Note 3 - Marketable Securities

9 Months Ended

Sep. 30, 2014

Disclosure Text Block Supplement [Abstract]

Cash, Cash Equivalents, and Marketable Securities [Text Block]

3. Marketable Securities

	September 30, 2014
	Amortized Cost		Unrealized Gains, Net of Tax		Unrealized Losses, Net of Tax			Fair Value
United States Treasury securities	$	14,999,169	$	699	$	(268	)	$	14,999,600
Bank certificates of deposit		5,000,000		-		-			5,000,000
	$	19,999,169	$	699	$	(268	)	$	19,999,600

The Company considers securities with maturities of three months or less from the purchase date to be cash equivalents. Interest is recorded when earned. All of the Company’s investments are classified as available-for-sale and are carried at fair value with unrealized gains and losses recorded as a component of accumulated other comprehensive income, net of related income taxes.