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FAIR VALUE MEASUREMENTS (Tables)
9 Months Ended
Sep. 30, 2014
Fair Value Measurements Tables  
Assets and liabilities measured at fair value on a recurring basis

The following tables provide information on those assets measured at fair value on a recurring basis as of September 30, 2014 and December 31, 2013, respectively:

 

    Carrying Amount In Balance Sheet
September 30,
    Fair Value
September 30,
    Fair Value Measurement Using  
    2014      2014     Level 1     Level 2     Level 3  
Assets:                              
Money Market Funds   $ 1,082,620     $ 1,082,620     $ 1,082,620     $ -     $ -  

 

    Carrying Amount In Balance Sheet
December 31,
    Fair Value
December 31,
    Fair Value Measurement Using  
    2013     2013     Level 1     Level 2     Level 3  
Assets:                              
Money Market Funds   $ 1,221,675     $ 1,221,675     $ 1,221,675     $ -     $ -