Comprehensive Income (Tables)

9 Months Ended

Sep. 30, 2022

Equity [Abstract]

Schedule of AOCI

The following table presents the net changes in the Company's accumulated other comprehensive income by component (all amounts shown are net of tax):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Foreign currency translation adjustments:
Balance at beginning of period	$	(3,107,157)	$	879,832	$	920,589	$	769,045
Other Comprehensive (loss) income before reclassifications	17,751,603		(349,165)		13,723,857		(238,378)
Net current-period change	17,751,603		(349,165)		13,723,857		(238,378)
Balance at end of period	14,644,446		530,667		14,644,446		530,667
Unrealized gains on available-for-sale debt securities:
Balance at beginning of period	(7,848,722)		3,385,206		1,006,655		6,082,007
Other Comprehensive (loss) income before reclassifications	(3,714,578)		(645,273)		(13,042,231)		(2,727,750)
Amounts reclassified from accumulated other comprehensive income	204,811		—		677,087		(614,324)
Net current-period change	(3,509,767)		(645,273)		(12,365,144)		(3,342,074)
Balance at end of period	(11,358,489)		2,739,933		(11,358,489)		2,739,933
Accumulated other comprehensive (loss) income, end of period	$	3,285,957	$	3,270,600	$	3,285,957	$	3,270,600

Reclassifications Out of Other Comprehensive Income

The following table presents details of reclassifications out of accumulated other comprehensive (loss) income for the three and nine months ended September 30, 2022 and 2021:

Details about Accumulated Other Comprehensive Income Components	Amounts Reclassified from Other Comprehensive (Loss) Income								Affected Line item in the Consolidated Statements of Income
	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Unrealized (losses) gains on available-for-sale debt securities
Realized (loss) gain on sale  of securities	$	(259,254)	$	—	$	(857,072)	$	777,625	Investment income
Provision for income taxes	54,443		—		179,985		(163,301)		Provision for income taxes
Total net reclassifications for the period	$	(204,811)	$	—	$	(677,087)	$	614,324	Net of tax