Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2013

Valuation of Financial Instruments measured on a recurring basis by hierarchy levels as of June 30, 2013:

	Fair Value Measurement
	Level 1	Level 2	Level 3	Total
Stock securities	$5,779,399	$0	$0	$5,779,399
Short option securities	(639,789)	0	0	(639,789)
Short-term investments - CDs	249,970	0	0	249,970
Total	$5,389,581	$0	$0	$5,389,581

Valuation of Financial Instruments measured on a recurring basis by hierarchy levels as of December 31, 2012:

	Fair Value Measurement
	Level 1	Level 2	Level 3	Total
Stock securities	$3,529,590	$0	$0	$3,529,590
Short option securities	(507,656)	0	0	(507,656)
Short-term investments - CDs	249,970	0	0	249,970
Total	$3,271,904	$0	$0	$3,271,904

- Definition

Tabular disclosure of the amount of gains or losses for the period included in earnings or resulted in a change to net assets, have arisen from the use of significant unobservable inputs (level 3) to measure the fair value of assets, liabilities, and financial instruments classified in shareholders' equity.

+ References+ Details

BIGGEST LITTLE INVESTMENTS LP 10-Q