Annual report pursuant to Section 13 and 15(d)

Marketable Securities

v2.4.0.8
Marketable Securities
 12 Months Ended
Dec. 31, 2013
Marketable Securities [Abstract]  
Marketable Securities

3.  Marketable Securities

 

 

Cost and fair value of the Company’s marketable securities are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost

 

Gross Unrealized

 

Fair

Securities available-for-sale

 

 

Basis

 

Gains/(Losses)

 

Value

   December 31, 2013:

 

 

 

 

 

 

 

State and municipal obligations

 

$
100,000 

$

 -

$
100,000 

 

 

 

 

 

 

 

 

    December 31, 2012:

 

 

 

 

 

 

 

State and municipal obligations

 

$
100,000 

$

 -

$
100,000 

 

Amortized cost and fair value at December 31, 2013 by contractual maturity are shown below.  Expected maturities will differ from contractual maturities because the Company may redeem certain securities at par. 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost

Fair

Maturity

 

Basis

Value

10 years or more

 

$
100,000 

$
100,000