The following table shows the Company’s available-for-sale securities cost, accrued income, gross unrealized gains, gross unrealized losses and fair value by significant investment category recorded as marketable securities as of September 30, 2014. The Company had no marketable securities as of December 31, 2013.

 

		2014
					Accrued			Unrealized			Unrealized			Fair
		Cost			Income			Gains			Losses			Value
Level 1:
Money market funds		$	15,301		$	3		$	-		$	-		$	15,303
Mutual funds			498,425			1,401			117			-			499,944
US agency securities			597,699			1,438						(828)			598,309
Certificates of deposits			3,430,000			3,440			-			(5,934)			3,427,506
Corporate securities			1,528,308			2,800			-			(8,111)			1,522,996
Municipal securities			4,136,877			2,854			3,202			-			4,142,933
Total Level 1:			10,206,610			11,935			3,320			(14,873)			10,206,992
Total:		$	10,206,610		$	11,935		$	3,320		$	(14,873)		$	10,206,992

 

During the three and nine months ended September 30, 2014 the net realized gains recognized by the Company were not significant. The maturities of the Company’s long-term marketable securities generally range from one to three years.