10 unchanged sentences
To qualify for designation as an accounting hedging relationship, specific criteria must be met and appropriate documentation maintained.
−Removed: We had no derivative instruments that qualified under these rules as designated accounting hedges in 2020 or 2019.
+Added: We had no derivative instruments that qualified under these rules as designated accounting hedges in 2021 or 2020.
Changes in the fair value of our derivative instruments are recognized at the end of each accounting period and recorded in the consolidated statement of operations as a component of cost of goods sold.
Our immediate recognition of derivative instrument gains and losses can cause net income to be volatile from period to period due to the timing of the change in value of the derivative instruments relative to the sale of biofuel being sold.
−Removed: As of December 31, 2020 and 2019, the fair values of our derivative instruments were in an asset (liability) position in the amount of $124 and ($267), respectively.
+Added: As of December 31, 2021 and 2020, the fair values of our derivative instruments were in a (liability) asset position in the amount of ($485) and $124, respectively.
Our gross profit will be impacted by the prices we pay for raw materials and conversion costs (costs incurred in the production of chemicals and biofuels) for which we do not possess contractual market price adjustment protection.
11 unchanged sentences
(a) Volume requirements and average price information are based upon volumes used and prices obtained for the twelve months ended December 31, 2021.  Volume requirements may differ materially from these quantities in future years as our business evolves.
−Removed: We had no borrowings as of December 31, 2020 or 2019, and, as such, we were not exposed to interest rate risk for those years.
+Added: We had no borrowings as of December 31, 2021 or 2020, and, as such, we were not exposed to interest rate risk for those years.
Due to the relative insignificance of transactions denominated in a foreign currency, we consider our foreign currency risk to be immaterial.
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.