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Accumulated Other Comprehensive Loss
12 Months Ended
Dec. 31, 2020
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Loss

Changes in the Company’s cumulative foreign currency translation adjustments due to translation of its foreign subsidiaries’ Euro currency financial statements into the Company’s reporting currency were as and for the periods presented below:

 

    YEARS ENDED  
    DECEMBER 31,  
    2020     2019  
             
Balances, January 1   $ (242,594 )   $ (186,485 )
                 
Net foreign currency translation gain (loss)     137,979       (56,109 )
                 
Balances, December 31   $ (104,615 )   $ (242,594 )