10 unchanged sentences
We generally target to hedge a majority of our forecasted yearly foreign currency exchange exposure through a 24-month rolling layered approach and leave a portion of our currency forecast floating at spot rate.
−Removed: Our currency forecast and hedge
−Removed: positions are reviewed quarterly.
+Added: Our currency forecast and hedge positions are reviewed quarterly.
The gains and losses on the forward contracts associated with our balance sheet positions are recorded in “Other income (expense), net” in the consolidated statements of operations.
11 unchanged sentences
More specifically, we source a large amount of our finished goods from international countries, which exposes us to international supply chain inflation, particularly ocean freight.
−Removed: During the year ended December 31, 2024, general inflationary pressures continue to increase the other elements of our cost of goods and operating expenses.
−Removed: Recently, there have been discussions about potential tariffs and other import related fees, on goods, including those imported from China, Mexico, and Canada, and while the specifics are unclear, if tariffs are implemented on goods from these countries, or other countries where the Company does business, they may raise the Company's cost of importation of coconut water and require the Company to adjust its pricing or strategy.
+Added: During the year ended December 31, 2025, general inflationary pressures continued to increase the other elements of our cost of goods and operating expenses.
+Added: During 2025, tariffs were imposed on most imports into the United States, including coconut water, which created an increase in our cost of goods reported in 2025.
+Added: Beginning in November 2025, we benefited from a U.S.
+Added: executive action granting tariff exemptions applicable to coconut water products, which reduced our costs.
+Added: If tariffs are implemented on goods from countries where we do business, or currently applicable exemptions expire or are rescinded, they may raise our cost of importation of coconut water and require us to adjust our pricing or strategy.
+Added: See Part I, Item 1A.
+Added: “Risk Factors— Changes in U.S.
+Added: trade policy, including the imposition of new and revised tariffs on our principal sourcing countries, have increased our costs and created significant uncertainty, and could continue to materially and adversely affect our business, financial condition, results of operations, and cash flows .” for more information.
We are exposed to concentration of credit risk from our major customers.
1 unchanged sentence
We have not experienced credit issues with these customers.
−Removed: We maintain provisions for potential credit losses and evaluate the solvency of our customers on an ongoing basis to determine if additional allowances for doubtful accounts and customer credits need to be recorded.
+Added: We maintain provisions for potential credit losses and evaluate the solvency of our customers on an ongoing
+Added: basis to determine if additional allowances for doubtful accounts and customer credits need to be recorded.
Significant economic disruptions or a slowdown in the economy could result in substantial additional charges.
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.