5 unchanged sentences
The applicable margins are based on the Company’s consolidated net leverage ratio, adjusted on a quarterly basis.
−Removed: As of December 31, 2023, the Company had $25 million outstanding under the Revolving Facility.
−Removed: In February 2024, the Company repaid all amounts outstanding under the Revolving Facility, and no amounts are outstanding as of the date of this Annual Report.
+Added: As of December 31, 2024, the outstanding balance of the Revolving Facility was $30,000,000 and the unused portion of the Revolving Facility was $60,000,000.
While the applicable interest rate is set for a specific term when amounts are drawn down under the terms of the Revolving Facility, any subsequent draws on the Revolving Facility may be subject to a higher or lower interest rate, depending upon, among other things, the then-prevailing SOFR rate.
2 unchanged sentences
Foreign Exchange Risk
−Removed: We operate our business primarily within the United States and currently execute a majority of our transactions in U.S.
+Added: We operate our business primarily within the U.S.
+Added: and currently execute a majority of our transactions in U.S.
However, we are exposed to limited foreign exchange risk as a result of our U.K.
9 unchanged sentences
For the year ended December 31, 2023 , the Company had one customer that accounted for 40% of revenues and 42% of net accounts receivable.
−Removed: For the year ended December 31, 2021, the Company had one customer that accounted for approximately 23% of revenues and 26% of net accounts receivable and another customer that accounted for 26% of revenues and 24% of net accounts receivable.
+Added: For the year ended December 31, 2022 , the Company had one customer that accounted for approximately 35% of revenues and 45% of net accounts receivable.
We perform ongoing evaluations of customers’ financial condition, creditworthiness and payment performance.
1 unchanged sentence
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.