18 unchanged sentences
The Company had one customer that represented 25% of its accounts receivable at December 31, 2023.
−Removed: Credit risk with respect to
−Removed: the balance of trade receivables is generally diversified due to the number of entities comprising the Company’s customer base.
−Removed: The Company does not believe there is significant risk of non-performance by these counterparties.
+Added: This is a large corporate customer
+Added: with 90-day payment terms.
+Added: Credit risk with respect to the balance of trade receivables is generally diversified due to the number of
+Added: entities comprising the Company’s customer base.
+Added: The Company does not believe the risk of non-performance by
+Added: these counterparties is significant.
has no interest rate risk related to debt since the Company paid off our credit line in February 2021.
−Removed: Pandemic Risk to Supply Chain
−Removed: discussed above under the “RISK FACTORS” heading, the COVID-19 pandemic could substantially interfere with general commercial
−Removed: activity related to our supply chain and customer base, which could have a material adverse effect on our financial condition, results
−Removed: of operations, business, or prospects.
−Removed: Some of the electronic devices and hardware we purchase, like antennas, radios, and GPS modules
−Removed: are very specific to our application;
−Removed: and there are not likely to be practical alternatives.
−Removed: In some cases, our circuit boards were designed
−Removed: around specific electronic hardware that met our specifications.
−Removed: We continue to work closely with our contract manufacturers and suppliers
−Removed: in order to mitigate, as much as possible, the risks to our supply chain for these critical devices and hardware, including identifying
−Removed: any lead-time issues and any potential alternate sources.
−Removed: We also continue to examine all currently open purchase orders in an effort
−Removed: to identify whether we need to issue additional orders to secure product that is critical, already has questionable lead times and/or
−Removed: is unique to our requirements.
−Removed: Alternate sources may not be available or may result in delays in shipments to us from our supply chain
−Removed: and subsequently to our customers, each of which would affect our results of operations.
−Removed: Further, if our customers’ businesses
−Removed: are similarly affected as a result of the pandemic, they might delay or reduce purchases from us, which could adversely affect our results
−Removed: of operations.
FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
2 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.