Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2025

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 securities 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,
	2025		2024
Foreign currency translation adjustments:
Balance at beginning of period	$	(5,817,736)	$	(4,534,719)
Other Comprehensive loss before reclassifications	(345,230)		(950,213)

Net current-period change	(345,230)		(950,213)
Balance at end of period	(6,162,966)		(5,484,932)

Unrealized (losses) gains on debt securities:
Balance at beginning of period	(591,605)		(2,022,403)
Other Comprehensive loss before reclassifications	(853,336)		(548,457)
Amounts reclassified from accumulated other comprehensive loss	2,577,785		589,466
Net current-period change	1,724,449		41,009
Balance at end of period	1,132,844		(1,981,394)







Accumulated other comprehensive loss, end of period	$	(5,030,122)	$	(7,466,326)

The following table presents details of reclassifications out of accumulated other comprehensive loss for the three months ended March 31, 2025 and 2024:


Details about Accumulated Other Comprehensive Loss Components	Amounts Reclassified from Other Comprehensive Loss				Affected Line item in the Unaudited Condensed Consolidated Statements of Income
	Three Months Ended March 31,
	2025		2024
Unrealized gains (losses) on debt securities
Realized (loss) on sale of securities	$	(3,263,019)	$	(746,159)		Other (loss) income, net
Provision for income taxes	685,234		156,693			Provision for income taxes
Total net reclassifications for the period	$	(2,577,785)	$	(589,466)