Comprehensive Income (Tables)

6 Months Ended

Jun. 30, 2020

Equity [Abstract]

Schedule of AOCI

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,
	2020		2019		2020		2019
Foreign currency translation adjustments:
Balance at beginning of period	$	(3,076,679)	$	(1,375,888)	$	(2,384,589)	$	(1,674,887)
Other Comprehensive (loss) income before reclassifications	136,627		(475,686)		(555,463)		(176,687)
Net current-period change	136,627		(475,686)		(555,463)		(176,687)
Balance at end of period	(2,940,052)		(1,851,574)		(2,940,052)		(1,851,574)
Unrealized gains on available-for-sale debt securities:
Balance at beginning of period	3,291,473		1,100,154		1,095,486		74,549
Other Comprehensive income before reclassifications	3,109,755		1,353,661		5,334,951		2,449,241
Amounts reclassified from accumulated other comprehensive income	(721,932)		(103,020)		(751,141)		(172,995)
Net current-period change	2,387,823		1,250,641		4,583,810		2,276,246
Balance at end of period	5,679,296		2,350,795		5,679,296		2,350,795
Accumulated other comprehensive income, end of period	$	2,739,244	$	499,221	$	2,739,244	$	499,221

Reclassifications out of other comprehensive income

The following table presents details of reclassifications out of accumulated other comprehensive income for the three and six months ended June 30, 2020 and 2019.

Details about Accumulated Other Comprehensive Income Components	Amounts Reclassified from Other Comprehensive Income								Affected Line item in the Statement of Consolidated Income
	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Unrealized gains on available-for-sale debt securities
Realized gain on sale of securities	$	913,838	$	130,405	$	950,812	$	218,981	Investment income
Provision for income taxes	(191,906)		(27,385)		(199,671)		(45,986)		Provision for income taxes
Total net reclassifications for the period	$	721,932	$	103,020	$	751,141	$	172,995	Net of tax