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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2015
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 March 31, 2015:              
Securities Available for Sale - Preferred stock $18,466,750   $18,466,750   $-0-   $-0-
Securities Available for Sale - Common stock 49,451,233   49,451,233   -0-   -0-
Interest Rate Swap (1) (128,766)   -0-   (128,766)   -0-
Total  $67,789,217   $67,917,983   $ (128,766)   $-0-
               
As of December 31, 2014:              
Securities Available for Sale - Preferred stock $19,045,983   $19,045,983   $-0-   $-0-
Securities Available for Sale - Common stock 44,509,978   44,509,978   -0-   -0-
Interest Rate Swap (1) (39,685)   -0-   (39,685)   -0-
Total  $63,516,276    $63,555,961   $(39,685)   $-0-

 

 

 

(1) Included in accrued liabilities and deposits