7. Investment in Securities

9 Months Ended

Sep. 30, 2015

Schedule of Investments [Abstract]

NOTE 7 - Investment in Securities

In July 2015 the Company, through its new wholly owned subsidiary, purchased approximately 1.6 million shares of Iteris (NYSE MKT: ITI), which is a non-controlling interest, where the Company does not have significant influence. As the fair value of the investment is a quoted price in an active market, the investment is classified as Level 1 under the fair value hierarchy of ASC Topic 820. The investment is recorded at market value on the Company’s balance sheet as of September 30, 2015 as a non-current asset totaling approximately $3,900, with cost of approximately $2,800. At September 30, 2015 the corresponding unrealized gain of approximately $700, net of tax of $432, is included in accumulated other comprehensive income as a separate component of stockholders’ equity. There was no impact to the Company’s statement of operations.