Quarterly report pursuant to Section 13 or 15(d)

Other (Expense) Income - Net

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Other (Expense) Income - Net
 6 Months Ended
Jun. 30, 2016
Other Income and Expenses [Abstract]  
Other (Expense) Income - Net

15. OTHER (EXPENSE) INCOME – NET

 

Other (expense) income - net for the six months ended June 30, 2016 and 2015 and for the three months ended June 30, 2016 and 2015 consisted of the following:

 

    Three Months Ended     Six Months Ended  
    June 30,     June 30,  
    2016     2015     2016     2015  
Foreign exchange (loss) gain   $ (28,619 )   $ 45,547     $ (55,554 )   $ 77,020  
Other     4,177       11,666       29,040       26,339  
Other (expense) income - net   $ (24,442 )   $ 57,213     $ (26,514 )   $ 103,359  

 

Foreign currency transaction gains (losses) result from transactions related to the intercompany receivable for which transaction adjustments are recorded in the condensed consolidated statements of operations as they are not deemed to be permanently reinvested.