Securities

6 Months Ended

Jun. 30, 2011

Securities

Securities

Note 2 – SECURITIES

United States Treasury securities are classified as "held-to-maturity" securities and are carried at cost, adjusted for accrued interest and amortization of premium or discount.  The aggregate fair values listed in the table below are based on quoted prices in active markets for identical assets (Level 1).  Securities recognized as current assets will mature within one year of the respective period ending date stated below.  Securities recognized as noncurrent assets will mature one to three years from the respective period ending date stated below.  Following is an analysis of the securities as of the periods stated:

	Current				Noncurrent
	June 30, 2011		Dec. 31, 2010		June 30, 2011		Dec. 31, 2010
Aggregate fair value	$	4,037,216	$	5,017,250	$	5,121,373	$	3,014,093
Gross unrealized holding gains		-5,473		-13,938		-11,256		-3,358
Gross unrealized holding losses		—		—		630		4,732
Amortized cost basis		4,031,743		5,003,312		5,110,747		3,015,467
Accrued interest		7,374		9,960		19,353		10,457
Amounts shown on balance sheets	$	4,039,117	$	5,013,272	$	5,130,100	$	3,025,924