Note 2 - Marketable Securities

12 Months Ended

Dec. 31, 2013

Notes

Note 2 - Marketable Securities

Note 2 – Marketable Securities

The Company has classified its marketable securities as available for sale.  Realized gains on marketable securities totaled $27 and $7for the years ended December 31, 2013 and 2012, respectively. The following tables summarize the Company’s marketable securities’ adjusted cost, gross unrealized gains (losses) and fair value:

	December 31, 2013
	Adjusted	Unrealized	Unrealized	Fair
	Cost	Gains	Losses	Value
Mutual funds - debt securities	$184	-	$(1)	$183
Money market mutual funds	46	-	-	46
Total	$230	-	$(1)	$229

	December 31, 2012
	Adjusted	Unrealized	Unrealized	Fair
	Cost	Gains	Losses	Value
Mutual funds - equity securities	$367	$24	$(24)	$367
Mutual funds - debt securities	293	5	-	298
Money market mutual funds	47	-	-	47
Total	$707	$29	$(24)	$712

The Company considers the declines in market value of its marketable securities to be temporary in nature.  The investments consist of mutual funds selected according to an asset allocation policy of capital preservation.   When evaluating the investments for other-than-temporary impairment, the Company reviews factors such as the length of time and extent to which fair value has been below cost basis, the financial condition of the issuer and any changes thereto, and the Company’s intent to sell the investment before recovery of the investment’s amortized cost basis. During the years ended December 31, 2013 and 2012, the Company did not recognize any other-than-temporary impairment charges on outstanding securities. As of December 31, 2013, the Company does not consider any of its investments to be other-than-temporarily impaired.

Fair Value Measurements

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.  To increase the comparability of fair value measures, the following hierarchy prioritizes the inputs according to valuation methodologies used to measure fair value:

Level 1—Observable inputs reflecting quoted prices (unadjusted) for identical assets or liabilities in active markets

Level 2—Observable inputs (other than Level 1) directly or indirectly observable in the marketplace

Level 3—Unobservable inputs supported by little or no market activity

Marketable securities are classified within Level 1 because the underlying investments have readily available quoted market prices.

Marketable securities measured at fair value on a recurring basis are summarized below:

Description	December 31, 2013	Level 1	Level 2	Level 3
Assets:
Mutual funds - debt securities	$183	$183	-	-
Money market mutual funds	46	46	-	-
Total	$229	$229	-	-

Description	December 31, 2012	Level 1	Level 2	Level 3
Assets:
Mutual funds - equity securities	$367	$367	-	-
Mutual funds - debt securities	298	298	-	-
Money market mutual funds	47	47	-	-
Total	$712	$712	-	-