General form of registration statement for all companies including face-amount certificate companies

DISCLOSURES ABOUT FAIR VALUE

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DISCLOSURES ABOUT FAIR VALUE
 9 Months Ended 12 Months Ended
Sep. 30, 2011
Dec. 31, 2010
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.
 
14.
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)
  
                         
December 31, 2010
                        
Assets:
                        
Available-for-sale securities
   $ 352,500     $ 101,500     $ 251,000     $ -  
                                 
December 31, 2009
                                
Assets:
                                
Available-for-sale securities
   $ 83,286     $ 83,286     $ -     $ -  
 
At December 31, 2010 and 2009, 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 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 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.  In 2009, the Company considered an equity method investment to be impaired and recognized an impairment loss of $50,000 in the consolidated statement of operations.  These impairments were determined using Level 3 inputs to determine the estimated fair value, which was determined to be less than the recorded amounts.
 
See Note 3 for further details of the Company's investments.