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NOTE 8 - TRADING SECURITIES
9 Months Ended
Sep. 30, 2013
Marketable Securities [Abstract]  
NOTE 8 - TRADING SECURITIES

NOTE 8 - Trading Securities

   Cost  Market value  Unrealized Loss
    75,000    21,263    28,300 
    3,077    2,992    85 
Marketable equity securities  $78,077   $24,255   $28,385 

 

Fair market measurement at September 30, 2013 was computed using quoted prices in an active market for identified assets, (level 1). One of the securities was obtained as compensation for performing consulting services. The other was purchased as an investment.

 

During the nine months ended September 30, 2013 the Company purchased as an investment 34,000 shares of marketable equity securities for $3,077.

 

During the nine months ended September 30, 2013 the Company sold 72,500 shares of marketable equity securities for a gain of $4,484.

 

During the nine months ended September 30, 2012 the Company sold 100,000 shares of marketable equity securities for a loss of $6,523.

 

The unrealized gain for the nine months ended September 30, 2013 is $7,365 and the unrealized loss for the nine months ended June 30, 2012 is $35,500 and are included in the Statement of Operations.