Quarterly report pursuant to Section 13 or 15(d)

Investments (Tables)

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Investments (Tables)
6 Months Ended
Jun. 30, 2017
Investments, Debt and Equity Securities [Abstract]  
Schedule of Fair Value of Available for Sale Securities Excluding Mutual Funds

The following table summarizes the estimated fair value of investment in debt securities designated as available for sale classified by the contractual maturity date of the security as of June 30, 2017:

 

    Fair Value  
       
Due within one year   $ 20,000  
Due one year through three years     1,384,000  
Due after three years     155,000  
         
    $ 1,559,000  

Schedule of Available-for-sale Securities Reconciliation

The cost, gross unrealized gains (losses) and fair value of available for sale securities by major security types as of December 31, 2016 and June 30, 2017 are as follows:

 

          Unrealized     Unrealized     Fair  
June 30, 2017 (Unaudited)   Cost     Gain     Loss     Value  
Investments - short term                                
Available for sale                                
Corporate bonds and commercial paper   $ 20,000     $ -       -     $ 20,000  
                                 
Total investments - short term     20,000       -       -       20,000  
                                 
Investments - long term                                
Available for sale                                
U.S. Treasury Notes     1,064,000       -       (4,000 )     1,060,000  
Government agency bonds     100,000       -       (1,000 )     99,000  
Corporate bonds and commercial paper     382,000       -       (2,000 )     380,000  
                                 
Total investments - long term     1,546,000       -       (7,000 )     1,539,000  
                                 
Total investments   $ 1,566,000     $ -     $ (7,000 )   $ 1,559,000  

 

          Unrealized     Unrealized     Fair  
December 31, 2016   Cost     Gain     Loss     Value  
Investments - short term                                
Available for sale                                
U.S. Treasury Notes   $ 40,000       -       -     $ 40,000  
Government agency bonds     50,000       -       -       50,000  
Corporate bonds and commercial paper     25,000       -       -       25,000  
Total investments - short term     115,000       -       -       115,000  
                                 
Investments - long term                                
Available for sale                                
U.S. Treasury Notes     1,027,000       -       (7,000 )     1,020,000  
Government agency bonds     100,000       -       (1,000 )     99,000  
Corporate bonds and commercial paper     383,000       -       (3,000 )     380,000  
                                 
Total investments - long term     1,510,000       -       (11,000 )     1,499,000  
                                 
Total investments   $ 1,625,000     $ -     $ (11,000 )   $ 1,614,000