Note 4 - Investments

9 Months Ended

Sep. 30, 2016

Notes to Financial Statements

Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]

4. Investments

As of September 30, 2016 and December 31, 2015, investments totaled $617,000 and $656,000 respectively, which consisted of marketable securities.

The following provides information regarding the Company’s marketable securities as of September 30, 2016 and December 31, 2015:

	September 30,				December 31
	2016				2015
Cost basis	$	543,000		$	502,000
Gains previously recognized on warrants		380,000			380,000
Gross loss included in accumulated other comprehensive income (loss)		(306,000	)		(226,000	)
Fair value	$	617,000		$	656,000

No marketable securities were sold during the nine months ended September 30, 2016 and the year ended December 31, 2015. The change in unrealized gain of $28,000 and unrealized loss of $452,000 for the three months ended September 30, 2016 and 2015, respectively, in the statements of comprehensive income (loss) are presented net of tax for the quarters ended September 30, 2016 and 2015, respectively. The tax expense on the unrealized gain was $15,000, and the tax benefit on the unrealized loss was $238,000 for the quarters ended September 30, 2016 and 2015, respectively. The change in unrealized loss of $50,000 and $1,321,000 for the nine months ended September 30, 2016 and 2015, respectively, in the statements of comprehensive income (loss) are presented net of tax for the nine months ended September 30, 2016 and 2015. The tax benefit on the unrealized loss was $31,000 and $728,000 for the nine months ended September 30, 2016 and 2015, respectively.