Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 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, foreign currency translation adjustments, and derivative instruments.

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 September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
Foreign currency translation adjustments:
Balance at beginning of period	$	(4,053,955)	$	(5,994,473)	$	(5,817,736)	$	(4,534,719)
Other comprehensive income	872,761		1,776,813		2,636,542		317,059

Net current-period change	872,761		1,776,813		2,636,542		317,059
Balance at end of period	(3,181,194)		(4,217,660)		(3,181,194)		(4,217,660)

Unrealized gains (losses) on debt securities:
Balance at beginning of period	1,641,146		(1,981,180)		(591,605)		(2,022,403)
Other comprehensive income before reclassifications	402,013		3,294,853		1,882,031		2,465,099
Amounts reclassified from accumulated other comprehensive income (loss)	(640,552)		18,063		112,181		889,040
Net current-period change	(238,539)		3,312,916		1,994,212		3,354,139
Balance at end of period	1,402,607		1,331,736		1,402,607		1,331,736

Unrealized gains on derivatives:
Balance at beginning of period	(983,840)		—		—		—
Other comprehensive loss before reclassifications	211,910		—		(1,024,029)		—
Amounts reclassified from accumulated other comprehensive loss	(95,706)		—		156,393		—
Net current-period change	116,204		—		(867,636)		—
Balance at end of period	(867,636)		—		(867,636)		—

Accumulated other comprehensive loss, end of period	$	(2,646,223)	$	(2,885,924)	$	(2,646,223)	$	(2,885,924)

The following table presents details of reclassifications out of accumulated other comprehensive loss for the three and nine months ended September 30, 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 September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
Unrealized gains (losses) on debt securities
Realized gain (loss) on sale of securities	$	810,825	$	(22,864)	$	(142,001)	$	(1,125,367)	Other, net
(Benefit) provision for income taxes	(170,273)		4,801		29,820		236,327		Provision for income taxes
Total net reclassifications for the period	$	640,552	$	(18,063)	$	(112,181)	$	(889,040)

Unrealized gains (losses) on derivatives
Realized gain (loss) on sale of settlement of derivatives	$	141,682	$	—	$	(231,522)	$	—	Other, net
(Benefit) provision for income taxes	$	(45,976)	—		$	75,129	—		Provision for income taxes
Total net reclassifications for the period	$	95,706	$	—	$	(156,393)	$	—

Total reclassifications for the period	$	736,258	$	(18,063)	$	(268,574)	$	(889,040)