Quarterly report pursuant to Section 13 or 15(d)

Accumulated other comprehensive income (loss)

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Accumulated other comprehensive income (loss)
 3 Months Ended
Mar. 31, 2017
Accumulated other comprehensive income (loss)  
Accumulated other comprehensive income (loss)

Note 20 – Accumulated other comprehensive income (loss)

 

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

 

 

Three Months Ended

March 31,

Marketable securities

 

2017

 

2016

Beginning balance

$

-

$

(12,563)

 

 

 

 

Gains (losses) on available for sale securities

 

-

 

-

Less: Tax (tax benefit)

 

-

 

-

Net gains (losses) on available for sale securities

 

-

 

-

(Gains) Losses reclassified from accumulated other  comprehensive income to net income

 

-

 

12,563

Less: Tax (tax benefit)

 

-

 

-

Net gains (losses) reclassified from accumulated  other comprehensive income to net income

 

-

 

12,563

Other comprehensive income (loss), net of tax

 

-

 

12,563

 

 

 

 

Ending balance

$

-

$

-