Quarterly report pursuant to Section 13 or 15(d)

Note 24 - Accumulated other comprehensive income (loss)

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Note 24 - Accumulated other comprehensive income (loss)
6 Months Ended
Jun. 30, 2018
Notes  
Note 24 - Accumulated other comprehensive income (loss)

Note 24 – Accumulated other comprehensive income (loss)

 

The changes in the balances for accumulated other comprehensive income (loss) (“AOCI”) were as follows:

 

 

 

Three Months Ended

June 30,

 

Six Months Ended

June 30,

 

 

2018

 

2017

2018

2017

Beginning balance

$

-

$

(81,566)

$

34,822

$

-

 

 

 

 

 

 

 

 

 

Gains (losses) on available for sale securities

 

-

 

(165,520)

 

-

 

(247,086)

Less: Tax (tax benefit)

 

-

 

-

-

-

Net gains (losses) on available for sale securities

 

-

 

(165,520)

 

-

 

(247,086)

 

 

 

 

 

 

 

 

 

Gains on investments in securities reclassified from AOCI to retained deficit

 

-

 

-

(34,822)

-

 

 

 

 

 

 

 

 

 

Less: Tax (tax benefit)

 

-

 

-

-

-

Net gains (losses) reclassified from AOCI to

   retained deficit

 

-

 

-

(34,822)

-

Other comprehensive income (loss), net of tax

 

-

 

(165,520)

(34,822)

(247,086)

 

 

 

 

 

 

Ending balance

$

-

$

(247,086)

$

-

$

(247,086)