Annual report pursuant to Section 13 and 15(d)

Other Income - Net

v3.19.1
Other Income - Net
12 Months Ended
Dec. 31, 2018
Other Income and Expenses [Abstract]  
Other Income - Net

16. OTHER INCOME – NET

 

Other income - net for the years ended December 31, 2018 and 2017 consisted of the following:

 

    Year Ended December 31,
    2018     2017  
Foreign exchange gains   $ 434,806     $ 248,517  
Other     59,526       83,567  
Other income - net   $ 494,332     $ 332,084  

 

Foreign currency transaction gains and losses primarily result from transactions in foreign currencies other than the functional currency. These transaction gains and losses are recorded in the consolidated statements of operations related to the recurring measurement and settlement of such transactions.