Note 4 - Investments

3 Months Ended

Mar. 31, 2018

Notes to Financial Statements

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

4. Investments

As of

March 31, 2018

and

December 31, 2017,

investments totaled

$375,000

and

$343,000

respectively, which consisted of equity securities.

The following provides information regarding the Company’s marketable securities as of

March 31, 2018

and

December 31, 2017:

	March 31,			December 31,
	2018			2017
Cost basis	$	543,000		$	543,000
Gains previously recognized on warrants		380,000			380,000
Loss included in accumulated other comprehensive loss or reclassifed to retained earnings on Jaunuary 1, 2018		(580,000	)		(580,000	)
Unrealized gain recognized in earings since January 1, 2018		32,000			-
Fair value	$	375,000		$	343,000

No

marketable securities were sold during the

three

months ended

March 31, 2018

and the year ended

December 31, 2017.

The unrealized gain of

$32,000

since

January 1, 2018

is recognized in the statement of income for the

three

months ended

March 31, 2018.

The unrealized loss of

$77,000

in the statement of comprehensive income is presented net of tax for the

three

months ended

March 31, 2018.

The tax benefit on the unrealized loss was

$30,000

for the

three

months ended

March 31, 2017.