16 unchanged sentences
The Company’s cash was deposited with a U.S.
−Removed: bank and amounted to approximately $1,722,000
−Removed: at December 31, 2021.
−Removed: The Company did not have any one customer that represented at least 10% of its accounts receivable at December
−Removed: Credit risk with respect to the balance of trade receivables is generally diversified due to the number of entities comprising
−Removed: the Company’s customer base.
+Added: bank and amounted to $1,450,000 at December 31,
+Added: The Company had one customer that represented 12% of its accounts receivable at December 31, 2022.
+Added: Credit risk with respect to
+Added: the balance of trade receivables is generally diversified due to the number of entities comprising the Company’s customer base.
The Company does not believe there is significant risk of non-performance by these counterparties.
−Removed: March 2019, OmniMetrix reinstated its loan and security agreement which provided OmniMetrix with access to accounts receivable formula-based
−Removed: financing of the lesser of 75% of eligible receivables or $1 million.
−Removed: Debt incurred under this financing arrangement bore interest at
−Removed: the greater of 6% and prime plus 1.5% per year.
−Removed: In addition, OmniMetrix paid a monthly service charge of 0.75% of the average aggregate
−Removed: principal amount outstanding for the prior month, for an effective rate of interest on advances of 15%.
−Removed: OmniMetrix also agreed to maintain
−Removed: a minimum loan balance of $150,000 in its line-of-credit with the lender for a minimum of two years beginning March 1, 2019.
−Removed: to time, the balance outstanding fell below $150,000 based on collections applied against the loan balance and the timing of loan draws.
−Removed: We elected not to renew this line of credit and allowed it to expire in accordance with its terms on February 28, 2021.
−Removed: OmniMetrix no
−Removed: longer has interest rate risk related to debt.
+Added: has no interest rate risk related to debt since the Company paid off our credit line in February 2021.
Pandemic Risk to Supply Chain
22 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.