Quarterly report pursuant to Section 13 or 15(d)

DISCLOSURES ABOUT FAIR VALUE

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DISCLOSURES ABOUT FAIR VALUE
9 Months Ended
Sep. 30, 2011
Fair Value Disclosures [Abstract]  
Fair Value Disclosures [Text Block]
NOTE 8:
DISCLOSURES ABOUT FAIR VALUE
 
Assets and liabilities measured at fair value on a recurring basis are summarized in the following tables according to FASB ASC 820 pricing levels.
 
   
Fair Value Measurement Using
 
         
Quoted prices
             
         
in active
   
Significant
       
         
markets of
   
other
   
Significant
 
         
identical
   
observable
   
Unobservable
 
   
Recorded
   
assets
   
inputs
   
Inputs
 
   
value
   
(Level 1)
   
(Level 2)
   
(Level 3)
 
                         
September 30, 2011
                       
Assets:
                       
Available-for-sale securities
  $ 105,618     $ 105,618     $ -     $ -  
                                 
December 31, 2010
                               
Assets:
                               
Available-for-sale securities
  $ 352,500     $ 101,500     $ 251,000     $ -  
 
At September 30, 2011 and December 31, 2010, the Company's available-for-sale equity securities were valued using Level 1 and Level 2 inputs as summarized above.  Level 1 inputs are based on unadjusted prices for identical assets in active markets that the Company can access.  Level 2 inputs are based on quoted prices for similar assets other than quoted prices in Level 1, quoted prices in markets that are not yet active, or other inputs that are observable or can be derived principally from or corroborated by observable market data for substantially the full term of the assets.  The Company recorded an other than temporary decline in available-for-sale securities in the amount of $147,973 at September 30, 2011.
 
The Company does not have any investments that are measured on a recurring basis using Level 3 inputs.
 
Certain assets are not carried at fair value on a recurring basis, including investment accounted for under the equity and cost methods.  Accordingly, such investments are only included in the fair value hierarchy disclosure when the investment is subject to re-measurement at fair value after initial recognition and the resulting re-measurement is reflected in the consolidated financial statements.
 
In the fourth quarter of 2010, the Company considered a cost basis investment to be impaired and recognized an impairment loss of $250,000 in the consolidated statement of operations.  This impairment was determined using Level 3 inputs to determine the estimated fair value, which was determined to be less than the recorded amounts.
 
See Note 2 for further details of the Company's investments.