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Accumulated Other Comprehensive Loss
12 Months Ended
Dec. 31, 2024
Accumulated Other Comprehensive Loss  
Accumulated Other Comprehensive Loss

17. 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,

 

 

 

2024

 

 

2023

 

 

 

 

 

 

 

 

Balances, January 1

 

$(334,899)

 

$(350,234)

 

 

 

 

 

 

 

 

 

Net foreign currency translation (loss) gain

 

 

(116,046)

 

 

15,335

 

 

 

 

 

 

 

 

 

 

Balances, December 31

 

$(450,945)

 

$(334,899)