Quarterly report pursuant to Section 13 or 15(d)

Marketable Securities (Tables)

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Marketable Securities (Tables)
 3 Months Ended
Mar. 31, 2015
Investments, Debt and Equity Securities [Abstract]  
Schedule of Marketable Securities

U.S. Agency Securities, Corporate and Municipal Securities and Certificates of Deposits: Valued using pricing models maximizing the use of observable inputs for similar securities. This includes basing value on yields currently available on comparable securities of issuers with similar credit ratings.

 

    2015  
          Accrued     Unrealized     Unrealized     Fair  
    Cost     Income     Gains     Losses     Value  
Level 2:                              
Money market funds   $ 11,012     $ 0     $ -     $ -     $ 11,012  
US agency securities     297,699       960       1,125       -       299,784  
Certificates of deposits     2,940,000       4,654       7,847       -       2,952,501  
Corporate securities     1,528,308       2,708       785       -       1,531,801  
Municipal securities     3,263,385       2,995       -       (3,168 )     3,263,212  
Total Level 2:     8,040,404       11,317       9,757       (3,168 )     8,058,310  
                                         
Total:   $ 8,040,404     $ 11,317     $ 9,757     $ (3,168 )   $ 8,058,310  


Schedule of Available Sale Securities Maturity

As of March 31, 2015, investments in U.S. agency securities, corporate securities and municipal securities classified as available for sale mature as follows:

 

Within                 After  
1 Year     1 - 5 Years     5 - 10 Years     10 Years  
                             
$ 3,123,251     $ 4,835,032     $ -     $ 100,027