Fair Value

9 Months Ended

Sep. 30, 2011

(11) Fair Value

The following table presents the Company’s fair value hierarchy for those assets measured at fair value on a recurring basis as of September 30, 2011:

	Level 1		Level 2		Level 3		Total

Cash and cash equivalents	$	864,889	$	-	$	-	$	864,889
Clearing deposit		181,184		-		-		181,184
Securities inventory		-		754,266		-		754,266
Total	$	1,046,073	$	754,266	$	-	$	1,800,339

The following table presents the Company’s fair value hierarchy for those assets measured at fair value on a recurring basis as of December 31, 2010:

	Level 1		Level 2		Level 3		Total

Cash and cash equivalents	$	968,716	$	-	$	-	$	968,716
Clearing deposit		161,182		-		-		161,182
Securities inventory		-		1,116,222		-		1,116,222
Total	$	1,129,898	$	1,116,222	$	-	$	2,246,120

There were no transfers between levels from December 31, 2010 to September 30, 2011.

The method described above may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, while the Company believes its valuation method was appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date.

- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References+ Details

WOODSTOCK HOLDINGS INC. 10-Q