Note 4 - Investments

6 Months Ended

Jun. 30, 2018

Notes to Financial Statements

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

4. Investments

As of

June 30, 2018

and

December 31, 2017,

investments totaled

$278,000

and

$343,000,

respectively, which consisted of equity securities.

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

June 30, 2018

and

December 31, 2017:

	June 30,			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 reclassified to retained earnings on Jaunuary 1, 2018		(580,000	)		(580,000	)
Unrealized loss recognized in earnings since January 1, 2018		(65,000	)		-
Fair value	$	278,000		$	343,000

No

marketable securities were sold during the

six

months ended

June 30, 2018

and the year ended

December 31, 2017.

The unrealized loss of

$97,000

since

April 1, 2018

is recognized in the statement of income for the

three

months ended

June 30, 2018.

The unrealized gain of

$43,000

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

three

months ended

June 30, 2017.

The tax benefit on the unrealized gain was

$22,000

for the

three

months ended

June 30, 2017.

The unrealized loss of

$65,000

since

January 1, 2018

is recognized in the statement of income for the

six

months ended

June 30, 2018.

The unrealized loss of

$35,000

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

six

months ended

June 30, 2017.

The tax benefit on the unrealized loss was

$8,000

for the

six

months ended

June 30, 2017.