Investments

6 Months Ended

Jun. 30, 2016

Notes to Financial Statements

Note 4 - Investments

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

June 30, 2016	Cost		Unrealized Gains		Unrealized Losses			Fair Value
Common stocks & ETF's	$	654	$	59	$	(66	)	$	647
Mutual Funds		18		1		—			19
Preferred Securities		97		9		—			106
Corporate Bonds		991		39		(39	)		991
Total	$	1,760	$	108	$	(105	)	$	1,763

December 31, 2015	Cost		Unrealized Gains		Unrealized Losses			Fair Value
Common stocks & ETF's	$	690	$	17	$	(94	)	$	613
Mutual Funds		27		—		(1	)		26
Preferred Securities		98		6		—			104
Corporate Bonds		1,518		43		(88	)		1,473
Total	$	2,333	$	66	$	(183	)	$	2,216

Gross gains of $65 and $50 and gross losses of $92 and $72 were realized on these sales during the six months ended June 30, 2016 and 2015, respectively.  Gross gains of $63 and $44 and gross losses of $78 and $61 were realized on these sales during the three months ended June 30, 2016 and 2015 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 June 30, 2016 and December 31, 2015:

	Less Than 12 Months					12 Months or Greater					Total
June 30, 2016	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
Common stocks & ETF's	$	51	$	(6	)	$	274	$	(60	)	$	325	$	(66	)
Mutual Funds		—		—			—		—			—		—
Preferred Securities		—		—			—		—			—		—
Corporate Bonds		249		(1	)		380		(38	)		629		(39	)
	$	300	$	(7	)	$	654	$	(98	)	$	954	$	(105	)

	Less Than 12 Months					12 Months or Greater					Total
December 31, 2015	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
Common stocks & ETF's	$	225	$	(72	)	$	152	$	(22	)	$	377	$	(94	)
Mutual Funds		26		(1	)		—		—			26		(1	)
Preferred Securities		—		—			—		—			—		—
Corporate Bonds		370		(32	)		479		(56	)		849		(88	)
	$	621	$	(105	)	$	631	$	(78	)	$	1,252	$	(183	)

The Company's investments in equity securities, mutual funds, preferred securities, and corporate bonds consist of investments in common stock, preferred stock, structured notes and other debt securities of companies in various industries. The Company recorded other-than-temporary impairment losses related to certain structured notes of $0 and $180 during the six months ended June 30, 2016 and 2015 respectively.  The structured notes allow the issuer to settle at an amount less than par in certain circumstances. In reaching a conclusion to record these other-than-temporary impairment losses, the Company evaluated the near-term prospects of the issuers and determined it was probable the issuers would have the ability to settle the bonds for an amount less than par value at maturity.