Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurement - Marketable Securities (Tables)

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Fair Value Measurement - Marketable Securities (Tables)
 6 Months Ended
Jun. 30, 2017
Investments, Debt and Equity Securities [Abstract]  
Schedule of Marketable Securities

This includes basing value on yields currently available on comparable securities of issuers with similar credit ratings.

 

    As of June 30, 2017  
    Cost     Accrued Income     Unrealized Gains     Unrealized Losses     Fair Value  
Level 2:                                        
Money market funds   $ 228     $ -     $ -     $ -     $ 228  
Municipal securities     1,009,356       1,030       1,009       -       1,011,395  
Total Level 2:     1,009,584       1,030       1,009       -       1,011,623  
                                         
Total:   $ 1,009,584     $ 1,030     $ 1,009     $ -     $ 1,011,623  

 

    As of December 31, 2016  
    Cost     Accrued Income     Unrealized Gains     Unrealized Losses     Fair Value  
Level 2:                                        
Money market funds   $ 29,657     $ 15     $ -     $ -     $ 29,672  
Municipal securities     20,314       15       -       -       20,329  
Total Level 2:     49,971       30       -       -       50,001  
                                         
Total:   $ 49,971     $ 30     $ -     $ -       50,001