Note 4 – INVESTMENTS

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


March 31, 2013	Cost		Unrealized Gains		Unrealized Losses			Fair Value

Equities	$	769,743	$	126,498	$	(8,861	)	$	887,380
Preferred Securities		100,005		0		(405	)		99,600
Corporate Bonds		1,070,867		13,355		(8,859	)		1,075,363
Total	$	1,940,615	$	139,853	$	(18,125	)	$	2,062,343


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

December 31, 2012	Cost		Unrealized Gains		Unrealized Losses			Fair Value

Equities	$	639,974	$	90,875	$	(5,190	)	$	725,659
Corporate Bonds		1,135,064		16,212		(7,047	)		1,144,229
Total	$	1,775,038	$	107,087	$	(12,237	)	$	1,869,888

Proceeds from the sale of investments were $1,170,271 and $404,028 for the three months ended March 31, 2013 and 2012, respectively.

Gross gains of $66,218 and $22,349 and gross losses of $1,882 and $4,364 were realized on these sales during the three months ended March 31, 2013 and 2012, 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, 2013 and 2012 and at December 31, 2012:


	Less Than 12 Months					12 Months or Greater					Total
March 31, 2013	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses

Equities	$	138,409	$	(6,916	)	$	33,371	$	(1,945	)	$	171,780	$	(8,861	)
Preferred Securities		99,600		(405	)		0		0			99,600		(405	)
Corporate Bonds		519,549	$	(8,075	)		72,715		(784	)		592,264		(8,859	)
	$	757,558	$	(15,396	)	$	106,086	$	(2,729	)	$	863,644	$	(18,125	)


	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		0		0			3,073		( 105	)		3,073		( 105	)
Preferred Securities		0		0			59,300		( 5,152	)		59,300		( 5,152	)
Corporate Bonds		262,923		( 10,577	)		0		0			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
December 31, 2012	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses

Equities	$	63,620	$	( 3,745	)	$	21,910	$	( 1,445	)	$	85,530	$	( 5,190	)
Corporate Bonds		301,229		( 2,721	)		193,930		( 4,326	)		495,159		( 7,047	)
	$	364,849	$	( 6,466	)	$	215,840	$	( 5,771	)	$	580,689	$	( 12,237	)

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, 2013, there were ten equity securities, one option on equity securities, one preferred equity security, and eight 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, 2013.