8 unchanged sentences
and international economic factors and other factors beyond our control.
−Removed: A hypothetical 10% relative change in interest rates on our variable rate indebtedness outstanding at March 31, 2022 would not have had a material effect on our financial statements.
+Added: A hypothetical 10% relative change in interest rates on our variable rate indebtedness outstanding at June 30, 2022 would not have had a material effect on our financial statements.
We do not currently engage in hedging transactions to manage our exposure to interest rate risk.
−Removed: As of March 31, 2022, our cash and cash equivalents were maintained with one financial institution in the United States.
+Added: As of June 30, 2022, our cash and cash equivalents were maintained with one financial institution in the United States.
While our deposit accounts are insured up to the legal limit, the balances we maintain may, at times, exceed this insured limit.
2 unchanged sentences
To minimize credit risk, ongoing credit evaluations of all customers’ financial condition are performed.
−Removed: One customer represented 10% or more of our accounts receivable as of March 31, 2022.
+Added: One customer represented 10% or more of our accounts receivable as of June 30, 2022.
Foreign Currency Risk
4 unchanged sentences
Inflationary factors, such as increases in our cost of goods sold or other operating expenses, may adversely affect our operating results.
−Removed: While it is difficult to accurately measure the impact of inflation due to the imprecise nature of the estimates required, we do not believe inflation had a material effect on our financial condition or results of operations during the three months ended March 31, 2022 and 2021.
−Removed: We cannot assure you, however, that we will be able to increase the selling prices of our products or reduce our operating expenses in an amount sufficient to offset the effects future inflationary pressures may have on our gross margin.
+Added: While it is difficult to accurately measure the impact of inflation due to the imprecise nature of the estimates required, we do not believe inflation had a material effect on our financial condition or results of operations during the six months ended June 30, 2022 and 2021.
+Added: We cannot assure you, however, that we will be able to increase the selling prices of our products or reduce our operating expenses in an amount sufficient to offset the effects future
+Added: inflationary pressures may have on our gross margin.
Accordingly, we cannot assure you that our financial condition and results of operations will not be materially impacted by inflation in the future.
−Removed: Section 107 of the JOBS Act permits us, as an “emerging growth company,” to take advantage of an extended transition period for adopting new or revised accounting standards until those standards would otherwise apply to private
+Added: Section 107 of the JOBS Act permits us, as an “emerging growth company,” to take advantage of an extended transition period for adopting new or revised accounting standards until those standards would otherwise apply to private companies.
We have elected to avail ourselves of this exemption and, as a result, for so long as we remain an emerging growth company, unless we subsequently choose to affirmatively and irrevocably opt out of the extended transition period, our financial statements may not be comparable to the financial statements of issuers who are required to comply with the effective dates for new or revised accounting standards that are applicable to public companies.
6 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.