Quarterly report pursuant to Section 13 or 15(d)

Significant accounting policies (Tables)

v3.8.0.1
Significant accounting policies (Tables)
9 Months Ended
Sep. 30, 2017
Accounting Policies [Abstract]  
Schedule of Trading Securities
The composition of trading securities is as follows at December 31, 2016:
 
 
 
December 31, 2016
 
 
 
Cost
   
Fair Value
 
Certificates of deposit / commercial paper
 
$
2,378,222
   
$
2,373,891
 
 
               
Corporate bonds
   
5,138,182
     
5,132,870
 
 
               
Total trading securities
 
$
7,516,404
   
$
7,506,761
 
 
               
Schedule of Investment Income
Investment income for the nine months ended September 30, 2017 and 2016 consists of the following:

 
 
2017
   
2016
 
Interest income
 
$
84,177
   
$
101,236
 
 
               
Realized (losses)
   
(21
)
   
(2,893
)
 
               
Unrealized gains
   
11,575
     
21,501
 
 
               
Management fee expenses
   
(12,484
)
   
(16,813
)
 
               
 Net investment income
 
$
83,247
   
$
103,031