Note 4 – INVESTMENTS

The cost and fair value of investments classified as available for sale are as follows:

March 31, 2012	Cost		Unrealized Gains		Unrealized Losses		Fair Value

Equities	$	525,657	$	77,348	$	(3,519)	$	599,486
Mutual Funds		56,840		959		(105)		57,694
Preferred Securities		189,452		10,950		(5,152)		195,250
Corporate Bonds		870,671		11,312		(10,577)		871,406

Total	$	1,642,620	$	100,569	$	(19,353)	$	1,723,836

March 31, 2011	Cost		Unrealized Gains		Unrealized Losses		Fair Value

Equities	$	261,472	$	6,227	$	(37,440)	$	230,259
Mutual Funds		103,346		1,902		(798)		104,450
Preferred Securities		203,514		---		(12,984)		190,530
Corporate Bonds		792,379		3,941		(7,177)		789,143
Total	$	1,360,711	$	12,070	$	(58,399)	$	1,314,382

December 31, 2011	Cost		Unrealized Gains		Unrealized Losses		Fair Value

Equities	$	682,569	$	55,244	$	(23,211)	$	714,602
Mutual Funds		64,563		3,275		(713)		67,125
Preferred Securities		64,452		---		(17,702)		46,750
Corporate Bonds		899,298		1,019		(33,750)		866,567
Total	$	1,710,882	$	59,538	$	(75,376)	$	1,695,044

Proceeds from the sale of investments were $400,268 and $234,388 for the three months ended March 31, 2012 and 2011, respectively.

Gross gains of $22,349 and $15,652 and gross losses of $4,364 and $18,249 were realized on these sales during the three months ended March 31, 2012 and 2011 respectively.

The following table shows the gross unrealized losses and fair value of the Company's investments with unrealized losses that are not deemed to be other-than-temporarily impaired, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at March 31, 2012 and 2011 December 31, 2011:

	Less Than 12 Months				12 Months or Greater				Total
March 31, 2012	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses

Equities	$	20,346	$	(1,535)	$	3,184	$	(1,984)	$	23,530	$	(3,519)
Mutual Funds		---		---		3,073		(105)		3,073		(105)
Preferred Securities		---		---		59,300		(5,152)		59,300		(5,152)
Corporate Bonds		262,923		(10,577)		---		---		262,923		(10,577)
	$	283,269	$	(12,112)	$	65,557	$	(7,241)	$	348,826	$	(19,353)

	Less Than 12 Months				12 Months or Greater				Total
March 31, 2011	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses

Equities	$	163,063	$	(7,801)	$	25,270	$	(29,639)	$	188,333	$	(37,440)
Mutual Funds		20,124		(680)		5,824		(118)		25,948		(798)
Preferred Securities		---		---		190,530		(12,984)		190,530		(12,984)
Corporate Bonds		409,750		(7,177)		---		---		409,750		(7,177)
	$	592,937	$	(15,658)	$	221,624	$	(42,741)	$	814,561	$	(58,399)

	Less Than 12 Months				12 Months or Greater				Total
December 31, 2011	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses

Equities	$	176,966	$	(23,211)		—		—	$	176,966	$	(23,211)
Mutual Funds		—		—		10,585		(713)		10,585		(713)
Preferred Securities		—		—		46,750		(17,702)		46,750		(17,702)
Corporate Bonds		626,292		(24,000)		90,250		(9,750)		716,542		(33,750)
	$	803,258	$	(47,211)	$	147,585	$	(28,165)	$	950,843	$	(75,376)

Equities, Mutual Funds, Preferred Securities, and Corporate Bonds - The Company's investments in equity securities, mutual funds, preferred securities, and corporate bonds consist of investments in common stock, preferred stock and debt securities of companies in various industries. As of March 31, 2012, there were six equity securities, two mutual fund securities, one preferred security, and four corporate bond securities that had unrealized losses. The Company evaluated the near-term prospects of the issuer in relation to the severity and duration of the impairment. Based on that evaluation and the Company's ability and intent to hold these investments for a reasonable period of time sufficient for a forecasted recovery of fair value, the Company did not consider any material investments to be other-than-temporarily impaired at March 31, 2012.