v3.25.4
OTHER EXPENSE – NET
12 Months Ended
Dec. 31, 2025
Other Income and Expenses [Abstract]  
OTHER EXPENSE – NET

 18. OTHER EXPENSE – NET

 

Other expense - net for the years ended December 31, 2025 and 2024 consisted of the following:

 

   2025   2024 
   Year Ended December 31, 
   2025   2024 
   ($ in thousands) 
Foreign exchange (losses) gains  $(109)  $130 
Other expense   (156)   (428)
Other expense - net  $(265)  $(298)

 

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. Other expense primarily represents legal settlements made by the Company.