Note 4 – INVESTMENTS

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


September 30, 2012	Cost		Unrealized Gains		Unrealized Losses			Fair Value

Equities	$	698,444	$	128,530	$	( 11,971	)	$	815,003
Corporate Bonds		1,178,762		41,825		( 2,991	)		1,217,596
Total	$	1,877,206	$	170,355	$	( 14,962	)	$	2,032,599


September 30, 2011	Cost		Unrealized Gains		Unrealized Losses			Fair Value

Equities	$	681,162	$	6,386	$	( 88,910	)	$	598,638
Mutual Funds		3,588		40		( 794	)		2,834
Preferred Securities		114,452		0		( 18,154	)		96,298
Corporate Bonds		556,141		0		( 40,011	)		516,130
Government Agency Obligations		601,092		0		( 648	)		600,444
Total	$	1,956,435	$	6,426	$	( 148,517	)	$	1,814,344


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		0		( 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 $802,026 and $990,397 for the nine months ended September 30, 2012 and 2011, respectively.

Gross gains of $43,367 and $27,291 and gross losses of $16,952 and $62,824 were realized on these sales during the nine months ended September 30, 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 September 30, 2012 and 2011 December 31, 2011:


	Less Than 12 Months					12 Months or Greater					Total
September 30, 2012	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses

Equities	$	19,437	$	( 10,998	)	$	22,669	$	( 973	)	$	42,106	$	( 11,971	)
Corporate Bonds		81,472		( 490	)		149,626		( 2,501	)		231,098		( 2,991	)
	$	100,909	$	( 11,488	)	$	172,295	$	( 3,474	)	$	273,204	$	( 14,962	)


	Less Than 12 Months					12 Months or Greater					Total
September 30, 2011	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses

Equities	$	386,005	$	( 52,770	)	$	33,294	$	( 36,140	)	$	419,299	$	( 88,910	)
Mutual Funds		238		( 41	)		2,432		( 753	)		2,670		( 794	)
Preferred Securities		0		0			96,298		( 18,154	)		96,298		( 18,154	)
Corporate Bonds		380,326		( 26,810	)		135,805		( 13,201	)		516,131		( 40,011	)
Government Agency Obligations		600,444		( 648	)		0		0			600,444		( 648	)
	$	1,367,013	$	( 80,269	)	$	267,829	$	( 68,248	)	$	1,634,842	$	( 148,517	)


	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	)	$	0	$	0		$	176,966	$	( 23,211	)
Mutual Funds		0		0			10,585		( 713	)		10,585		( 713	)
Preferred Securities		0		0			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 September 30, 2012, there were two equity securities 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 September 30, 2012.