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Investments in Securities
3 Months Ended
Mar. 31, 2017
Investments Debt And Equity Securities [Abstract]  
Investments in Securities

4. INVESTMENTS IN SECURITIES

Investments in securities as of March 31, 2017 consisted of the following:

 

 

 

 

 

 

 

Gross Unrealized

 

 

 

 

 

 

 

Cost Basis

 

 

Gains

 

 

Losses

 

 

Value

 

Investment securities, available-for-sale

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common and preferred stocks

 

$

755,487

 

 

$

672,800

 

 

$

 

 

$

1,428,287

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total investment in securities

 

$

755,487

 

 

$

672,800

 

 

$

 

 

$

1,428,287