3 unchanged sentences
Our exposure to liquidity risk is dependent on our ability to raise funds to meet our obligations and sustain operations.
−Removed: We manage liquidity risk by continuously monitoring our actual and forecasted working capital requirements to ensure there is capital to meet short-term and long-term obligations.
−Removed: As disclosed in Note 1 of the Company's consolidated financial statements, there is a substantial doubt about the Company's ability to continue as a going concern.
−Removed: We need to raise additional funds to implement our strategies.
−Removed: No assurance can be given that any future financing will be available or, if available, that it will be on terms that are satisfactory to the Company.
−Removed: Even if we are able to obtain additional financing, it may contain restrictions on our operations or cause substantial dilution for our shareholders.
+Added: We manage liquidity risk by continuously monitoring our actual and forecasted working capital requirements to ensure there is capital to meet short-term, long-term obligations, including our liquidity covenants under the Senior Secured Term Loan (see Note 13, Borrowings to our consolidated financial statements included elsewhere in this Annual Report).
+Added: As disclosed in Note 1, Overview to our consolidated financial statements included elsewhere in this Annual Report, there is a substantial doubt about the Company's ability to continue as a going concern.
+Added: In order to execute its development strategy, the Company has historically relied on outside capital to fund its cost structure and expects to continue to rely on outside capital for the foreseeable future.
+Added: While the Company believes it will eventually reach a scale of profitability to sustain its operations, there can be no assurance the Company will be able to achieve such profitability or do so in a manner that does not require its continued reliance on outside capital.
+Added: Moreover, while the Company has historically been successful in raising outside capital, there can be no assurance the Company will be able to continue to obtain outside capital in the future or do so on terms that are acceptable to the Company.
Foreign Currency Risk
−Removed: Our Company has two foreign domiciled subsidiaries, one in Italy and the other in India, which currently have minimal operating activity.
+Added: The Company has two foreign domiciled subsidiaries, one in Italy and the other in India, which currently have minimal operating activity.
We may in the future be impacted by foreign currency translation losses in these countries.
5 unchanged sentences
Equity price risk arises from security price volatility.
−Removed: We are subject to this risk due to our Private Placement Warrants.
−Removed: The fair value of our warrants was $2.85 and $8.31 at December 31, 2021 and 2020, respectively, which was exposed to equity price risk.
−Removed: We estimate that a hypothetical 10% change in quoted security prices would impact our warrants liability by $93 and $270 at December 31, 2021 and 2020, respectively.
+Added: The Company is subject to this risk due to its private placement warrants.
+Added: The fair value per warrant was $0.24 and $2.85 as of December 31, 2022 and 2021, respectively, which was exposed to equity price risk.
+Added: We estimate that a hypothetical 10% change in quoted security prices would impact our warrants liability by $8 and $93 as of December 31, 2022 and 2021, respectively.
FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
2 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.