6 unchanged sentences
Payment terms are generally net 30 days with discounts amounting up to 2% for early payments.
−Removed: Accounts receivables are written off when they are determined to be uncollectible based on the financial stability of its customers and existing economic conditions.
−Removed: Sales to three customers accounted for approximately 52% and sales to two customers accounted for approximately 74% of net revenues for the three month periods ended June 30, 2024 and 2023, respectively.
−Removed: Sales to three customers accounted for approximately 53% and 74% of net revenues for both the six month periods ended June 30, 2024 and 2023, respectively.
−Removed: Accounts receivable from three and two customers amounted to approximately 55% and 84% of total accounts receivable as of June 30, 2024 and 2023, respectively.
−Removed: Substantially all of the Company’s sales for the six month periods ended June 30, 2024 and 2023 sales occurred in the United States and Canada.
−Removed: Purchases from 10 vendors accounted for approximately 51% and 55% of purchases during the three months ended and 48% and 55% of purchases for the six month periods ended June 30, 2024 and 2023, respectively.
−Removed: Accounts payable to these vendors totaled approximately $689,000 and $971,000 as of June 30, 2024 and 2023, respectively.
+Added: Accounts receivable are written off when they are determined to be uncollectible based on the financial stability of its customers and existing economic conditions.
+Added: Sales to four customers accounted for approximately 53% and sales to three customers accounted for approximately 77% of net revenues for the three month periods ended September 30, 2024 and 2023, respectively.
+Added: Sales to three customers accounted for approximately 45% and 74% of net revenues for both the nine month periods ended September 30, 2024 and 2023, respectively.
+Added: Accounts receivable from one and three customers amounted to approximately 19% and 80% of total accounts receivable as of September 30, 2024 and 2023, respectively.
+Added: Substantially all of the Company’s sales for the nine month periods ended September 30, 2024 and 2023 sales occurred in the United States, Canada, Central America, South America and Europe.
+Added: Purchases from 10 vendors accounted for approximately 51% and 52% of purchases during the three months ended and 54% and 52% of purchases for the nine month periods ended September 30, 2024 and 2023, respectively.
+Added: Accounts payable to these vendors totaled approximately $2,570,000 and $1,218,000 as of September 30, 2024 and 2023, respectively.
Foreign Currency Risk
−Removed: Our customers are primarily located in the United States, Japan, Germany, and Canada;
−Removed: therefore, foreign exchange risk exposures arise from transactions denominated in currencies other than our functional and reporting currency (United States dollars).
−Removed: To date, a majority of our sales have been denominated in United States dollars and a significant portion of our operating expenses are denominated in Canadian dollars.
+Added: Our customers are primarily located in the United States, Central America, South America, Germany, and Canada;
+Added: therefore, foreign exchange risk exposures arise from transactions denominated in currencies other than our functional and reporting currency (U.S.
+Added: To date, a majority of our sales have been denominated in U.S.
+Added: dollars and a significant portion of our operating expenses are denominated in Canadian dollars.
We also purchase certain of our key manufacturing inputs in Euros.
−Removed: As we expand our presence in international markets, our results of operations and cash flows may increasingly be subject to fluctuations due to changes in foreign currency exchange rates and may be adversely affected in the future due to changes in foreign exchange rates.
+Added: As we expand our presence in international markets, our results of operations and cash flows may increasingly be subject to fluctuations due to changes in foreign currency exchange rates and may be adversely affected in the future due to changes in foreign currency exchange rates.
To date, we have not entered into any hedging arrangements to minimize the impact of these fluctuations in the exchange rates.
3 unchanged sentences
We do not believe that inflation had a significant impact on our results of operations for any periods presented in our consolidated financial statements.
−Removed: Nonetheless, if our costs were to become subject to significant inflationary pressures, we may not be able to fully offset such higher costs, and our inability or failure to do so could harm our business, financial condition, and results of operations.
+Added: Nonetheless, if our costs were to become subject to significant inflationary pressures, we may not be able to fully offset such higher costs with product price increases, and our inability or failure to do so could harm our business, financial condition, and results of operations.
Matching Revenues with Costs
Certain Selling, General and Administrative costs have been expensed in the period incurred.
−Removed: These costs, to include business development costs, transaction costs and research and development costs, consist primarily of personnel and related expenses including salaries, benefits, share-based compensation, scale-up expenses, depreciation and amortization expenses, and facility lease costs.
+Added: These costs, include business development costs, transaction costs and research and development costs, consist primarily of personnel and related expenses including salaries, benefits, share-based compensation, scale-up expenses, depreciation and amortization expenses, and facility lease costs.
Scale-up expenses includes material waste costs, production personnel costs and various related expenses.
3 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.