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