Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2018

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Income (Loss)

NOTE 16 - ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

Comprehensive loss includes net loss and unrealized gains or losses on available-for-sale investments and foreign currency translation gains and losses. Cumulative unrealized gains and losses on available-for-sale investments are reflected as accumulated other comprehensive loss in stockholders’ equity on the Company’s Consolidated Balance Sheets.

The accumulated balances for each classification of other comprehensive loss are as follows:

				Unrealized			Accumulated
	Foreign			gain (losses)			other
	currency			on			comprehensive
	items			investments			income
Balance at January 1, 2016	$	(500,000	)	$	-		$	(500,000	)
Net current period change		408,000			(11,000	)		397,000
Balance at December 31, 2016		(92,000	)	$	(11,000	)		(103,000	)
Net current period change		(373,000	)		(102,000	)		(475,000	)
Balance at December 31, 2017		(465,000	)	$	(113,000	)		(578,000	)
Net current period change		77,000			66,000			143,000
Balance at December 31, 2018	$	(388,000	)	$	(47,000	)		(435,000	)

Income and expense accounts of foreign operations are translated at actual or weighted-average exchange rates during the period. Assets and liabilities of foreign operations that operate in a local currency environment are translated to U.S. dollars at the exchange rates in effect at the balance sheet date. Translation gains or losses are reported as components of accumulated other comprehensive income or loss in consolidated stockholders’ equity. Net translation gains or losses resulting from the translation of foreign currency financial statements and the effect of exchange rate changes on intercompany transactions of a long-term investment nature with IDS GmbH resulted in translation gains (losses) of $408,000, $(373,000) and $77,000 at December 31, 2016, 2017 and 2018, respectively, which are included in comprehensive loss in the Consolidated Statement of Changes in Stockholders’ Equity. Effective December 1, 2015, the intercompany transactions with IDS GmbH are not considered of a long-term investment nature and the effect of the exchange rate changes subsequent to December 1, 2015 on the intercompany transactions are included selling, general and administrative expenses in the Consolidated Statement of Operations.

Gains and losses resulting from foreign currency transactions are included in determining net income or loss. Foreign currency transaction (losses) gains for the years ended December 31, 2016, 2017 and 2018 of $(437,000), $456,000 and $(214,000), respectively, are included in selling, general and administrative expenses in the Consolidated Statement of Operations.