Annual report pursuant to Section 13 and 15(d)

Other Income (Expense) - Net

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Other Income (Expense) - Net
12 Months Ended
Dec. 31, 2016
Other Income and Expenses [Abstract]  
Other Income (Expense) - Net

16. OTHER INCOME (EXPENSE) – NET

 

Other income (expense) net for the years ended December 31, 2016 and 2015 consisted of the following:

 

    Years Ended  
    December 31,  
    2016     2015  
Foreign exchange (loss) gain   $ (92,160 )   $ 143,333  
Other     38,884       26,948  
Other (expense) income - net   $ (53,276 )   $ 170,281  

 

Foreign currency transaction gains (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.