Quarterly report pursuant to Section 13 or 15(d)

Other (Expense) Income - Net

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

15. OTHER (EXPENSE) INCOME – NET

 

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

 

    Three Months Ended     Nine Months Ended  
    September 30,     September 30,  
    2016     2015     2016     2015  
Foreign exchange (loss) gain   $ (16,806 )   $ 52,350     $ (72,360 )   $ 128,180  
Other     2,873       9,519       31,913       37,048  
Other (expense) income - net   $ (13,933 )   $ 61,869     $ (40,447 )   $ 165,228  

 

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