XML 72 R12.htm IDEA: XBRL DOCUMENT v2.4.1.9
Other Comprehensive Loss
12 Months Ended
Dec. 31, 2014
Stockholders' Equity Note [Abstract]  
Comprehensive Income (Loss) Note [Text Block]
5. Other Comprehensive Loss
 
The following table sets forth the tax effects of components of other comprehensive loss and the accumulated balance of other comprehensive loss and each component.
 
Tax Effects Allocated to Each Component of Other Comprehensive Loss
for the years ended December 31, 2014 and 2013
 
 
 
 
 
 
Tax
 
 
 
 
 
 
Before-Tax
 
(Expense)
 
Net-of-Tax
 
 
 
Amount
 
or Benefit
 
Amount
 
2014
 
 
 
 
 
 
 
 
 
 
Foreign currency translation adjustments
 
$
(647,711)
 
$
-
 
$
(647,711)
 
Other comprehensive loss
 
$
(647,711)
 
$
-
 
$
(647,711)
 
 
 
 
 
 
 
Tax
 
 
 
 
 
 
Before-Tax
 
(Expense)
 
Net-of-Tax
 
 
 
Amount
 
or Benefit
 
Amount
 
2013
 
 
 
 
 
 
 
 
 
 
Foreign currency translation adjustments
 
$
(81,919)
 
$
-
 
$
(81,919)
 
Other comprehensive loss
 
$
(81,919)
 
$
-
 
$
(81,919)
 
 
Accumulated Other Comprehensive Loss Balances as of December 31, 2014
 
 
 
 
 
 
Accumulated
 
 
 
Foreign
 
Other
 
 
 
Currency
 
Comprehensive
 
 
 
Items
 
Loss
 
Beginning balance
 
$
(2,253,501)
 
$
(2,253,501)
 
Current period change
 
 
(647,711)
 
 
(647,711)
 
Ending balance
 
$
(2,901,212)
 
$
(2,901,212)
 
 
Accumulated Other Comprehensive Loss Balances as of December 31, 2013
 
 
 
 
 
 
Accumulated
 
 
 
Foreign
 
Other
 
 
 
Currency
 
Comprehensive
 
 
 
Items
 
Loss
 
Beginning balance
 
$
(2,171,582)
 
$
(2,171,582)
 
Current period change
 
 
(81,919)
 
 
(81,919)
 
Ending balance
 
$
(2,253,501)
 
$
(2,253,501)
 
 
For the years ended December 31, 2014 and 2013, no tax benefit has been recorded on the foreign currency translation adjustments; as such amounts would result in a deferred tax asset and are not expected to reverse in the foreseeable future.