Marketable Securities	3 Months Ended
Mar. 31, 2012
Notes to Financial Statements
Marketable Securities	NOTE 7 – MARKETABLE SECURITIES Marketable securities –trading securities held by Pershing at March 31, 2012 and December 31, 2011 amounted to $0 and $100,000, respectively. Trading securities were carried at fair value, with changes in unrealized holding gains and losses had been included in income and classified within interest and other income, net, in the accompanying consolidated statements of operations. In January 2012, the Company’s former subsidiary, Pershing, received 10 million restricted shares pursuant to an option agreement (see Note 15). At the time of issuance, Pershing recorded the cost of investment in marketable securities, available for sale at the fair market value (based on the recent selling price of the Investee’s common stock at a private placement) of the shares at $0.50 per share or $5 million. Unrealized gains or losses on marketable securities available for sale were recognized on a periodic basis as an element of comprehensive income based on changes in the fair value of the security. Once liquidated, realized gains or losses on the sale of marketable securities available for sale will be reflected in the Company’s net loss for the period in which the security are liquidated. Effective February 9, 2012, such marketable securities held by our former subsidiary, Pershing, were deconsolidated as a result of the reduction of the Company’s ownership interest below 50% and the Company no longer has a controlling financial interest in Pershing (see Note 4).

Marketable Securities

3 Months Ended

Mar. 31, 2012

NOTE 7 – MARKETABLE SECURITIES

Marketable securities –trading securities held by Pershing at March 31, 2012 and December 31, 2011 amounted to $0 and $100,000, respectively. Trading securities were carried at fair value, with changes in unrealized holding gains and losses had been included in income and classified within interest and other income, net, in the accompanying consolidated statements of operations.

In January 2012, the Company’s former subsidiary, Pershing, received 10 million restricted shares pursuant to an option agreement (see Note 15). At the time of issuance, Pershing recorded the cost of investment in marketable securities, available for sale at the fair market value (based on the recent selling price of the Investee’s common stock at a private placement) of the shares at $0.50 per share or $5 million. Unrealized gains or losses on marketable securities available for sale were recognized on a periodic basis as an element of comprehensive income based on changes in the fair value of the security. Once liquidated, realized gains or losses on the sale of marketable securities available for sale will be reflected in the Company’s net loss for the period in which the security are liquidated.

Effective February 9, 2012, such marketable securities held by our former subsidiary, Pershing, were deconsolidated as a result of the reduction of the Company’s ownership interest below 50% and the Company no longer has a controlling financial interest in Pershing (see Note 4).

- Definition

Tabular disclosure of marketable securities. This may consist of investments in certain debt and equity securities, short-term investments and other assets.

+ References+ Details

Continental Resources Group, Inc. 10-Q