 )
  Gross realized gains     —         5,941,554  
  Gain on sale of marketable securities   $ (298,122 )   $ 5,819,432  
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
 
 
 
 
 
 
 
 
 
 
Fair Value at
March 31, 2015
 
 
 
 
Quoted Prices
in Active
Markets
(Level 1)
 
 
 
 
Significant
Other
Observable Inputs
(Level 2)
 
 
 
 
Significant
Unobservable
Inputs
(Level 3)
Trading securities   $ 3,858,623     $ 3,858,623     $ —       $ —    
Money market funds     520,713       520,713       —         —    
Total   $ 4,379,336     $ 4,379,336     $ —       $ —    

  

        Fair Value Measurements at Reporting Date Using
 
 
 
 
 
 
 
 
 
 
Fair Value at
December 31, 2014
 
 
 
 
Quoted Prices
in Active
Markets
(Level 1)
 
 
 
 
Significant
Other
Observable Inputs
(Level 2)
 
 
 
 
Significant
Unobservable
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     $ —       $ —