Marketable Securities

9 Months Ended

Sep. 30, 2011

(NOTE 6) – Marketable Securities:

The following is a summary of the Company's available for sale marketable securities at September 30, 2011 and December 31, 2010:

September 30, 2011	Adjusted Cost		Fair Value		Unrealized Holding (Loss) Gain
Corporate Bonds	$	267,000	$	225,000	$	(42,000	)
U.S. Government Agency Bonds		1,000		1,000		-
Total	$	268,000	$	226,000	$	(42,000	)

December 31, 2010
Corporate Bonds	$	116,000	$	145,000		29,000
U.S. Government Agency Bonds		1,000		1,000		-
Total	$	117,000	$	146,000	$	29,000

- Definition

Tabular disclosure of investments in certain debt and equity securities (and certain other trading assets) which include all debt and equity securities (other than those equity securities accounted for under the equity or cost methods of accounting) with readily determinable fair values. Other trading assets include assets that are carried on the balance sheet at fair value and held for trading purposes. A debt security represents a creditor relationship with an enterprise that is in the form of a security. Debt securities include, among other items, US Treasury securities, US government securities, municipal securities, corporate bonds, convertible debt, commercial paper, and all securitized debt instruments. An equity security represents an ownership interest in an enterprise or the right to acquire or dispose of an ownership interest in an enterprise at fixed or determinable prices. Equity securities include, among other things, common stock, certain preferred stock, warrant rights, call options, and put options, but do not include convertible debt. An entity may opt to provide the reader with additional narrative text to better understand the nature of investments in debt and equity securities (and other trading assets).

+ References

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+ Details