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)
9 Months Ended
Sep. 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

September 30,

 

Nine Months Ended

September 30,

 

 

 

 

 

2018

 

2017

 

2018

 

2017

Beginning balance

$

-

$

(247,086)

$

34,822

$

-

 

 

 

 

 

 

 

 

 

Gains (losses) on available for sale securities

 

-

 

58,249

 

-

 

(188,837)

Less: Tax (tax benefit)

 

-

 

-

 

-

 

-

Net gains (losses) on available for sale securities

 

-

 

28,249

 

-

 

(188,837)

 

 

 

 

 

 

 

 

 

Gains on investments in securities reclassified from AOCI to retained deficit

 

-

 

163,445

 

(34,822)

 

163,445

 

 

 

 

 

 

 

 

 

Less: Tax (tax benefit)

 

-

 

-

 

-

 

-

Net gains (losses) reclassified from AOCI to retained deficit

 

-

 

163,445

 

(34,822)

 

163,445

Other comprehensive income (loss), net of tax

 

-

 

221,694

 

(34,822)

 

(25,392)

 

 

 

 

 

 

 

 

 

Ending balance

$

-

$

(25,392)

$

-

$

(25,392)