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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2014
Fair Value Measurements [Abstract]  
Summary of financial assets and liabilities measured at fair value on a recurring basis
 

Fair Value Measurements at Reporting Date Using
      Quoted  Prices   Significant    
      In Active   Other   Significant
      Markets for   Observable   Unobservable
      Identical  Assets   Inputs   Inputs
  Total    (Level 1)    (Level 2)    (Level 3)
As of June 30, 2014:            
Securities Available for Sale - Preferred stock $21,710,702   $21,710,702   $-0-   $-0-
Securities Available for Sale - Common stock 41,112,087   41,112,087   -0-   -0-
Interest Rate Swap (1) (101,582)   -0-   (101,582)   -0-
Total  $62,721,207   $62,822,789    $(101,582)   $-0-
               
As of December 31, 2013:              
Securities Available for Sale - Preferred stock $24,536,942   $24,536,942   $-0-   $-0-
Securities Available for Sale - Common stock 34,718,000   34,718,000   -0-   -0-
Interest Rate Swap (1) (39,840)   -0-   (39,840)   -0-
Total  $59,215,102    $59,254,942   $(39,840)   $-0-

 

(1) Included in Accrued Liability and Deposits