Quarterly report pursuant to Section 13 or 15(d)

Trading Securities (Tables)

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Trading Securities (Tables)
9 Months Ended
Sep. 30, 2018
Disclosure Investment In Marketable Securities Tables Abstract  
Schedule of Change in Investment in Securities

Investments in securities are summarized as follows:

 

    Fair Value at   Gain on   Unrealized   Fair Value at
Year   Beginning of Year   Sale   Loss   September 30, 2018
  2018     $ 48,000     $ —       $ (36,000 )   $ 12,000  
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
    September 30, 2018   (Level 1)   (Level 2)   (Level 3)
Trading securities    $                   12,000    $                   12,000    $                          —    $                           —  
Money market funds                           1,000                           1,000                                 —                                 —  
Total    $                   13,000    $                   13,000    $                           —    $                           —  

 

        Fair Value Measurements at Reporting Date Using
        Quoted Prices   Significant   Significant
        in Active   Other   Unobservable
    Fair Value at   Markets   Observable Inputs   Inputs
    December 31, 2017   (Level 1)   (Level 2)   (Level 3)
Trading securities    $                   48,000    $                   48,000    $                           —    $                        —
Money market funds                         36,000                         36,000                                 —                                 —
Total    $                   84,000    $                   84,000    $                           —    $                         —