Quarterly report pursuant to Section 13 or 15(d)

MARKETABLE SECURITIES

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MARKETABLE SECURITIES
3 Months Ended
Mar. 31, 2019
Notes to Financial Statements  
NOTE F - MARKETABLE SECURITIES

Marketable securities as of March 31, 2019 and December 31, 2018 were composed of: 

 

March 31, 2019  
   

 

Cost

Basis

    Gross Unrealized Gains     Gross Unrealized Losses     Fair Value  
Certificates of deposit   $ 11,126,000     $     $     $ 11,126,000  
Short term bond funds     11,379,000       14,000             11,393,000  
Corporate bonds and notes     8,289,000       86,000       (57,000 )     8,318,000  
Total marketable securities   $ 30,794,000     $ 100,000     $ (57,000 )   $ 30,837,000  

 

December 31, 2018  
   

 

Cost

Basis

    Gross Unrealized Gains     Gross Unrealized Losses     Fair Value  
Certificates of deposit   $ 13,151,000     $     $     $ 13,151,000  
Short term bond funds     9,648,000             (8,000 )     9,640,000  
Corporate bonds and notes     8,518,000             (81,000 )     8,437,000  
Total marketable securities   $ 31,317,000           $ (89,000 )   $ 31,228,000  


 

The Company's marketable securities are measured at fair value and are accounted for in accordance with ASU 2016-01. Unrealized holding gains and losses on certificates of deposit and bond mutual funds are recorded in net realized and unrealized loss from investments on the consolidated statements of income and comprehensive income. Unrealized holding gains and losses, net of the related tax effect, on corporate bonds and notes are excluded from earnings and are reported as a separate component of stockholders' equity until realized. Dividend and interest income are recognized when earned.  Realized gains and losses are included in earnings and are derived using the specific identification method for determining the cost of the marketable securities.