Annual report pursuant to Section 13 and 15(d)

OTHER (EXPENSE) INCOME ??? NET

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OTHER (EXPENSE) INCOME – NET
12 Months Ended
Dec. 31, 2021
Other Income and Expenses [Abstract]  
OTHER (EXPENSE) INCOME – NET

17. OTHER (EXPENSE) INCOME – NET

 

Other (expense) income - net for the years ended December 31, 2021 and 2020 consisted of the following:

 

    Year Ended December 31,  
    2021     2020  
    ($ in thousands)  
Foreign exchange gains   $ 16     $ 14  
Other expense     (112 )     (7 )
Other (expense) income - net   $ (96 )   $ 7  

 

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.