Note 4 – INVESTMENTS

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


March 31, 2014	Cost		Unrealized Gains		Unrealized Losses			Fair Value
Equities	$	1,046,460	$	79,651	$	(39,251	)	$	1,086,860
Mutual Funds		93,313		2,561		0			95,874
Preferred Securities		654,150		23,966		(665	)		677,451
Corporate Bonds		970,138		2,432		(41,820	)		930,750
Total	$	2,764,061	$	108,610	$	(81,736	)	$	2,790,935


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
December 31, 2013	Cost		Unrealized Gains		Unrealized Losses			Fair Value
Equities	$	1,006,169	$	98,213	$	(32,181	)	$	1,072,201
Mutual Funds		54,847		1,994		0			56,841
Preferred Securities		464,585		12,960		(15,449	)		462,096
Corporate Bonds		973,333		1,329		(49,420	)		925,242
Total	$	2,498,934	$	114,496	$	(97,050	)	$	2,516,380

Proceeds from the sale of investments were $554,609 and $1,170,271for the three months ended March 31, 2014 and 2013, respectively.

Gross gains of $19,651 and $66,218 and gross losses of $14,843 and $1,882 were realized on these sales during the three months ended March 31, 2014 and 2013, 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, 2014 and 2013 and at December 31, 2013:


	Less Than 12 Months					12 Months or Greater					Total
March 31, 2014	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
Equities	$	302,296	$	(36,839	)	$	21,518	$	(2,411	)	$	323,814	$	(39,250	)
Mutual Funds		0		0			0		0			0		0
Preferred Securities		82,050		(665	)		0		0			82,050		(665	)
Corporate Bonds		584,294		(32,202	)		204,707		(9,618	)		789,001		(41,820	)
	$	968,640	$	(69,706	)	$	226,225	$	(12,029	)	$	1,194,865	$	(81,735	)


	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
December 31, 2013	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
Equities	$	213,222	$	(32,180	)	$	0	$	0		$	213,222	$	(32,180	)
Mutual Funds		0		0			0		0			0		0
Preferred Securities		224,125		(15,449	)		0		0			224,125		(15,449	)
Corporate Bonds		615,986		(42,827	)		96,726		(6,593	)		712,712		(49,420	)
	$	1,053,333	$	(90,456	)	$	96,726	$	(6,593	)	$	1,150,059	$	(97,049	)

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, 2014, there were three corporate bond securities that had unrealized losses greater than twelve months. 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, 2014.