| Schedule of Marketable Securities |
This includes basing value
on yields currently available on comparable securities of issuers with similar credit ratings.
| |
|
As of March 31, 2018 |
|
| |
|
|
|
|
Accrued |
|
|
Unrealized |
|
|
Unrealized |
|
|
Fair |
|
| |
|
Cost |
|
|
Income |
|
|
Gains |
|
|
Losses |
|
|
Value |
|
| Level 2: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Money market funds |
|
$ |
26 |
|
|
$ |
5 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
31 |
|
| Municipal securities |
|
|
8,680,430 |
|
|
|
15,392 |
|
|
|
- |
|
|
|
(16,843 |
) |
|
|
8,678,979 |
|
| Total Level 2: |
|
|
8,680,456 |
|
|
|
15,397 |
|
|
|
- |
|
|
|
(16,843 |
) |
|
|
8,679,010 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total: |
|
$ |
8,680,456 |
|
|
$ |
15,397 |
|
|
$ |
- |
|
|
$ |
(16,843 |
) |
|
$ |
8,679,010 |
|
| |
|
As of December 31, 2017 |
|
| |
|
|
|
|
Accrued |
|
|
Unrealized |
|
|
Unrealized |
|
|
Fair |
|
| |
|
Cost |
|
|
Income |
|
|
Gains |
|
|
Losses |
|
|
Value |
|
| Level 2: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Money market funds |
|
$ |
5,165 |
|
|
$ |
161 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
5,326 |
|
| Municipal securities |
|
|
5,005,000 |
|
|
|
1,281 |
|
|
|
- |
|
|
|
- |
|
|
|
5,006,281 |
|
| Total Level 2: |
|
|
5,010,165 |
|
|
|
1,442 |
|
|
|
- |
|
|
|
- |
|
|
|
5,011,607 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total: |
|
$ |
5,010,165 |
|
|
$ |
1,442 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
5,011,607 |
|
|