Annual report pursuant to Section 13 and 15(d)

Accumulated other comprehensive income (loss)

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Accumulated other comprehensive income (loss)
 12 Months Ended
Dec. 31, 2016
Accumulated other comprehensive income (loss)  
Accumulated other comprehensive income (loss)

Note 25 – Accumulated other comprehensive income (loss)

 

The changes in the balances for accumulated other comprehensive income (loss) (“AOCI”) for the years ended December 31 were as follows:

 

 

2016

2015

Marketable securities

 

 

Beginning balance

$

(12,563)

$

-

 

 

Gains (losses) on available for sale securities

 

-

(12,563)

Less: Tax (tax benefit)

 

-

-

  Net gains (losses) on available for sale securities

 

-

(12,563)

 

 

(Gains) Losses reclassified from AOCI to net income

 

12,563

-

Less: Tax (tax benefit)

 

-

-

  Net gains (losses) reclassified from AOCI to net income

 

12,563

-

 

 

  Other comprehensive income (loss), net of tax

 

12,563

(12,563)

 

 

Ending balance

$

-

$

(12,563)