Short-Term Investments and Marketable Securities (Tables)
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12 Months Ended |
Nov. 30, 2013
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Investments [Abstract] |
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Schedule of Cost and Market Values of Investments |
The cost and market values of the investments at November 30, 2013 and November 30, 2012 were as follows:
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November 30, 2013 |
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November 30, 2012 |
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COST |
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MARKET |
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COST |
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MARKET |
Current: |
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Corporate obligations |
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$ |
— |
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$ |
— |
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$ |
1,004,490 |
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$ |
995,827 |
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Limited partnership |
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223,373 |
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354,050 |
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223,373 |
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|
292,680 |
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Common stock |
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600,046 |
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758,390 |
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|
600,046 |
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|
595,626 |
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Fixed Income |
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— |
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— |
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400,000 |
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399,639 |
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Total Current |
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$ |
823,419 |
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$ |
1,112,440 |
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$ |
2,227,909 |
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$ |
2,283,772 |
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Cost and Market Values of Investments |
The cost and market values of the investments at November 30, 2013 were as follows:
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Name of Issuer and Title of Each Issue |
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Number of Units |
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Cost of Each Issue |
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Market Value of Each Issue at Balance Sheet Date |
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Amount at Which Each Portfolio of Equity Security Issue and Each Other Security Issue Carried in Balance Sheet |
Limited Partnerships: |
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Energy Transfer Partners |
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1,000 |
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50,695 |
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54,160 |
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54,160 |
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Enterprise Prods Partners |
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500 |
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21,190 |
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31,485 |
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31,485 |
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Kinder Morgan Energy |
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500 |
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34,762 |
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40,985 |
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40,985 |
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Magellan Midstream Partners |
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1,000 |
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53,113 |
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124,280 |
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124,280 |
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Plains All Amern Pipeline |
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1,000 |
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63,613 |
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103,140 |
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103,140 |
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223,373 |
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354,050 |
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354,050 |
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Common Stock: |
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S&P 500 ETF Trust |
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4,190 |
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600,046 |
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758,390 |
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758,390 |
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600,046 |
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758,390 |
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758,390 |
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TOTALS |
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823,419 |
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1,112,440 |
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1,112,440 |
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Schedule of fair value of securities |
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November 30, |
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Quoted Market Price in Active Markets |
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Significant Other Observable Inputs |
Description |
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2013 |
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(Level 1) |
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(Level 2) |
Limited partnership |
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354,050 |
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354,050 |
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— |
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Common stock |
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758,390 |
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758,390 |
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— |
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Total |
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$ |
1,112,440 |
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$ |
1,112,440 |
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$ |
— |
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November 30, |
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Quoted Market Price in Active Markets |
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Significant Other Observable Inputs |
Description |
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2012 |
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(Level 1) |
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(Level 2) |
Corporate obligations |
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$ |
995,827 |
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$ |
— |
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$ |
995,827 |
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Limited partnership |
|
292,680 |
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|
292,680 |
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— |
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Common stock |
|
595,626 |
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|
595,626 |
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— |
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Fixed income |
|
399,639 |
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|
399,639 |
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— |
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Total |
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$ |
2,283,772 |
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$ |
1,287,945 |
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$ |
995,827 |
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