2 unchanged sentences
interest rates.
−Removed: At December 31, 2002, we had cash and cash equivalents of
+Added: At June 30, 2003, we had cash and cash equivalents of
Cash and cash equivalents consisted of demand deposits and money
3 unchanged sentences
rates for these accounts.
−Removed: The Company also has short-term notes payable in the amount of $22,938, at
−Removed: December 31, 2002.
+Added: The Company also has short-term notes payable in the amount of $37,925, at June
These notes are due and payable within one year.
−Removed: the short-term nature of the notes and the fixed rate on the notes, there is no
+Added: Because of the
+Added: short-term nature of the notes and the fixed rate on the notes, there is no
material exposure to changes in interest rates for these accounts.
−Removed: does not have any derivative or hedge instruments at December 31, 2002.
+Added: does not have any derivative or hedge instruments at June 30, 2003.
Semotus has a permanent engineering operation in Vancouver, B.C., Canada and
3 unchanged sentences
company and records the translation at the current exchange rate.
−Removed: records translation gains and losses in Comprehensive Income.
−Removed: At December 31,
+Added: records translation gains and losses in Comprehensive Loss.
+Added: At June 30, 2003,
the cumulative translation loss was $78,333.
−Removed: Given the relative stability
−Removed: of the Canadian and U.S.
−Removed: dollar exchange rate, the Company has not deemed it
−Removed: necessary to hedge this exposure.
+Added: Given the relative stability of the
+Added: Canadian and U.S.
+Added: dollar exchange rate, the Company has not deemed it necessary
+Added: to hedge this exposure.
+Added: The Company does actively monitor the situation and as
+Added: of June 30, 2003 there has been a small but trending decline in the U.S.
+Added: against the Canadian dollar.
+Added: Should the trend continue, the Company would seek
+Added: to limit or hedge the exposure.
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.