Quarterly report pursuant to Section 13 or 15(d)

SHORT-TERM INVESTMENTS

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SHORT-TERM INVESTMENTS
6 Months Ended
Jun. 30, 2011
SHORT [Abstract]  
SHORT-TERM INVESTMENTS
NOTE 3     SHORT-TERM INVESTMENTS
 
All United States Treasuries that are included in short-term investments are considered available-for-sale and are carried at fair value.  The short-term investments are considered current assets due to their maturity term or the Company's ability and intent to use them to fund current operations.  The unrealized gains and losses related to these securities are included in Accumulated Other Comprehensive Income (Loss).  The realized gains and losses related to these securities are included in Other Income (Expense) in the condensed statements of operations.  For the six months ended June 30, 2011, the Company realized gains of $215,092 on the sale of short-term investments. For the six months ended June 30, 2010, the Company realized losses of $197,556 on the sale of short-term investments.
 
The Company has no short-term investments as of June 30, 2011.
 
The following is a summary of the Company's short-term investments as of December 31, 2010:
 
               
Fair Market
 
   
Cost at
         
Value at
 
   
December 31,
   
Unrealized
   
December 31,
 
   
2010
   
(Loss)
   
2010
 
United States Treasuries
  $ 40,009,546     $ (282,846 )   $ 39,726,700