Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2023

Comprehensive Income (Loss)Comprehensive income (loss) 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 debt investments and foreign currency translation adjustments.

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


	Three Months Ended March 31,
		2023		2022
Foreign currency translation adjustments:
Balance at beginning of period		$	(4,032,239)	$	920,589
Other Comprehensive loss before reclassifications		(121,167)		(896,420)

Net current-period change		(121,167)		(896,420)
Balance at end of period		(4,153,406)		24,169

Unrealized (losses) gains on available-for-sale debt securities:
Balance at beginning of period		(10,110,695)		1,006,655
Other Comprehensive income (loss) before reclassifications		277,718		(6,423,937)
Amounts reclassified from accumulated other comprehensive income		1,761,886		265,705
Net current-period change		2,039,604		(6,158,232)
Balance at end of period		(8,071,091)		(5,151,577)







Accumulated other comprehensive loss, end of period		$	(12,224,497)	$	(5,127,408)

The following table presents details of reclassifications out of accumulated other comprehensive loss for the three months ended March 31, 2023 and 2022:


Details about Accumulated Other Comprehensive Loss Components		Amounts Reclassified from Other Comprehensive Loss				Affected Line item in the Consolidated Statements of Income
	Three Months Ended March 31,
		2023		2022
Unrealized (losses) gains on available-for-sale debt securities
Realized loss on sale of securities		$	(2,230,236)	$	(336,335)	Investment income
Provision for income taxes		468,350		70,630		Provision for income taxes
Total net reclassifications for the period		$	(1,761,886)	$	(265,705)