Annual report pursuant to Section 13 and 15(d)

Trading Securities

v3.21.1
Trading Securities
12 Months Ended
Dec. 31, 2020
Investments, Debt and Equity Securities [Abstract]  
Trading Securities

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).