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, 2020
Other Income and Expenses [Abstract]  
Other (Expense) Income - Net

17. OTHER (EXPENSE) INCOME – NET

 

Other income (expense) - net for the years ended December 31, 2020 and 2019 consisted of the following:

 

    Year Ended December 31,  
    2020     2019  
    ($ in thousands)  
Foreign exchange gain (loss)   $ 14     $ (827 )
Other (expense) income     (7 )     202  
Other income (expense) - net   $ 7     $ (625 )

 

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.