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 (loss)

represents net income adjusted for unrealized gains and losses on available for sale investment securities, foreign currency translation adjustments, and derivative instruments.

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


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Foreign currency translation adjustments:
Balance at beginning of period	$	1,434,747	$	(6,162,966)	$	(310,305)	$	(5,817,736)
Other comprehensive income	283,277		2,109,011		2,028,329		1,763,781

Net current-period change	283,277		2,109,011		2,028,329		1,763,781
Balance at end of period	1,718,024		(4,053,955)		1,718,024		(4,053,955)

Unrealized gains (losses) on available for sale securities:
Balance at beginning of period	704,122		1,132,844		1,347,044		(591,605)
Other comprehensive loss before reclassifications	(521,799)		1,107,816		(1,165,516)		1,480,018
Amounts reclassified from accumulated other comprehensive income (loss)	—		(599,514)		795		752,733
Net current-period change	(521,799)		508,302		(1,164,721)		2,232,751
Balance at end of period	182,323		1,641,146		182,323		1,641,146

Unrealized losses on derivatives:
Balance at beginning of period	(916,269)		—		(768,985)		—
Other comprehensive loss before reclassifications	726,620		(1,235,940)		631,563		(1,235,940)
Amounts reclassified from accumulated other comprehensive Income (loss)	—		252,100		(52,227)		252,100
Net current-period change	726,620		(983,840)		579,336		(983,840)
Balance at end of period	(189,649)		(983,840)		(189,649)		(983,840)

Accumulated other comprehensive income (loss), end of period	$	1,710,698	$	(3,396,649)	$	1,710,698	$	(3,396,649)

The following table presents details of reclassifications out of accumulated other comprehensive loss for the six months ended June 30, 2026 and 2025:


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 June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Available for sale securities:
Realized gain (loss) on sale of securities	$	—	$	758,879	$	(1,005)	$	(952,826)	Other income (loss), net
Income tax effect	—		(159,365)		210		200,093		Provision for income taxes
Total net reclassifications for the period	$	—	$	599,514	$	(795)	$	(752,733)

Derivatives:
Realized gain (loss) on settlement of derivatives	$	—	$	(373,205)	$	77,316	$	(373,205)	Other income (loss), net
Income tax effect	$	—	121,105		(25,089)		121,105		Provision for income taxes
Total net reclassifications for the period	$	—	$	(252,100)	$	52,227	$	(252,100)

Total reclassifications for the period	$	—	$	347,414	$	51,432	$	(1,004,833)