Marketable Securities - Restricted

9 Months Ended

Sep. 30, 2011

Note 6: Marketable Securities - Restricted

A Margin Account was established on July 26, 2011 for which the Company needs to pledge, restrict from sale and segregate marketable securities at an approximate ratio of two to one to serve as collateral for those funds withdrawn and outstanding (see Note 10: Margin Account Loan).

These restricted marketable securities consist of fixed income securities with remaining maturities of greater than three months at the date of purchase, debt securities and equity securities. As of September 30, 2011, it was determined that none of the Marketable Securities had other than temporary impairments. At September 30, 2011, all restricted securities were classified as restricted from sale investments and $3,142,000 was measured as level 2 instruments of the fair value measurements standard (see Note 12: Fair Value).

Securities classified as restricted from sale consisted of:

September 30, 2011

(in thousands)

Securities	Cost		Unrealized Gains		Unrealized Losses			Recorded Value		Short-Term Investments		Long Term Investments
Corporate Bonds	$	3,219	$	0	$	(77	)	$	3,142	$	1,035	$	2,107

Totals	$	3,219	$	0	$	(77	)	$	3,142	$	1,035	$	2,107

There were no restricted marketable securities as of December 31, 2010.

Unrealized losses on investments restricted from sale

Investments restricted from sale with continuous unrealized losses for less than 12 months and 12 months or greater and their related fair values were as follows:

September 30, 2011

(in thousands)

	Less Than 12 Months					12 Months or Greater					Totals
Securities	Fair Values		Unrealized Losses			Fair Values		Unrealized Losses			Total Fair Value		Total Unrealized Losses
Corporate Bonds	$	2,107	$	(46	)	$	1,035	$	(31	)	$	3,142	$	(77	)

Totals	$	2,107	$	(46	)	$	1,035	$	(31	)	$	3,142	$	(77	)

Unrealized losses from fixed-income securities are primarily attributable to changes in interest rates and/or a reduction in their rating of credit worthiness as deemed by independent financial rating services. Unrealized losses from domestic and international equities are due to market price movements. Management does not believe any remaining losses represent other than temporary impairment based on our evaluation of available evidence as of September 30, 2011.