9 unchanged sentences
(or on any successor or substitute published rate) for a term of one month, subject to a replacement with an alternate benchmark rate and spread in certain circumstances.
+Added: Starting in July 2023, the Secured Overnight Financing Rate (SOFR) for a term of one month was substituted for the benchmark rate.
As a result, we are exposed to risks related to our indebtedness from changes in interest rates.
3 unchanged sentences
It is difficult to predict the effect that future hedging activities would have on our operating results.
+Added: We are exposed to foreign currency exchange risk as our Canadian subsidiary operates with the Canadian dollar as its functional currency.
+Added: The majority of our transactions occur in U.S.
+Added: The fluctuation in the value of the U.S.
+Added: dollar against the Canadian dollar affects the reported amounts of expenses, assets and liabilities.
+Added: If we expand our international operations our exposure to exchange rate fluctuations will increase.
+Added: At December 31, 2023 we had cash balances denominated in Canadian dollars of $5.2 million.
+Added: We currently do not hedge any foreign currency exposure.
+Added: A hypothetical 10% change in foreign exchange rates during any of the periods presented would not have a material impact on our consolidated financial statements.
+Added: Index to Financial Statements
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.