Note 4 - Investments

9 Months Ended

Sep. 30, 2018

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

4.	Investments

As of

September 30, 2018

and

December 31, 2017,

investments totaled

$289,000

and

$343,000,

respectively, which consisted of equity securities.

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

September 30, 2018

and

December 31, 2017:

	September 30,			December 31,
	2018			2017
Cost basis	$	535,000		$	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		(43,000	)		-
Other adjustments		(3,000	)		-
Fair value	$	289,000		$	343,000

Certain marketable securities were sold during the

nine

months ended

September 30, 2018.

marketable securities were sold during the year ended

December 31, 2017.

Realized gains recognized from the sale of marketable securities during the

nine

months ended

September 30, 2018

were

$3,000,

which realized gains are reported in the Condensed Consolidated Statements of Income (Unaudited) for that period. The unrealized gain of

$22,000

since

July 1, 2018

is recognized in the statement of income for the

three

months ended

September 30, 2018.

The unrealized loss of

$208,000

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

three

months ended

September 30, 2017.

The tax benefit on the unrealized loss was

$105,000

for the

three

months ended

September 30, 2017.

The unrealized loss of

$43,000

since

January 1, 2018

is recognized in the Condensed Consolidated Statement of Income( Unaudited) for the

nine

months ended

September 30, 2018.

The unrealized loss of

$243,000

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

nine

months ended

September 30, 2017.

The tax benefit on the unrealized loss was

$113,000

for the

nine

months ended

September 30, 2017.