COMPREHENSIVE INCOME

12 Months Ended

Dec. 31, 2024

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 available for sale investments and foreign currency translation adjustments.


	For the Years ended December 31,
	2024		2023		2022
Foreign currency translation adjustments:
Balance at beginning of period	$	(4,534,719)	$	(4,032,239)	$	920,589
Other comprehensive loss before reclassifications	(1,283,017)		(502,480)		(4,952,828)

Net current-period change	(1,283,017)		(502,480)		(4,952,828)
Balance at end of period	(5,817,736)		(4,534,719)		(4,032,239)

Unrealized (losses) gains on available-for-sale securities:
Balance at beginning of period	(2,022,403)		(10,110,695)		1,006,655
Other comprehensive (loss) income before reclassifications	(360,991)		3,360,396		(12,470,515)
Amounts reclassified from accumulated other comprehensive (loss) income	1,791,789		4,727,896		1,353,165
Net current-period change	1,430,798		8,088,292		(11,117,350)
Balance at end of period	(591,605)		(2,022,403)		(10,110,695)







Accumulated other comprehensive loss, end of period	$	(6,409,341)	$	(6,557,122)	$	(14,142,934)

All amounts are shown net of tax. Amounts in parentheses indicate debits.

The following table presents details of reclassifications from accumulated other comprehensive (loss) income for the years ended December 31, 2024, 2023, and 2022:


Details about Accumulated Other Comprehensive (Loss) Income Components							Affected Line item in the Statement of Consolidated Income
	For the Years ended December 31,
	2024		2023		2022
Unrealized (losses) gains on available-for-sale securities
Realized loss on sale of securities	$	(2,268,087)	$	(5,984,678)	$	(1,712,867)	Other loss, net
Provision for income taxes	476,298		1,256,782		359,702		Provision for Income Taxes







Total reclassifications for the period	$	(1,791,789)	$	(4,727,896)	$	(1,353,165)	Net of tax