Quarterly report pursuant to Section 13 or 15(d)

FINANCIAL INSTRUMENTS AND INVESTMENTS (Tables)

v3.8.0.1
FINANCIAL INSTRUMENTS AND INVESTMENTS (Tables)
9 Months Ended
Sep. 30, 2017
Fair Value Disclosures [Abstract]  
Available-for-sale Securities
The following tables show the adjusted cost, unrealized losses and fair value of the Company's money market funds and investments held as of September 30, 2017 and December 31, 2016:



September 30, 2017


Adjusted Cost

Gross Unrealized Losses

Fair Value

Cash and Cash Equivalents

Short Term Investments

Long Term Investments
Level 1












Money Market Funds

$
336,372


$


$
336,372


$
336,372


$


$

Mutual Funds

1,626,236


(35,246
)

1,590,990






1,590,990

Subtotal

1,962,608


(35,246
)

1,927,362


336,372




1,590,990




















Level 2


















Certificates of Deposit

$
3,010,000


$


$
3,010,000


$


$
3,010,000


$

Corporate Bonds

2,384,269


(18,896
)

2,365,373




454,252


1,911,121

Municipal Bonds

4,705,311


(8,503
)

4,696,808




400,071


4,296,737

Subtotal

10,099,580


(27,399
)

10,072,181




3,864,323


6,207,858




















Total

$
12,062,188


$
(62,645
)

$
11,999,543


$
336,372


$
3,864,323


$
7,798,848




December 31, 2016


Adjusted Cost

Gross Unrealized Losses

Fair Value

Cash and Cash Equivalents

Short Term Investments

Long Term Investments
Level 1












Money Market Funds

$
1,053,844


$


$
1,053,844


$
1,053,844


$


$

Mutual Funds

1,473,536


(90,495
)

1,383,041






1,383,041

Subtotal

2,527,380


(90,495
)

2,436,885


1,053,844




1,383,041




















Level 2


















Certificates of Deposit

$
2,250,000


$


$
2,250,000


$


$
2,250,000


$

Corporate Bonds

2,246,956


(29,419
)

2,217,537




400,053


1,817,484

Municipal Bonds

4,929,249


(59,294
)

4,869,955




2,565,483


2,304,472

Subtotal

9,426,205


(88,713
)

9,337,492




5,215,536


4,121,956




















Total

$
11,953,585


$
(179,208
)

$
11,774,377


$
1,053,844


$
5,215,536


$
5,504,997