OTHER EXPENSE

6 Months Ended

Jun. 30, 2024

OTHER EXPENSE

OTHER EXPENSE

NOTE 3 OTHER EXPENSE

The following is a summary of other expense for the three and six months ended June 30, 2024 and 2023:

	Three months ended June 30,				Six months ended June 30,
	2024		2023		2024		2023
Unrealized and realized gain on investments	$	461	$	2,586	$	259	$	2,882
Foreign currency gain on Blue Chip Swaps		—		—		—		7,993
Foreign currency loss		(485)		(24,472)		(394)		(35,113)
Other income (loss), net		334		11		357		(216)
Total other income (expense)	$	310	$	(21,875)	$	222	$	(24,454)

During the six months ended June 30, 2023, the Company completed two Blue Chip Swap transactions to transfer funds from its Canadian bank account to Argentina. The Company realized a net gain of $7.6 million comprised of a foreign currency gain of $8.0 million and a realized loss on investments of $0.4 million, including the impact of fees and commissions on these Blue Chip Swap transactions.