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Comprehensive Income
12 Months Ended
Dec. 31, 2021
Equity [Abstract]  
Comprehensive Income COMPREHENSIVE INCOME
Comprehensive income reflects the change in equity of a business enterprise during a period from transactions and other events and circumstances from non-owner sources. For the Company, comprehensive income represents net income adjusted for unrealized gains and losses on certain investments and foreign currency translation adjustments.
For the Years ended December 31,
202120202019
Foreign currency translation adjustments:
Balance at beginning of period$769,045 $(2,384,589)$(1,674,887)
Other comprehensive income (loss) before reclassifications151,544 3,153,634 (709,702)
Net current-period change151,544 3,153,634 (709,702)
Balance at end of period920,589 769,045 (2,384,589)
Unrealized gains (losses) on available-for-sale securities:
Balance at beginning of period6,082,007 1,095,486 74,549 
Other comprehensive income before reclassifications(4,228,434)6,644,459 1,403,521 
Amounts reclassified from accumulated other comprehensive income(846,918)(1,657,938)(382,584)
Net current-period change(5,075,352)4,986,521 1,020,937 
Balance at end of period1,006,655 6,082,007 1,095,486 
Accumulated other comprehensive (loss) income, end of period$1,927,244 $6,851,052 $(1,289,103)
All amounts are shown net of tax. Amounts in parentheses indicate debits.

The following table presents details of reclassifications out of accumulated other comprehensive income for the twelve months ended December 31, 2021, 2020 and 2019:
Details about Accumulated Other Comprehensive Income Components Affected Line item in the Statement of Consolidated Income
For the Years ended December 31,
202120202019
Unrealized gains on available-for-sale debt securities
Realized gain on sale of securities$1,072,048 $2,098,656 $484,283 Other income, net
Provision for income taxes(225,130)(440,718)(101,699)Provision for Income Taxes
Total reclassifications for the period$846,918 $1,657,938 $382,584 Net of tax