|
NOTE 2 - TRADING SECURITIES
Investments in securities are summarized as
follows:
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Year |
|
Fair Value at
Beginning of Year
|
|
Purchases |
|
Proceeds from
Sale
|
|
Loss on
Sale
|
|
Contributed
Capital
|
|
Unrealized
Loss
|
|
Fair Value at
December 31,
|
| |
2020 |
|
|
$ |
1,000 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
1,000 |
|
| |
2019 |
|
|
$ |
4,000 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
(3,000 |
) |
|
$ |
1,000 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
| |
|
December 31, 2020 |
|
(Level 1) |
|
(Level 2) |
|
(Level 3) |
| Trading securities |
|
$ 1,000 |
|
$ 1,000 |
|
$ - |
|
$ - |
| Money market funds |
|
1,000 |
|
1,000 |
|
- |
|
- |
| Total |
|
$ 2,000 |
|
$ 2,000 |
|
$ - |
|
$ - |
| |
|
|
|
|
|
|
|
|
| |
|
|
|
Fair Value Measurements at Reporting Date Using |
| |
|
|
|
Quoted Prices |
|
Significant |
|
Significant |
| |
|
|
|
in Active |
|
Other |
|
Unobservable |
| |
|
Fair Value at |
|
Markets |
|
Observable Inputs |
|
Inputs |
| |
|
December 31, 2019 |
|
(Level 1) |
|
(Level 2) |
|
(Level 3) |
| Trading securities |
|
$ 1,000 |
|
$ 1,000 |
|
$ - |
|
$ - |
| Money market funds |
|
1,000 |
|
1,000 |
|
- |
|
- |
| Total |
|
$ 2,000 |
|
$ 2,000 |
|
$ - |
|
$ - |
Generally, for all trading securities and available-for-sale
securities, fair value is determined by reference to quoted market prices (level 1).
|